ethicsrolesandresponsibilitiesofentrepreneur-1.pptx

ethics

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

2. In your own understanding, What are the business ethics examples?

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

4. Ethics, Roles, and Responsibilities of Entrepreneur

5. What is ?

6. 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.

7. 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.

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

9. Ethics, Roles, and Responsibilities of Entrepreneur

10. RECAP

11. Ethics in Enrepreneurhip

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

13. Ethical norms and behavior: Moral virtue and good character Ethical challenges Application of ethical principles and values Positive results of ethical practice Creating ethical standards for the enterprise Suggested coverage of a code of ethics

14. 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

15. 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

16. 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

17. 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

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

19. 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

20. 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

21. 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

22. What are the ethical standards?

23. 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

24. 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

25. 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

26. 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

27. 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

28. 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

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

30. 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

31. 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

32. Roles in Enrepreneurhip

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

34. 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.

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

36. 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

37. 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

38. 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

39. 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

40. 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

41. 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

42. 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

43. What is the role of Chief Executive Officer?

44. 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

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

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

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

48. 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

49. What is the main purpose of counseling?

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

51. 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

52. Why evaluation is important in business?

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

54. Responsibilities in entrepreneurship

55. What are your responsibilities as the business owner?

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

57. I mportant R esponsibilities: Innovation Assumption of risk Research Management Overcoming resistance to change Catalyzing economic development

58. 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

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

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

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

62. 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

63. 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

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

65. Thank You!

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