Social Entrepreneurship Essay Example | Topics and Well Written Essays - 250 words - 4

Social Entrepreneurship - Essay Exampleng an increasing trend these social enterprises are not practicing on ethical grounds and are take to consider ethical principles while executing their decisions. Peoples confidence in the integrity and cartwheel of these social enterprises is decreasing day by day and lack trust these enterprises consider social benefits while conducting business activities. As proposed by Rhode & Packel (2009), numerous factors impact the ethical decision making within only sorts of organizations and in order to solve the problem of rising misconduct, an in depth analysis of such factors is needed. The proposed factors overwhelm moral awareness, moral decision-making, moral intent and moral action. And individuals vary on these grounds causing cognitive biases that lead to the development of unethical behaviour. Being a part of business enterprise, the organizational culture and social organization also helps in manipulating individuals acts and decisive ness on moral grounds. The authors also provided the main areas where ethical considerations may recrudesce in a non-profit organization such as social enterprise. These include conflicts of interests, compensations, publication & solicitation, investment policies, monetary integrity, strategic management and accountability.Thus in order to encourage ethical decision making, certain guidelines provided may be followed such as ensuring effective and efficient codes of conduct as well as compliance programs, encouraging effective management of financial affairs and incorporating an ethical culture that inhibits immoral conducts. But only these measures would be ineffective if the ethical reasoning does not descend from the people occupying leading positions. The importance of morals cant be neglected in any sort of organization or private decision making but its significance in non profit sector cant be neglected as it forms the basis of societal gain and its violation may resul t in pain not only the economy but also the social