Question & Answer

1.    : Consider the six characteristics of entrepreneurs described in this chapter. Which two traits do you think are most like those of managers in large companies? Which two are least like those of managers in large companies?

1.    Why would small business ownership have great appeal to immigrants, women, and people of color?

1.    Social entrepreneurship is a growing phenomenon. Do you believe that for-profit businesses can have a social mission equal to their profit mission? Should they do so if it means hurting profits?

Explain the importance of entrepreneurship to the global economy.

Describe the appeal and the difficulties of investing in a franchise as a route to small business ownership.

: Outline the planning necessary to launch an entrepreneurial start-up.

: Explain social entrepreneurship as a vital part of today’s small-business environment.

Describe important steps for starting an online or mobile app business.

: Summarize the impact of people of color, immigrants, and women on the creation of new businesses.

: Define entrepreneurship and the five classifications of entrepreneurs.

1.    : How might Cody Sexton’s decision differ if he based it on the utilitarian approach versus individualism approach versus practical approach to ethical decision making? Which approach does he appear to be using?

1.    : What should Ali Boyer do? What would you actually do if you were in her place? Explain.

1.    : How has Ken Byers shaped the sales culture at Hull Engineering? Do you consider this culture to be at a preconventional, conventional, or postconventional level of ethical development? Why?

1.   Call the local environmental advocacy group and get the group to stage a protest of the company.

1.   Mind your own business and just do your job. The company isn’t breaking any laws, and if Petro-Tech ‘s economic situation doesn’t improve, a lot of people will be thrown out of work.

1.   Talk to the manufacturing vice president and emphasize the responsibility that Petro-Tech has as an industry leader to set an example. Present her with a recommendation that Petro-Tech participate in voluntary pollution reduction as a marketing tool and as a way to position itself as the environmentally friendly choice.

1.    : This chapter described studies that show that people work harder and better for managers who put the interests of others above their own. Do you believe being more of a “giver” than a “taker” will translate into greater career success for these managers? Discuss

1.    : The technique of stakeholder mapping lets managers classify which stakeholders they will consider more important and will invest more time to satisfy. Is it appropriate for management to define some stakeholders as more important than others? Explain.

1.    : Which do you think would be more effective for shaping long-term ethical behavior in an organization: a written code of ethics combined with ethics training or strong ethical leadership? Which would have more impact on you? Why?

1.    : Do you believe that it is ethical for organizational managers to try to get access to and scrutinize the Facebook pages of employees or job applicants? Discuss.

1.    : A survey found that 69 percent of MBA students view maximizing shareholder value as the primary responsibility of a company. The Business Roundtable’s new Statement on the Purpose of a Corporation said that five major stakeholders should receive equal attention. With which view do you agree? Why?

1.    : Albert Einstein once said, “The world is a dangerous place, not because of those who do evil, but because of those who look on and do nothing.” Do you agree? Discuss.

1.    : Is it ethical and socially responsible for large corporations to lobby against an SEC rule requiring that they report the ratio of their CEOs’ pay compared to that of their average employee, as described in the chapter? Discuss.

1.    : Imagine yourself in a situation of being encouraged by colleagues to inflate your expense account. What factors do you think would influence your decision? Explain.