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Lecture # 6

Entrepreneurship and Business

Development

Textbook / Chapter 2
Ethics and Social Responsibility: Doing
the Right Thing
 An Ethical Framework

Entrepreneurs must develop an ethical framework to guide

them and the organization in making decisions.
Step 1: Identify the personal moral and ethical principles
that shape all business decisions. (Community
influence)
Step 2: Recognize the ethical dimensions involved in the
dilemma or decision (the expected impact).
Step 3: Identify the key stakeholders involved and
determine how the decision will affect them (Triple
bottom line “Profit, people, and planet”).
Step 4:Generate alternative choices and distinguish
between ethical and unethical responses (Asking and
answering questions).
Step 5:Choose the “best” ethical response and 2
 Why Ethical Lapses Occur

An unethical employee “bad apples”

An unethical organizational culture “bad barrel”, environment
and situation influence.
Moral blindness “Blind to the implications of their conduct” i.e, I
don’t get paid to be ethical; I get paid to produce results.
Competitive pressures “unacceptable options become acceptable”
Opportunity pressures “some people cannot resist the temptation”
Globalization of business “illegal actions in a country may be
acceptable in others”

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 Please have a look at the followings

Establishing Ethical Standards

Maintaining Ethical Standards

Not included in the exams

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 Social Entrepreneurship

Growing trend to create social value

Tackles challenging problems:
– Pollution
– Habitat destruction
– Human rights
– AIDS
– Hunger
– Poverty
– others

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 Social Entrepreneurship

1. SE seek solutions for social problems that are met by

neither the market nor government.
2. Creating social benefit rather than commercial success
motivates social entrepreneurs.
3. Social entrepreneurs tackle social problems by taking full
advantage of natural market forces.

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 Social Enterprise - Gaza Gateway

GGateway
Is a social enterprise that has hybrid business model aiming
to build ICT graduates capacity to employ them in our
outsourcing projects.

Offers temporary employments and capacity building

trainings to IT graduates, and hosts a fully equipped
freelance platform (GHub) for the local self-starters.

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 Gaza Gateway

Social Mission:
To reduce high unemployment rate among IT graduates in
Gaza by mobilizing donors’ fund to improve employability
through capacity building program.