What are the sources of entrepreneurial dilemma :ethical dilemma is a complex situation that often involves an apparent mental conflict between moral imperatives, in which to obey one would result in transgressing another.
1-Pressure from inside and outside interests :inner conflict
2- Changes in societal values, mores and norms
Ethical Code of Conduct: is a statement of ethical practices or guidelines to which an enterprise adheres.
Discuss the Organizational barriers that invite unethical behaviors:
- Systems: people tend to resist the system and do it there way
- Structures: the structure of company may not please all which occurs unethical behavior to disrupt it .
- Policies and Procedures: not all follow policies and procedures which occure unethical behaviors by staff
- Culture: as example arabs like to have big breakfasts at office which disrupt work flow and is considered unethical behavior
- Strategic direction: maybe faced by resistance by some employees as it may not meet there personal vision and mission
- People: not all people are equal or share same values in workplace which generates unethical behavior
How can Organizations Promote ethical employee behavior?
- Providing flexibility, innovation and support of initiative and risk taking / creating that comfortable environment to try new idea and propositions
- Removing barriers from entrepreneurial middle managers / giving freedom and avoiding full control
- Including an ethical components to corporate training , making it fair for all
List 5 Important practices for establishing an innovation-driven organization
- Set explicit goals / tangible and possible to reach
- Create a system of feedback and positive reinforcement/ improves the work
- Emphasize individual responsibility / giving freedom of being own responsible of outcomes
- Provide rewards based on results / motivates employees to work harder
- Do not punish failures / it demotivates employees and effects workflow
Benefits of an Entrepreneurial Philosophy
- Creates workforce that can help the enterprise maintain its competitive posture
- Promotes a climate conductive to high achievers and helps the enterprise motivate and keep its best people
- Leads to the development of new products and services and helps the organization expand and grow.
Need for Corporate Entrepreneuring
- International Competition
- Downsizing of major corporations
- Rapid Growth in the number of new sophisticated competition
- Sense of distrust in the traditional methods of corporate management
- An Exodus of some of the best and brightest people from corporations to become small business entrepreneurs
- Overall desire to improve efficiency and productivity