Over the past 10 years, the demographic makeup of entrepreneurial ...

[haleyc112]

Over the past 10 years, the demographic makeup of entrepreneurial firms has remained fairly stable in the United States and around the world.
 
  Indicate whether the statement is true or false

Question 2

List and briefly describe three specific steps that an entrepreneurial organization can take to build a strong ethical culture.
 
  What will be an ideal response?

[Expo]

Answer to Question 1

FALSE

Answer to Question 2

(1 ) Lead by example. The most important thing that any entrepreneur, or team of entrepreneurs, can do to build a strong ethical culture in their organization is to lead by example. (2 ) Establish a code of conduct. A code of conduct is a formal statement of an organization's values on certain ethical and social issues. The advantage of having a code of conduct is that it provides specific guidance to managers and employees regarding what is expected of them in terms of ethical behavior. (3 ) Implement an ethics training program. Firms also use ethics training programs to promote ethical behavior. Ethics training programs teach business ethics to help employees deal with ethical dilemmas and improve their overall ethical conduct.