The Genesis of the New Journal of the International Council for Small Business (JICSB)

The Genesis of the New Journal of the International Council for Small Business (JICSB)

The Genesis of the New Journal of the International Council for Small Business (JICSB)

Monday, January 6, 2020

The Genesis of the New Journal of the International Council for Small Business (JICSB)

Monday, January 6, 2020

ICSB Response to the Call of the United Nations

Today, more than ever, companies are looking at their core business, as well as philanthropy, advocacy, and partnerships, to support society, improve human life and also contribute to profitability. Sustainable development cannot be achieved by the United Nations alone, as shown in the UN Secretary-General’s Sustainable Development Goals (SDGs) Progress Report and the Global Sustainable Development Report. It is obvious, we will struggle to achieve the 2030 Agenda unless we join forces with every stakeholder and scale up our efforts toward the implementation of the SDGs.

ICSB was the lead organization to propose and ask the support and leadership of the Republic of Argentina to help move forward a resolution to the United Nations (UN) to create an International Day dedicated to Micro-, Small and Medium-sized Enterprises (MSMEs). According to the data provided by the International Council for Small Business (ICSB), formal and informal MSMEs make up over 90% of all firms and account on average for 60-70% of total employment and 50% of GDP. MSMEs are the first responders to societal needs.

The UN General Assembly, recognizing the importance of these enterprises, decided to declare June 27 the Micro-, Small and Medium-Sized enterprises Day to raise public awareness of their many contributions to sustainable development. Each June 27, the world will celebrate Micro-, Small and Medium-sized Enterprises Day. These enterprises, which generally employ fewer than 250 persons, are the backbones of most economies worldwide and play a key role in developing countries. 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. (Read more…)

Download the full ICSB Gazette

ICSB 2019 Top Pictures

ICSB 2019 Top Pictures

ICSB 2019 Best Pictures – Memories for a Lifetime

December 30, 2019

ICSB Celebrates a Great 2019 Year

A Picture is Worth a Thousand Words

ICSB members took thousands of photographs in 2019 — from Egypt, Argentina, Mexico, France, S. Korea, Indonesia, Australia, Italy, Macao, United States, and many more to mention. We talked with content experts, researchers, activists, authors, entrepreneurs, micro-business owners, the youth, and influencers, and got them all on camera with one mission. How do we support micro-small and medium-sized enterprises worldwide! 

The gallery below showcases some of the great pictures taken in 2019. For this piece, we only picked images that meant something to us, whether because the photo captured a moment in a powerful story, showcased the skill and creativeness of ICSB members, or it was just a great photograph. We know our members probably have more to share. Yet, we leave it to everyone to share! 

Thank you ICSB Family for a Great 2019. We move Onward and Upward. 

To View the ICSB Top Ten Trends for 2020 (click here).

The Role of Entrepreneurship Educators and Researchers in Addressing the UN’s Sustainability and Development Goals

The Role of Entrepreneurship Educators and Researchers in Addressing the UN’s Sustainability and Development Goals

The Role of Entrepreneurship Educators and Researchers in Addressing the UN’s Sustainability and Development Goals

Monday, December 30, 2019

The Role of Entrepreneurship Educators and Researchers in Addressing the UN’s Sustainability and Development Goals

Monday, December 30, 2019

What Role Do Today’s Entrepreneurship Educators Play?

Last year I had the privilege of participating in the International Council for Small Business’ annual conference at the United Nations in celebration of the UN’s Micro, Small and Medium Size Enterprise Day (MSME). The topic of my talk focused on the role of entrepreneurship educators and researchers in working with the UN to address its 17 Sustainability and Development Goals. I talked about the well known linkage between the level of entrepreneurial activity in any given region and its effect on economic development. I also talked about the idea of recognizing entrepreneurs as problem solvers, especially in the context of addressing social issues. Closely linked to this talk at last year’s conference, past ICSB President Ki-Chan Kim emphasized the importance of adopting a philosophy and practice of “humane entrepreneurship”. In fact, at the close of last year’s conference, all attending delegates engaged in a signing ceremony to endorse ICSB’s support for promoting and adopting a humane and empathetic approach to the formation and management of growth oriented ventures.

For purposes of this discussion, I think it is important to clarify what I mean by levels of entrepreneurial activity. As Acs (2006) points out in his work in connection with the Global Entrepreneurship Monitor (GEM) project, it is first important to define how we measure entrepreneurial activity. Measurement issues can significantly influence how we make inferences regarding regional economic development. The GEM Project differentiates between “necessity based” entrepreneurship and “opportunity based” entrepreneurship. Necessity based entrepreneurship implies that individuals resort to a simple form of self employment because there exists very little to no other options at established organizations. Thus for regions characterized by high levels of necessity based entrepreneurs, we may infer that economic development is suppressed due to the lack of higher paying alternative employment opportunities. Alternatively, opportunity based entrepreneurship implies that individuals proactively choose an entrepreneurial path because they have recognized an opportunity and endeavor to exploit it through creative or innovative means. Accordingly. there seems to be a greater chance of improved regional economic development in areas where opportunity based entrepreneurs can flourish. From this perspective, opportunity based entrepreneurs may be more prone to undertake the challenges of building growth oriented organizations and thus contributing to the viability of a region. (Read more…).

Download the full ICSB Gazette

Macao SME World Forum Recap

Macao SME World Forum Recap

Macao SME World Forum Summary of Events

Friday, December 27, 2019

Macao SME World Forum Summary of Events

Friday, December 27, 2019

SMEs and Entrepreneurship – Leading the Way Forward (Recap)

The Small and Medium Enterprises (SME) World Forum, in collaboration with the International Council for Small Business (ICSB), convened a global gathering of entrepreneurs, small business owners, policy makers, researchers, educators, and others to bring creativity and innovative ideas from around the world. The inaugural SME World Forum assembled some of the most creative and empathetic world leaders. The Delta Asia Financial Group, led by Mr. Stanley Au, and the Small and Medium Enterprises of Macao hosted this forum from December 11th to 14th, 2019.

The SME World Forum focused on Macau and with the theme of 2019, SMEs and Entrepreneurship – Leading the Way Forward. The expanded focus on creativity and innovation led by SMEs is the pathway needed for the Greater Bay Area (GBA). The “Greater Bay Area” (GBA) is a Chinese government’s initiative to link the cities of Hong Kong, Macau, Guangzhou, Shenzhen, Zhuhai, Foshan, Zhongshan, Dongguan, Huizhou, Jiangmen and Zhaoqing into an integrated economic and business hub.

The strong links with major urban centers in the GBA region provides talent, innovation, and problem solving for critical industry in fashion, environmental management, information and communication technologies, and tourism.

On the first day of the conference was the kick-off of the entrepreneurial boot-camp called ICSB Academy. The program brought together youth and students from Macao universities with academicians and business leaders for a full day of interactive sessions. The official opening session took place the following day, December 12th, and was followed by several plenary sessions with local and global leaders. The third day of the conference was focused on panel insights from business leaders and entrepreneurs over a variety of topics from finance to tourism. Lastly, on Saturday, the final day of the conference, attendees were offered the unique experience of touring the Greater Bay Area region. These four days of business immersion and networking with youths, entrepreneurs, business leaders, policy-makers, and researchers showcased why Macao is a leading place for growth and entrepreneurship.

While the SME World Forum was being held, a major announcement that Chinese President Xi Jinping will visit Macao the same week to celebrate the 20th anniversary of the city’s handover from Portugal to China. Major economic positives resulted based on the focus of innovation, SMEs, and China moving to further improve Macao economy.

The SME World Forum heads to the United Nations on June 27 for a special event and a report on the outcomes of the forum.

(Click here) to view additional stories on the SME World Forum.

See below the events of the forum in pictures:

First Speaker Announced – ICSB World Congress 2020

First Speaker Announced – ICSB World Congress 2020

First Speaker Announced – ICSB World Congress 2020

Monday, December 23, 2019

First Speaker Announced – ICSB World Congress 2020

Monday, December 23, 2019

ICSB is excited to announce our First Keynote Speaker at the ICSB World Congress in Paris!

Please visit the official ICSB 2020 World Congress website for conference information, registration, and paper submission.

About the Speaker:

Dr. Herman Aguinis, Avram Tucker Distinguished Scholar, professor of management, and chairperson of the Department of Management at the George Washington University, was named to the Clarivate Analytics Web of Science Group annual list of highly cited researchers. Dr. Aguinis earned his place among the elite group of 6,216 researchers from nearly 60 nations and across 21 scientific fields as one of the 116 most influential business and economics researchers in the world.

The list identifies scientists and social scientists who produced multiple papers in the past decade ranking in the top one percent by citations for their field and year of publication, demonstrating significant research influence among their peers.

Dr. Aguinis has also been elected for the presidency track of the Academy of Management (AOM) and is serving as AOM Vice President & Program Chair, President-Elect, President, and Past President during 2019-2023.

Dr. Aguinis has published nine books and more than 160 journal articles. His research addresses the acquisition and deployment of talent in organizations and organizational research methods. Recent projects address star performance, corporate social responsibility & business sustainability, domestic and international workforce diversity, leadership, staffing, training and development, performance management, and innovative methodological approaches for developing and testing theories.

His professional and life agenda is to have an impact on the academic community, but also on society at large. For more information, visit www.hermanaguinis.com.

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