In summary the ethics and responsibilities of entrepreneurs are:

1. Support law and professional code: The entrepreneurs have to follow

the rules and regulations of the country. They should also follow the code of
conduct prepared by their professional association.
2. Follow business ethics: Ethics refers to what is right and good for the
human beings and society. The business practices should be developed and
used which will be favorable for the human values and norms.
3. Involve in pedagogical Inquiry: The entrepreneurs have to inquire about
the theoretical and empirical aspect of entrepreneurship. They should
involve in research and development studies to find out the techniques and
ideas of good entrepreneurship.
4. Environmental Research: The entrepreneurs should involve in external
environmental research and collect the data of different variables. It will
help new entrepreneurs for finding out the feasibility of their undertaking.
5. Imparting ethical insight to the business students: The entrepreneurs
should help the academicians while imparting the ethical insights to the
students. They should provide financial support to the students who involve
in entrepreneurial research.
6. Create Employment: Entrepreneurs should create and develop new
opportunities for job to the people of the country. They should try to reduce
the unemployment problem of the country.
7. Mobilization of the idle resources: The natural resources of the country
should be mobilized. While mobilizing the natural resources, the optimum
use of such resources should be confirmed so that they can be conserved for
future generations.
8. Increase favorable attitude of people: The earning of the enterprise
should facilitate the society’s people. It should share its benefit with the
society in the form of community development programs, health and
sanitation programs, opening of schools and colleges etc.