Entrepreneurship,

Ethics, and Economic

Development
08.24.2023
  Relationship between Entrepreneurship and Economic Growth
 Entrepreneurship is a catalyst for economic growth. It spurs
innovation, creates jobs, and fosters competition, driving economic
activity and development.
 Impact of Entrepreneurship on Job Creation and Wealth
Understanding Generation
 Entrepreneurs contribute to job creation and wealth accumulation,
Entrepreneurs fostering prosperity within communities and nations.

hip and  Global and Local Examples of Successful Entrepreneurial

Ecosystems
Economic  Studying thriving entrepreneurial ecosystems like Silicon Valley and
others provides insights into the factors that enable innovation and
Development economic expansion.
 Policies and Initiatives for Entrepreneurship-Led Economic
Development
 Government policies and initiatives supporting entrepreneurs
include funding access, training programs, and regulations that
promote business growth.
  Ethical Considerations in Entrepreneurial Decision-Making
 Entrepreneurs frequently face ethical dilemmas, necessitating
thoughtful and morally sound decisions.
Ethics and  Balancing Profit Motives with Social and Environmental
Social Responsibilities
 Entrepreneurs must strike a balance between profit-driven goals and
Responsibility ethical practices that benefit society and the environment.

in  Case Studies on Ethical Dilemmas Faced by Entrepreneurs

 Real-life cases exemplify the intricate ethical choices entrepreneurs
Entrepreneurs encounter and the broader implications of their decisions.

hip  Building a Socially Responsible and Sustainable Business

 Entrepreneurs can create sustainable businesses by incorporating
ethical practices that consider social, environmental, and economic
impact.
Class Activity:
Analyzing  A case or scenario presenting ethical dilemma faced by an
entrepreneur shall be studied by each group.
Ethical  Discuss the following in the group:
Entrepreneuria  The ethical dilemma and parties involved
 Potential outcomes of different decisions
l Decisions and  Economic and societal consequences of each decision
Economic  Suggestions for an ethically responsible solution

Impact
  Maria is an entrepreneur who founded a green energy startup. Her
Case Study 1: innovative technology has the potential to revolutionize
renewable energy production. However, to secure the necessary
The Green funding for her venture, Maria is faced with the option to partner
with a large fossil fuel company that wants to invest in her
Energy Startup technology for profit. This decision presents an ethical dilemma as
Maria must balance her commitment to green energy with the
Dilemma potential negative impact of collaborating with a company known
for its environmental harm.
  Alex runs a successful clothing brand known for its fair trade and
Case Study 2: ethically sourced materials. However, with increasing demand,
The Ethical Alex is pressured to cut costs by outsourcing production to a
factory in a developing country known for poor labor practices.
Sourcing This situation raises an ethical dilemma as Alex must decide
between preserving the brand's ethical reputation and meeting
Conundrum market demands.
  Sarah is the CEO of a tech startup that has developed a cutting-
Case Study 3: edge app with immense potential for personal data collection.
Privacy vs. While the app has the potential to generate substantial profits
through targeted advertising, it also collects user data that could
Profit in the compromise their privacy. Sarah faces an ethical dilemma as she
must choose between maximizing profits and safeguarding user
Tech Startup privacy.
  Javier co-founded a social impact startup that provides education
Case Study 4: resources to underserved communities. The startup's mission
Social Impact aligns with his values, but securing funding has proven difficult.
Javier receives a funding offer from a venture capital firm known
Startup's for its focus on high returns. However, the firm's demands could
shift the startup's focus away from its social impact goals. Javier
Funding must decide whether to accept the funding and potentially
compromise the startup's mission or seek alternative sources of
Challenge funding.