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GENS 202 ASSIGNMENT

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GENS 202 ASSIGNMENT

Uploaded by

lawalrukayya1999
Copyright
© © All Rights Reserved
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Download as DOCX, PDF, TXT or read online on Scribd
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TITLE: ENTREPRENEURSHIP STUDIES ASSIGNMENT

COURSE CODE: GENS 202

NAME: RUQAYYAT LAWAL

REG NUMBER: U23DLNS20459


(1) write a short note on business ethic.

*Business Ethics*

Business ethics refers to the moral principles and values that guide an organization's behavior and
decision-making processes. It involves applying ethical theories and principles to ensure that businesses
operate responsibly and with integrity.

*Key Principles:*

1. Honesty and Transparency

2. Fairness and Justice

3. Respect for Stakeholders

4. Accountability and Responsibility

5. Sustainability and Environmental Stewardship

*Types of Business Ethics:*

1. *Normative Ethics*: Focuses on moral rules and principles.

2. *Descriptive Ethics*: Examines actual business practices.

3. *Virtue Ethics*: Emphasizes character and moral virtues.

*Benefits:*

1. Enhanced Reputation

2. Increased Customer Loyalty


3. Improved Employee Morale

4. Better Decision-Making

5. Long-Term Sustainability

*Challenges:*

1. Conflict of Interest

2. Cultural and Social Differences

3. Globalization and Complexity

4. Pressure for Short-Term Profits

5. Balancing Individual and Organizational Interests

*Theories and Models:*

1. *Utilitarianism*: Maximizing overall well-being.

2. *Deontology*: Emphasizing duties and rules.

3. *Stakeholder Theory*: Considering multiple interests.

4. *Social Contract Theory*: Business as a social institution.

*Best Practices:*

1. Establish a Code of Conduct

2. Provide Ethics Training

3. Encourage Whistleblowing

4. Foster a Culture of Integrity


5. Monitor and Report Ethics Performance

*Consequences of Unethical Behavior:*

1. Financial Losses

2. Reputation Damage

3. Legal Liability

4. Loss of Customer Trust

5. Social and Environmental Harm

(2) write a short note on entrepreneurs as a nation builder.

_Entrepreneurs as Nation Builders_

Entrepreneurs play a vital role in nation-building by driving economic growth, innovation, and social
progress.

_Key Contributions:_

1. Job Creation: Entrepreneurs generate employment opportunities, reducing unemployment and


poverty.

2. Economic Growth: Entrepreneurs stimulate economic activity, increasing GDP and national income.

3. Innovation: Entrepreneurs introduce new products, services, and technologies, enhancing


competitiveness.

4. Social Progress: Entrepreneurs address social issues, improving healthcare, education, and
infrastructure.

5. Role Models: Successful entrepreneurs inspire others, fostering a culture of entrepreneurship.


_Characteristics of Entrepreneurial Nation Builders:_

1. Visionary Leadership

2. Risk-Taking Ability

3. Innovation and Adaptability

4. Strategic Thinking

5. Social Responsibility

_Types of Entrepreneurial Nation Builders:_

1. Small and Medium-Sized Enterprises (SMEs)

2. Startups

3. Social Entrepreneurs

4. Technopreneurs

5. Women Entrepreneurs

_Benefits to the Nation:_

1. Increased Economic Competitiveness

2. Improved Standard of Living

3. Enhanced Innovation Capacity

4. Reduced Poverty and Inequality

5. Stronger Global Presence


_Challenges Faced by Entrepreneurial Nation Builders:_

1. Access to Funding

2. Regulatory Barriers

3. Talent Acquisition and Retention

4. Infrastructure Constraints

5. Corruption and Bureaucracy

_Government Support for Entrepreneurial Nation Builders:_

1. Tax Incentives

2. Funding and Grants

3. Regulatory Simplification

4. Mentorship Programs

5. Infrastructure Development

_Examples of Successful Entrepreneurial Nation Builders:_

1. Steve Jobs (Apple)

2. Bill Gates (Microsoft)

3. Elon Musk (Tesla, SpaceX)

4. Jeff Bezos (Amazon)

5. Sara Blakely (Spanx)

_Conclusion:_
Entrepreneurs are essential nation builders, driving economic growth, innovation, and social progress.
By supporting and empowering entrepreneurs, governments can unlock their potential, fostering a
prosperous and competitive nation.

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