Suggest four (4) ways in which a new venture, such as Dragon Karate Sports, can make ethics a distinguishing feature of the company's culture in a stated Caribbean country you chose with reference to the article Hanson, K. O. (2001). A good start: New ventures can make ethics part of their business plan. Issues in Ethics, 12(1). Choose any four (4) of the list below to aid in answering. 1. Ethical start-ups recognize the ethical dilemmas that surround them in the first few months. 2. Ethical start-ups make ethics a core value of the enterprise. 3. The ethical entrepreneur finds early opportunities to make his or her ethical commitment real. 4. The ethical entrepreneur anticipates the ethical tensions in day-to-day decisions. 5. The ethical entrepreneur welcomes ethical questions and debates 6. The ethical entrepreneur is watchful about conflicts of interest. 7. The ethical entrepreneur talks about the ethical values all the time. 8. The ethical entrepreneur weeds out employees who do not embrace the ethical values of the company. 9. The ethical entrepreneur looks for opportunities to engage the company in the community. 10. The ethical entrepreneur takes stock occasionally. 11. The ethical entrepreneur renews the commitment to ethical behavior. Mr. Santosh Kshirsagar- Dragon Karate Sports Santosh Kshirsagar, age 20 is not waiting to complete his graduation, to apply the theories he has learned in his classes to the real world. In the summer of the year 2016 the soon-to-be third year BCA student at BVDUIMK launched his own karate academy! Life has many ups and downs; many struggles and one need to stand strong to reach success. Santosh as a child never knew what father’s love was; his father never paid any attention towards the family, always drunk and created fights when in his senses. Santosh’s brother Amit was 10 years older than him; his mother struggled hard by stitching clothes to raise her kids and make ends meet. Amit from a very tender age of 13 did part-time jobs to help his mom in earning. Santosh was 4 years old when he lost his father. The family’s struggle in life continued and Amit did a lot of hard work to raise Santosh and give him a good future. He loved him not as a brother but as his son and never made Santosh feel the emptiness of not having a father. After graduation Amit was given a job in his father’s post and gradually all things started falling in place, now they moved to a two-room house made of mud. Santosh had also finished his 12th standard by now, he knew the sacrifice of his mother and brother, and he realized that now he should also join hands in supporting his family. Santosh’s Entrepreneurial Journey When Amit used to go to college, in the ground next to his college there was a karate academy by the name of ‘Dragon Karate Sports’, Santosh was just 6 years old then, impressed by the sport and had joined the classes, later he also started training his juniors in the class, this was in the year 2008 when he was in standard eighth. Santosh secured a black belt when he was in second year BCA. Life took a turn, when his Sir (coach) advised him to start a Karate class in Kolhapur under the banner of their academy ‘Dragon Karate Sports’. His prestart up activities began; location, funding and other infrastructure requirements needed to be assembled and raised. This was not easy, Santosh decided to go to schools and colleges in the nearby area and canvass about his class and also do advertising, by putting small ads in the newspaper. The cost of advertising was also not affordable to Santosh as the paper distributor charged 15 Rs for small adds in 100 newspapers and he had planned for 5000 such adds. Santosh’s classmates were with him on his entire journey, and they all decided to insert the ads themselves in the newspaper so that they could save some money. He also got 10 big advertising flex boards printed. He spent in all Rs 10,000/- which was given to him by his brother Amit. His close friends and his college teacher Prof Gunjan Behl were by his side throughout his initial struggle and were constant sources of inspiration and guidance for him. There was a positive turn in this journey as the phone started ringing and enquiries dropped in. The day of inauguration was dawned, Santosh was awarded the black belt at the inauguration of his training centre on July 13th, 2015. Initially there were only 20 students at his training centre and the fee structure was Rs 300/- as the registration fees which would be paid to his sir and Rs 200/-per month as the class fee which would be kept by Santosh. His dedication yielded fruit and gradually enrolment increased at the training centre. Today Santosh has 3 batches running, two in the morning; 6.00 pm-7.00 pm and 7.00 am to 8.00am and the third in the evening 7.00 pm and 8.00 pm. Now there are in total 60 students getting trained in his Academy.
Question
Suggest four (4) ways in which a new venture, such as Dragon Karate Sports, can make ethics a distinguishing feature of the company's culture in a stated Caribbean country you chose with reference to the article Hanson, K. O. (2001). A good start: New ventures can make ethics part of their business plan. Issues in Ethics, 12(1).
Choose any four (4) of the list below to aid in answering.
1. Ethical start-ups recognize the ethical dilemmas that surround them in the first few months.
2. Ethical start-ups make ethics a core value of the enterprise.
3. The ethical entrepreneur finds early opportunities to make his or her ethical commitment real.
4. The ethical entrepreneur anticipates the ethical tensions in day-to-day decisions.
5. The ethical entrepreneur welcomes ethical questions and debates
6. The ethical entrepreneur is watchful about conflicts of interest.
7. The ethical entrepreneur talks about the ethical values all the time.
8. The ethical entrepreneur weeds out employees who do not embrace the ethical values of the company.
9. The ethical entrepreneur looks for opportunities to engage the company in the community.
10. The ethical entrepreneur takes stock occasionally.
11. The ethical entrepreneur renews the commitment to ethical behavior.
Mr. Santosh Kshirsagar- Dragon Karate Sports
Santosh Kshirsagar, age 20 is not waiting to complete his graduation, to apply the theories he has
learned in his classes to the real world. In the summer of the year 2016 the soon-to-be third year
BCA student at BVDUIMK launched his own karate academy!
Life has many ups and downs; many struggles and one need to stand strong to reach success.
Santosh as a child never knew what father’s love was; his father never paid any attention towards
the family, always drunk and created fights when in his senses. Santosh’s brother Amit was 10
years older than him; his mother struggled hard by stitching clothes to raise her kids and make
ends meet. Amit from a very tender age of 13 did part-time jobs to help his mom in earning.
Santosh was 4 years old when he lost his father. The family’s struggle in life continued and Amit
did a lot of hard work to raise Santosh and give him a good future. He loved him not as a brother
but as his son and never made Santosh feel the emptiness of not having a father. After graduation
Amit was given a job in his father’s post and gradually all things started falling in place, now
they moved to a two-room house made of mud. Santosh had also finished his 12th standard by
now, he knew the sacrifice of his mother and brother, and he realized that now he should also
join hands in supporting his family.
Santosh’s Entrepreneurial Journey
When Amit used to go to college, in the ground next to his college there was a karate academy
by the name of ‘Dragon Karate Sports’, Santosh was just 6 years old then, impressed by the sport
and had joined the classes, later he also started training his juniors in the class, this was in the
year 2008 when he was in standard eighth.
Santosh secured a black belt when he was in second year BCA. Life took a turn, when his Sir
(coach) advised him to start a Karate class in Kolhapur under the banner of their academy
‘Dragon Karate Sports’. His prestart up activities began; location, funding and other
infrastructure requirements needed to be assembled and raised. This was not easy, Santosh
decided to go to schools and colleges in the nearby area and canvass about his class and also do
advertising, by putting small ads in the newspaper. The cost of advertising was also not
affordable to Santosh as the paper distributor charged 15 Rs for small adds in 100 newspapers
and he had planned for 5000 such adds. Santosh’s classmates were with him on his entire
journey, and they all decided to insert the ads themselves in the newspaper so that they could
save some money. He also got 10 big advertising flex boards printed. He spent in all Rs 10,000/-
which was given to him by his brother Amit. His close friends and his college teacher Prof
Gunjan Behl were by his side throughout his initial struggle and were constant sources of
inspiration and guidance for him.
There was a positive turn in this journey as the phone started ringing and enquiries dropped in.
The day of inauguration was dawned, Santosh was awarded the black belt at the inauguration of
his training centre on July 13th, 2015. Initially there were only 20 students at his training centre
and the fee structure was Rs 300/- as the registration fees which would be paid to his sir and Rs
200/-per month as the class fee which would be kept by Santosh. His dedication yielded fruit and gradually enrolment increased at the training centre. Today Santosh has 3 batches running, two in the morning; 6.00 pm-7.00 pm and 7.00 am to 8.00am and the third in the evening 7.00 pm and 8.00 pm. Now there are in total 60 students getting trained in his Academy.
Step by step
Solved in 3 steps
