An analysis of the impact of a happiness culture on economic performance (A literature Review)

Journal Title: IOSR journal of Business and Management - Year 2018, Vol 20, Issue 9

Abstract

This paper examined the contribution of happinessculture on economic development of Zimbabwe in the new dispensation of which the country is Open for Business. Zimbabwe’s current economic performance since the year 2000 was characterised by low growth, low foreign direct investments, and depressed industry growth as a result of economic self-styled sanctions authored in Zimbabwe by citizens and submitted the United States of America (USA) for adoption to impose sanctions through the Zimbabwe Democracy Bill (ZIDERA) resulting in low business confidence, liquidity challenges and lack of competitiveness of the country`s economy at large,however,this study unearthed issues relating to citizenship behaviours to motivate socio-economic progress of a nation. Thestudy traced the elements of happiness namely: the power of gratitude, power of positive thinking, power of forgiveness and power of acceptance as key concepts in the happiness philosophy to motivate economic development. The study conclusion was that the discourse of happiness philosophy engenders feelings of social conscience, peaceful co-existence and national reconstruction. Happy people invigorate economic transformation and have the capacity to grow Zimbabwe to modernity. The paper established a close link between happiness and the potential to innovation and creativity in the race towards modernity of the economics of Zimbabwe. In this light, this study carries the recommendation Zimbabweans need training on the critical pillars of happiness namely: gratitude, positive thinking, power of acceptance and power of forgiveness.Training equips Zimbabwean nationals with requisite skills to understand the need to adopt citizenship behaviours. The government of Zimbabwe, through the ministry of Higher and Tertiary Education, Ministry of Primary and Secondary education and Ministry of Youth may work together to induce a culture of happiness to Zimbabweans at the tender age before one graduate to become senior citizen. An effective training program on happiness elements is a prescription for Zimbabweans to keep and maintain a culture of citizenship which is critical in economic development. To move Zimbabwe forward and to grow Cities in the country, Zimbabwe needs happy people with capacity to appreciate and adopt citizenship behaviour.

Authors and Affiliations

Charles Mavhunga, Langton Chikukwa

Keywords

Related Articles

The Influence of Entrepreneurship Learning And Individual Commitment Toward Achievement Motivation And Its Impact on The Interest of Business Establishment For Vocational High School Students In Makassar, Indonesia

This study aimed at reviewing attitude and behavior of Vocational High School students in Makassar city by analyzing causal relationships between entrepreneurship learning, individual commitment, achievement motivation a...

Customer Relationship Management in Business: A Study on Bangladesh

Customer Relationship Management (CRM) consists with a company and its existing and potential customers through a systematic way for ensuring maximum customer satisfaction. Most of the organizations use specific software...

Influence of Personality Traits And Social Norms on Entrepreneurial Intentions of Business Administrations’ Students of Sylhet

The purpose of this study is to empirically investigate the influencing personality traits and social norms affecting entrepreneurial intentions of Business Administrations students in Sylhet City, Bangladesh. A sample o...

Factors Limitingthe Growth And Development of Small Businesses– Evidence From Mara Region, Tanzania.

Small businesses play a significant role to the economy of Tanzania by creating employment, generating income and help in poverty reduction. In order to grow and prosper small businesses need conducive or supportive busi...

A Study of the Factors of Emotional Intelligence, Determining the Performance of Management Teachers.

The purpose of this research study is to identify the major factors of emotional intelligence that affect the performance of management teachers in India. Management institutions in India are facing challenges to cope up...

Download PDF file
  • EP ID EP412932
  • DOI 10.9790/487X-2009071320.
  • Views 63
  • Downloads 0

How To Cite

Charles Mavhunga, Langton Chikukwa (2018). An analysis of the impact of a happiness culture on economic performance (A literature Review). IOSR journal of Business and Management, 20(9), 13-20. https://europub.co.uk/articles/-A-412932