Mini-Code of Ethics for Entrepreneurs
The goal of this reflection is to construct a mini-Code of Ethics for a particular profession, group, hobby, or interest that sets out principles to follow, and is annotated with justification for the principles chosen. You should relate your code to the principles you have studied to date. Please feel free to choose a profession or activity you like, you are familiar with, or you are interested in. If there is a pre-existing Code for it, do not use it -- create your own.
The evaluation of your work will be based upon: 1) your description of the profession and your overall writing and citation, 2) your explanation of your principles (meaning, being clear about why these are ethical principles, reflecting your learning in the course and your application and synthesizing of that learning) and 3) your making connections to the different theories you chose (not that you chose "right," but that your definition is accurate and your application/interpretation is reasonable).
Describe the profession, hobby, interest, etc. in a few sentences. (Cite your sources)
List three principles you believe are very important for the integrity of this profession, etc. should have. (A sentence or two each).
Explain why these principles are necessary. (A short paragraph each). By necessary, this means what ethical or unethical action is the reason for the principle.
Example: for attorneys, there is a requirement to keep a separate bank account for client funds. This is necessary as a fiduciary duty to protect client funds from being misused.
Example: for attorneys, they must keep client communications confidential in order to protect the attorney-client relationship, to allow for free communications (although there are exceptions).
Define and explain the most appropriate ethical theory that applies to this principle: Stoicism, Egoism, Ethical Relativism, Altruism, Social Contract, Consequentialism (Utilitarianism), Virtue Ethics, Kant, Ancient Philosophy/Religions.
First give a brief definition (cite the source)
Then, explain why it applies to the principle
Conclude with a warning and description of one or two tricky areas or activities that could lead to unethical behavior. (This can be based upon your own knowledge, but if you use a source, cite it).
The reflection should be a page in length. Use at least 2 proper sources (see below) Parenthetical in-text citations of sources and full citations at the end. This need not be a full formatted reference page but the citations must be in full.
If you would like to see a sample Code of Ethics assignment :
Best Sources to Use:
The materials for the course (can include my own)
Articles and information from sources that are credible in terms of academic scholarship, including government historical sites and museum or library sites (this does not include political advocacy sites, blogs or student-written sites)
Established magazines and newspapers
Organizational websites (i.e., professional associations)
Sources not allowed:
Wikipedia and information from wikis
Blogs
Commercial (“click-bait”) sites with unknown or non-expert authors
Obviously or highly-biased sources that contain no credible support
Sites as mentioned above that offer coaching to students or provide other students' papers
Avoiding Plagiarism:
Remember that avoiding plagiarism is a priority for students in all academic work. All assignments are reviewed through the Turnitin program upon submission.
DO NOT copy from websites or purchase from websites offering papers or assignments for sale or coaching for assignments.
DO NOT use AI for assignments.
Any information you have obtained from another source must be properly attributed. Do not copy and paste. Paraphrase with citations. Avoid long quotes, but if you quote, use quote marks and citations (including page/paragraph number).
Title
Your Name
Subject and Section
Professor’s name
Date
Entrepreneurship
Entrepreneurship is a distinct and impactful contributor to the global discourse on well-being, fostering positive societal change through groundbreaking innovations, whether commercial or social, that enhance social well-being. Furthermore, it provides a unique avenue for personal development and well-being, as entrepreneurs, enjoying a level of autonomy uncommon in traditional careers, can find deeper meaning in their work, align it with their innate talents, and engage in purpose-driven, self-directed tasks (Wiklund et al., 2019).
The Principles
Principle of Professional Behavior
Justification
It emphasizes personal accountability and leadership in maintaining professionalism, which is relevant in entrepreneurship (ICAS Ethics Committee, 2015). In entrepreneurship, professional behavior is crucial as it cultivates trust, maintains a positive reputation, and ensures legal and ethical compliance.
Ethical Theory
The ethics of altruism emphasize prioritizing the welfare of others over self-interest, whether by doing good or preventing harm, driven by genuine concern for their well-being (Kraut & Zalta, 2020). Altruism is linked to the Principle of Professional Behavior because it underscores the importance of professionals prioritizing the welfare of their clients, colleagues, and the public above personal gain, contributing to ethical and responsible professional conduct, and fostering trust and integrity in the professional setting.
Principle of Integrity
Justification
It is about being candid and truthful in all professional and business connections, underscoring the need for honesty and transparency to establish trust and credibility in the professional realm (ICAS Ethics Committee, 2015). Trust is a valuable asset