Ethics and entrepreneurship - DIONEO.pptx

ducation helps to widen a person’s mental and intellectual capacity. Any process or activity that serves this purpose, therefore, is part of education. While there is a formal system of education, there is also an informal system of education. The formal system of education consists of the academic and scholastic learning imparted at formal schools and institutions of higher learning through teachers.

It has a structured and organized set-up of syllabus and evaluation system through examinations. The informal system includes learning and study through various alternative means that includes books, and self-learning through experience and experimentation, besides interaction with scholars and experts in particular fields. One can also engage in both the formal and informal systems of education.

Education helps not only in the development of an individual, but through a cumulative effect it promotes the favourable growth and progress of the community, the entire society, and the nation as a whole. Education and intellectual growth of the people helps in creating broad-mindedness in them. This helps in solving almost all social ills that plague a backward society. Similarly, education is the solution for economic empowerment of the people. This helps in the emancipation of women and socially backward communities.
Importance of Education Paragraph 250 Words
Education plays an important role in the life of a person. There is a formal system of education that a student can undertake. There is also the informal system of education which may be undertaken by people. The formal system starts with formal scholastic study at primary school. School education goes on to middle, secondary, and senior secondary levels. Then follow the undergraduate and postgraduate studies, after which come the doctorate and post-doctorate levels. The formal system of education depends on teachers for the imparting of knowledge to students.

Education helps an individual in acquiring knowledge as a result of the academic studies undertaken. Education helps in enlightening and empowering the youth to take sound decisions, and make a difference to their lives and that of the society. Social ills can be done away with when the society is an educated one. Drug addiction, alcoholism, gender inequality, caste-ism and religious intolerance are social ills that can be eradicated through education. Education must, therefore, be accessible to all people of society. Through education people are able to have livelihoods and earn their living. Education thus promotes economic empowerment too of the people.

In the formal system of regular education, there are timelines within which students need to work, and deadlines to be met by them. There is an annual examination to be taken by students at the end of each academic session, besides many other term-wise or semester-wise examinations. The formal education system, thus, helps an individual develop punctuality and discipline.

1. Ethics and entrepreneurship By: john paul p. dioneo maed – tle Advanced business technology

2. Homage to god

3. Checking of attendance

4. Topic overview

5. Objective of the topic At the end of the discussion you will be able to : Discuss ethics and entreprenuership Compare ethics and entrepreneurship and ; Give the importance of ethics and entrepreneurship.

6. motivation

7. ETHICS  Involves acceptable behavior, relating to such questions as what is wrong or right, fair or unfair, professional or unprofessional, legal or illegal, etc.The criteria for judging acceptable behaviour is derived from social values, professional codes of conduct, religion, natural justice, laws, regulations, corporate codes of conduct, social good etc.  

8. Ethics therefore has the following elements It is defined in the context of the individual What constitutes ethical behavior can vary from person to person Ethics is relative, not absolute

9. Ethics guide behavior on the basis of which managers and organizations are judged. Judgment passed will determine the image various/relevant stakeholders will have of the entrepreneur or organization. Unethical behavior can have negative impact on the entrepreneurship venture in addition to that on the affected party.

10. Levels of Ethics Are four levels or areas at which ethics are most significant: The relations of the organization and its employees; in relation to hiring, termination of employment, wages, working conditions, confidentiality of employee information, respect for religious beliefs etc.

11. The relations of the employee to the employer in relation to conflict of interest, secrecy, honesty, integrity, diligence, theft, embezzlement, abuse of property etc. The relations of the organization to society (individuals, organizations) wider society, communities, environment and other organizations.  The relations of the organizations with other organizations in relation to stealing secrets (industrial espionage), undercutting prices, negative promotional messages.

12. Role of entrepreneurs in promoting ethics Ethical issues can arise in all aspects of the managerial task in all the functional areas. Organizations should make deliberate effort to promote ethical behavior through: Having senior management act as role models in relation to ethical behavior Establishing a culture that clearly defines behavior that is acceptable and unacceptable. Include issues of ethics in all training program Guide employees on how to deal with ethical dilemmas

13.   Form an ethics committees that reports to the CEO and the board Prepare guidelines on how employees should deal with all stakeholdersDevelop code of ethics and code of conduct.

14.  A Codes of Ethics A document that spells out the ethical standards, norms, beliefs and values an entrepreneur has committed himself/ herself to abide by. Is an indication of an entrepreneur’s commitment to high ethical standard lays the parameters within which individuals must behave Provides the employee with a basis to inform senior management of unethical behavior

15. Helps employees to deal with ethical dilemmas Unethical Practices -These are behaviours which do not conform to the organisation / industry’s norms, values, beliefs, standards and expectations

16. Unethical Practices Corruption (misuse of office for personal gain) Bribery (by government officers, other co-employees, etc. Offers for lunch, drinks groceries, hampers Stock holding Smuggling Nepotism Pollution Tribalism (Argument for bribe is that it is necessary to “grease” the palms of others to get assistance BUT entrepreneurs should desist from these kinds of practices for continuity)

17. Limitations of codes of ethics It may be ignored by key people in the business. May not be followed because following it . may have unpleasant results e.g. loss of friends, loss of income etc. May not cover all possible situations that might arise in business. Might not be successfully communicated to employees. May be a substitute for a good judgment.

18.  Professionalism It defines behaviour that is in conformity with standards expected within an organized occupation or profession. Kast and Rosenzweig (1985) outline the characteristics of an ideal profession as: A systematic body of theory.

19. Highly specialized authority based on superior knowledge Having sanctions for the behaviour of members A code of ethics Having a culture sustained by organizations i.e. the formation of groups identifiable with professions

20.   Forces leading to professionalism Professionalism has assumed great importance due to: Great emphasis on ethics The proliferation of professional bodies Greater emphasis on adherence to professional codes More emphasis on self control

21. Role of entrepreneurs/managers in promoting professionalism Providing advise i.e. acting as the specialists, expert practitioner, adviser, consultant and resource personGuardian of standards i.e. setting professional standards and ensuring that these are met within their area of work

22. Providing expertise in their areas of specialization Contributing to excellence Professionals may experience problems in showing professionalism in their roles because of: The leadership/management style The leadership/management style i.e. a strong emphasis by top management on controlling and directing rather than self regulation and self managementBeing brought in later in the decision making processes rather than actively attributing at all stages Differences of opinion

23. Characteristics of a creative ethical climate A trustful management that does not over control the personnel Open channels of communication among all business members Considerable contact and communication with outsiders A large variety of personality types.

24. A willingness to accept change An enjoyment in experimenting with new ideas Little fear of negative consequences for making a mistake The selection and promotion of employees on the basis of merit.

25. The use of techniques that encourage ideas, including suggestion systems and brainstorming Sufficient financial, managerial, human, and time resources for accomplishing goals

26. resources