This website uses cookies to ensure you have the best experience. Learn more

Business Ethics And Entrepreneurship Essay

676 words - 3 pages

Business Ethics and EntrepreneurshipAbstractWhen thinking of starting a small business there are multiple things that must be considered. Is a business plan needed, and if so why? How will one finance this business and what are the legal issue's that could come up? If this is to be a family run business what problems could the married couple face? In this paper I will explore each of these questions and provide detailed answers.A business plan defines your business, identifies your goals, and serves as your company's resume. (http://www.sba.gov/starting_business/planning/basic.html) A business plan is crucial to any new business and will help with management of operation and finances, promotion and marketing of the business and achievement of goals and objectives. (http://www.sba.gov/starting_business/planning/basic.html) Without a well written business plan it will be difficult to get financing for a startup business.Depending on the type of business, there are many finance options for small businesses. Although Venture capital financers prefer to put their money into high technology firms that are already established, they do put a small amount of their funds into small start-up businesses. Private market angel financing on the other hand provide money for start-up companies that are too small to qualify for bank loans, venture capital, or public offerings but also prefer high technology firms. (http://sbir.gsfc.nasa.gov/SBIR/Financing.htm#alternate) If the company is not a high technology firm it will be hard to receive venture capital or private market angel financing. The least expensive way for a small business to receive financing is through a commercial bank. Many community banks will give loans at only one to two points above the prime for small business loans. (http://sbir.gsfc.nasa.gov/SBIR/Financing.htm#alternate) The disadvantage of a commercial bank loan is the bank usually holds the owners personal property for security.Small business owners face many legal issues. For example, how will the company be structured? Sole proprietorship (owner is the business all profits and losses to directly to the owner), partnership (two or more people who act as co-owners of the business), corporation (separate entity formed by filing Articles of Incorporation with your Secretary of State) or a franchise (the right to own and operate this business is provided by the...

Find Another Essay On Business Ethics and Entrepreneurship

Ethics and Business Analysis

1252 words - 5 pages . As someone who is looked upon as a communicator, mediator, and problem solver, a successful business analyst must work for the greater good of the company. This is the essence of a good business analyst’s moral code—always thinking what will be in the best interest of my client? How can I best meet their request in the short and the long run? The market should be able to select for analysts who adhere to this code. Businesses will recommend their

Business Ethics and Deontology Essay

1587 words - 6 pages Ethics 501 Business EthicsAdam JesseeModule 1 - Case AssignmentBusiness Ethics and DeontologyFor the Module 1 Case Assignment we are asked to briefly describe the Adelphia Communications scandal and drawing upon deontological ethics, discuss how Adelphia Communications' executives violated the trust of the company's shareholders and the trust of that of the larger public. We first need to look at deontological ethics and how the philosophy of

Business Ethics and Deontology

1587 words - 6 pages Ethics 501 Business EthicsAdam JesseeModule 1 - Case AssignmentBusiness Ethics and DeontologyFor the Module 1 Case Assignment we are asked to briefly describe the Adelphia Communications scandal and drawing upon deontological ethics, discuss how Adelphia Communications' executives violated the trust of the company's shareholders and the trust of that of the larger public. We first need to look at deontological ethics and how the philosophy of

Business Ethics and Deontology

1587 words - 6 pages Ethics 501 Business EthicsAdam JesseeModule 1 - Case AssignmentBusiness Ethics and DeontologyFor the Module 1 Case Assignment we are asked to briefly describe the Adelphia Communications scandal and drawing upon deontological ethics, discuss how Adelphia Communications' executives violated the trust of the company's shareholders and the trust of that of the larger public. We first need to look at deontological ethics and how the philosophy of

Business Ethics and Kant

1821 words - 8 pages Introduction The purpose of this paper is to discuss how Adelphia Communications’ leadership, particularly the Rigas family, violated the trust of the public and its investors through unethical and illegal business practices. First, a synopsis of the Adelphia scandal will be presented. Next, a brief overview of ethics and how they apply to maintaining good business and public trust will be discussed. Following the ethics overview, an outline of

Business and Ethics

4838 words - 19 pages directly responsible and at the same time, there are cases where employees are acting unethically without the executives knowing. Neither title of executive or employee are always morally perfect. Therefore, when a company has acted irresponsibly, its employees must be held liable in a proportionate amount. As for the future of ethics in business I would speculate that if employees started to think more in long term benefits and profits, many of the

internet Privacy and business ethics

2637 words - 11 pages "We, who have a private life and hold it infinitely the dearest of our possessions...." (1)INTRODUCTIONAn important part of the ethics of business is computer ethics (CE) or information ethics. According to Luciano Floridi (2) the urgency of computer ethics has not yet been raised to the status of a philosophically respectable topic. Most philosophers view computer ethics as a "professional ethic" rather than a true ethics issue.The purpose of

Business Ethics and Value Systems- Ethics in Corporate America

2625 words - 11 pages Ethics in Corporate AmericaBusiness Ethics and Value SystemsWinter 2002What turns a "fired up" professional into a "burned out" employee? If you ask a young engineer what is the role of engineering, you'll get an answer like "improving people's lives by solving real world problems." If you ask that same engineer the same question after they've been on the job for about fifteen years, you'll get a more mature perspective: "improving the company's

Alahmad and Murphy on Business Ethics

1049 words - 4 pages The first two journal articles that were compared and contrasted were Ala Alahmad’s 2010 article on To Be Ethical or Not to Be: An International Code of Ethics for Leadership and Patrick Murphy’s 2009 article on The Relevance of Responsibility to Ethical Business Decisions. Some key findings of Alahmad’s writings were that ethics and leadership were closely tied together; they were found to be derivatives of one another. He mentioned that

Code of Business Conduct and Ethics

3768 words - 15 pages Code of Business Conduct and Ethics Introduction The TSYS Code of Business Conduct and Ethics (the "Code") covers a wide range of business practices and procedures. While it does not cover every issue that may arise, this Code outlines basic principles to guide all employees and officers of the Company and its majority-owned subsidiaries ("team members"). In addition, all members of the Company's Board of Directors and

Business and the Notion of Ethics

1214 words - 5 pages the notion of ethics has been around for generations, it has been seen in religion and philosophy. Although it has only been in the last few decades that the business world has adopted this principle of doing the right thing, not just doing what will lead to most profits. The concept of ethics encompasses a ‘systematic’ process of considering the ‘moral consequences’ of ones actions, as stated by (text book). However there isn’t a succinct

Similar Essays

Virtue Ethics And Business Ethics Essay

2835 words - 11 pages Virtue Ethics and Business Ethics When considering Aristotelian ethics and then placing them in the context of modern business practices, it is important to note that the Greek paradigm was very different to that of our own in the modernist age. Homer’s Greek myths, imminent wars and conflicts and empires were all important issues in Greek times, society however does not place such emphasis on these in today’s society

Business Ethics And Leadership Essay

1032 words - 5 pages Question 1 Business ethics can be defined as written or unwritten codes of principles or values that govern decisions and actions within an organisation [1] Business ethics is talked about in terms of ethical conduct of the total business as well as each employee individually and within its community or society. [2] *Business ethics is a system of moral principles applied in a commercial world, it is knowing between right and wrong and of

Ethics And Business Essay

1905 words - 8 pages The world of business is the world of contradiction, and thus you can find in this world success and failure, dishonesty and honesty, loyalty and treason and so on. In business there are two main styles, capitalism and socialism. Admittedly, they have a great influence on the employees, managers and owners behavior. Nowadays, business ethics has become a significant subject all over the world. In fact, this not only because of the importance of

Business Ethics And Integrity Essay

844 words - 3 pages Ethical PaperBusiness ethics and integrity are becoming more effectively in the modern business world. However, both ethics and integrity are acted in the most important roles in the business world. For example, if you want to become successful businessman or you want to stand your high position in the business world, and then you must to fully understand that what is meaning of both ethics and integrity, and how to use those things efficiently