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ENTREP MIDTERM (UNIT 2)

ENTREP MIDTERM (UNIT 2)

  • Are codes of conduct, employed by entrepreneurs which impact society positively, thereby increasing the entrepreneur’s chances for greater success?

    Entrepreneurial Ethics

  • What do you call the hand in hand with entrepreneurial ethics?

    Integrity

  • How a company treats its workers is a good indication of its ethical practices.

    Labour

  • Your clients are your key stakeholders, and it should be quite obvious as to how dependent your business is on its customers.

    Clientele

  • It is difficult, and possibly unavoidable, to engage in business while having no impact on the environment.

    Environment

  • What are the Most Common Entrepreneurship Myths?

    1. Entrepreneurs are born that way.

    2. The only requirement is a good idea

    3. Starting a new business guarantees freedom.

    4. Launching a company quickly leads to wealth.

    5. Only money motivates employees.

    6. Businesses either flourish or fail.

    7. All responsibility falls on the entrepreneur.

    8. There’s a secret, “silver bullet” key to success. I

    9. Businesses need someone with an MBA at the helm.

    10. Quitting is for losers.