"As entrepreneurs climb the ladder of success, they should not forget that for success to be long lasting they will have to follow some ethical standards in their business practices.". Give some examples related to it.
Answers
Answer:
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Answer:
(i) They are formed in the process of socialisation and may relate to anything in the world.
For example: A person may have positive and negative attitudes towards religion, politics, politicians or countries.
(ii) (a) Affects behaviour: People have a natural tendency to maintain consistency between attitude and behaviour. Attitudes can lead to intended behaviour if there is no external intervent.
(b) It is invisible: It constitutes a psychological phenomenon which cannot be directly observed. However, we may observe an attitude indirectly through observing its consequences. For example, if a person is highly productive, we may infer that he has a positive attitude towards his/her work.
(iii) (a) Respect for work: Entrepreneur culture respects and values work. Entrepreneur who are successful believe that to achieve one has to do hard-work. To them work is worship.
(b) Innovation and creativity: These are the most important values found among most of the entrepreneurs. Creativity is the ability to bring something new into existence or new ways of doing things and innovativeness is the ability to make it work in practice. For example, earlier, hair oil was available only in tins and introducing it in plastic small packs has become convenient for customers to carry and use.
Innovation refers to the process of doing new things. It brings into reality a new idea, a new process, a new product or innovativeness can be seen through actions such as: Sachet Market – small sachet of shampoo, oil, etc.
(iv) C. Danhof has broadly classified entrepreneurs into four types. These are:
(a) Innovative Entrepreneur (b) Imitative Entrepreneur
(c) Fabian Entrepreneur (d) Drone Entrepreneur
(a) Smart organisations will seek out individuals who like to invent, innovate, and want to the best idea within them.
(v) These individuals can work independently but even more important can work seamlessly as part of an integrated team structure and also effectively embrace and embody the culture of the entrepreneur’s host organisation. Intrapreneurs are most successful when management empowers and supports them and in turn the intrapreneurs represent the best interests of their organisations, while earning the respect of corporate peers.
(vi) “Innovation time off’ is an intrapreneurship programme firstly introduced by Google. The main features of this programme was:
All the employees are empowered and encouraged to spend 20% of their time
on projects that interest them and their thinking will benefit Google and their customers.
It has a formal process for their selection of entrepreneurial projects, for the formal evaluation process and the monitoring of each Google approved entrepreneurial project.
All those employees who want to participate in the programme must submit a project proposal within a specified timeline.
After implementation of the intrepreneurship programme, it was observed several of Google’s newest products and services such as Gmail, Google news, Orkut and Add Sense were all originated through this program and has given a good results.
Explanation:
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