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JOURNAL OF LEADERSHIP, ACCOUNTABILITY AND ETHICS
Redefining Entrepreneurship: A Virtues and Values Perspective
Author(s): Robert A. Miller, Elizabeth W. Collier
Citation: Robert A. Miller, Elizabeth W. Collier, (2010) "Redefining Entrepreneurship: A Virtues and Values Perspective," Journal of Leadership, Accountability and Ethics, Vol. 8, Iss. 2, pp.80 - 89
Article Type: Research paper
Publisher: North American Business Press
Abstract:
Just as the entrepreneur is key to the health of a society’s economy, so too is the entrepreneur key to its
ethical well being. Narrow definitions of entrepreneurship that measure success based on wealth creation
alone constrict responsible responses to ethical challenges, contributing to continual ethical lapses. This
paper examines Cornwall and Naughton’s emphasis on virtue as an important element of successful
entrepreneurship. It then proposes a new definition of entrepreneurship based on endowing resources
with new value rather than the more narrow vision of endowing resources with new wealth producing
capabilities.
