GROUP 5

Jayme, Nathaniel
Factor, Orland Son
Calesterio, Wyeth Jullan
ETHICS, ROLES, AND
RESPONSIBILITIES OF
AN ENTREPRENEUR
PRESENTED BY NATHANIEL JAYME |
MARCH 21, 2024
 ETHICS, ROLES AND RESPONSIBILITIES OF AN ENTREPRENEUR
TECHNOPRENEURSHIP 101

What is ETHICS?

Ethics is defined as a moral

philosophy or code of morals
practiced by a person or group of
people such as code of conduct set by
a business.

PRESENTED BY NATHANIEL JAYME |

 ETHICS, ROLES AND RESPONSIBILITIES OF AN ENTREPRENEUR
TECHNOPRENEURSHIP 101

What is ETHICS?
Ethics includes the decisions, choices, and
behavior that people believe to be worthwhile
and important in their lives.

Also, the entrepreneur is crucial to the

maintenance and sustainability of the
economy from the grassroots to the national
level.

PRESENTED BY NATHANIEL JAYME |

 ETHICS, ROLES AND RESPONSIBILITIES OF AN ENTREPRENEUR
TECHNOPRENEURSHIP 101

Concern of
Fairness
Others

Law Abiding
LOYAL
Citizen

Reputable
Honest & High
Morale

Truthful Ethics Accountable

Ethical Standards
PRESENTED BY NATHANIEL JAYME |
ETHICS, ROLES AND RESPONSIBILITIES OF AN ENTREPRENEUR
TECHNOPRENEURSHIP 101

Business Ethics
 HONESTY honest & truthful
 INTEGRITY doing what you think is right
 LOYALTY worthy of trust
 FAIRNESS equal treatment
 CONCERN OF OTHERS respect for human rights
 LAW ABIDING CITIZEN
conscious of the responsibilities and opportunities of their
position
 REPUTATION AND MORALE
prevent inappropriate conduct to others
 ACCOUNTABILITY acknowledge and accept personal
accountability
PRESENTED for| the ethical quality of their decisions
BY NATHANIEL JAYME
 ETHICS, ROLES AND RESPONSIBILITIES OF AN ENTREPRENEUR
TECHNOPRENEURSHIP 101

Ethical Norms &

Behavior
 Moral Virtue and good character
 Ethical Challenges
 Application of ethical principles and virtues
 Application of ethical principles and values
 Positive results of ethical practice
 Creating ethical standards for the enterprise
 Suggested coverage of a code of ethics
PRESENTED BY NATHANIEL JAYME |
 ETHICS, ROLES AND RESPONSIBILITIES OF AN ENTREPRENEUR
TECHNOPRENEURSHIP 101

Ethical Norms &

Behavior
 Moral Virtue and good character
To act effectively

 Ethical Challenges
Distractions surrounding the entrepreneur
increase the risk of making wrong choices

PRESENTED BY NATHANIEL JAYME |

 ETHICS, ROLES AND RESPONSIBILITIES OF AN ENTREPRENEUR
TECHNOPRENEURSHIP 101

Ethical Norms &

Behavior
 Application of ethical principles and virtues
 Technical competence
 Search for new improved way of works
 Completes responsibility
 Respect for the needs of those around him
 Fair pricing

PRESENTED BY NATHANIEL JAYME |

 ETHICS, ROLES AND RESPONSIBILITIES OF AN ENTREPRENEUR
TECHNOPRENEURSHIP 101
Application Of Ethical
Principles And Virtues
 FAIR PRICING
 REWARDS FOR GOOD ACTION
 CORRECTION FOR THOSE DOING WRONG
 SOUND FINANCIAL MANAGEMENT
 EFFICIENT RIGOROUS BUSINESS MONITORING AND
REPORTING
 SHARING FINANCIAL ISSUES
 SOCIAL RESPONSIBILITY
 ENVIRONMENTAL AWARENESS
POSITIVE RESULTS
The practice of ethics within and outside
the company projects the reputation
of the entrepreneur as a good business partner.
PRESENTED BY NATHANIEL JAYME |
 ETHICS, ROLES AND RESPONSIBILITIES OF AN ENTREPRENEUR

Creating Ethical Standards

TECHNOPRENEURSHIP 101

for the Enterprise

1. Identify the general principles that would lead the enterprise to fair business practices.

2. Check with pertinent government agencies, industry associations, and business

chambers for the ethical standards to review and use as pattern.

3. Allow for the fact that ethical questions do not always have a unique, perfect answer.

4. Write out specific statement that will assist everyone, including the entrepreneur, and
all stakeholders, in making day-to-day ethical decisions.

5. Meet with groups of stakeholders according to interest, role, or

function and present the draft of the Code of Ethics.

PRESENTED BY NATHANIEL JAYME |

 ETHICS, ROLES AND RESPONSIBILITIES OF AN ENTREPRENEUR

Creating Ethical Standards

TECHNOPRENEURSHIP 101

for the Enterprise

6. Ask for opinions, suggestions, and recommendations for improvement from the stakeholders.

7. Making a final draft of the Code of Ethics taking into consideration all the gathered
suggestions and recommendations.

8. Apply the accepted Code of Ethics throughout the enterprise through written policies and
procedures.

9. Train everyone involved to make ethical decisions.

PRESENTED BY NATHANIEL JAYME |

 ETHICS, ROLES AND RESPONSIBILITIES OF AN ENTREPRENEUR

Suggested Coverage of
TECHNOPRENEURSHIP 101

Code of Ethics
1. Environment-friendly business practices
2. Supporting advertising premises
3. Telling customers the truth
4. Insurance coverage adequate to protect the business and
employees
5. Handling cash and checks from customer
6. Special prices for selected persons
7. Accepting gifts from suppliers and business associates
8. Selling damaged merchandise
9. Warranties on products
10. Merchandise-return policies for costumers
PRESENTED BY NATHANIEL JAYME |
 ETHICS, ROLES AND RESPONSIBILITIES OF AN ENTREPRENEUR
TECHNOPRENEURSHIP 101

Roles of an Entrepreneur

A role is a set of connected behaviors,

rights, obligations, beliefs, and norms as
a conceptualized by people in a social
situation.

PRESENTED BY NATHANIEL JAYME |

 ETHICS, ROLES AND RESPONSIBILITIES OF AN ENTREPRENEUR
TECHNOPRENEURSHIP 101

Roles of an Entrepreneur

 VISION ROLE
 IMPLEMENTATION ROLE
Chief Customer Officer
Chief Financial Officer
Chief People Officer
Chief Executive Officer
Chief Innovation Officer
 COUNSELING ROLE
 EVALUATOR ROLE

PRESENTED BY NATHANIEL JAYME |

 ETHICS, ROLES AND RESPONSIBILITIES OF AN ENTREPRENEUR
TECHNOPRENEURSHIP 101

Role of Vision in Business Motivation

VISION • Overall guiding star

ROLE • Provides motivation for strategy

• Provides basis for medium-term

MISSION tactics

• Provides motivation for day-to- day

GOAL activities

PRESENTED BY NATHANIEL JAYME |

 ETHICS, ROLES AND RESPONSIBILITIES OF AN ENTREPRENEUR
TECHNOPRENEURSHIP 101

Innovation Manager must know how to:

LEAD

STRATEGIZE EXECUTE

PRESENTED BY NATHANIEL JAYME |

 ETHICS, ROLES AND RESPONSIBILITIES OF AN ENTREPRENEUR
TECHNOPRENEURSHIP 101
Characteristic Traits of an
Innovation Manager

 AN INNOVATION MANAGER embraces RISKS.

 AN INNOVATION MANAGER is PATIENT.

 AN INNOVATION MANAGER pitches IDEAS.

 AN INNOVATION MANAGER is PASSIONATE.

PRESENTED BY NATHANIEL JAYME |

 ETHICS, ROLES AND RESPONSIBILITIES OF AN ENTREPRENEUR
TECHNOPRENEURSHIP 101

Purpose of Counseling
Role
To help clients achieve their
personal goal and gain greater
insights into their lives.

PRESENTED BY NATHANIEL JAYME |

 ETHICS, ROLES AND RESPONSIBILITIES OF AN ENTREPRENEUR
TECHNOPRENEURSHIP 101

Purpose of Evaluator Role

To help entrepreneur’s performance

appraisal and metrics to maintain
quality and effectiveness of his
enterprise.

PRESENTED BY NATHANIEL JAYME |

 ETHICS, ROLES AND RESPONSIBILITIES OF AN ENTREPRENEUR
TECHNOPRENEURSHIP 101
What Does
Responsibility Mean?

The state or fact having a duty to

deal with something or of having
control over someone

PRESENTED BY NATHANIEL JAYME |

 ETHICS, ROLES AND RESPONSIBILITIES OF AN ENTREPRENEUR
TECHNOPRENEURSHIP 101
Responsibilities of a
Business Owner
 Innovation
 Assumption of Risk
 Research
 Management
 Overcoming resistance to change
 Catalyzing economic development

PRESENTED BY NATHANIEL JAYME |

GLOBALIZATION
What is
Globalization?
-is a term used to describe the increasing
interconnectedness, interdependence, and
integration of economies, societies, cultures, and
governance structures across the world.

-It is driven by advancements in technology,

communication, transportation, and trade, which
have enabled goods, services, capital,
information, ideas, and people to move more
freely and rapidly across borders.
How can we
relate it in
Technopreneur?
Globalization has had a significant impact
on technopreneurship, which refers to
entrepreneurship within the technology
sector.
Several ways in which
globalization relates to
technopreneurship:

-Access to Global Markets

-Global Talent Pool

-International Collaboration

-Outsourcing and Offshoring

-Cross-Cultural Understanding

-Regulatory and Legal Considerations

-Emerging Markets Opportunity

 Access to
Global
Markets
Globalization has opened up vast
opportunities for technopreneurs to
access global markets. With
advancements in technology and
communication, it's easier than ever for
technopreneurs to reach customers
worldwide.
TRIVIA
In 2022, the United States had the largest economy in the world, with a
gross domestic product of just under 25.5 trillion U.S. dollars.
Global Talent
Pool
Globalization has facilitated the
movement of talent across
borders. Technopreneurs can tap
into a diverse pool of skilled
professionals from around the
world to build their teams.
TRIVIA
Switzerland tops the list of countries with the most skilled workers.

Many skilled workers can choose where they live, often opting for countries with a
higher quality of life.

Switzerland enjoys very low crime rates, clean cities, minimal homeless populations,
clean air and beautiful landscapes.
International
Collaboration
Technopreneurs often collaborate with
partners, suppliers, and investors from
different parts of the world.
Globalization fosters partnerships and
collaborations across borders, enabling
technopreneurs to leverage
complementary strengths, share
resources, and accelerate innovation.
TRIVIA
What is the largest fast-food chain in the world by the number of
location?
Subway
Outsourcing and
Offshoring
Technopreneurs may leverage
global supply chains and
outsourcing services to access cost-
effective resources, such as
software development, customer
support, and manufacturing, which
can help them stay competitive in
the global market.
 Cross-Cultural
Understanding
As technopreneurs engage with customers,
partners, and stakeholders from diverse
cultural backgrounds, they must develop
cross-cultural competence. Understanding
cultural nuances and preferences is essential
for effectively serving global markets and
building successful international ventures.
TRIVIA
What is the traditional way to greet someone in India?
Namaste.
Regulatory and
Legal
Considerations

Globalization introduces
technopreneurs to a complex
landscape of international
regulations, intellectual
property laws, and trade
policies.
Emerging
Markets
Opportunity

Globalization has brought attention to

emerging markets with a growing demand
for technology products and services.
Technopreneurs can capitalize on these
opportunities by adapting their offerings to
meet the needs of diverse global markets and
by addressing unique challenges and
constraints present in these regions.
 INNOVATION AS A
MANAGEMENT PROCESS
What is
Innovation?
Innovation involves the
development and implementation of
new ideas, products, processes, or
services that bring about positive
change and address existing
challenges or needs in unique and
creative ways.
The Role of
Innovation
 Innovation is the cornerstone of
technopreneurship.
 Resource Constraints:
 Product Innovation, process, business model
innovation
 Importance:
 Drives competitiveness, fosters growth,
enables differentiation in the market.
Innovation
Culture
 Importance of a Culture of Innovation:
 Encourages creativity, risk-taking, and
experimentation.
 Building Blocks of an Innovative Culture:
 Leadership support, open
communication, tolerance for failure,
recognition of innovative efforts.
 Examples of companies with strong
innovation cultures (e.g., Google, Apple,
Tesla).
What is
management?
Management encompasses the functions of
planning (setting goals and objectives),
organizing (structuring tasks and resources),
leading (motivating and guiding employees), and
controlling (monitoring performance and making
adjustments) to ensure the smooth operation and
success of an organization.
What is Innovation
management?

Technopreneurs often collaborate with

partners, suppliers, and investors from
different parts of the world. Globalization
fosters partnerships and collaborations
across borders, enabling technopreneurs to
leverage complementary strengths, share
resources, and accelerate innovation.
 Tools and Techniques for
Innovation Management
 Idea Management Platforms:
 Software tools for idea collection, evaluation, and
implementation tracking.
 Design Thinking:
 Human-centered approach to problem-solving and
innovation.
 Agile Methodology:
 Iterative and flexible project management
approach suited for innovation projects.
 Open Innovation:
 Collaborative innovation involving external
partners, customers, and suppliers.
Challenges and
Considerations
 Resource Constraints:
 Limited budget, talent shortage, infrastructure
limitations.
 Risk Management:
 Balancing innovation with the need for
stability and risk mitigation.
 Intellectual Property Protection:
 Safeguarding innovations through patents,
copyrights, and trade secrets.
 Market Dynamics:
 Responding to changing market trends and
customer needs.
END OF PRESENTATION