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(YOUR INTRODUCTION here: Picture,
games, video, ETC..)
In your own
understanding, What
are the business
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
Ethics, Roles, and Responsibilities of Entrepreneur
What is
?
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.
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.
Ethics
This will manifest as entrepreneurs
continue to perform.
This chapter encompasses the ethical
norms, roles, and responsibilities
expected of entrepreneurs.
Ethics, Roles, and Responsibilities of Entrepreneur
RECAP
Ethics in Enrepreneurhip
ETHICS - Ethics is defined
as a moral philosophy or
code of morals practiced by
a person or group of people.
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
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
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
 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
 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
Why will customers stay
or do repeat business
with you?
 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
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
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
What are the ethical
standards?
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
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
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
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
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
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
8.) selling damaged merchandise
9.) warranties on products
10.) Merchandise-return policies for
customers
Suggested
Coverage of a
Code of Ethics
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
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
Roles
in Enrepreneurhip
A role is a set of connected
behaviors, rights, obligations,
beliefs, and norms as a
conceptualized by people in a
social situation.
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.
If you had one piece of
advice to someone just
starting out,
what would it be?
 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
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
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
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
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
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
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
What is the role of Chief
Executive Officer?
 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
Chief innovation officer - This role is
crucial in making the enterprise relevant
and competitive to ensure lone-term
success and sustainability.
Implementation
Role
What chracteristic traits a
good innovation manager must
have?
1. Innovation Managers Embrace
Risks
2. Innovation managers are Patient
3. Innovation managers Pitches Ideas
4. Innovation Managers are
Passionate
 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
What is the main
purpose of
counseling?
is to help clients
achieve their personal
goal and gain greater
insights into their lives.
 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
Why evaluation is
important in
it is an important way to reflect on
achievement and shortcomings, and
is also useful for reexamining the
goals themselves under different
circumstances
Responsibilities
in entrepreneurship
What are your
responsibilities as the
business owner?
Responsibility is the
state or fact having a
duty to deal with
something or of having
control over someone.
Important Responsibilities:
 Innovation
 Assumption of risk
 Research
 Management
 Overcoming resistance to change
 Catalyzing economic
development
 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
Willingness to take risks allows
an entrepreneur to take initiatives
in doing new things and marching
ahead in his efforts.
Assumption
of Risk
He finalizes an idea only after
considering a variety of options by
analyzing their advantages and
disadvantages.
Research
Involves the use of managerial skills
which he develops while planning,
organizing, staffing, directing,
controlling, and coordinating
business operations.
Management
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
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
How do you define success?
Do you believe there is some sort of
pattern or formula to becoming a
successful entrepreneur?
Thank You!
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Ethics, Roles, and Responsibilities of Entrepreneur (PPT)

  • 1.
  • 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
  • 7.
  • 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
  • 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
  • 26.
  • 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
  • 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
  • 42.
  • 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
  • 45.
  • 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
  • 47.
  • 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
  • 51.
  • 52. Chief innovation officer - This role is crucial in making the enterprise relevant and competitive to ensure lone-term success and sustainability. Implementation Role
  • 53.
  • 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
  • 61. it is an important way to reflect on achievement and shortcomings, and is also useful for reexamining the goals themselves under different circumstances
  • 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?
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