Ethical theories of entrepreneurship

What are the ethical theories of entrepreneurship?

Probably all entrepreneurship theories have ethical dimensions. We highlight just a few here.

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

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

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.

Machiavellian realism is considered by many to be unethical if used outside of the medieval context.

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