Although social entrepreneurs share many characteristics in common with the other forms of entrepreneurship, advocates of social responsibility, sustainable enterprise, business ethics and “social impact management”, there is yet a difference. Schermerhorn (2010) maintains that a typical and pure entrepreneurial pursuit is driven by profit motive. While social entrepreneurs are propelled by a social mission.…
Category: Education
Theories of Social Entrepreneurship
The focus and nature of social entrepreneurship should, ideally, shape the theory(ies) on which its practice should be anchored. A theory, according to Mandler and Kessen (1959), refers to a set of statements understandable to others which make predictions about empirical events (cited in Baridam, 1993). Given the fact that the field of social entrepreneurship…
Social Entrepreneurship Focus
The focus of the social entrepreneurship is primarily on the people and their empowerment in respective communities as opposed to structure (Gray and Crofts, 2002). It aspires to create social change and impact as well as long-term social return on investment, (Dees, 1998). It stresses a hand up as opposed to a hand out. It…
Definitions and Concepts of Social Entrepreneurship
There is no gain-saying the fact that government determines the policy thrust that shapes and dictates all lawful activities that take place within the economy which assumes two main dimensions notably, private and public sectors. Government, through its Ministries, Departments and Agencies (MDAs), dominates, regulates and controls socioeconomic and political activities in the public sector…
Corporate Philanthropy Programmes in Nigeria
This involves the channeling of organisational resources to bring about a positive change in the society. A philanthropic business is seen as a good corporate citizen that undertakes humanitarian and welfare programs such as contribution to sports, education, religious and recreational activities. Examples of corporate philanthropy in Nigerian organizations are: – MTN Foundation for poverty…
The Ethical Scope of Corporate Responsibility in Nigeria
The social responsibility view of ethics includes the set of standards, norms, and expectations that address the interests of stakeholders such as suppliers, creditors, customers, employees, and the local community. Gabriel and George (2013) asserted that “ethical responsibility also involves the fundamental ethical principles of moral philosophy such as justice, human rights and utilitarianism”. Amaeshi…
The Legal Scope of Corporate Social Responsibility in Nigeria
Legal responsibilities address the expectations of owners, employees and customers in such a way that litigations against the organisation are minimised. Society expects that while organisations pursue their profit objectives, they should do so within the confines of the extant laws and regulations. Additionally, society expects goods and services as well as dealings with stakeholders…
The Economic Scope of Corporate Social Responsibility and Factors in Nigeria
Economic Responsibilities refer to the set of activities, or programmes embarked upon by the management of organisations which have direct impact on the owners and employees (Carroll, 1996). A failure in properly carrying out economic responsibilities will affect the fortunes of the business in terms of employees’ interests and owners’ expectation. Economic responsibility therefore focuses…
Scope of Corporate Social Responsibility in Nigeria
Corporate Social Responsibility (CSR) is viewed as the set of activities, processes and decisions taken by organisations in order to create favourable societal outcomes and environmental sustainability (Khan, et al, 2012). It has been defined by the World Business Council for Sustainable Development (1998) as;“the continuing commitment by business to behave ethically and contribute to…
Suggestions for Improving Ethical Behaviour in a State
Improving ethical behaviour can be achieved by adopting the following measures. 1. Code of Ethics:It is a formal statement indicating an organisation’s basic values and moral rules it expects its members to abide by. (Robbins and Coulter, 2007). The code states the standard of behaviour required of employees in different areas of a company’s operations.…
Consequences of Unethical Behaviour
– Advance Fee Fraud popularly known as “419”, – kidnapping, – child trafficking, – Baby Factories, and – allied crimes have portrayed Nigeria as a country of criminals whose citizen should be treated with suspicion. The implication of unethical behavior for a country is negative image which does not augur well for international relations and…
Causes Of Unethical Behaviours in Nigeria
Unethical behaviours and practices can be traced to a number of factors. 1. LOW INCOME It is generally believed that the level of income in Nigeria is low especially in the Public Sector and in Micro, Small and Medium Enterprises (MSME). The National minimum wage of ₦18,000, which has been recently increased to ₦30,000 per…
Unethical Behaviours and Practices in The Nigerian Economy
To know what is unethical, you have to first know what is ethics.The word ethics has been defined in various ways. It is the study of people’s rights and duties, the moral rule that guide people in decision making and the nature of the relationships among people (Stoner et al, 2009). The Merriam-Webster Dictionary define…
Why Business Ethics is Important
There are many reasons why ethic is important in business. Organizations that are committed to behaving ethically know that committing to ethical behaviour is not only the right thing to do but that ethics is good for business. To answer the question of why business ethics is important, there is need to understand what “business…
Importance of Ethics in Business
Issues of fairness, ethics and social responsibility are becoming progressively important as organisations all over the globe are faced with an ever increasing competition. For this reason also, entrepreneurs are increasingly capitalising on unprecedented business opportunities around the world; a progeny of globalisation of national economies. Examples of unethical business behaviour includes; – poor working…
The State of Ethics and Unethical Practice in Business
The need to study the state of ethics and ethical conduct cannot be overemphasized. In business history, corporate executives, entrepreneurs, and corporations should know that unethical behaviours or practices cannot go for too long unnoticed. Bateman and Snell (2011) have rightly observed that insider trading, illegal campaign contributions, bribery and kickbacks, famous court cases, and…
Concepts of Ethics in Business
The importance of ethical decision making at the workplace have long been understood by practising managers. All the assumptions and discourses about the challenges in the new century have come and gone and now trying to effectively manage the 21st century organisations has become a very harsh reality to confront. That human beings make up…
Ethics and Corporate Social Responsibility (CSR) in Business
Ethics and social responsibility are the two sides of the same coin. They are topical and therefore, should be and are of great interest to entrepreneurs, corporate entities and society. Entrepreneurs and managers and their organisation must be aware of the expectation to be socially responsible and to put in place appropriate guidelines for instilling…
Strategies for Protection of Your Intellectual Property Rights. (I.P.R)
According to Yahaya and Aliyu (2014) the following strategies are best adopted by entrepreneurs to protect their intellectual property rights (I.P.R) 1. Registration of one’s intellectual property with the relevant administrator/registry. 2. Demonstrating ownership on time and promptly too. 3. Employing the services of a competent Intellectual Property practitioner/lawyer who will keep track of your…
Intellectual Property Rights Protection in Nigeria
The Intellectual Property Rights protection in Nigeria has a historical link to the colonial era when English Trademarks Ordinance was introduced. Over the years, after independence up to our present dispensation, the Nigerian government has established laws and administrative modalities for the enforcement of all forms of intellectual property rights. The extent to which these…
