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The Place of Ethics in Entrepreneurship: The Nigerian Perspective

Author

Listed:
  • Uwaoma Ironkwe
  • Ordu Promise A.

    (Department of Accounting, Faculty of Management Sciences, University of Port Harcourt, Nigeria)

Abstract

Management and entrepreneurship practitioners now face more ethical issues every day of their working lives than ever. They face hard decision that does not have an ethical dimension or facet. This is an issue of ethical problems in the decision making process. Scholars have opined that leaders confront ethical issues as they carry out their management responsibilities (Ordu and Okoroafor, 2014). Leaders face the matters of morality; right and wrong, fairness and unfairness, and justice or lack of justice, actions or behaviours in their decision making process of planning, organizing, motivating, communicating, delegating or committing some other management roles. Furthermore, ethics, entrepreneurship and ethical perspectives in management are crucial and these features are indispensible for business survival. Managers today must be informed and this has been receiving attention from scholars and industry practitioners. The focus of this paper is to assist entrepreneurship practitioners to uphold ethical practices that are vital for business survival given the ethical problems prevalent in organisations especially in Nigerian context. Looking at the theories associated with stages of ethical consciousness of organization, various forms of business ethical code formation are highlighted as these are essential and needs to be in place if any entrepreneurial activity must survive. In addition, factors that influence unethical behaviours are explored. There are ethical challenges entrepreneurship may face given the Nigerian context. In conclusion, a way forward for overcoming the ethical challenges has been suggested: getting managers to be accountable and responsible, as well as designing an ethical management index and integrity testing etc.

Suggested Citation

  • Uwaoma Ironkwe & Ordu Promise A., 2015. "The Place of Ethics in Entrepreneurship: The Nigerian Perspective," International Journal of Innovation and Economic Development, Inovatus Services Ltd., vol. 1(3), pages 45-55, August.
    • Handle: RePEc:mgs:ijoied:v:1:y:2015:i:3:p:45-55
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    References listed on IDEAS

    as
    1. Carroll, Archie B., 2000. "Ethical Challenges for Business in the New Millennium: Corporate Social Responsibility and Models of Management Morality," Business Ethics Quarterly, Cambridge University Press, vol. 10(1), pages 33-42, January.
    2. Moberg, Dennis J. & Velasquez, Manuel, 2004. "The Ethics of Mentoring," Business Ethics Quarterly, Cambridge University Press, vol. 14(1), pages 95-122, January.
    3. Geva, Aviva, 2000. "Moral Decision Making in Business: A Phase-Model," Business Ethics Quarterly, Cambridge University Press, vol. 10(4), pages 773-803, October.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Entrepreneurship; ethics; ethical consciousness; unethical behaviours; Nigeria;
    All these keywords.

    JEL classification:

    • M00 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General - - - General

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