THE BUSINESS

RESPONSIBILITIES AND
ACCOUNTABILITIES
 RESPONSIBILITIES OF AN
ENTREPRENEUR TO HIS EMPLOYEES
 SENSIBLE AND ATTRACTIVE
SALARY
The company should have attractive compensation
packages to attract more potential talents to join the
organization who can be of help in the achievement of the
long-term goals of the company. This can be also a source
of motivation for employees to do the job well assigned to
them according to the plans of the organization.
 ASSIGNMENT OF RIGHT JOBS

taking into consideration the technical and the

educational background of the employees in assigning
them to the job where they are good at. no
mismatching of jobs with employees’ qualification.
 PROVIDE SECURITY OF
EMPLOYMENT
the entrepreneur should give their employees job
security in the organization so that these employees
will be motivated to work with utmost dedication and
commitment. employees will no longer have fear to
lose the job and thus, develops higher degree of faith
with their employer.
 PROVIDE BEST WORKING
ENVIRONMENTS
making sure that the physical environment of the
workers are well taken-cared of by providing good
lighting, proper temperature and workable space for the
employees is an accountability by the entrepreneur. this
will make the workers comfortable working in their
own department.
 ASSUMPTION OF WELFARE
ARRANGEMENTS
entrepreneurs are also responsible in the welfare of
their employees. it is their accountability to provide
financial support during sickness, old age, accidents
and even death. even at the time of health crisis where
there are unemployment, employers should also
provide financial assistance.
 HUMANE BEHAVIOR TOWARDS
EMPLOYEES
employees should be treated compassionately by
allowing them to practice their rights and enjoy being
workers of the company. entrepreneur should create
humane workplace necessary for the workers to do the
things that they are tasked to do.
 FORMATION OF SMALL BUSINESS
RELATIONS
establishment of good relationship with the employees
to protect the interests of everyone. an organization
with good industrial relations may have effective
communication lines which is very important in any
organization.
 PARTICIPATION IN PROFITS AND
MANAGEMENT
there are instances when employers share their profits
to the employees. this is based on the principle that
profit of the organization is not of the owner alone but
also for the rest of the employees of the organization.
this can be one of the responsibilities of the
entrepreneur.
DEFINITE SERVICE SURROUNDINGS

The employees should also have full knowledge of all

these service conditions that may cover promotions,
appointment, penalties, suspensions and dismissals as
well as retirements, service period. There must be clear
and well-defined structure of these areas of
employment.
 ESPOUSE INCENTIVES WAGES
STRUCTURE
one way of inspiring employees to aspire for higher
quality of work is to give them incentives and salaries.
these provisions will be beneficial to both the workers
and the enterprise.
RESPONSIBILITIES TO THEIR
SUPPLIERS AND CREDITORS
 PAY FAIR PRICES OF GOODS AT A
REASONABLE TIME
entrepreneurs have the responsibility to pay for the
agreed prices with the suppliers. this helps in the
establishment of good relationship with the suppliers.
on the other hand, it is also the responsibility of the
entrepreneurs to pay their creditors at an agreed term.
 INFORM ABOUT CHANGES IN
MARKET
information on the changes in the market should be
provided by the entrepreneur to his supplier especially
on the demands of the commodities.
 GIVE GUARANTEE OF MINIMUM
PRICE
the entrepreneurs should give the assurance of lowest
prices to the suppliers so that the certainty of the price
will be sustained.
 PROVIDE TECHNICAL ADVICE

the entrepreneur has the responsibility to provide

procedural assistance his suppliers for the creation of
new and replaced supplies
 INFORM SUPPLIERS OF FUTURE
DEVELOPMENTS
provision of information on future growths to the
suppliers so that suppliers will be aware of these
circumstances and that they will develop themselves in
line with the changes of the business environment
PROMOTE HEALTHY COMPETITION

any unhealthy and hostile competitions among

suppliers should not be allowed by the entrepreneur.
this is one of the accountabilities of an entrepreneur to
his creditors and suppliers
 RESPONSIBILITIES AND
ACCOUNTABILITIES TO THEIR CLIENTS
 DETERMINATION OF FAIR PRICES

entrepreneurs should identify just process for the goods

and services so that customers will develop trust on the
product and in the long run, they also develop loyalty
to the business as well as to the product.
 TO RENDER GOOD AND ECONOMIC
SERVICES
good customer service is very important in a business.
it is the responsibility of the entrepreneurs to provide
good and cheaper services to the customers.
 STANDARDIZATION OF GOODS

the entrepreneurs should make sure that the product or

the goods bought by the customers are in good
condition so that it will not provide danger to the
customers when they use it. goods and services should
pass the quality standards set by the company as well
as the government.
 BEST AND ECONOMIC PACKING OF
PRODUCTS
packaging is an important marketing strategy. the
goods and services should be packed well to prevent
damage of the product.
 RIGHT AND TRUTHFUL
ADVERTISING
truthful and honest in advertising are very essential in
marketing the product. it is a moral and a social
responsibility of the entrepreneurs.
TO AVOID ADULTERATION, LOW WEIGHT
AND MEASUREMENT OF PRODUCTS

products should be produced following the specific

designs set by the quality standards of the company.
tarnishing of live-saving goods such as medicines are
harmful to life.
 RESPONSIBILITIES AND
ACCOUNTABILITIES OF
ENTREPRENEURS TO THE
GOVERNMENT
 COMPLIANCE OF GOVERNMENT
RULES
-the entrepreneur should be law abiding. whatever will
be required by the government, the entrepreneur should
comply with it in accordance with the law.
-the entrepreneur should comply with the laws
concerning attainment of licenses for a particular
business, running of the business, price identification
and even production of goods and services.
 PAYMENT OF TAXES

any business is taxed by the government. the

entrepreneur should follow the imposition of taxes
such as income tax and sales tax. there should be
honest declaration of income so that it will be taxed
accordingly.
 NOT TO SEEK POLITICAL
PATRONAGE BY UNFAIR MEANS
it is the responsibility of the entrepreneur not to seek
for any political support through provision of
unnecessary economic help to any political party or
politicians especially during elections.
 WORK TOGETHER WITH GOVERNMENT
FOR COMMERCIAL DEVELOPMENT
the entrepreneur should cooperate to the government by
appropriate application of existing resources in harmony
with the government objectives. for example, the
philippine government aims to increase employment for
retrenched employees during the health crisis. therefore,
the entrepreneur should help the government achieve its
aims.
THANK YOU