BUSINESS ETHICS

According to an Irish economist,

The Richard Cantillon. It is defined as a person ho
Entrepreneur takes the risk for a
new Business Venture and accepts
full responsibility for its outcome.
According to Jean-Baptiste in 1800
says, an entrepreneur is a person
who undertakes an enterprise,
specifically, a contractor who acts
as an intermediary between
capital and labor.
CHARACTERISTICS
OF AN ENTREPRENEUR
LEADERSHIP

A person who possesses leadership inspires confidence and

trust from his employees and customers.

A leader knows how handle a team in an ethical manner.

VISIONARY

He must possess a clear and concise vision for the purpose

and direction of his business organization.

A visionary leader knows to craft a well though out plan to

carry out the vision.
DECISIVE

An entrepreneur may not be endowed with instinct but must

possess the ability to make educated decisions.

He must be able to get as much wise input and counsel and be

ready to make new decisions based on additional information.
Humility is a virtue for a good decision-making.
ADAPTABLE & FLEXIBLE

An entrepreneur must be able to adapt and adjust the

changes in the marketplace, products and trends, technology
and marketing strategies.
POSSESSES
INTEGRITY

As an entrepreneur and leader, it is important that one has

“palabra de honor” (word of honor). “Keep your word!”
APPRECIATIVE

Be openly generous with praise when employees or whoever

subordinate does good or perform ell. It entails no monetary
price but a reward that can boost one’s morale and inspire to
perform better.
 HONEST & FAIR-MINDED

Leaders must always maintain objective decisions and fair treatment

on subordinates because dishonest and biased behavior are easily
noticed even hen they are done in the most subtle ways.
To maintain successful teams, playing favorites is extremely
discouraged and instead allow everyone to do his fair share and excel
in their own ways.