Entrepreneurship and ethics alina ginghina


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    Dear alina,

    I wrote you earlier but you did not respond to my mail. Like I wrote you earlier, I am Attorney Matiko Timbo, a lawyer by profession, based in Lome - Togo. In my first mail I mentioned to you about a late client of mine (a native of your country) who died with his wife and only child in an accident On the 21st of April, 2005, without any disclosed relative. I need your urgent assistance claiming the sum of U.S. $ 12,500,000.00 million belonging to my late client, which is deposited in a bank Togo. He was my client and a major supplier contractor for big oil companies.
    I am contacting you due to the similarity of your surname with my late client. Therefore, I am calling your attention because that the bank asked me to bring his closest kin.
    Indicate your interest by writing back directly to my e-mail: (matiko.timbo@rocketmail.com) for more details.


    Barrister Matiko Timbo (ESQ.)
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Entrepreneurship and ethics alina ginghina

  2. 2. ABSTRACT What is the binding between entrepreneurship and ethics? E t H i c s ENtREPRENEURsHiPEntrepreneurship – attitude, a way of thinking and behavingEthics – describes the moral content of behavior and provides direction through its code of conduct The common denominator: life lived in accordance with a set of strong principles and virtues
  3. 3. ABSTRACT An entrepreneur faces all kinds of ethical decisions, choices for doing the right thing, without violating the rights of any stakeholder. The general aim of this study is to point out that the main qualities which characterize a successful entrepreneurship are also crucial to ethical decision- making. The paper is a work in progress planned to be continued with some empirical research departing from the hypothesis that ethics and profits don’t necessary have to be mutually exclusive.
  4. 4. 1 INTRODUCTION “There is no such thing as business ethics – there is only ethics.” (Peter Druker)Fundamental rights and obligations are relevant regardlessof the time and place. 2 A PHILOSOPHICAL APPROACH OVER THE ETHICS Human nature: everybody has the potential ability to distinguish between right and wrong Basement of ethics theory: concepts of good, duty, honor, honesty Code of moral principles: elementary beginnings Ethics: derives from the Greek “ethos” = the usual way of life The usual life of an entrepreneur is characterized by change The key to a successful business: an authentic behavior in searching for ethics
  5. 5. 3 TODAY’S BUSINESS WORLD “Managers are concerned to make things right, leaders are concerned to make the right things”, entrepreneurs have the duty to always follow the right way. Despite technological progress and new tendency in management and marketing, all business are reduced to a matter of trust. “The broken window” theory  Business environment: some little ethical issues are often ignored.  The most common attitude is tolerance towards ignorance, superficiality, lack of morality and even to fraud. Another meaning of the Greek “ethos” is “character”: approaching the business domain with an ethical attitude means being an entrepreneur of character. Success = Ethics + Competence
  6. 6. 3 TODAY’S BUSINESS WORLD Entrepreneurs are responsible not only for what they know, but also for what they could and should have known. The entrepreneur is the first responsible for his company deficiencies. There is no universal formula for solving ethical dilemmas, but there is a specific type of thinking: analyzing everybody involved and their position provides the necessary tools in order to make the decision. Ethics should be present in the entire process of taking a decision:  identifying the problem,  establishing the criteria for solution taking,  finding different alternatives,  decision itself,  applying the decision. ETHIC CODE
  7. 7. 4 CONCLUSIONS “In life, each of us remains debtor towards our profession.” (Marcus Pollio Vitruvius) Work has to be included into a bigger project: a project of life for individual, a common goal of more individuals, a way through something else. Ethical entrepreneurs valorize a positive relationship towards stakeholders, based on trust, respect, integrity, honesty, fairness, equity and compassion – “laws of the universe” (Stephen Covey). An entrepreneur without ethics may have success even a long period of time, but eventually his lack of morality will destroy him. You can’t build a strong business on a week foundation.
  8. 8. THANK YOU!