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1. Business and Professional Ethics Journal: Volume > 26 > Issue: 1/4
Norman E. Bowie Introduction
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2. Business and Professional Ethics Journal: Volume > 26 > Issue: 1/4
Laura Dunham The Ethical Dimensions of Creative Market Action: A Framework for Identifying Issues and Implications of Entrepreneurial Ethics
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This paper proposes the importance of the ethics of entrepreneurship as a field of study. The paper argues that entrepreneurship is an ethical activity of pressing importance, as it significantly influences the sort of lives we will lead in the future. Furthermore, the distinctive nature of entrepreneurial action leads to a distinctive set of ethical problems and ethical obligations. To contribute to our understanding of entrepreneurial ethics and to help spur greater inquiry in the area, the paper offers a framework that begins to capture and organize the range of ethical issues and topics that arise in conjunction with what we term the “creative market action” of pioneering entrepreneurs. Framing entrepreneurship as a process of creative market action allows us to identify the unique ethicalcharacteristics of entrepreneurship and to take the first steps in identifying the distinctive research questions that demand our scholarly attention.
3. Business and Professional Ethics Journal: Volume > 26 > Issue: 1/4
Donald P. Robin A Symbiotic Link between Entrepreneurial Objectives and Ethics: The Issue of Trust Building
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This article focuses on the issue of finding and illustrating a common ground for discussions between those academics involved in the science of entrepreneurial behavior and those involved in the ethics of entrepreneurial behavior. Several articles appeared in the April 1994 Business Ethics Quarterly on the relationship between the science of business and business ethics. In one article by Weaver and Trevino (1994; 130–143), the authors proposed three possible relationships between the normative and empirical business ethics. The author of another article in that issue, Tom Donaldson (1994; 157–169), endorsed only one of the three relationships (165) offered by Weaver and Trevino and argued against the others. The relationship endorsed by Donaldson was called “symbiosis.” In doing so he recognized that both normative and empirical insights are necessary to business ethics. This article follows the combinedreasoning of these authors by describing a symbiotic relationship between the empirical and normative requirements of trust building for entrepreneurs.
4. Business and Professional Ethics Journal: Volume > 26 > Issue: 1/4
Michael D. Stouder, Scott L. Newbert Treating Stakeholders Fairly: The Golden Rule as a Moral Guiding Principle for Entrepreneurs
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Entrepreneurs have a unique opportunity to cultivate the moral direction and development of their organizations, precisely because those organizations are new. Towards this end, we suggest that the Golden Rule is a simple, practical heuristic for entrepreneurs seeking to establish a fair social contract with their stakeholders. Because justice is an important central moral criterion in organizations, we attempt to show theoretically that the Golden Rule passes critical tests of justice, as outlined in the work of John Rawls, and can also serve as a universally relevant hypernorm which have been argued to ground all social contracts. We introduce some important contextual findings from the entrepreneurship literature in order to ground our discussion and create realistic scenariosfor entrepreneurs and their stakeholders. In so doing, we present an important potential limitation of the Golden Rule in practice and suggest how entrepreneurs might reconcile it. Ultimately, we believe that if entrepreneurs were to reflect upon their particular situation, they would have good reasons to choose to employ the Golden Rule as a part of their overall strategy for moral and economic success.
5. Business and Professional Ethics Journal: Volume > 26 > Issue: 1/4
David Y. Choi, Edmund R. Gray Financial Management Practices of Socially Responsible Entrepreneurs
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This paper examines the business practices of socially responsible entrepreneurs with particular focus on activities that directly impact their companies’ finances. We collect case studies of 30 recognized socially responsible entrepreneurial firms from a wide range of industries. We analyze how and to what extent the entrepreneurs and their companies balance their profit objectives with their social or environmental goals. Our results indicate that the companies pursue profits in manners comparable to those of most conventional businesses. However, we learn that our companies make certain deliberate exceptionsin their business practices to exercise their beliefs, although such actions may reduce profi ts. We also observe the entrepreneurs making efforts to identify situations that simultaneously increase the companies’ profits and serve their causes. Most companies choose to stay private and commit to building an enduring organization rather than pursue the conventional exit strategies. Finally, we find that many of the companies in our list commit themselves to and proactively manage formalized giving programs.
6. Business and Professional Ethics Journal: Volume > 26 > Issue: 1/4
Notes on Contributors
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