Ethical Theories

What are the ethics related theories about entrepreneurship?

 

Feminist Theory

What can we learn from feminist approaches to entrepreneurship?

 

Machiavellian Theory

Machiavellian realism is considered by many to be unethical, so serves as a counter example.

Procedural Justice Theory

Procedural justice theory posits that entrepreneurs utilize fair processes in their decision-making.

Social Entrepreneurship Theory

Social entrepreneurship theory posits that entrepreneurs that have a social dimension to their ventures are in a different class of firms. 

Stewardship Theory 
Stewardship theory describes the firm's founder as a sheepherder that takes care of the business as if it was one of the sheep in its herd.

Stakeholder Theory

This theory looks at the failures of incumbents as opportunities for entrepreneurs. 

 

Utility Theory

The utility theory posits that entrepreneurs make decisions that increase their utility.