200 CEOs Support Humane Entrepreneurship

200 CEOs Support Humane Entrepreneurship

ICSB’s Humane Entrepreneurship Initiative Adopted by CEOs of nearly 200 companies

August 20, 2019

ICSB in 2015 started advocating for a new perspective on what Business Corporations should mean to society, employees, stakeholders, and the world. In two separate articles published in the ICSB’s Journal for Small Business Management, co-authored by Drs. Ki-Chan Kim (co-founder of HumaneEntreprenuership) and Dr. Roberto Parente (Founder of the Salerno Declaration on Humane Entrepreneurship) ICSB became the first organization in the world to create a new business model for corporations to consider.

ICSB also set in motion a series of global events hosted by partners in Seoul, Washington DC, Paris, Cairo, Tokyo, Jakarta, New York, Dubai, Salerno, Buenos Aries with a goal of discussing this new topic and putting a comprehensive model for Humane Entrepreneurship to further build awareness and support. The most recent United Nations event on MSMEs Day also focused on the topic of Humane Entrepreneurship.

ICSB supported various partner declarations to put a new proposed Humane Entrepreneurship framework as follows:

The function of organizations, globally, goes far beyond purely bottom‐line incentives. Investing in human capital can be a springboard for diversification of national wealth and the economy, reducing many countries’ dependence on natural capital and the commodity‐driven boom‐and‐bust cycles common to many low and middle‐income countries. Humane Entrepreneurship is a relatively new theory, but we believe it raises substantial questions regarding positive, sustainable business practices.

ICSB is very proud to announce that the Business Roundtable, a group of chief executive officers from major U.S. corporations, issued a statement Monday with a new definition of the “purpose of a corporation” confirming ICSB’s vision and work on Humane Entrepreneurship since 2015. They stated:

The reimagined idea of a corporation drops the age-old notion that corporations function first and foremost to serve their shareholders and maximize profits. Rather, investing in employees, delivering value to customers, dealing ethically with suppliers and supporting outside communities are now at the forefront of American business goals, according to the statement.

“While each of our individual companies serves its own corporate purpose, we share a fundamental commitment to all of our stakeholders,” said the statement signed by 181 CEOs. “We commit to deliver value to all of them, for the future success of our companies, our communities and our country.” While each of our individual companies serves its own corporate purpose, we share a fundamental commitment to all of our stakeholders. We commit to:

– Delivering value to our customers. We will further the tradition of American companies leading the way in meeting or exceeding customer expectations.
– Investing in our employees. This starts with compensating them fairly and providing important benefits. It also includes supporting them through training and education that help develop new skills for a rapidly changing world. We foster diversity and inclusion, dignity and respect.
– Dealing fairly and ethically with our suppliers. We are dedicated to serving as good partners to the other companies, large and small, that help us meet our missions.
– Supporting the communities in which we work. We respect the people in our communities and protect the environment by embracing sustainable practices across our businesses.
– Generating long-term value for shareholders, who provide the capital that allows companies to invest, grow and innovate. We are committed to transparency and effective engagement with shareholders.

Please read full staement: BusinessRoundtableStatementonthePurposeofaCorporation


GW October Conference 10th Anniversary – Oct. 3-4

GW October Conference 10th Anniversary – Oct. 3-4

GW October Conference 10th Anniversary – Oct. 3-4

August 16, 2019

Ten years ago, Dr. El Tarabishy approached the leadership of GWSB Department of Management (Dr. Erik Winslow, Chair and an ICSB Wilford White Fellow) to start an innovative new boutique type of conference with the sole purpose at looking at the intersection of evidence-based entrepreneurship research and its implication on the development of Policy. The first conference in collaboration with ICSB was inaugurated by presentations from leading global researchers like Drs. David Storey, Paul Reynolds, David Smallbone, and Denny Dennis.

Since then, the GW Global Entrepreneurship Policy & Research conference (GW October) held one of its presentation days at partner organizations like the World Bank, IFC, IADB, US Chamber of Commerce, NFIB, and other great institutions. Other global leaders joined like Dr. Patricia Greene from Babson College, Ambassador of the Republic of Korea, Mr. Jim Clifton from Gallup, the United States Small Business Administrator, and  Senior World Bank Directors.

2019 is the 10th Anniversary of GW October Conference.

GW October Conference invites all who attended previously and new delegates to join for a Special Anniversary Celebration.

ICSB International Office is proud to announce the Call for Papers and Registration is open for the 10th annual GW October Conference titled, “Entrepreneurship Ecosystems – The Future Ahead”.

The conference to be held October 3-4 with paper and workshop session and it includes a special pre-conference on October 2 hosted by ICSB International Office in collaboration with United States Small Business Administration (SBA).

SBA will provide an all-day session on the five pillars that are necessary to support SMEs. Other topics on entrepreneurship policy and the role of the state will address the role that government policy plays in shaping the climate for small business starts and growth. 

Register here fro GW October Conference.

 Closing Date of Online Registration:  September 30, 2019

The normally two-day program has been expanded with pre-conference workshops.

The ICSB Global Certificate Program will also be held, including:

  1. Global Social Entrepreneurship Certificate,
  2. Creativity and Innovation Certificate, and,
  3. The Global Entrepreneurship Certificate.

Read More and Register (click here).

We invite authors to submit brief abstracts for the opportunity to present at the conference on various topics including Humane Entrepreneurship, Entrepreneurship Ecosystems, Entrepreneurship & SME Policy.

Click Here to Submit Abstract.

  Deadline for Abstract Submissions: September 15, 2019

  Authors will be notified of decision: September 20, or sooner. 

Best Wishes,
Dr. Ayman El Tarabishy
ICSB Executive Director of ICSB
Permanent Mission of Argentina to the UN Recognizes ICSB Executive Director for his Idea to Create a United Nations International Name Day for MSMEs.

Permanent Mission of Argentina to the UN Recognizes ICSB Executive Director for his Idea to Create a United Nations International Name Day for MSMEs.

Permanent Mission of Argentina to the UN Recognizes ICSB Executive Director for his Idea to Create a Dedicated United Nations International Name Day for Micro,- Small and Medium-sized Enterprises.

August 8, 2019

Permanent Mission of Argentina to the United Nations, recognizes Dr. Ayman El Tarabishy, Professor and Deputy Chair of the Management Department at the George Washington University and Executive Director of ICSB for his original idea to create a United Nations International Name Day to support Micro-, Small and Medium-sized Enterprises. June 27 from now on is the official UN International Name Day for MSMEs.

Official Statement
The Permanent Mission of Argentina to the United Nations
June 27, 2019

Dear Colleagues and Friends,

When Argentina, with the support of ICSB, decided to present a resolution in the United Nations establishing June 27th as MSMEs Day, our idea was to showcase the importance of these enterprises in the achievement of the 2030 Agenda.

As it was mentioned earlier today by the Secretary for MSMEs and Entrepreneurship of Argentina, it is a great satisfaction to witness that the visibility of the MSMEs has been increasing since the adoption of the resolution. Previously, the work done at the United Nations was more on a technical level, with specific agencies like the United Nations Conference on Trade and Development (UNCTAD) and the International Trade Center (ITC) addressing the issue, but was rarely incorporated in General Assembly resolutions or other High-Level Documents.

This situation has changed. From the year 2017 and the establishment of the day, these references have been appearing in more documents and the topic has garnered support in the United Nations and in many other international fora.

When we drafted the resolution on the establishment of the MSMEs Day, we wanted to raise awareness on the relevance of these enterprises and we are delighted to see that, with the support of all stakeholders, this is happening.

Finally, on behalf of the Permanent Mission of Argentina to the United Nations, I would like to recognize the person that came up with the idea of the International Day that brought all of us here today, the Executive Director of ICSB, Dr. Ayman El Tarabishy.

Permanent Mission of Argentina
United Nations

Impact Investment and Innovation in Nascent Ecosystems

Impact Investment and Innovation in Nascent Ecosystems

Impact, Investment and Innovation in Nascent Ecosystems

August 12, 2019

5 trillion US-dollars per year is the amount needed from the private sector to achieve the Sustainable Development Goals (SDGs) by 2030.

According to UNCTAD’s projections, 5 trillion US-dollars per year is the amount needed from the private sector to achieve the Sustainable Development Goals (SDGs) by 2030. And the good news is that according to Google trends (linked to keyword google search “impact investing”), more and more people are willing to invest to achieve these goals as we can see a clear rise of interest in impact investing. So, it is without a doubt that we’ve seen a growing allocation of funding toward impact investing. Now, despite the growing interest and commitments, the amount allocated toward impact investing is still low when you have in mind the number of 5 trillion US-Dollars to invest per year. When you look into the 1.3 trillion US-dollar assets under management of Goldman Sachs, less than 1% is allocated toward impact .

It’s no longer simply about making money, it’s also about having a purpose and this socially responsible mindset is not simply anecdotal. The impact investing trends mentioned before and success stories on the market do prove that there is an “ROI to funding a cause”. And not only does the younger generation believe that profit and purpose go hand in hand, it is also a generation of entrepreneurs. 

To read more click on the ICSBGazette30.pdf.

ICSB Academy in Cairo – A Universe of Ideas!

ICSB Academy in Cairo – A Universe of Ideas!

ICSB Academy in Cairo – A Universe of Ideas! 

July 30, 2019

ICSB Academy In Egypt – The Youth Send a Message – WE ARE COMING! 

Imagine what 1.8 billion people can do. According to the UN, that number represents the world’s youth population between 10 and 24 years old. The under-25 represents 43% of the world’s population. In developing nations, the under-25 demographic is 60 percent. Imagine if those 1.8 billion were responsible for a five percent boost in the standard of living – of their family, of their village, of their nation, of the world. If each of the 1.8 billion created an average of two jobs, that would be over 3.5 billion new jobs! And imagine if that entrepreneurial spirit solved some of our most pressing challenges in the years ahead. Poverty. Water. Food. Housing. Transportation. Healthcare. And education.

Under the leadership of Drs. Alves and Ines, and global faculty from USA, Argentina, Germany, Egypt, Italy, France, the Academy sparked imaginations, ideas, conversations, and friendships for life. The ICSB Academy continues to shine and it is powered by the unrelenting efforts of the youth and their desire to make the world a better place! 

ICSB takes a back seat and lets the youth drive us to a brighter future.

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