Subject: Entrepreneurship Topic: Ethics, Roles, and Responsibilities of Entrepreneur File Format: pptx

2. (YOUR INTRODUCTION here: Picture,
games, video, ETC..)

3. In your own
understanding, What
are the business

4. HONESTY- honest and thruthful
INTEGRITY- doing what you think is right
LOYALTY- worthy of trust
FAIRNESS - equal treatment
CONCERNOF OTHERS - respect for human rigths
LAW ABIDINGCITIZEN - conscious of the responsibilities and opportunities of
their postiiton
REPUTATIONAND MORALE - prevent inappropriate conduct to others
ACCOUNTABILITY- anowledge and accept personal accountability for the ethical
quality of their decisions

5. Ethics, Roles, and Responsibilities of Entrepreneur

6. What is
?

8. Ethics is defined as a moral
philosophy or code of morals
practiced by a person or group
of people. An example of ethics
is a code of conduct set by a
business.

9. Ethics
 Ethics includes the decisions, choices, and
behavior that people believe to be worthwhile
and important in their lives.
 Also the entrepreneur is crucial to the
maintenance and sustainability of the
economy from the grassroots to the national
level.

10. Ethics
This will manifest as entrepreneurs
continue to perform.
This chapter encompasses the ethical
norms, roles, and responsibilities
expected of entrepreneurs.

11. Ethics, Roles, and Responsibilities of Entrepreneur

12. RECAP

13. Ethics in Enrepreneurhip

14. ETHICS - Ethics is defined
as a moral philosophy or
code of morals practiced by
a person or group of people.

15. Ethical norms and behavior:
1) Moral virtue and good character
2) Ethical challenges
3) Application of ethical principles and values
4) Positive results of ethical practice
5) Creating ethical standards for the enterprise
6) Suggested coverage of a code of ethics

16. Ethical norms and behavior:
Moral Virtue and Good Character - To act
effectively
Ethical Challenges - Distractions surrounding
the entrepreneur increase the risk of making
wrong choices

17. Ethical norms and behavior:
 Application of Ethical Principles
and Values
• Technical competence,
• Search for new and improved ways of works ,
• Complete responsibility,
• Respect for the needs of those around him ,
• Fair pricing

18.  Fair pricing - this is the touchstone of
entrepreneurship. The ethical entrepreneur always
establishes revenue forecasts that are realistic
based on fair pricing.
 Rewards for good action - encourages his
employees to do good by giving both intrinsic and
extrinsic rewards.
Application of
Ethical
Principles and
Values

19.  Correction for those doing wrong - follows a set of
disciplinary actions and sanctions that are known to his
employees and which are calibrated according to the
degree of the wrongdoing.
 Sound financial management - the ethical entrepreneur
manages finances effectively manages to allow for stable
employment for everyone in the business even during
times of crisis or temporary slowdown.
Application of
Ethical
Principles and
Values

20. Why will customers stay
or do repeat business
with you?

21.  Efficient rigorous business monitoring and reporting -
the ethical entrepreneur is open and honest. He develops a
sound and rigorous financial monitoring and reporting
system that provides full and accurate information leading
to realistic forecasts.
 Sharing financial issues - shares the company’s financial
success with his employees, partners, suppliers and others
who helped create the business.
Application of
Ethical
Principles and
Values

22. Social responsibility - gives back to the
community by contributing to its welfare.
Environmental awareness - makes sure
that the environment is not degraded or
further destroyed by his negligence and
irresponsibility.
Application of
Ethical
Principles and
Values

23. The practice of ethics
within and outside the
company projects the
reputation of the
entrepreneur as a
good partner
business.
Positive Results
of Ethical
Practice

24. What are the ethical
standards?

25. Setting ethical standards is the first step in
creating an ethical organization.
Here are the steps the entrepreneur could
take when creating a code of ethics for the
enterprise:
Creating Ethical
Standards for
the Enterprise

27. 1.) Identify the general principles that would lead
the enterprise to fair business practices.
2.) Check with pertinent government agencies,
industry associations, and business chambers for
ethical standards to review and use as pattern.
3.) Allow for the fact that ethical questions do not
always have a unique, perfect answer.
Creating Ethical
Standards for
the Enterprise

28. 4.) Write out specific statement that will assist everyone,
including the entrepreneur, and all stakeholders, in
making day-to-day ethical decisions.
5.) Meet with groups of stakeholders according to
interest, role, or function and present the draft of the
Code of Ethics.
6.) Ask for opinions, suggestions, and recommendations
for improvement from the stakeholders.
Creating Ethical
Standards for
the Enterprise

29. 7.) Make a final draft of the Code of Ethics taking
into consideration all the gathers suggestions and
recommendations.
8.) Apply the accepted Code of Ethics throughout
the enterprise through written policies and
procedures.
9.) Train everyone involved to make ethical
decisions.
Creating Ethical
Standards for
the Enterprise

30. Aspects:
1.) Environment-friendly business practices
2.) Supporting advertising promises
3.) Telling customers the truth
4.) Insurance coverage adequate to protect the
business and employees
Suggested
Coverage of a
Code of Ethics

31. 5.) Handling cash and checks from
customer
6.) special prices for selected persons
7.) accepting gifts from suppliers and
business associates
Suggested
Coverage of a
Code of Ethics

32. 8.) selling damaged merchandise
9.) warranties on products
10.) Merchandise-return policies for
customers
Suggested
Coverage of a
Code of Ethics

33. 11.) returning merchandise to suppliers
12.) handling shoplifters
13.) accounting procedures for cash sales
14.) theft or pilfering by employees
15.) Checking in merchandise when received
from suppliers
Suggested
Coverage of a
Code of Ethics

34. 16.) keeping the premises clean and free from
harmful substances
17.) handling employee performance problems
18.) safety and security issues
19.) media relations (print and digital media)
The list can be expanded and modifies
depending on the needs of the enterprise.
Suggested
Coverage of a
Code of Ethics

35. Roles
in Enrepreneurhip

36. A role is a set of connected
behaviors, rights, obligations,
beliefs, and norms as a
conceptualized by people in a
social situation.

37. The entrepreneur is crucial
to the maintenance ans
sustainability of the economy
from the grassroots to the
national level.
This will manifest as
entrepreneur continue to
perform their roles and
responsibilities effectively.

38. If you had one piece of
advice to someone just
starting out,
what would it be?

39.  Vision Role
 Implementation role
 Chief customer officer
 Chief financial officer
 Chief people officer
 Chief executive officer
 Chief innovation officer
 Counseling role
 Evaluator role
Roles of Entrepreneur

40. The entrepreneur sometimes
called a dreamer who follows his
vision. Without the vision, the
entrepreneur will flounder soon
enough and the dream will disappear.
Vision
Role

41. This role of the entrepreneur
inspires those that choose to join
him in the pursuit of his vision,
believing that something good and
useful will be realized.
Vision
Role

43. Proper implementation of the business
ideas will enable the entrepreneur to
harness the talents and skills of the
organization’s team members to pursue the
mission, goals and objectives of the
business.
Implementation
Role

44. 5 key functions of the entrepreneur according to Warawa:
Chief customer officer - customers are most
important for the business. He and his sales or
service staff should know the products and
services, as well as be familiar with even touch
point that will induce the customers to patronize the
business continuously.
Implementation
Role

46. Chief financial officer - bookkeeping,
accounting, and taxation are some of the
most important aspects of the enterprise.
How healthy it is, where it is going, and
what should be changed for it to become
successful.
Implementation
Role

48. Chief people officer - regardless of the number
of employees he has, the entrepreneur should
take care of them as well as the people
surrounding the business. As some leadership
role, the entrepreneur should deal with people
fairly and objectively.
Implementation
Role

49. What is the role of Chief
Executive Officer?

50.  Chief executive officer - as CEO, the
entrepreneur needs to look at the whole
enterprise from the very beginning and plan for
its future based on a clear vision. He must
spread spend enough time on strategies that will
spell future success for the company.
Implementation
Role

52. Chief innovation officer - This role is
crucial in making the enterprise relevant
and competitive to ensure lone-term
success and sustainability.
Implementation
Role

54. What chracteristic traits a
good innovation manager must
have?

55. 1. Innovation Managers Embrace
Risks
2. Innovation managers are Patient
3. Innovation managers Pitches Ideas
4. Innovation Managers are
Passionate

56.  Counseling means talking with a person in a way that
helps that person solve a problem or helps to create
conditions that will cause the person solve a problem
or helps to create conditions that will cause the person
to improve his behavior.
 It involves thinking implementing, knowing human
nature, timing, sincerity, compassion, and kindness.
 It involves much more than simply telling someone
what to do about a problem.
Counseling
role

57. What is the main
purpose of
counseling?

58. is to help clients
achieve their personal
goal and gain greater
insights into their lives.

59.  Performance appraisal and other metrics will
help the entrepreneur maintain the quality and
effectiveness of his enterprise.
 As evaluator, the entrepreneur should be able
to measure performance fairly and objectively
against job requirements and standard.
Evaluator
Role

60. Why evaluation is
important in

61. it is an important way to reflect on
achievement and shortcomings, and
is also useful for reexamining the
goals themselves under different
circumstances

62. Responsibilities
in entrepreneurship

63. What are your
responsibilities as the
business owner?

64. Responsibility is the
state or fact having a
duty to deal with
something or of having
control over someone.

65. Important Responsibilities:
 Innovation
 Assumption of risk
 Research
 Management
 Overcoming resistance to change
 Catalyzing economic
development

66.  Who tries to develop new technology,
products and markets in the community.
 May involve doing new things or doing
existing things differently uses his
creative faculties to do new things and
exploit opportunities in the market.
Innovation

67. Willingness to take risks allows
an entrepreneur to take initiatives
in doing new things and marching
ahead in his efforts.
Assumption
of Risk

68. He finalizes an idea only after
considering a variety of options by
analyzing their advantages and
disadvantages.
Research

69. Involves the use of managerial skills
which he develops while planning,
organizing, staffing, directing,
controlling, and coordinating
business operations.
Management

70. He paves the way for the acceptance
of his ideas. This is a reflection of his
willpower, enthusiasm, and energy-
traits that contribute in overcoming
society’s resistance to change
Overcoming
Resistance to
Change

71. Plays an important role in accelerating
the pace of economic development of a
country by discovering new uses of
available resources and maximizing
their utilization.
Catalyzing
Economic
Development

72. How do you define success?
Do you believe there is some sort of
pattern or formula to becoming a
successful entrepreneur?

73. Thank You!

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