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Current Issues in Entrepreneurship Notes

Institution: College

Course: Business Management

Content Category: Lecture Notes

Posted By: 6611588

Document Type: DOCX

Number of Pages: 22

Price: KES 60
 
    

Views: 516     Downloads: 2

Summary

CHAPTER SEVEN
CURRENT ISSUES IN ENTERPRENEUSHIP
In this chapter we shall discuss concept of business ethics, social responsibility, and environmental issues in business, taxation trade exhibitions, e-commerce globalization, business outsourcing and HIV/AIDS and entrepreneurship.

General objectives
By the end of the course the learner should be able to identify and explain current issues in entrepreneurship. At the end of this lecture the learner should be able to:
i) Explain the concept of business ethics process.
ii) Define Social responsibility
iii) Explain the role of business responsibility in entrepreneurship
iv) Discuss environmental issues in business
v) Explain the concept of business outsourcing
vi) Explain the impact of HIV/AIDS on entrepreneurship

7.1. Business Ethics
1. Ethics: this is a set of moral principal that govern the action of an individual or group
2. The principal should play a significant role in guiding the conduct of manager’s entrepreneurs and employees in the operation of the business.
3. Business ethics is concerned the right and wrong in the practice of entrepreneurs ( business)
4. It addresses both the body of principals governing business practice with emphasis on the product the consumers and the entrepreneur’s moral concepts.

Sources of Moral Principles
i) Doctrines: primarily religion & politics that have there over years since the beginning of the history e.g
- the mosaic ten commandments
- Athenian principle of democracy
- The British concept of individual justice
- The bill of rights of UK.

ii) Value and norms
? Values and norms of a given society are related to religious tendencies, customs and traditions that vary from society to society.
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