RESPONSIBLE ENTREPRENEURSHIP VISION DEVELOPMENT AND ETHICS

Rediscovering ethics and the importance of human resource management… 275
countries of Central and Eastern Europe has implied economic, social and political changes.
A new group of rapid-growth countries in Central and Eastern Europe as transition and emerging
market economies have begun to strengthen their market mechanisms through liberalization,
privatization by fostering and encouraging the birth and growth of new private enterprises.
Government policies contribute to exert a dominant influence in the social embeddedness of
entrepreneurship, on the nature and extent of the businesses that are created. The task and
challenge of post-socialist economies was to develop a reform process creating a policy context
for creation and growth of new businesses driving change moving from dismissing public
ownership to acquisition of private ownership. Fostering institutionalisation of entrepreneurial
policy helps to develop productive entrepreneurship (Smallbone & Welter, 2010). In particular,
the role of State seems to be as relevant to foster the development of small and medium
enterprises with regard to the ways of intervention by influencing macroeconomic environment.
The state should exert influence on the value related to role of enterprise and ends of
entrepreneurship within society by encouraging to develop businesses by cooperation of government
officials in dealing with entrepreneurs, by modifying the institutional conditions that
affect business conduction as to permit to entrepreneurship to contribute to social and economic
development (Smallbone & Welter, 2009).
Institutions shaping social and organizational behavior tend to provide formal and informal
rules of game that bound organizations and permit to enterprises to play a more active
role in the institutional environment (Hoskisson, Eden, Lau & Wright, 2000). Institutional
frameworks interacting with individuals and organizations tend to exert influence on the cognitive
and ethical considerations that shape human behavior (Tonoyan, Strohmeyer, Habib
& Perlitz, 2010). Strategic choices tend to reflect the formal and informal constraints of particular
frameworks (Peng, Wang & Jiang, 2008). Institutional environments tend to address
the conditions and contingencies leading organizations to seek legitimacy (Spencer & Gòmez,
2003; Suchmann, 1995; Meyer & Rowan, 1977). Within Eastern and Central Europe, the institutional
environment seems to exert significantly influence on the shape and pace of
entrepreneurship having a powerful influence on trajectories of entrepreneurial initiatives.
Thereby, differences tend to emerge with regard to different regulatory, cognitive and normative
pressures driving entrepreneurship in the emerging economies reflecting idiosyncratic
cultural norms and values, traditions and institutional heritage (Manolova, Eunni & Gyoshev,
2008). Thereby, despite of power of institutional and cultural forces constraining the action,
the entrepreneurs can act to shape their institutional environment encouraging activities that
facilitate the entrepreneurial initiatives. Entrepreneurship is considered to be as the engine
pushing the emerging economies forward and growing to be as a major economic force in
the world. Public policies tend to become market-oriented. Governments are opening the
domestic market space to foreign markets. Privatization tends to put pressure on public enterprises
and implies new joint ventures (Bruton, Ahlstrom & Obloj, 2008).
Promoting transparency against corruption as obstacle to
entrepreneurship development within emerging economies
Corruption as form of behavior violating the official ethics of public service tends to have
a negative effect on the growth and development of public and private sector economies
(Mauro, 1998) and a negative impact on economic issues and development of emerging