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SEAWOLF:
Ogunyemi, Kemi
Ogunyemi, Kemi
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seawolf_94.pdf
Adobe PDF, 76.51 KB
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Abstract
Entrepreneurial ethics includes managing stakeholders in a respectful and fair manner (Harris, Sapienza and Bowie, 2009). Fulfilling this moral obligation, especially with regard to employees and unions, in a proactive manner can move these stakeholders into the desirable quadrant of the stakeholder management matrix – the supportive quadrant. The case study of Seawolf illustrates this by showing how a Nigerian entrepreneur, by being proactive and maintaining ethical considerations, succeeded in making and keeping employees and unions supportive of the organization. Thus, the paper lends empirical credence to the theory that employees – and unions when operating in a unionized industry – are important stakeholders in an organization and shows how paying a competitive wage and dealing with employees and unions fairly helped a couple of Nigerian entrepreneurs who established the first indigenous drilling company in the Nigerian oil and gas industry to run it successfully.
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Conference proceedings
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2012
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With permission of the license/copyright holder