Entrepreneurship is not just a profession; it’s a philosophy about life, which can be used within the business paradigm as well in every day life. The most successful entrepreneurs have internalized certain habits and qualities that have made them more successful than their competitors. Ambition and passion can be the fuel to create a fire [...]
What is round and dangerous? A vicious circle. That is a good description of the creative process for many entrepreneurs. What is the secret to creating value in the marketplace? The entrepreneur must apply creativity and innovation to solve problems and exploit opportunities that have a practical application. People tend to use these two terms [...]
The entrepreneur faces many potentially ethically challenging decisions on a day-to-day basis, and it’s always a good idea to have a protocol in place from which to make those decisions. That protocol is like a fail-safe – something to rely on when an ethically challenging situation is difficult to work through. Think of the framework [...]
Currently, society’s interest in ethics is at an all-time high, perhaps due to the much publicized moral misdeeds of several politicians and multimillion dollar company CEOs. The ENRON case comes to mind as a glaring example. However, business ethics have been of concern for centuries. In 560 BCE, the Greek philosopher Chilon stated that a [...]
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