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    Ethics and Entrepreneurship

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    Dvd Lavanya
    The document discusses ethics and entrepreneurship, including whether there is an ethics crisis in America. It outlines what ethics are, the difference between legal and ethical, how businesses develop ethics codes, and factors to consider in an ethics check. It also discusses the importance of social responsibility for businesses.

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    Ethics and Entrepreneurship

    Uploaded by

    Dvd Lavanya
    263 views13 pages
    The document discusses ethics and entrepreneurship, including whether there is an ethics crisis in America. It outlines what ethics are, the difference between legal and ethical, how businesses develop ethics codes, and factors to consider in an ethics check. It also discusses the importance of social responsibility for businesses.

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    The document discusses ethics and entrepreneurship, including whether there is an ethics crisis in America. It outlines what ethics are, the difference between legal and ethical, how businesses develop ethics codes, and factors to consider in an ethics check. It also discusses the importance of social responsibility for businesses.

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    263 views13 pages

    Ethics and Entrepreneurship

    Uploaded by

    Dvd Lavanya
    The document discusses ethics and entrepreneurship, including whether there is an ethics crisis in America. It outlines what ethics are, the difference between legal and ethical, how businesses develop ethics codes, and factors to consider in an ethics check. It also discusses the importance of social responsibility for businesses.

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    of 13

    Ethics and

    Entrepreneurship
    Is there an ethics crisis in America?
    One recent national election day poll
    indicated that 56 percent of voters
    thought that Americas problems are
    primarily moral and social. Only 36
    percent thought that the nations problems
    were primarily economic.
    "We Will Not Lie, Steal Or Cheat,
    Nor Tolerate Among Us Anyone Who
    Does"
    Q: Which do you think is harder - Line 1 or
    Line 2? Why?
    Educational Institutions have established ethics
    codes for their students, including the U.S. Air
    Force Academy:
    In a recent Wall Street Journal
    article, Psychology professor Steven Davis
    says that cheating by high school students
    has increased from about 20 percent in the
    1940s to 75 percent today.
    Students say cheating in high school is
    for grades, cheating in college is for a
    career.
    What, then, are ethics?
    A set of principles outlining a behavioral code
    that lays out what is good and right or bad and
    wrong
    May outline obligations and appropriate moral
    actions for both the individual and the
    organization
    Ethics does not just apply to business
    It may be difficult for individuals or groups in
    society to agree upon what is right and wrong
    Legal vs. Ethical
    The law provides boundaries for defining
    what activities are illegal
    The law, however, does not necessarily
    outline what is ethical.
    Ethics within
    businesses
    Many businesses develop their own codes
    of ethics or conduct
    These codes outline what employees are
    to do in order to carry out what the
    company sees as the right thing to do in
    various circumstances

    The Ethics Check
    1. Is it legal
    2. Is it balanced/fair/win-win
    3. How will it make you feel about yourself?
    - will it make you feel proud?
    - would you feel good if your decision
    was published in the local newspaper?
    - would you feel good if your family knew
    about it?
    Outline for a Code of
    Ethics
    Over all, a code of ethics should be a formal statement of a
    businesss values concerning ethics and social issues. It
    commonly speaks to acceptable norms of behavior, guided
    by six areas of concern:
    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.

    Being Socially
    Responsible
    It is not enough to be ethical, or do the right
    thing anymore (thankfully)
    Businesses are now expected to act in a
    socially responsible manner they need to be
    good citizens as well as give back to the
    societies (including global) in which they exist.
    Can you think of a company that is socially
    responsible? One that is not?
    There are financial benefits to being a socially
    responsible company or organization. What
    might some be?
    Hmmm
    Q: who do you think American consumers
    voted to be the most socially
    conscious/responsible company?
    A: Wal-Mart
    The retail giant trounced second-place
    McDonald's (yes, McDonald's). In fact, 28
    percent of consumers picked Wal-Mart Stores
    as the most responsible company, compared
    with 17 percent for McDonald's and 16
    percent for third-place Microsoft.
    Movie The Pursuit of Happiness



    This film is based on a true story

    As you watch the film, make
    notes of how business man
    Chris Gardner chooses to reach
    success based on his ethics and
    hard work, rather than cutting
    corners and unethical actions.

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