Startup Terminal
  • News
    • Technology
    • Funding
    • Tie-up
    • Acquisition
    • Australia Startup News
    • Singapore Startup News
    • India Startup News
    • UAE Startup News
    • UK Startup News
    • US Startup News
    • Launch
    • Video
  • Interview
  • Feature
  • Events
  • Variety
    • 40 Under 40 Award by Startup Terminal
  • Privacy Policy
  • Refund and Cancellation policy
    • Terms and Conditions
  • Contact Us
No Result
View All Result
  • News
    • Technology
    • Funding
    • Tie-up
    • Acquisition
    • Australia Startup News
    • Singapore Startup News
    • India Startup News
    • UAE Startup News
    • UK Startup News
    • US Startup News
    • Launch
    • Video
  • Interview
  • Feature
  • Events
  • Variety
    • 40 Under 40 Award by Startup Terminal
  • Privacy Policy
  • Refund and Cancellation policy
    • Terms and Conditions
  • Contact Us
No Result
View All Result
Startup Terminal
No Result
View All Result
Home Opinion

Significance of Ethical Entrepreneurship in the post COVID economy

StartUp Terminal Bureau by StartUp Terminal Bureau
July 24, 2023
in Opinion
0
Significance of Ethical Entrepreneurship in the post COVID economy
156
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

Author: Agnelorajesh Athaide


Even as we prepare to slowly resume our lives – personal and professional, the world around already seems to be a changed place. From the norms for using public transport to the stringent work from home dictates for professionals, there seems to be a ‘new normal’ world order that is being implemented. While the health issues connected to the virus still being around, we need to ensure to be cautious and precautious. At the same time, we can’t ignore the need of keeping the economy in good shape.
Companies are today looking towards optimizing their operating costs. This will also benefit the customers as the competition will ensure better pricing due to reduced costs by the companies. This will ultimately benefit consumers.
The current new scenario will now Ensure that every resource will be micromanaged and micro monitored. Each Human Resource too will need to be productive and to be a revenue generator to the company, directly or indirectly.  Upscaling of capabilities will become the need of the hour. This will ensure improvement in the overall quality of output from all the engaged resources.
Innovation in entrepreneurship during these times of crisis can help re-create a balance and synchronicity to the new scenario. With more mindful and value-driven business decisions, entrepreneurs can help drive positive change that leads to a stable business ecosystem, which can eventually help the economy, to boost up faster.
Ethical Entrepreneurship – a concept that drives a holistic development of the entire ecosystem, versus just one’s own business, has become the need of the hour. Here are key pointers on how entrepreneurs can adopt ethical business practices so as to help drive positive change in not only their own business ecosystem but also help in the overall recovery of the economy:
– Employees are partners: we need to make sure that the employees become partners in progress. One of the major and the most crucial shift in mind-set, required by business owners today, is to view employees as potential partners and wealth creators instead of a liability/ overhead cost. This can happen with the capability up-gradation of each employee.
India is a country with a huge population and our numbers have always been the strength of the economy. Human capital plays a vital role in the success of any business, more so during a suddenly changed economic scenario. Recognizing them as partners in growth instead of cost overheads can go a long way in overcoming the crisis.
Businesses may look at re-imagining strategies to leverage the full potential of their employees while creating a transparent and trust-worthy engagement. These can range from better incentives, extended work hours or even additional training sessions to help them hone essential skills, etc.
– Value creation: While creating profit and thus driving growth is the basis for any successful business, the new business the environment today, demands a much more holistic approach than just profits.  Driving value-creation for all stakeholders through innovative business practices can help generate wealth, opportunity and develop long term collaboration opportunities. Given the new economic scenario, creating value-driven collaborations and partnerships within one’s business ecosystem can help not only sustenance and growth but also create a stable and mutually beneficial business models.
– Vocal for local: In tune with the PM Mr. Modi’s call for supporting local businesses is the way forward for the economic upliftment of the country. From choosing local vendors and employing localized labour to working closely with domestic service providers, and IT consultants, etc., that has Indian roots; ethical entrepreneurship looks to drive growth across the ecosystem by a consistent flow of business for its smaller, localized partners.
– Community building: While building a value-driven business ecosystem is important, ensuring the wellbeing of the community that supports the business is also vitally significant for creating a long term, sustainable business model. Community building may or may not necessarily involve a structured CSR outreach, but a conscious effort to nurture and help it grow can go a long way to achieve the objective of holistic development.
Agnelorajesh Athaide
Agnelorajesh Athaide
(Author Agnelorajesh Athaide is a Serial & Social Entrepreneur, Real Estate Developer, Global Citizen, Educationist, Angel Investor, Motivational Speaker, and Chief Mentor & Business Strategist at Business Opportunities Club. Views expressed in the article are of the author.)
Send your feedback at startupterminal@gmail.com
Tags: Opinion
StartUp Terminal Bureau

StartUp Terminal Bureau

Startup Terminal is a global news portal reporting news and analysis on technology, start-ups, and business-related news from all over the world. We exclusively feature entrepreneurs, startups, businesses, and technology companies to reach out to a wider audience. Contact us at editorial@startupterminal.com

Related Posts

UAE Corporation Tax – A Round Up of Relief Measures for SMEs
Feature

UAE Corporation Tax – A Round Up of Relief Measures for SMEs

August 2, 2023
5 Tips For Using Video Marketing To Boost Your Startup Growth
Feature

5 Tips For Using Video Marketing To Boost Your Startup Growth

July 23, 2023
Mrs. Sushma Paul Berlia
Feature

India’s Union Budget 2022-23: Reaction from Mrs. Sushma Paul Berlia

July 23, 2023
Next Post
Importance of Data Science in post-COVID-19 world

Importance of Data Science in post-COVID-19 world

How COVID-19 has changed the traditional approach of doing business

How COVID-19 has changed the traditional approach of doing business

Interview: Jennifer Zhang – Musician, Model & Influencer

Interview: Jennifer Zhang - Musician, Model & Influencer

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

World Environment Day Interview: Navkaran Singh Bagga, Founder and CEO, AKVO Atmospheric Water Systems

World Environment Day Interview: Navkaran Singh Bagga, Founder and CEO, AKVO Atmospheric Water Systems

5 years ago
NETGEAR’s Orbi RBK20 Mesh Router Ensures Wi-Fi Speed and Reliability in your Home Office

NETGEAR’s Orbi RBK20 Mesh Router Ensures Wi-Fi Speed and Reliability in your Home Office

5 years ago
Onspon.com bridges the information and access gap between brands and events

Onspon.com bridges the information and access gap between brands and events

9 years ago
CMS IT Services Collaborates with Artificial Intelligence Platform Senseforth.ai

CMS IT Services Collaborates with Artificial Intelligence Platform Senseforth.ai

5 years ago
Singapore based Jam Factory provides learning and enablement solutions to businesses and professionals

Singapore based Jam Factory provides learning and enablement solutions to businesses and professionals

8 years ago
No Result
View All Result

Must Read

Arab Aviation Summit 2025 Brings Industry Leaders Together Reinforcing Saudi Arabia’s Role as a Global Aviation Hub

Eire Gulf Appoints Saeed Rehman as Head of Pre-Contract

How to Align Promotional Products with Your Audience

Managing bereavement in the workplace

NLB Services invests in Jagdish Mitra’s industry-first GenAI IP-powered SaaS services venture Humanize

Strategic Staffing: Optimising Performance with Full-Time Remote Teams

Trending

KMH Events Rebrands to KMH Dubai as its Services Expand to Encompass Full Brand Support
News

KMH Events Rebrands to KMH Dubai as its Services Expand to Encompass Full Brand Support

by StartUp Terminal Bureau
May 15, 2025
0

Dubai, May 15, 2025: KMH Events, founded by entrepreneur Kelly Marie Hodgkin, has rebranded as KMH Dubai,...

Manifest Brings Instant, Legal Access to $35 Trillion U.S. Property Equity Market for Indian Investors

Manifest Brings Instant, Legal Access to $35 Trillion U.S. Property Equity Market for Indian Investors

May 8, 2025
Felicity Games Secures $3M to Redefine Global Game Publishing from India

Felicity Games Secures $3M to Redefine Global Game Publishing from India

March 11, 2025
Arab Aviation Summit 2025 Brings Industry Leaders Together Reinforcing Saudi Arabia’s Role as a Global Aviation Hub

Arab Aviation Summit 2025 Brings Industry Leaders Together Reinforcing Saudi Arabia’s Role as a Global Aviation Hub

February 9, 2025
Eire Gulf appoints Saeed Rehman as Head of Pre-Contract

Eire Gulf Appoints Saeed Rehman as Head of Pre-Contract

February 9, 2025
Startup Terminal Logo

Startup Terminal is a global news portal for Technology, Startups, and Businesses. Reporting on technology, start-ups, and business-related news from all over the world. We exclusively feature startups, and technology companies to reach out to a wider audience.
Startup Terminal is an official media partner at global conferences like:
#Mobile World Congress 4YFN,
#Barcelona, Spain
#ConnecTechAsia, Singapore (Formerly CommunicAsia)
#NXTAsia, Singapore
#Africa Com, Cape Town, South Africa
#Converge Events, Singapore
#young Startup Ventures, USA

Follow us on social media:

Recent News

  • KMH Events Rebrands to KMH Dubai as its Services Expand to Encompass Full Brand Support May 15, 2025
  • Manifest Brings Instant, Legal Access to $35 Trillion U.S. Property Equity Market for Indian Investors May 8, 2025
  • Felicity Games Secures $3M to Redefine Global Game Publishing from India March 11, 2025
  • Arab Aviation Summit 2025 Brings Industry Leaders Together Reinforcing Saudi Arabia’s Role as a Global Aviation Hub February 9, 2025
  • Eire Gulf Appoints Saeed Rehman as Head of Pre-Contract February 9, 2025
  • How to Align Promotional Products with Your Audience November 5, 2024
  • Managing bereavement in the workplace September 24, 2024
  • NLB Services invests in Jagdish Mitra’s industry-first GenAI IP-powered SaaS services venture Humanize August 21, 2024

Readers’ Choice

  • Aneesha Dalal, SHIAMAK Dance Academy

    Interview: Aneesha Dalal, Master Instructor and Principal Dancer at The SHIAMAK Dance Academy

    380 shares
    Share 152 Tweet 95
  • International Women’s Day Interview: Arpita Mehta, Fashion Designer

    348 shares
    Share 139 Tweet 87

© 2023 Startup Terminal - Leading digital news portal-Startup Terminal | All Rights Reserved.

No Result
View All Result
  • News
    • Technology
    • Funding
    • Tie-up
    • Acquisition
    • Australia Startup News
    • Singapore Startup News
    • India Startup News
    • UAE Startup News
    • UK Startup News
    • US Startup News
    • Launch
    • Video
  • Interview
  • Feature
  • Events
  • Variety
    • 40 Under 40 Award by Startup Terminal
  • Privacy Policy
  • Refund and Cancellation policy
    • Terms and Conditions
  • Contact Us

© 2023 Startup Terminal - Leading digital news portal-Startup Terminal | All Rights Reserved.