DOI: 10.5176/2251-3809_LRPP18.149
Authors: Dr. V.P.Thesara Jayawardane
Abstract:
Women-owned businesses in Sri Lanka, has increased significantly, creating a new generation of women entrepreneurs. This paper aims to outline the research connecting business ethics displayed by Sri Lankan women entrepreneurs when they are running successful entrepreneurial ventures. Women entrepreneurs as decision makers come across ethical issues when managing their businesses. It is identified that entrepreneurs come across ethical issues when they carry out their management responsibilities. Therefore, ethics and virtuous perspectives in management are crucial for the success of women entrepreneurs. The focus of this paper is to encourage women entrepreneurs to maintain ethical practices that are essential for their business survival. This research was undertaken using data which was obtained using both primary and secondary sources. A structured questionnaire was used to acquire the primary data while secondary data was extracted from the literature. Qualitative methodology is used for analysis, and the total number of questionnaires distributed was 30 in a chosen sample of established women entrepreneurs of Sri Lanka. The study identified that there was a significant relationship between the ethical practices of the women entrepreneurs and the performance of their business. These findings will ensure a better understanding of how women entrepreneurs think and integrate business ethics into their decision-making. In conclusion, essential business ethics are suggested which should be adopted by the women entrepreneurs in Sri Lanka as well as recommendations for future research.
Keywords: Women Entrepreneurs, Business Ethics, Successful Business, Sri Lanka
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