ICSB Top Ten Trends for 2023

Dr. Ayman ElTarabishy, President & CEO, International Council for Small Business Excellence, Deputy Chair, Department of Management at the George Washington University School of Business (GWSB).

The dawn of 2023 finds the world in new tensions and uncertainties with a significant war, high energy costs, and new Covid-19 variants. These tensions and the consequences of the COVID-19 pandemic have been un-relentless and catastrophic. Governments are looking to each other and the private sector to forge new solutions to problems facing us. Resilience and frugality have continued to be the most popular themes since 2022.

Although the past 12 months have challenged us, we still believe that MSMEs and Humane Entrepreneurship provide the best framework for an effective and comprehensive recovery. MSMEs are deeply integrated and in touch with their local communities, allowing them to extend further the principles of frugal innovation and the possibility of complete recovery.

Although the pandemic and current war have altered much of our previous expectations for 2022, there are still many positives and plenty of opportunities for businesses to take advantage of. Looking forward to 2023, numerous trends offer glimpses of solutions for those bold and innovative enough to seize them. Here are ICSB’s top trends for 2023.

Read more at:: https://icsb.org/toptrends2023/