Do Micro- Small and Medium Enterprises Have a Soul?

Do Micro- Small and Medium Enterprises Have a Soul?

 

The soul is the expression of profound individual and collective values. Some enterprises, especially MSMEs (Micro-Small and Medium Enterprises), seem to have a “soul.” There is an inexplicable, underlying factor that makes them appear more vibrant. Perhaps the best way of understanding this vibrancy is to observe the people and identify the values that underpin this organizational culture.

DO MICRO-, SMALL, AND MEDIUM ENTERPRISES HAVE A SOUL?

December 10, 2018

 

The ICSB Gazette is a weekly edition of a key topic that ICSB will showcase. The content is varied from research, practice, policy, and education. This week’s issue features Louis Jacques Filion, an honorary professor at HEC Montreal, the Montreal Business School. To read the full article, click below.

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U.S Postal Service Invites ICSB to Micro Business Macro Impact Event

U.S Postal Service Invites ICSB to Micro Business Macro Impact Event

The Role of the U.S Postal Service in Microbusiness Growth and Prosperity – ICSB Joins the Dialogue

On behalf, of the President of ICSB, Dr. Geralyn Franklin, the ICSB Executive Director attended and spoke at USPS major conference titled “Micro Business, Macro Impact – The Role of the U.S. Postal Service in Microbusiness Solutions”.

From agriculture to law, and online marketplace to home garages, microbusinesses underpin the American economy. While small in scale, with 0 to 9 employees – this sector accounts for about three-fourths of all U.S. private-sector businesses and comes with a diverse set of needs.

Dr. El Tarabishy, thanked on behalf of Dr. Franklin, the efforts of USPS to focus on micro businesses and discussed ICSB efforts to raise global awareness of the importance of micro businesses. Micro-, small and medium enterprises, the first responders to societal needs. These types of enterprises are responsible for significant employment and income generation opportunities across the world and have been identified as a major driver of poverty alleviation and development.

MSMEs tend to employ a larger share of the vulnerable sectors of the workforce, such as women, youth, and people from poorer households. MSMEs can even sometimes be the only source of employment in rural areas. As such, MSMEs as a group are the main income provider for the income distribution at the “base of the pyramid”.

MSMEs should be the first responders to societal needs and provide the safety net for inclusiveness.

Discussion questions for the session covered the following topics: What challenges, needs, and wants do microbusinesses have for their shipping and mailing activities? What does reliability and quality service mean for mailing and shipping?  As microbusinesses grow, what challenges do they face in expanding that the Postal Service could be a solution for?

In attendance of this session where, Mr. John Pellegrin, Fairfax County Small Business Commission, Chairman. Mrs. Ashley Shillingsburg, eBay, Senior Manager of Government Relations, and Wendy Urquhart, Taradel, Vice President of Business Development.

Dr. El Tarabishy, on behalf of ICSB, invited USPS to celebrate MSMEs Day and declare June 27th – USPS MSMEs Day!

U.S Postal Service Invites ICSB to Micro Business Macro Impact Event

Thursday, November 29, 2018

The Role of the U.S Postal Service in Microbusiness Growth and Prosperity – ICSB Joins the Dialogue

On behalf, of the President of ICSB, Dr. Geralyn Franklin, the ICSB Executive Director attended and spoke at USPS major conference titled “Micro Business, Macro Impact – The Role of the U.S. Postal Service in Microbusiness Solutions”.

From agriculture to law, and online marketplace to home garages, microbusinesses underpin the American economy. While small in scale, with 0 to 9 employees – this sector accounts for about three-fourths of all U.S. private-sector businesses and comes with a diverse set of needs.

Dr. El Tarabishy, thanked on behalf of Dr. Franklin, the efforts of USPS to focus on micro businesses and discussed ICSB efforts to raise global awareness of the importance of micro businesses. Micro-, small and medium enterprises, the first responders to societal needs. These types of enterprises are responsible for significant employment and income generation opportunities across the world and have been identified as a major driver of poverty alleviation and development.

MSMEs tend to employ a larger share of the vulnerable sectors of the workforce, such as women, youth, and people from poorer households. MSMEs can even sometimes be the only source of employment in rural areas. As such, MSMEs as a group are the main income provider for the income distribution at the “base of the pyramid”.

MSMEs should be the first responders to societal needs and provide the safety net for inclusiveness.

Discussion questions for the session covered the following topics: What challenges, needs, and wants do microbusinesses have for their shipping and mailing activities? What does reliability and quality service mean for mailing and shipping?  As microbusinesses grow, what challenges do they face in expanding that the Postal Service could be a solution for?

In attendance of this session where, Mr. John Pellegrin, Fairfax County Small Business Commission, Chairman. Mrs. Ashley Shillingsburg, eBay, Senior Manager of Government Relations, and Wendy Urquhart, Taradel, Vice President of Business Development.

Dr. El Tarabishy, on behalf of ICSB, invited USPS to celebrate MSMEs Day and declare June 27th – USPS MSMEs Day!

Humane Entrepreneurship takes Center Stage in Seoul, S. Korea

Humane Entrepreneurship takes Center Stage in Seoul, S. Korea

Humane Entrepreneurship, Center Stage in Seoul, S. Korea

November 27, 2019

The Power of an Idea from ICSB.

The month of November experienced the most active engagement of global leaders coalescing together on key topics related to Micro businesses, SMEs and Entrepreneurship.

A major conference that will have positive ramifications for years to come was held on November 26th, in Seoul, S. Korea under the leadership of Dr. KiChan Kim, past president of ICSB, and the co-founder of the Humane Entrepreneurship initiative that ICSB adopted as the main theme. In attendance and as a keynote speaker to the conference Ms. Chantal Line Carpentier Chief, New York Office, the United Nations Conference on Trade and Development (UNCTAD). Ambassador Oh Joon, former President of the UN ECOSOC Group was also a keynote speaker.

ICSB, in 2016, and under the leadership of KiChan Kim as the president proposed a new vision for entrepreneurship titled Humane Entrepreneurship. The Moon Jae-in administration assumed leadership of S. Korea in May 2017 and immediately started to explore further how technology and science be used to further build a human-centered society. They proposed a new view of society called a “people-centered economy,” South Korea’s government says its strategy consists of three elements: increasing the number of jobs and income, growing innovation, and creating a “fair economy.” While the country’s investments in technology will continue to focus on major directions led by concepts such as networks of devices connecting to each other and exchanging data – the internet of things – big data and 5G, the president stressed the importance of catering to actual citizen needs.

Dr. George Solomon, Editor of the ICSB Journal for Small Business Management, commissioned major research projects to lay the groundwork for an academic review of the topic and to start building a robust new research domain. Two groundbreaking articles were published in 2017 proposing a system of ideas intended to explain this new concept that is based on general principles. Dr. Roberto Parente, ICSB President Award recipient, authored one of these seminal research articles and to represent a provocative European perspective.  Dr. KiChan Kim, led the other initiative to put forth an Asian viewpoint. (click here to view these article 1 and article 2). Research now is underway in Latin America, United States, Australia, Canada, and Mexico.

Dr. Geralyn Franklin, current President of ICSB, led a major ICSB meeting at the United Nations to broaden this topic and to add a new and key dimension to the discussion that covered high growth women entrepreneurs. Incoming President of ICSB, Ahmed Osman, added the Middle East dimension with a major focus on youth and the key idea of the Power of the 1.8 Billion to be presented at the ICSB 64th World Congress in Cairo, Egypt. Dr. Mark Shenkel, President of USASBE, as ICSB member affiliate, is leading the premier United States Conference on the topic of Entrepreneurship Education. Dr. Ruben Ascua, Past President of ICSB, and the most decorated leader of SMEs in Argentina continues to integrate Humane Entrepreneurship in the regional Red Pymes conference.

The Seoul Conference was a culmination of a global push by ICSB to raise awareness of the importance of Humane Entrepreneurship. The conference included discussion of best practices and initiatives taken to support humane entrepreneurship at the national, regional and international levels, including with regard to the identification, formulation, implementation and assessment of coherent policy measures on entrepreneurship and the promotion of micro-, small and medium-sized enterprises.

As the ICSB Executive Director, Dr. Ayman El Tarabishy, pointed out, ICSB is leading a new global storm that will sweep away all the periphery noises and get back to one key topic. How can we improve the lives of all human beings through entrepreneurship, micro-businesses, and SMEs?

ICSB 64th World Congress Heads to Cairo Egypt

ICSB 64th World Congress Heads to Cairo Egypt

ICSB 64th World Congress Heads to Cairo, Egypt

Tuesday 27, 2019

THE FUTURE OF ENTREPRENEURSHIP

THE POWER OF 1.8 BILLION UNLEASHED

Never before has the world seen so many young people as mentioned in the United Nations’ Population Fund (UNFPA) report. The Future of Entrepreneurship lies with this segment of the population, who will who have the potential to lead and solve our global challenges.  However, to become the innovators, leaders, thinkers and problem solvers, families, societies, cities, and countries should invest in the skills and knowledge that they will need to advance economic and social progress. This is the future of work. This is the meaning of work in a sustainable world.

ICSB 64TH World Congress shines the light on Egypt. Why?

Well, Egypt is on the move. How so? With a population approaching 100 million people and with more than 50% under the age of 30, that is all you need to know. But the good news doesn’t just stop there. With a large tech-minded population with expertise in mobile and web-based applications, innovative products and services are at your fingertips. The numbers also bear out the impact of entrepreneurship and small business formation is having on the Egyptian economy. Here is what we know; the current internet penetration rate is 40% and growing. There are more than 100M mobile phone users and clients. Mobile banking is growing at a fast rate. Currently, only 10% of the population have a bank account. There is room for tremendous growth to occur with Egypt becoming a leading hub for promising entrepreneurs.

Throughout its history, Cairo has been a gateway for commerce and culture between the peoples of Africa, the Middle East, Europe, and Asia. The 64th ICSB World Congress will convene a world-wide gathering of entrepreneurs and thought leaders to host a global forum to discuss the future of entrepreneurship. ICSB in partnership with the International Labour Organization (ILO) will explore how the paradigm shift towards a more inclusive economic growth and sustainability is impacting support for MSMEs. Inspiration from Egyptian small business leaders and experiences Leaders of Academic, Social and Political Organizations will continue a common reflection about the role of the entrepreneurial system in the pursuit of sustainability and social promotion. The results of this debate will nurture further initiatives of ICSB to be undertaken in the framework of the collaboration with the United Nations about SDG accomplishment.

 ABOUT THE CONFERENCE THEME and SUBMISSION

Small and medium-sized enterprises (SMEs) are major contributors to every economy. With more than 70% of the population in many countries employed by SMEs, there is an increasing awareness of the need to foster and support entrepreneurship. The private sector is undergoing a tremendous transformation led by SMEs. Innovation is occurring throughout the country and not just limited to urban areas. An environment has been established where locals are able to create their own job opportunities. Creative ideas around the financing and licensing of companies are available to the private sector and small business owners. Legislation has been passed which gave a specific mandate to support SMEs.

SMEs are on the move. Dynamism is here. Innovation is here.
Creativity is here.
ICSB is Leading the Global Dialog on Micro businesses and SMEs.

Founded in 1955, the International Council for Small Business (ICSB) was the first international membership organization to promote the growth and development of small businesses worldwide. The organization brings together educators, researchers, policy-makers, and practitioners from around the world to share knowledge and expertise in their respective fields. ICSB is devoted to the advancement of management development practices for potential entrepreneurs and existing small business owner/managers through education, research, and the free exchange of ideas.

Egypt Entrepreneurship Summit Sparkles in Luxor Egypt

Egypt Entrepreneurship Summit Sparkles in Luxor Egypt

Egypt Entrepreneurship Summit Sparkles in Luxor, Egypt

Tuesday, November 27, 2018

The Valley of the Kings and Queens Focus on SMEs

The Egypt Entrepreneurship Summit (EES) 2018, organized by the International Labour Organization (ILO) in partnership with ICSB and many other partners hosted in Luxor, Egypt, just concluded its fourth year. Over 300 delegates attended the 2018 EES conference. Since its inception in 2015, EES has grown substantially in size and scope. The EES was the prime highlight of Egypt’s Global Entrepreneurship Week (GEW) celebrations in 2018.

This year’s EES gathered cutting-edge thinkers, practitioners, and policymakers, to review together the state of entrepreneurship in Egypt. Minister Sahar Nasr, the Egyptian Minister of Investment and International Cooperation, inaugurated the conference with a speech focused on the importance of SMEs in building a vibrant and robust entrepreneurial ecosystem. Minister Sahar also announced the hosting of the 64th ICSB World Congress to be hosted in Cairo from June 18-21. ILO Officer in Charge Eric Oechslin welcomed participants and focused on ILO’s work in the field of Decent Jobs for Youth. Incoming ICSB President, Ahmed Osman, announced exciting initiatives underway in collaboration with many partners in the Egyptian Entrepreneurship Ecosystem as well as the plans in preparation of the ICSB World Congress in Cairo in June 2019. MCSBE President, Amr Abouelazm, welcomed the many delegates for EES and presented a brief overview of the current MCSBE initiatives and the new plans in preparation.

Experts from many fields, including but not limited to, SME leaders, corporations, academics, government officials and policy makers, entrepreneurs, youth, entrepreneurship supporting organizations such as incubators, accelerators and educational- and training institutions came together to discuss barriers and celebrate innovative successes. EES 2018 overarching theme “Bridging the Gap: International and National Best Practices”.

The EES Summit featured four distinct themes: women entrepreneurs, youth, inclusion and ecosystem development. EES 2018 offered breakout sessions on (i) Education Innovation, looking at development needs from technical to higher level education, (ii) Financial Technology, by far the largest driver of innovation challenging old business models and Digital Economy to enhance inclusiveness and innovation (iii) the Youth Entrepreneurship Academy, where young entrepreneurs and scholars can present their papers and receive feedback and advice from renowned researchers in their field.

One of the main highlights of the EES Summit was the Nawah Competition. The fourth year in a row ILO, MCSBE, USAID, GIZ, EU TVET, the Egyptian Innovation Award for Social Entrepreneurship Competition for innovative business plans that can impact Egyptian society and drive business growth. Nawah is supported by many partners and is sponsored by Tatweer Misr, an ICSB Global Partner and the Egyptian fast growing real estate development company.

Nawah’s Social Entrepreneurship Challenge objective is to contribute to a flourishing, collaborative and conscious entrepreneurship ecosystem by empowering young entrepreneurs, to develop their skills, capabilities and expand their network and resources. The competition was a great opportunity for young entrepreneurs to compete in a country-wide challenge, to showcase their business idea that covers one of the following sustainability, social problem-solving ability (impact) and innovation.
Almost 980 submissions were received from all over Egypt and over 30 finalists representing many governorates of Egypt were invited to EES to compete for seed funding and partnership opportunities. The ending of EES saw the Nawah finalists pitching their ideas to a very loud, supportive audience that filled the auditorium to a standing room only.

The Egypt Entrepreneurship Summit (EES) 2018 in Luxor was significant in contributing to the current global dialog on how to support SMEs. This edition reinforced the importance of the ecosystem but added key elements such as youth, inclusion, women entrepreneurs and the underlying theme of Humane Entrepreneurship that was discussed globally in S. Korea, Indonesia, Italy, France, and the United States.

EES recognized individuals and organizations for their outstanding contribution to the Egyptian and global entrepreneurial ecosystems. These recipients of the awards presented by ICSB were:

• Ms. Eman Omran, Senior Development Office at the Embassy of Canada to Egypt
• ILO Decent Jobs for Egyptian Young People- collected by Ms. Amal Mowafy- Chief Technical Advisor
• Oh Joon, Former Ambassador of the Republic of Korea to the United Nations and ECOSOC President
• Dr. Nabil Shalaby, Founder, Arab Entrpeneur House, For Egyptian Entrepreneurship Ecosystem Infograph
• AISEC Student Movement

The Valley of the Kings and Queens is still as relevant as before. This time, the significance is in the power of SMEs and Entrepreneurship to change the world.