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Entrep 9-10

The document discusses the importance of ethics and social responsibility for entrepreneurs. It provides guidance on how entrepreneurs should conduct themselves within their business, with employees, customers, stakeholders, and society. Entrepreneurs are encouraged to hire and compensate employees well, provide quality products and customer service, be honest, protect the environment, give to the poor, and help the economy. The document also outlines key Philippine laws regulating businesses and defines corporate social responsibility.

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MacMac
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61 views19 pages

Entrep 9-10

The document discusses the importance of ethics and social responsibility for entrepreneurs. It provides guidance on how entrepreneurs should conduct themselves within their business, with employees, customers, stakeholders, and society. Entrepreneurs are encouraged to hire and compensate employees well, provide quality products and customer service, be honest, protect the environment, give to the poor, and help the economy. The document also outlines key Philippine laws regulating businesses and defines corporate social responsibility.

Uploaded by

MacMac
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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9

ETHICS OF
ENTREPRENEURSHIP

1
Ethics of an entrepreneur

▰ Being a good entrepreneur takes more


than a creative idea and a superior
work ethic. It also requires
understanding the importance of
ethical business practices, giving back
to your community, and running your
business in a way that minimizes harm
to others and the environment.

2
Entrepreneur SOCIAL
RESPONSIBILITY (victorino Abrugar)
Within yourself

1. Know yourself – listen to yourself


2. Have a great purpose – define a greater personal purpose
3. Achieve inner peace – initiates peace and real happiness within
him
4. Continue learning – to continue providing the world with new
things
5. Be an example – motivate others
3
Entrepreneur SOCIAL
RESPONSIBILITY (victorino Abrugar)
Inside the work place

1. Hire the right people – best employee


2. Train your workers well- provide seminars/skill training
3. Compensate your employees well- paid above the mandate of
the law
4. Help them improve their lives- opportunity given
5. Make them really happy- provide incentives/benefits

4
Entrepreneur SOCIAL
RESPONSIBILITY (victorino Abrugar)
With your customers

1. Provide quality products or services – be different, stand,


and fight for quality
2. Give extra customer care – make your customer really happy
3. Be honest in advertising – do not suffer from lies
4. Help your customers improve their lives – be people-
oriented (educate your customers)
5. Create good and lasting relationship – build trust and
confidence
5
Entrepreneur SOCIAL
RESPONSIBILITY (victorino Abrugar)
With their business stakeholders

1. Be just to your partners and co-owners


2. Be honest in reporting
3. Be a responsible debtor
4. Be a conscientious tax payer
5. Be a fair business competitor

6
Entrepreneur SOCIAL
RESPONSIBILITY (victorino Abrugar)
With the world

1. Protect our own planet


2. Uphold morality and right conduct
3. Give to the poor
4. Help the economy grow
5. Change the world

7
CORPORATE SOCIAL
RESPONSIBILITIES - CSR
▰ Is a type of international private business
self regulation that aims to contribute to
societal goals of a philanthropic , activist,
or charitable nature or by engage in or
support volunteering or ethically oriented
practices
▰ Company’s self regulating social
accountability to itself, the stakeholder and
the public

8
KINDS OF SOCIAL
RESPONSIBILITIES (topper.com)
1. Economics- when business earns a profit it also means that the
employees earn profit in terms of incentives, business affect the
society as whole.
2. Legal- business follows laws and rules. A responsibility to
operate within the boundaries installed by the government.
3. Ethical- behavior of the firm that is expecte3d by the society but
not codified in law

9
https://www.youtube.com/
watch?v=VO-Z5hxeofE

ACTIVITY- Familiarize with various CSR


programs of International Corporations and relate it to
local corporation CSR

10
10
LEGAL PARAMETERS OF
ENTERPRISE IN THE
PHILIPPINES
11
RA 10679
Youth Entrepreneurship Act

The policy of the state to promote the sustained development of


young Filipinos whose aptitude and skill in the field of finance and
entrepreneurship shall be encouraged and honed through
education and specialized training programs.
(August 27, 2015)

12
RA 10667
The Philippine Competition Act

An act providing for a national competition policy prohibiting anti-


competitive agreements abuse of dominant position and anti-
competitive mergers and acquisition. Establishing the Philippine
Competition Commission and appropriating funds therefore.

13
Philippine Laws that regulates
Business

1. Tax Reform Act of 1977 (RA 8424)


2. The Local Government Code of the Philippines (RA 7160)
3. Labor Code of the Philippines (PD 442)
4. The Corporation Code of the Philippines (BP 68)
5. Civil Law of the Philippines (RA 386)

14
Philippine Laws that regulates
Business

6. Civil Law of the Philippines (RA 386)


7. Social Security Act of 1997 (RA 8282)
8. National Health Insurance Act of 1995 (RA 7875)
9. Home Development Mutual Fund Law of 2009 (RA 9679)
10. Food and Drug Administration (FDA) Act of 2009 (RA 9711)

15
Philippine Laws that regulates
Business
11. The Philippine Fisheries Code (RA 8550)
12. The Animal Welfare Act of 1998 (RA 8485)
13. Securities Regulation Code of the Philippines (RA 8799)
14. Financing Company Act of 1998
15. Truth in Lending Act of 1998 (RA 8556)

16
Philippine Laws that regulates
Business

16. Consumer Act of the Philippines (RA 7394)


17. Electronic Commerce Act of 2000 (RA 8792)
18. The Magna Carta for Micro, Small, and Medium Enterprises
(MSMEs) as amended by RA 9501
19. Barangay Micro Business Enterprise (BMBEs) Act of 2002 (RA
9178)
20.

17
Philippine Laws that regulates
Business

20. Foreign Investment Act of 1991 (RA 7042)


21. Philippine Cooperative Code of 2008 (RA 9520)
22. Anti-money Laundering Act of 2001 (RA 9160)
23. The Anti-Red Tape Act of 2007 (RA 9485)
24. Insurance Act of the Philippines (RA 10607)

18
ACTIVITY-critique on legality, ethics and
morality of business practice

https://www.youtube.com/
watch?v=ghRQhIMo74I
19

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