SBANC Newsletter

May 3, 2005

Issue 370-2005

QUOTE

"People are definitely a company’s greatest asset. It doesn't make any difference whether the product is cars or cosmetics. A company is only as good as the people it keeps."

        -- Mary Kay Ash

 

FEATURE PAPER

Business Ethics for Unseasoned Entrepreneurs: Trends and Concerns for Professionals and Stakeholders

This paper was presented by Michael W. Boyd of the University of Tennessee at Martin at the 2004 Allied Academics International Conference in New Orleans, Louisiana.

ABSTRACT

This manuscript looks at the importance of ethical behavior and decision-making in today’s business operations. It points out who is involved and some of the ramifications of unethical business dealings over time. Ethical standards are entwined throughout our companies today no matter what their size. It is imperative that young entrepreneurs understand how some of society’s accepted actions have evolved over time and the problems that can arise if not checked in the early stages of start up for new businesses. To develop an organization that normally operates ethically in all of their dealings the founder needs to set the trend early in the company’s life span.

INTRODUCTION


Ethics play a major role in today's "arm's length" business transactions, and in turn, those transactions play a major role in the lives of all stakeholders. Taking a closer look at today's business ethics and how each party is affected can benefit all the participants in this dynamic process. Many entrepreneurs are new or relatively new to the business world and can be somewhat naïve about common business practices that have evolved over time. Questions arise such as, should a business have morality, or is that a human characteristic? Should all executives, managers, and employees answer to the same set of rules for ethical conduct? Are ethical standards the same for a person at work as they are when that person is not at work? Who is guilty if an employee performs an unethical or illegal act while working for a company? What should be done if an employee calls attention to unethical practices that are condoned by the company? Are there any correct answers or do the answers depend on the situation and circumstances? Recently, major unethical and/or illegal acts have been exposed in many of our corporations. This discussion will hopefully better equip our business leaders and young entrepreneurs to deal with ethical questions arising from situations in which they find themselves.

Read the Entire Paper...


TIP OF THE WEEK

Six Principles for Retaining Loyal People and Partners

  • Preach what you practice. Communicate the vision, goals, and values of the organization. Practice what you preach is also required.
  • Partners must win also. Enable your vendors and partners to participate in win-win venture.
  • Be selective in hiring. Select people with values consistent with the firm's. Membership on the team is selective.
  • Use teams of talented people. Use small teams for most tasks and give them the power to decide. Provide simple rules for decision-making so teams can act.
  • Provide high rewards for the right results. Reward long-term values and profitability. Provide solid compensation, benefits, and ownership.
  • Listen hard, talk straight. Use honest, two-way communication and build trust. Tell people how they are doing and where they stand.

Byers, Thomas H., and Richard C. Dorf. Technology Ventures: From Idea to Enterprise. New York: McGraw Hill, 2005. 277.


CONFERENCES

The Data Warehousing Institute (TDWI)
The Data Warehousing Institute (TDWI) is holding its World Conference at the Baltimore Marriott Waterfront in Baltimore, Maryland on May 15-20, 2005.
For more information, visit: http://www.tdwi.org/info.aspx?id=13561

International Association for Computer Information (IACIS)
The International Association for Computer Information (IACIS) will hold its IACIS Pacific 2005 Conference at the Grand Hotel in Taipei, Taiwan on May 19-21, 2005. The theme for the conference will be "Technology and Information Security Issues in Knowledge-Based Organizations."
For more information, visit: http://www.iacis.org/

The Arab Academy for Banking and Financial Sciences
The Arab Academy for Banking and Financial Sciences is holding its 12th Annual International Conference in Amman - The Hashemite Kingdom of Jordan, at Le Royal Hotel on May 29-31, 2005. "The Role of Banks, Financial and Economic Institutions in Promoting and Financing the Small and Medium Enterprises," will cover the main financial and economic issues faced by SMEs in the Arab countries and worldwide.
For more information, visit: http://www.aabfs.org/EB/Conf/Enhome.asp

Marketing Education Resource Center
The Marketing Education Resource Center is holding its 2005 Conclave and Professional Conference at the Renaissance Seattle Hotel, Seattle, Washington on June 23-26, 2005. Conclave programming will include an abundance of information from six conferences
which will cover Marketing Management, Entrepreneurship, E-Business/Technology, International Business, Sports/Events Business, and Hospitality/Tourism.
For more information, visit: http://www.mark-ed.org/conclave/default.htm

Business Retention and Expansion International (BREI)
Business Retention and Expansion International sill hold its 12th Annual Business Retention & Expansion International (BREI) Conference at The Nashville Downtown Hilton in Nashville, Tennessee on June 2-4, 2005.
For more information, visit: http://www.brei.org/


CALL FOR PAPERS

Association of Management and International Association of Management (AoM/IAoM)
Association of Management and International Association of Management (AoM/IAoM) will hold its 22nd Annual Conference at the Norfolk Waterside Marriott, Norfolk, Virginia on August 12-14, 2005. The theme for this conference will be The Power and Effectiveness of Management, Education, Technology, and Leadership (METL) across Disciplines.
Submission Deadline: May 26, 2005
For more information, visit: http://www.aom-iaom.org

The CIBER Research Institute
The CIBER Research Institute will have its EABR Conference (business & economics) and TLC Conference (teaching methods, styles, and administration) in Athens, Greece at The Athens Marriott on June 13-17, 2005.
Submission Deadline: May 15, 2005
For more information, visit: http://www.CIBERinstitute.org

IPSI-2005 MONTENEGRO
IPSI will hold The International IPSI-2005 Montenegro Conference in Hotel Sveti Stefan, Montenegro on October 1-8, 2005. Topics include: Education, Computer science and engineering, B2B, B2C, E-Business Management.
Submission Deadline: June 30, 2005
For more information, visit: http://www.internetconferences.net/montenegro2005/index.html

North American Case Research Association (NACRA)
The North American Case Research Association (NACRA) will hold its Annual Conference at the Sea Crest Oceanfront Resort & Conference Center in North Falmouth, Massachusetts (Cape Cod) on October 27-29, 2005.
Submission Deadline: June 13, 2005
For more information, visit: http://www.emich.edu/nacra/website/capecod1.htm

College of Business and Leadership at Fort Hays State University
College of Business and Leadership at Fort Hays State University will hold the first annual Business and Leadership
Symposium in Hays, Kansas on September 28 - 29, 2005. The best proposals in the Symposium are eligible for
publication consideration in the Journal of Business and Leadership: Research, Practice, and Teaching.
Submission Deadline: July 15, 2005
For more information, visit: http://www.fhsu.edu/cob/


ANNOUNCEMENTS

United States Association for Small Business and Entrepreneurship's Experiential Classroom VI

The Experiental Classroom is an annual clinic designed to demonstrate practical, simple, provocative, and innovative ways in which those who are new to the teaching of entrepreneurship can use a variety of experiential and application-oriented pedagogical tools. It is designed primarily for
* Faculty members from literally any discipline who are re-tooling so that they can teach entrepreneurship.
* Entrepreneurs planning to return to the classroom to teach entrepreneurship courses.
* Adjunct faculty teaching entrepreneurship on a part-time basis.
* New faculty teaching entrepreneurship for the first time.
* Center directors coordinating entrepreneurship courses.

Experiential Classroom VI will take place September 15-18, 2005, at Syracuse University. To find out more or to register online, visit http://www.whitman.syr.edu/eee/falcone/classroom/index.asp.

 

The SBANC Newsletter is provided as a service to the members of our affiliates: Academy of Collegiate Marketing Educators (ACME), Association for Small Business& Entrepreneurship (ASBE), Decision Sciences Institute (DSI), Federation of Business Disciplines (FBD), International Council for Small Business Congress (ICSB), Institute
for Supply Management, The International Small Business Congress (ISBC), Marketing Management Association (MMA), Small Business Administration (SBA), Service Corps of Retired Executives, Small Business Institute (SBI), Society for Marketing Advances (SMA), United States Association for Small Business & Entrepreneurship (USASBE), U.S. Department of Veterans Affairs and Western Decision Sciences Institute (WDSI). If you are interested in membership or would like further information on one of our affiliates, please see our web site at http://www.sbaer.uca.edu


SBANC STAFF

Main Office Phone: (501) 450-5300

Dr. Don B. Bradley III, Executive Director of SBANC & Professor of Marketing

Direct Phone: (501) 450-5345, E-mail: donb@uca.edu

Esther Mead, Co-Lead Development Director, E-mail: estherledelle@yahoo.com

Ashley Ford, Development Intern, E-mail: mailto:"amf03002@uca.edu"

To subscribe or unsubscribe to the SBANC Newsletter, please E-mail SBANC at sbanc@uca.edu

Small Business Advancement National Center - University of Central Arkansas
College of Business Administration - UCA Box 5018 201 Donaghey Avenue
Conway, AR 72035-0001
- Phone (501) 450-5300 - FAX (501) 450-5360