12 Questions
What is one of the challenges entrepreneurs face compared to business managers?
Taking risks with personal capital
How do entrepreneurs differ from business managers in terms of ethical decision-making?
Depend more on personal values
What influences an entrepreneur's attitudes towards corporate responsibility?
Perceived organizational climate
Why do entrepreneurs often develop an internal ethical code?
Lack of established role models
What plays a significant role in influencing entrepreneurs' ethical choices?
Community norms
How do differences between entrepreneurs in various communities and countries reflect?
General norms and values of those communities and countries
What do the survey results indicate about businesspeople's concerns?
They are deeply concerned about business ethics.
In comparison to U.S. managers, how do German and Austrian counterparts differ in terms of values?
German and Austrian managers are more individualistic.
What does the field of business ethics primarily investigate?
Business practices in relation to human values
Where does the word 'ethics' originate from?
Swëdhêthos, related to individual morality and behavioral habits
What has impacted the increased interest in exploring business attitudes and practices in different countries?
Increase in international business activities
Which area has been explored within the context of culture and is now starting to be examined through an individualized concept?
'Investigation of business practices in light of human values'
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.
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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