Responsibilities and Accountabilities

• Responsibilities of Employees


  • Train Employees
  • Provide Insurance and Benefits
  • Respect Human Rights
  • Pay Wages
• Training employees


  Directly impacts the business by giving workers better understanding of responsibilities and knowledge/skills to do their jobs better
• Training


  • Leadership Training
• Mandatory employee benefits


  • 13th-month pay
  • Holiday pay
  • Contributions to Social Security System (SSS)
  • Contributions to Philippine Health Insurance Corporation (PhilHealth)
• Reason for mandatory benefits is RA 1161 or An Act to create a social security system providing sickness, unemployment retirement, disability and death benefit for employees
• 7 basic rights of workers under Section 3 Article XIII

  • Right to self-organization
  • Right to collective bargaining and negotiations
  • Peaceful concerted activities
  • The right to strike in accordance with law
  • Security of tenure
  • Humane conditions of work
  • A living wage
• Entrepreneurs have a responsibility to pay wages to employees
• Responsibilities of Entrepreneurs to the Government

  • Paying Taxes
  • Abide by labor laws
  • Follow environmental regulations
• Paying taxes


  Accurately reporting business income, filing tax returns, and fulfilling tax obligations to contribute to government revenue for public services, infrastructure, and social welfare
• Abiding by labor laws

  Providing fair wages, protecting employee rights, and ensuring fair and equitable treatment
• Labor law example


  • Providing bonus for employees who work overtime
• Following environmental regulations


  Minimizing negative environmental impact, properly disposing of hazardous materials
• Responsibilities of Entrepreneurs to Creditors

  • Giving correct information
  • Providing fair return on investment
• Providing correct information to creditors


  Sharing financial statements, business performance reports, and other relevant information to build trust
• Providing fair return on investment to creditors

  Using funds effectively, making timely repayments, and honoring agreed-upon interest rates or profit-sharing arrangements
• Responsibilities of Entrepreneurs to Consumers

  • Ensure quality of products and services
  • Be fair with prices
  • Ensure consumers health and safety
  • Attend to complaints
  • Be honest in dealings
  • Treat customers well
  • Be honest in advertising and marketing
• Ensuring quality of products and services

  Providing high quality products and services to meet or exceed consumer expectations
• Being fair with prices


  Setting prices that are fair and reasonable to build customer trust
• Ensuring consumer health and safety

  Prioritizing the health and safety of consumers by providing safe and reliable products and services
• Attending to consumer complaints

  Addressing consumer complaints and taking necessary actions to resolve issues and improve customer satisfaction
• Being honest in dealings


  Conducting business with honesty, integrity, and providing accurate information while avoiding deceptive practices
• Treating customers well


  Treating customers with respect and professionalism to build positive relationships and loyalty
• Being honest in advertising and marketing

  Ensuring advertising and marketing practices are truthful, transparent, and comply with relevant regulations
• Responsibilities of Entrepreneurs to Suppliers

  • Practice fair pricing and licensing
  • Maintain stability and confidentiality
  • Pay on time
  • Select suppliers with discernment
• Practicing fair pricing and licensing with suppliers

  Offering fair prices for goods and services and complying with business agreements
• Maintaining stability and confidentiality with suppliers


  Maintaining a stable business relationship and ensuring confidentiality of sensitive information
• Paying suppliers on time

  Honoring payment agreements and making timely payments for goods and services rendered
• Selecting suppliers with discernment


  Carefully selecting suppliers based on factors like quality, reliability, and ethical practices
• Being community-oriented


  Focusing on benefiting and engaging with the broader community beyond just the business, supporting local initiatives and being environmentally conscious
• Responsibilities of Entrepreneurs to the Environment

  • Comply with environmental legislation
  • Conserve and protect biodiversity
  • Prevent damage to the environment
• Complying with environmental legislation


  Following environmental laws to protect the environment and maintain the business's reputation
• Conserving and protecting biodiversity

  Protecting biodiversity to keep the planet healthy and ensure enough resources for the future, avoiding harm to animal life and habitats
• Preventing damage to the environment benefits the business and the community
• Ethical issues in entrepreneurship

  • Basic fairness
  • Personnel and customer relations
  • Distribution dilemmas
  • Fraud
  • Unfair competition
  • Unfair communication
  • Non-respect of agreement
• Basic fairness


  Actions that center on protecting employee and customer rights, ensuring all business operations are fair and just
• Example of basic fairness


  • Not informing a business partner about a profitable deal due to disliking their personality
• Personnel and customer relations


  Maintaining professional relationships, acting in accordance with agreements, and maintaining the company's "clean" image
• Examples of personnel and customer relations issues

  • Employee compensation (salary)
  • Privacy
  • Confidentiality
  • Harassment
• Employee compensation


  Monetary payment given to an individual in exchange for their services, including salary/wages, commission, and incentives
• Privacy


  Respecting the boundaries between work life and personal life