Ethics and laws of management at the start of any business require a lot of concentration and money to make the venture to gain a good reputation and ability to embrace partnership and customers (Duruflé, Hellmann & Wilson, 2018). The CampusLife Coffee Shop in the case is set to begin its operations after a significant observation of the campus and its environments. The entrepreneur who came up The CampusLife Coffee Shop idea should not imitate the products and services offered at by other businesses in a similar line as this will be termed unethical.
It is important for an entrepreneur to build a strong ethical culture for the firm to avoid being confronted by the laws of copyright. Some of the specific steps that can be taken in an entrepreneurial venture to build a strong ethical culture include:
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Leading by example : Entrepreneurs lead the junior staff and newly recruited workers by creating a robust ethical culture by being transparent and accountable in the venture. It is also moral for a leader to discuss and make decisions by involving other employees and emphasize integrity at all cost (Sison, 2017). The management should also encourage employees to work as a team while observing the ethics of the company.
Establish a code of conduct : ethics or laws of behavior are formal reports of the company's values that stipulate ethics and social concerns ( Javed, Rawwas, Khandai, Shahid & Tayyeb, 2018 ). Having a code of conduct is advantageous as it offers specific guidelines to leaders and workers and what is expected of them regarding their morals.
The most common pitfalls faced by start-up teams are:
The fierce competition existing in a corporate world and the starting business must be ready to meet them while competing favorably (Sauser & Sims, 2018). Another challenge is hiring suitable workers. The culture of a business is determined by the kind of employees it has. A start-up team finds it difficult to acquire candidates who will go a long way in supporting the company realize its goals and objectives.
Reference
Duruflé, G., Hellmann, T. F., & Wilson, K. E. (2018). Catalysing entrepreneurship in and around universities. Retrieved from https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3192978
Javed, B., Rawwas, M. Y., Khandai, S., Shahid, K., & Tayyeb, H. H. (2018). Ethical leadership, trust in leader and creativity: The mediated mechanism and an interacting effect. Journal of Management & Organization , 1-18.
Sauser Jr, W. I., & Sims, R. R. (2018). Showing business students how to contribute to organizational cultures grounded in moral character. In Business Education and Ethics: Concepts, Methodologies, Tools, and Applications (pp. 485-507). IGI Global.
Sison, A. (2017). Handbook of virtue ethics in business and management. Retrieved from https://philpapers.org/rec/SISHOV
