Entrepreneurship and Ethics
Year: 2015
Type: reference-entry
Abstract: Entrepreneurship is concerned with how the opportunity to create “value” in society is discovered or imagined and acted upon thereby bringing new goods and services into the marketplace. The field of business ethics, on the other hand, is concerned with the fairness of methods used to create this “value,” and the ensuing distribution of the value among various stakeholders to the enterprise. Entrepreneurially introduced innovations can alter the economic, political, and social landscape. Entrepreneurs and entrepreneurship have the power to do immense good, but can also harm. However, the entrepreneurial process contains within itself the power to address the harm.
Source: Wiley Encyclopedia of Management
Author: Sankaran Venkataraman
Institution: University of Virginia
Language: English
Subfield: Management of Technology and Innovation
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W1591912332