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    What Is Entrepreneurship: Gen. Entrep. Chapter 2

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    Flomy Dela Cruz
    The document discusses entrepreneurship and entrepreneurial ethics. It defines entrepreneurship and outlines 10 theories of entrepreneurship. It also discusses the characteristics of successful entrepreneurs, the foundations and importance of ethics for entrepreneurs, and good ethical practices for entrepreneurs including treating employees, customers, communities and competitors fairly.

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    What Is Entrepreneurship: Gen. Entrep. Chapter 2

    Uploaded by

    Flomy Dela Cruz
    20 views18 pages
    The document discusses entrepreneurship and entrepreneurial ethics. It defines entrepreneurship and outlines 10 theories of entrepreneurship. It also discusses the characteristics of successful entrepreneurs, the foundations and importance of ethics for entrepreneurs, and good ethical practices for entrepreneurs including treating employees, customers, communities and competitors fairly.

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    The document discusses entrepreneurship and entrepreneurial ethics. It defines entrepreneurship and outlines 10 theories of entrepreneurship. It also discusses the characteristics of successful entrepreneurs, the foundations and importance of ethics for entrepreneurs, and good ethical practices for entrepreneurs including treating employees, customers, communities and competitors fairly.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    20 views18 pages

    What Is Entrepreneurship: Gen. Entrep. Chapter 2

    Uploaded by

    Flomy Dela Cruz
    The document discusses entrepreneurship and entrepreneurial ethics. It defines entrepreneurship and outlines 10 theories of entrepreneurship. It also discusses the characteristics of successful entrepreneurs, the foundations and importance of ethics for entrepreneurs, and good ethical practices for entrepreneurs including treating employees, customers, communities and competitors fairly.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    What is

    Entrepreneurship

    Gen. Entrep. Chapter


    2
    Learning
    Objectives

    1. 2. 3.

    Discuss the theories Differentiate the types of Identify who is an


    of Entrepreneurship entrepreneurial ventures Entrepreneur
    Learning
    Objectives

    4. 5. 6.

    Apply the value to Elaborate the different Explain the role of ethical
    oneself and the profile of a successful standard for entrepreneur
    society entrepreneur
    Contents
    • Entrepreneurship
    • Profile of a Successful Entrepreneur
    • The Foundation of Entrepreneurial Ethics
    • Ethics and Entrepreneurship
    • Ethical Standard for Entrepreneur
    • Good Business Ethics
    • Starting point to Entrepreneurial Success
    Entrepreneurship

    It is a science of converting processed


    ideas into remarkable business venture. It
    is the capacity for innovation, investment
    and expansion in new market, products
    and techniques (Fajardo, 2009).
    Theories of Entrepreneurship
    1. Economic Entrepreneurship Theory
    2. Resourced Based Theory
    3. Psychological Theory
    4. The Sociological Theory
    5. Anthropological Entrepreneurship Theory
    6. Opportunity Based Theory
    7. Financial Capital Theory
    8. Human Capital Theory
    Theories of Entrepreneurship
    9. Cultural Entrepreneurship Theory
    10. Regional Entrepreneurship Theory
    Characteristics of Entrepreneurs
    • Alert to opportunities and perspective to make things
    happen
    • Health and endurance to work long hours
    • Flexible and can adapt to changes
    • Self-assured
    • Seeks for the opinion of others and makes researches
    Profile of a Successful Entrepreneur

    1. Strong desire for independence


    2. Develops strong drive to succeed
    3. Strong determination in decision making
    4. Develops feedback mechanism for results
    5. Result- driven individual
    ETHICS

    Deals with how a man should live


    according to the accepted moral
    standards of the society.
    Foundation of Entrepreneurial Ethics

    1. Conscience
    2. Justice
    3. Wisdom
    4. Courage
    5. Temperance
    ETHICS AND ENTREPRENEURSHIP
    1. Entrepreneurship is an activity of human
    relationship.
    2. The entrepreneur should look at the
    mutual benefit of the stakeholders.
    3. The entrepreneur needs human, technical
    and financial resources in his operation.
    4. The entrepreneur has social responsibility.
    5. Development of fair competition.
    Ethical Standard for Entrepreneur

    1. Foster the development of social


    interest and goodwill in the business
    operation.
    2. Determine business courses of action
    that will safeguard their existence in
    the industry.
    Ethical Standard for Entrepreneur

    3. Create an atmosphere that will insure


    mutual trust and confidence between
    management and its various
    stakeholders.
    4. Develop mechanism that will give
    equal opportunities for all without
    favoritism.
    GOOD BUSINESS ETHICS

    1. The Employees.
    2. The Customers.
    3. The Community.
    4. The Government.
    5. The Competitors.
    The Starting Point to Entrepreneurial Success

    1. Start to be on your own


    2. Explore the business environment
    3. Be in control
    4. Have a good accountant or a trusted
    financial adviser
    5. Seek the advise of professionals.
    ASSIGNMENT

    Research on the different ethical issues of known


    businesses/companies. List down at least 2 ethical issues
    and explain what must be done to mitigate or avoid the
    results of those issues. (20 pts.)

    Note: Please provide your sources. It must be from


    scholarly articles, news or reliable sources.

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