ENTREPRENEURIAL OPERATIONS
CHAPTER 7 ENTREPRENEURIAL LEADERSHIP AND MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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the results of those actions
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laws that govern those actions
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community values
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the financial cost of their behavior
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Detailed explanation-1: -What are the two parts of ethical behavior? The actions of individuals and groups and the results of those actions. Lawful, Consistent with company values, Not intended to harm some so that others benefit, If the actions and results become public, it will not embarrass the company.
Detailed explanation-2: -Three approaches to ethics include virtue ethics, consequentialist ethics, and deontological or duty-based ethics. It’s important to consider all three approaches to be a good person and do the right thing.
Detailed explanation-3: -Our values and personality influence how ethical we behave. Situational factors, rewards, and punishments following unethical choices as well as a company’s culture are extremely important, but the role of personality and personal values should not be ignored.