2022 ICSB World Congress Awards
Wednesday, July 13, 2022
After 5 World Congress days filled with entrepreneurial education, knowledge sharing, and networking; our 66th Annual ICSB World Congress concluded with its Signature Gala event at The Watergate Hotel. We joined together to celebrate the Entrepreneurial Revolution and the accomplishments of our community.
Despite our World Congress concluding, our Entrepreneurial Revolution will continue to live on. It is through our community members, like our awardees, that will carry the pursuit of this Revolution forward.
Join us in congratulating all those awarded:
The Honorable Charles E. Schumer Recognizes the ICSB World Congress
Friday, July 8, 2022
ICSB is very honored to be recognized by The Honorable Charles E. Schumer Recognizes for its work in supporting small businesses.
Mayor Muriel Bowser Welcomes ICSB 2022 World Congress To Washington, DC!
Tuesday, July 6, 2022
“It is my pleasure to extend greetings to attendees and organizers of The International Council for Small Business (ICSB) 2022 World Congress Program.
ICSB has an impressive record of providing the most up-to-date and relevant information to entrepreneurs and leaders of enterprises at all levels. This week, researchers, international delegates, academics, and people from all walks of life, will gather in Washington, DC to connect with one another and collaborate in pursuit of joint success. ICSB recognizes and reveres the
Entrepreneurial Revolution – and we know that Washington, DC is the perfect city to spark, and cultivate, needed changes to outdated systems. I am proud to welcome each and every one of you to this year’s conference, and to our nation’s capital…”
Read the full Official Mayor’s Statement Below
Who is the Entrepreneurial Revolution For?
Tuesday, June 7, 2022, by Dr. Ayman El Tarabishy, President & CEO, ICSB
Historically, entrepreneurs have been at the forefront of every societal movement. With the entrepreneur’s inherent elasticity, we bounce back from major and unexpected disruptions in our daily lives, as exemplified by our response to the COVID-19 crisis. While others were fazed and paused, we took the lead, implementing better modes of operation in business to prioritize the needs of the people. In addition, we listen to our communities and respond accordingly to ensure that everyone has what they need to be happy, healthy, and unified. Therefore, while entrepreneurs are spearheading the entrepreneurial revolution, it is not only for us but also for our entire global community.
And yet, in the spirit of leveling the playing field to combat inequity, we must consider the populations who are the most in need of this revolution. Who benefits the most from a more humane world? Marginalized communities. The pandemic has revealed to us that those with the odds of success stacked against them—such as people of color, women, older people, and the youth—need immediate support in a way that we can no longer ignore. The entrepreneurial revolution can rectify these disparities and uplift those in need to shape a more decent, safe, and healthy society.
For instance, as stated in an article by the OECD, young people were among the hardest hit by the COVID-19 crisis. Of all the youth’s recent concerns—including feeling sidelined in the decision-making process surrounding governmental pandemic recovery—their primary worry was the pandemic’s effect on their mental health. According to OECD data (2021), young people across Belgium, France, and the US were 30%–80% more likely to report symptoms of depression or anxiety than adults following the onset of the pandemic.
Additionally, the blow of unemployment dealt with people ages 15–24 was significantly worse than their adult counterparts. In 2021, 13.65% of young people were unemployed compared to 5.66% of adults. This data clarifies the need to elevate young people’s roles in business and entrepreneurship and emphasize their creativity, energy, and innovative ideas for a more sustainable future.
Furthermore, within the group of young people exist sub-groups of even more at-risk individuals, such as women, LGBTQ+ people, people of color, and people with a disability. For example, another OECD study on individuals in the UK and the US shows that, amidst the COVID-19 crisis, members of the LGBTQ+ community were twice as likely to report increased anxiety and depression than non-LGBTQ+ identifying people. Moreover, those with pre-existing mental and physical disabilities have reported higher levels of psychological distress. Individuals with severe mental health conditions experience a greater risk of hospitalization and mortality from contracting COVID-19 in several OECD countries.
This tells us that we cannot focus on one marginalized group without zooming out and viewing these groups with an intersectional lens. By understanding the need for equity between all populations, we know that we must uplift those in our communities who need extra support to all stand on equal ground.
So, who is the entrepreneurial revolution for? Everyone, of course. But especially the disenfranchised. Our global community is composed of many sects and subsects of people.
The entrepreneurial revolution is a surefire way to address these issues and lead the world into a better future that prioritizes people first.
President & CEO, ICSB
Why an Entrepreneurial Revolution?
Tuesday, June 7, 2022, by Dr. Ayman El Tarabishy
President & CEO, ICSB
Deputy Chair, GWSB, Department of Management
Entrepreneurship is the backbone of society, unifying our global community like a rubber band keeping a stack of cards in order. Yet, like a rubber band, its resilience is equal to its sturdiness and strength, able to adapt to unpredictable changes and stretch to its limits in the name of innovation. Embracing creativity and change, entrepreneurship is ever-evolving, historically providing prosperity and health to humankind at large. So, why are we calling for an entrepreneurial revolution?
If the COVID-19 crisis has revealed anything to us, it’s the inequities our reality is built upon. From gender inequity to racial injustice, it has become clear that we cannot move forward as a global community without taking our neighbors’ hands, ensuring that we all move forward. Only when we stand on equal ground by uplifting marginalized groups can we create a truly humane world. In viewing entrepreneurship and business from this lens, we can establish the “new normal” for society as human-centered, building upward together.
Statistically, according to the World Inequality Report 2022: out of all global labor incomes, women make only 35%, while men make 65%. Perhaps even more disturbing is that this number for women increased by only 5% from 1990–2020. Income inequality is not only apparent in the discussion of gender, but also social classes. As of 2020, the average income of the top 10% of people in the world was 38 times higher than that of the bottom 50%. Similarly to the dismally slow improvement in income-gender disparity, the share of income collected by the poorest half of the world’s people today is around half of what it was in 1820.
Essentially, with the legacy of global economic imbalance in the arrangement of world production between the mid-19th and -20th centuries, wealth is not being distributed fairly, causing marginalized groups to remain in the minority with less opportunity for self-betterment than those in power. Humane entrepreneurship aims to cultivate a world where these numbers even out—where we center economic prosperity to achieve equity for all.
The World Inequality Report 2022 continues by demonstrating how global income inequality is closely tied to climate change impacts. Although humans emit about 6.6 tonnes of carbon dioxide per capita per year, the top 10% of emitters contribute to nearly 50% of all emissions, while the bottom 50% generate only 12%. Therefore, beyond humankind’s livelihood and fair living standards relying on a more equal distribution of wealth, so too is the wellbeing of our planet. As the health of both humans and our planet are innately intertwined, it is obvious that we must rethink and reshape our business practices to promote sustainability and equity; otherwise, there will be no future to plan for.
The world has changed suddenly and irrevocably within the past few years. However, it’s our responsibility as entrepreneurs to use our adaptability and resilience to provide economic prosperity to our global community. With equity between different social groups, and the health of our planet at the forefront of the entrepreneurial revolution, we can sculpt the ultimate humane future.