Ethics and Social Responsibility of Entrepreneurs
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Questions and Answers

What is one of the challenges entrepreneurs face compared to business managers?

  • Following professional codes of ethics
  • Maintaining a corporate climate
  • Taking risks with personal capital (correct)
  • Delegating tasks effectively
  • How do entrepreneurs differ from business managers in terms of ethical decision-making?

  • Depend more on personal values (correct)
  • Rely on established role models
  • Focus solely on economic expediency
  • Follow professional codes strictly
  • What influences an entrepreneur's attitudes towards corporate responsibility?

  • Perceived organizational climate (correct)
  • Competitors' strategies
  • Ethical dilemmas
  • Government regulations
  • Why do entrepreneurs often develop an internal ethical code?

    <p>Lack of established role models</p> Signup and view all the answers

    What plays a significant role in influencing entrepreneurs' ethical choices?

    <p>Community norms</p> Signup and view all the answers

    How do differences between entrepreneurs in various communities and countries reflect?

    <p>General norms and values of those communities and countries</p> Signup and view all the answers

    What do the survey results indicate about businesspeople's concerns?

    <p>They are deeply concerned about business ethics.</p> Signup and view all the answers

    In comparison to U.S. managers, how do German and Austrian counterparts differ in terms of values?

    <p>German and Austrian managers are more individualistic.</p> Signup and view all the answers

    What does the field of business ethics primarily investigate?

    <p>Business practices in relation to human values</p> Signup and view all the answers

    Where does the word 'ethics' originate from?

    <p>Swëdhêthos, related to individual morality and behavioral habits</p> Signup and view all the answers

    What has impacted the increased interest in exploring business attitudes and practices in different countries?

    <p>Increase in international business activities</p> Signup and view all the answers

    Which area has been explored within the context of culture and is now starting to be examined through an individualized concept?

    <p>'Investigation of business practices in light of human values'</p> Signup and view all the answers

    Study Notes

    Ethics and Social Responsibility of Entrepreneurs

    • Entrepreneurs face daily stressful situations and difficulties, making it challenging to balance ethical exigencies, economic expediency, and social responsibility.
    • Entrepreneurs develop an internal ethical code, relying on their personal value system, and are sensitive to peer pressure, social norms, and competitor pressures.

    Differences between Entrepreneurs and Managers

    • Entrepreneurs differ from managers in their moral stance, with entrepreneurs depending more on their personal value system.
    • Managers' attitudes towards corporate responsibility are related to the organizational climate, which is supportive of laws and professional codes of ethics.

    International Differences in Ethics

    • Entrepreneurs in different countries and communities reflect the general norms and values of those communities.
    • U.S. managers have more individualistic and less communitarian values than their German and Austrian counterparts.
    • International business has increased interest in similarities and differences in business attitudes and practices across countries.

    Definition and Concepts of Ethics

    • Ethics refers to the study of what is right and good for humans.
    • Business ethics concerns the investigation of business practices in light of human values.
    • Ethics is a broad field of study exploring the general nature of morals and specific moral choices.

    Research on Business Ethics

    • Research on business ethics can be classified into four broad areas: pedagogically oriented inquiry, theory-building, empirical research on students and faculty, and empirical research on managers in large organizations.
    • Each of these areas offers insight into the ethical dimensions of entrepreneurs and managers.

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    Description

    Explore the challenges faced by entrepreneurs in balancing ethical values, economic outcomes, and social responsibilities. Learn about the importance of maintaining a harmonious equilibrium between different aspects of entrepreneurship.

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