Stanford Innovation Lab
Teaching Ethical Entrepreneurship
Sep 1, 2020
Entrepreneurship educators Laura Dunham and Jon Fjeld discuss the importance of ethics in entrepreneurship education. They explore the ethical implications of disruptive business models like Uber and the temptation to stretch the truth for investor attraction. The speakers also emphasize the value of honesty, transparency, and ethical decision-making in entrepreneurship. They highlight the growing interest among students and teachers in teaching ethical frameworks in entrepreneurship courses.
24:30
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Quick takeaways
- Entrepreneurs must consider the ethical implications of their actions and prioritize the well-being of all stakeholders involved.
- Honesty and transparency are crucial in entrepreneurship; entrepreneurs should base their plans on accurate assumptions and be transparent about their intentions.
Deep dives
Ethical Disruption and Responsibility in Entrepreneurship
The podcast explores the ethical considerations surrounding disruptive innovation in entrepreneurship. The conversation emphasizes the need for entrepreneurs to understand the consequences of their actions and take responsibility for the impact they have on various stakeholders. While disruptive innovation can bring positive change, it must be approached ethically, considering the principles and values at stake. The case of Uber's business model and its use of software to evade regulations illustrates the importance of ethical decision-making. Entrepreneurs are encouraged to assess whether their actions will contribute to a better society and consider the risks and rewards for all involved.
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