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WTO report examines impact of COVID-19 pandemic on small businesses

The WTO Secretariat has published an information note looking at how micro, small and medium-sized enterprises (MSMEs) are being affected by the COVID-19 pandemic. It notes the impact of supply chain disruptions on MSMEs and the extent to which smaller businesses are represented in the economic sectors hardest hit by the crisis.

Family Business as A Model for Humane Entrepreneurship

Family firms tend to present a deep sense of responsibility for their communities.

Following the full day at the first Virtual Family Business Research and Practice Conference this past week, I have reflected much as to how many family businesses model the key principles found in Humane Entrepreneurship. Borne out of passion and motivated by togetherness, family businesses present quite correctly the ideal of beginning a business in a “virtuous and sustainable integration of Entrepreneurship, Leadership, and HRM, in which successful implementation leads to a beneficial increase in wealth and quality job creation, perpetuated in a continuous cycle.” Humane entrepreneurship centers around the people of business and expects profitability through those people.

Exploring the Impact of the COVID 19 Pandemic on MSMEs

Join us to discuss the impacts of COVID-19 on MSMEs, including policy measures adopted by countries to support MSMEs in response to the outbreak of the pandemic and to enhance MSME resilience towards external shocks during the recovery phase.

Speakers will be Ayman El Tarabishy of the International Council for Small Business; Dragan Radic of the International Labour Organization; Asteria Caberte of the Department of Trade and Industry in the Philippines, and Majda Dabaghi of the International Chamber of Commerce.

Webinar on Mobilising Public Guarantees for SMEs as a Policy Response to Covid-19

Dear Country Experts and Members of the Steering Group on SME Financing,

I am pleased to share with you the agenda for the upcoming webinar “Mobilising Public Guarantees for SMEs as a Policy Response to Covid-19”, which will be held on Tuesday, 2 June 2020 (3PM-4:30PM) via Zoom.

For more information about this webinar, please contact kris.boschmans@oecd.org in the CFE Secretariat.

Humane Entrepreneurship in Practice

As the world retreats inward, both business practices and consumer habits have significantly shifted. Consumers are starting to recognize the value of being able to expend their resources while concurrently awakening to the troubles that small businesses globally face. As for businesses, many have also reflected on their values and practices, deciding where to make cuts and how to demonstrate employee-value at this moment. At large, we have all been influenced by this global reset.

Small matters more now than ever before

I have many friends who run their own small businesses, in Europe, Australia, and Asia. They include dental clinics, restaurants, small travel agencies, and manufacturing businesses. All have been forced to close.

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The arrival of the new entrepreneurial revolution requires integrating artificial and human intelligence for new organizational models to comply with future consumer behavior. Sustainable and social values will far drive the next generation of entrepreneurs.

The journey towards humane entrepreneurship was initiated five years ago by ICSB. Mr. Yvon Chouinard forfeited ownership of Patagonia today as the profits will now be used to fight climate change. This is the essence of Humane Entrepreneurship. It is Entrepreneurship for Humanity

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