Building a Business: Continuing Team Exercise


Meet with your team members and discuss your new business venture within the context of this chapter. Develop specific responses to the following:

  1. 2-11. Thinking about your business venture, identify at least three ethical issues that could potentially arise.

  2. 2-12. Should your venture have a formal statement of company practices and business ethics or simply rely on your own individual ethical standards? What are the pros and cons of each approach?

  3. 2-13. Who are the primary stakeholders in your new venture? Rank them in order of their relative importance.

  4. 2-14. Does it make sense for a new business to develop a formal social responsibility program? Why, or why not?

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