Professional Documents
Culture Documents
ENTREPRENE UR
An entrepreneur is a person who perceives a need and then brings together manpower, material and capital required to meet that need. In other words an entrepreneur is an individual or team that identifies the opportunity, gathers the necessary resources, creates and ultimately responsible for the performance f the organization.
ENTREPRENEURSHIP
Entrepreneurs are people that notice opportunities and take the initiative to mobilize resources to make new goods and services Entrepreneurship is a process of action of an entrepreneur who is a person always in search of something new and exploits such ideas into gainful opportunities by accepting the risk and uncertainty with the enterprise
CHARATERSTICS
1.Economic and dynamic activities 2.Related to innovation 3.Profit potential 4.Risk bearing
The owners value system is critical to the ethical considerations that surround a business decision (Hornsby et al., 1994: 14)
Key Takeaways . . .
Ethics in entrepreneurship is increasingly important for two reasons:
Entrepreneurial ventures are increasingly becoming a larger portion of businesses in general. Large firms are increasingly focusing on developing entrepreneurial competencies (i.e., becoming increasingly entrepreneurial in nature)
1. Honesty: to be truthful in all your endeavors; to be honest and forthright with one another and with customers, communities, suppliers, and other stakeholders. 2. Integrity: to say what you mean, to deliver what you promise, and to stand up for what is right.
3. Respect: to treat others with dignity and fairness, appreciating the diversity of the people you deal with and their uniqueness
4. Trust: to build confidence through teamwork and open, candid communication. 5. Responsibility: to speak up without fear of retribution and report concerns in the workplace and elsewhere, including violations of laws, regulations, and company policies. 6. Citizenship: to obey all laws of the countries where you do business and to improve the communities where you live and work.
Responsibilities to Employees
Workplace Safety Quality-of-Life Issues Ensuring Equal Opportunity on the Job. Age Discrimination Sexual Harassment and Sexism