Responsibilities and

Accountabilities of
Entrepreneurs
 OBJECTIVES:
 K: Identify the responsibility and accountability of
entrepreneurs to employees, government, creditors,
suppliers, and stakeholders;

 S: Discuss the responsibilities and accountabilities of

entrepreneurs to employees, government, creditors, and
suppliers, and stakeholders; and

 A: Appreciate the importance of the responsibilities of

entrepreneurs to employees, government, creditors,
suppliers, and stakeholders
 Put yourself in a work place either you are a housekeeper
in a beach resort, a service crew in a fast-food chain or any
work you have known. Write your responsibilities as an
employee and the responsibilities of the employer.

EMPLOYEE EMPLOYER
Empathy

Humility

Curiosity

Servant Leadership

Passion
 Definition of Terms

Entrepreneurship Entrepreneur
Entrepreneurship is the process of identifying
opportunities in the marketplace organizing the An entrepreneur is one who organizes, manages
resources required to pursue these and assumes the risk of an enterprise.
opportunities and investing the resources to
exploit the opportunities of long-term gain.
What is Responsibility?
 The obligation to complete a task.
 Can be shared among a team.
 Task-focused
 Can be delegated

What is Accountability?
 The duty to ensure a task is completed.
 Assigned to just one person
 Result-focused
 Cannot be delegated
What is Responsibility?

 pertains to duties that can be shared in a team towards

achieving a specific goal and completing tasks.
 It answers who has that role completing the task, what it
demands, and the actions to be taken to be able to get
done successfully.
 It focuses more on performing a certain task.
 assigned only to one person that reports events, tasks, and
experiences
 It is the person’s response in taking ownership of the result of a
task. Usually, it happens after the situation occurs. The one
accountable catches the ball of consequence for not reaching
desired results.

What is
Accountability?
What is Responsibility?
 responsibility refers to someone's duty to
carry out a task to completion,
accountability generally refers to what
happens after something has happened.

What is Accountability?
 concerned with the consequences of someone's
actions, rather than their initial duty to carry
these actions out.
RESPONSIBILITIES
AND
ACCOUNTABILITIE
S TO THE
EMPLOYEES
 Responsibilities and Accountabilities of
Entrepreneurs to EMPLOYEES

01 02 03 04 05
Facilitate Employees’ Support
Pay Wages/ Salaries Assignment Create and Maintain an Compensation Career
and Taxes of Right Jobs Ergonomic Workplace Insurance Development
 Responsibilities and Accountabilities of
Entrepreneurs to EMPLOYEES

06 07 08 09 10
Enforce Anti- Respect Human Give rewards and Give security
Train and Educate
Discrimination Rights Benefits of Employment
Employees
Law
RESPONSIBILITIES
AND
ACCOUNTABILITIES
TO THE
GOVERNMENT
 RESPONSIBILITIES AND
ACCOUNTABILITIES TO THE
GOVERNMENT
03
01 05
Follow
Observe Laws, 02 Environmenta 04 Avoid
Rules, and l Regulations Restrictive
Regulations Pay Taxes Abide by Trade Practices
Labor Laws
 RESPONSIBILITIES AND
ACCOUNTABILITIES TO THE
GOVERNMENT
08
06 10
Assist in
Disclose 07 implementing 09 Advise the
Financial Socio-Economic government
Statements Avoid Policies Help earn
Corruption foreign
exchange
 RESPONSIBILITIES AND
ACCOUNTABILITIES TO THE
GOVERNMENT

11 13
Contribute to
Complete and Prompt 12 Political
Government Contracts
Stability
Contribute to
Government
Treasury
RESPONSIBILITI
ES AND
ACCOUNTABILI
TIES TO THE
CREDITORS
 RESPONSIBILITIES
AND
ACCOUNTABILITIES
TO THE CREDITORS
1.Follow Business Ethics
2.Regular payment of Installment
and Interest
3.Proper Utilization of Debt Capital
RESPONSIBILITI
ES AND
ACCOUNTABILI
TIES TO THE
SUPPLIERS
Suppliers 1. Pay Fair Prices of Goods

2. Pay in Reasonable Time

3. Motivate Indigenous Supplies

4. Select suppliers with

discernment

5. Open communication
 RESPONSIBILITIES
AND
ACCOUNTABILITIES
TO THE CONSUMERS
 RESPONSIBILITIES AND ACCOUNTABILITIES TO
THE CONSUMERS

1. Ensure Quality of
4. Be Fair with Prices
Products and Services

2. Ensure Consumer’s 5. Be Honest in

Health and Safety Advertising and Marketing

3. Provide Free Training 6. Be Honest in Dealing

 RESPONSIBILITIES AND ACCOUNTABILITIES TO
THE CONSUMERS

7. Attend to Complaints 10. Treat Customers Well

8. Service Even After Sales 11. Ensure Regular Supply

12. Increasing customer

9. Respect Customer’s Time satisfaction through research
and development
 RESPONSIBILITIES AND
ACCOUNTABILITIES TO THE
SOCIETY AND LOCAL COMMUNITY

01 02 03 04
Encourage Healthy Save Local Help activities Improve the
Competition Environment of Public standard of
from Pollution utilities living
 RESPONSIBILITIES AND
ACCOUNTABILITIES TO THE
ENVIRONMENT
Compliance with the Environmental Legislations and
Policies
Incorporate Environmental Policies into your Business
Proper Disposal of Waste
Report Incidents
1.Entrepreneurs must also make employees
aware of areas in their business that have a
high risk for injury and train their employees in
safety procedures to minimize the risk of injury.

2. Business operations are interrelated with a

wide range of people and societies throughout
the world. They should implement and enforce a
code of conduct that fosters respect for human
rights.
3. Provide a human resources development
system like the ones that supports the careers of
employees, a self-development support program,
and transfer opportunities for willing employees.

4. Acquisition of new knowledge and skills through

the professional and personal development of
employees is a prerequisite and a guarantee of
business success.
5. "What gets measured gets done" is an
expression you will often hear when talking about
performance management and the simple meaning
behind this statement is the key to our philosophy of
rewarding and managing performance.

6. Reward employees fairly and attractively, in line

with the prevailing conditions on the local market.
Gather data from the labor market on a regular
basis. Ensuring that reward structures remain
competitive.
7. Entrepreneurs have the responsibility to pay their employees
of their business at least the minimum hourly wage in their
locality and to pay each employee money owed from working
per pay period, including overtime, sick leave and vacation
wages.

8. When injuries occur though not the fault of their employees,

it's their responsibility to file a claim with their workers'
compensation insurance provider. Businesses must treat their
injured employee with respect and file the claim without
attempting to cause a delay in processing or attempt to deter
the worker from filing a claim at all.
9. They are very important in every business.
They supply raw materials, machinery, labor
and other materials.

10. The general acceptance of customers or

consumers is always right
Direction: Identify the word described in the following.

1. ____________ answers who has that role in completing the task,

what it demands, and the actions to be taken to be able to get done
successfully.
2. _______________ is the person’s respond in taking ownership of
the result of a task.
3. Disclosing financial statement is responsibility of employer to
____________.
4. Giving rewards and benefits is one of the responsibilities of
entrepreneur to __________________.
5. If a company is implementing and enforcing a code of conduct, it
respects ___________ rights of every employee.
Thanks
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