The role of entrepreneur ethics and social responsibility

• Entrepreneur: an individual who sets up a business or businesses, taking on financial risks in the hope of profit and increase the growth of the economy
• Business ethics: the standers and principle used by society to define appropriate and inappropriate conducts in the workplace
• Social responsibility: an ethical theory in which a business should consider the impact of its actions on society
• The role of ethics and social responsibility in business:

  1. Promote public confidence in corporate America
  2. Faster business ethic
  3. Encourage socially responsible behavior
  4. Push for diversity in workplace
  5. Enhance reputation and drive profit
• State some examples of social responsibility:

  1. Reduction carbon footprint
  2. Improving labor policy
  3. Diversity, equity and inclusion
  4. volunteering
  5. charity programs