Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 32 n° 220

Posts Tagged ‘economic reality’

To the partecipants organizers and guests of the 20th St. Petersburg international economy forum

Posted by fidest press agency su domenica, 19 giugno 2016

putinDear colleagues, It is my pleasure to  welcome the participants and guests of  the  St. Petersburg International Economic Forum, which this year is marking its 20th anniversary. Year after year, the Forum’s reputation and influence continue to grow. The meetings, roundtables, and panel discussions held at the event focus on the most pressing and topical issues of the day. For the politicians, business executives, and public figures from Russia and around the world, the event offers a platform for sharing best practices and proposing groundbreaking solutions to a wide range of issues facing the economy, finance, trade, and investment. The theme of this year’s Forum is “Capitalizing on the New Global Economic Reality”, the  relevance of  which is clearly evident. The  global economy is increasingly impacted by political and social factors. The challenges facing the global community demand concerted action aimed at achieving sustainable and balanced growth. It is vital that we work together in our search for the additional drivers of development. We must more fully make use of  the  industrial, scientific, technological, and innovative potential of  our nations, and also the potential of international integration structures. We must react more swiftly to the shifting demands of the market and to the looming transformation of the global technological landscape. Forum guests and participants can expect a far-reaching and comprehensive program, which includes the Business 20 Forum, BRICS Business Forum, and SCO Business Forum, as well as the meetings between the official delegations from Russia, Kazakhstan, Italy, and other countries. Among the  other events scheduled are a  special Valdai Club session, the Russian Small and Medium-Sized Enterprises Forum, and a conference focused exclusively on the Arctic, thereby marking another first for the Forum. Conversely, the traditional Global Energy Award and the Development Award ceremonies will also be held during the Forum, along with the business summit for heads of the world’s largest energy producers.
I firmly believe that the recommendations and agreements drawn up during the Forum will help drive economic recovery in Russia and around the world, promote international cooperation based on egalitarian principles across a wide range of spheres, and give rise to mutually beneficial long-term projects. Allow me to wish you a productive and successful event (Vladimir Putin)

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Entrepreneurs’ dreams of saving the planet being crushed by economic reality

Posted by fidest press agency su domenica, 13 marzo 2016

Onu palaceEnvironmental entrepreneurs are being forced to forgo some of their green ideals despite the historic Paris COP21 summit agreement to cut greenhouse gas emissions, new research has found.The 1,000 largest companies alone are responsible for one-fifth of total global greenhouse gas emissions according to the United Nations Environment Programme, while a study by Duke University says the US needs to reduce emissions by 40 per cent by 2030 to reach the goal it agreed at Paris in December.But attempts by start-ups to set up environmentally-friendly businesses are being stymied by money-backers, suppliers and customers.
The study found some environmental entrepreneurs become disillusioned after having to compromise so much to attract investors and clients.Deniz Ucbasaran, of Warwick Business School, said: “Entrepreneurs passionate about green issues might need to be prepared for some soul searching as ‘enacting a brave new world’ through launching a new venture is unlikely to be without concession to others’ values.
“Attempts to ‘stand out’ by the entrepreneurs portraying their values and beliefs on the environmental benefits of the business are, in most part, counterproductive for gaining legitimacy from investors, suppliers and even customers or clients.
“Their ambitions to ‘break free’ and enact their ‘hopes and dreams to make a difference’ often need to be tempered by the realities of attracting investors and other stakeholders whose primary goal is making money and not environmental issues.“This led to some entrepreneurs to question if it was all worth it as they had to compromise the scope of their ‘green’ ambitions.”
Professor Ucbasaran and Dr Isobel O’Neil, of Nottingham University Business School, examined six new ventures over four years to understand how they gain support and investment for their paper Balancing “What Matters To Me” With “What Matters To Them”: Exploring The Legitimation Process Of Environmental Entrepreneurs published in the Journal of Business Venturing.
They conducted 18 interviews with the principle entrepreneur as well as 24 interviews with individuals involved in the ventures including investors, customers, employees and suppliers and analysed company documents.Professor Ucbasaran said: “First, the environmental entrepreneur’s own values and beliefs anchor initial decisions about how to gain support from investors, suppliers and customers: the ‘what matters to me’ stage.“But they are then toned down as their attention shifts to gain support from investors and other stakeholders: the ‘what matters to them’ stage. Eventually, the entrepreneurs arrive at an approach that tries to balance ‘what matters to them and me’.
“Lastly, the lack of harmony, caused by this balance often leads to some feelings of demotivation, stress and even led some of the entrepreneurs to question their entrepreneurial ambitions.”The research found the entrepreneurs were initially surprised by resistance to their vision of ‘making a difference’ and building an environmentally-friendly business, but the need to ensure the continued survival of their ventures forced them to adapt.“They realised a compromise was needed to gain legitimacy in order to engage investors and stakeholders, attract resources, and in turn, improve the prospects of survival and longer-term success,” said Professor Ucbasaran.“This saw the entrepreneurs shape their offering into one that was likely to be more widely accepted.”But such a shift in perspective often conflicted with the entrepreneurs’ original ideals and led to feelings of inauthenticity and mental stress.Coping strategies were developed to help, but Professor Ucbasaran said: “If left unresolved, these emotions might interfere with the entrepreneur’s well-being and the effective running of the business.“We found being a successful environmental entrepreneur involves balancing both the external demands of investors, suppliers and customers while also remaining true to one’s own values and beliefs.“However, we must offer a note of caution to entrepreneurs seeking to embed their values and beliefs into their businesses; balancing ‘what matters to me’ with ‘what matters to them’ is likely to demand less discussion of environmental or social change goals than perhaps hoped for.”

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