World's Visionary Entrepreneurs to Follow in 2022 How Digitalization Impacting Entrepreneurship PG. 24 BRAD SUGARS An Internationally Acclaimed Thought Business Leader and Business Coach PG. 46 Brad Sugars Founder & CEO ActionCOACH OCTOBER2022 How Entrepreneurship Promotes Economic Growth
Anothertrendthatisquicklygainingpopularityis theurgetogetstartedassoonaspossible.Unlike today'sbrilliantyoungminds,whofearlesslydive inheadfirstwithoutanypreparation,peopleinthe pastpreferredtobecomefamiliarwiththegame's rulesbeforetestingthewaters.Accordingtoa Newsweekpoll,theminimumagetostarta businessisonly14,yetthismayhaveitsown disadvantages.
Let'sfirstexaminetherecentriseinthenumberof enterprisesbeforemovingon.Although entrepreneurshavealwaysexisted,thenumber hasgrownovertime,mostlyasaconsequenceof theemergenceofventurecapitalistsandangel investors,whomakeiteasierforthosewhowish tostarttheirownbusinesstoacquirefunding. Thereislittledoubtthatmodernentrepreneurs thinkdifferentlythantheirpredecessors.The numberofbusinessfoundersisbooming. We havelookintothevariousfactorsthathave contributedtothisuptickaswellashow contemporaryentrepreneursoperatedifferently fromtheirpredecessors.
Inthisspecialeditionof“World's Visionary Entrepreneurs to Follow in 2022”,World's Leadershasselectedsomeofthemostinfluential entrepreneurswhohavesuccessfullymetthe challengesoftherecentpastandhavethrivedin 2022.
World's Visionary Entrepreneurs to Follow in 2022
ThecoverfeaturesBradSugarsfounderof ActionCOACH;abusinessandexecutive coachingcompanywithmorethan1,000coaches inmorethan70nationsandistherecipientof severalawards.committedtopromotingglobal prosperitythroughbusinessre-education.Brad foundedthecompanywhilehewasstillinhis twenties.Hewasanentrepreneursincehewasa veryyoungboy.BradSugarsmanagedanumber ofsmallenterpriseswhilestillastudent.
BradSugarswasquicklyrequestedtoaddress businessownersandexecutives,dispensinghis suggestionsandcounselonsystematization,team development,marketing,andsales.Theaudience wasamazed.Histalksincludedavarietyof straightforwardstrategiesforexpanding enterprises.
Whilewecometotheend,pleasedonotforgetto readtheCXOstandpointswrittenbyindustry expertsandtheinformativearticlespenneddown byourin-houseeditorialteam.
Have a lovely read!
The Visionaries of Fast Paced World
Copyright 2022 WORLD’S LEADERS Media Tech LLC, All rights reserved. The content and images used in this magazine should not be reproduced or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior permission from WORLD’S LEADERS Reprint rights remain solely with WORLD’S LEADERS. OCTOBER 2022 3296 Westerville Rd #250, Columbus, OH 43224, USA Follow us on : Editor-in-Chief Steve Sanchez Managing Editor Jagdish Chincholikar Executive Editor Nicole Williams Assistant Editor Gayatri Bhujbal Art & Design Director Jack Anderson Business Development Manager Mia Oliver Business Development Executive Natalie, Jerrey Associate Designer Kevin Rust Digital Marketing Manager Victor Clarke Sales Manager Megan Morgan, Irfan Shekh Marketing Manager Tom Swann Technical Specialist Barry Jones Circulation Manager Danny Parker
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BRAD SUGARS An Internationally Acclaimed Thought Business Leader and Business Coach 10
EMMABANKS GRAHAMWEALE KEVIAJONES MONIQUEJEANNEMORROW SHERIHINISH SAMWANEKEYA NAITIKCHANDAK 54 48 46 42 36 32 26 24 20 HOWENTREPRENEURSHIP PROMOTESECONOMICGROWTH HOWDIGITALIZATION IMPACTINGENTREPRENEURSHIP
COVERSTORY
Brad Sugars
An Internationally Acclaimed Thought Business Leader and Business Coach “An Internationally Acclaimed Thought Business Leader We educate ourselves, our clients, and all those whom we work with, while we entertain them and create a fun learning environment.and Business Coach.”
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Brad Sugars
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Founder & CEO ActionCOACH
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“We educate our clients in world-class marketing and business development techniques using audio, video, and other technologies, as well as simple workbooks, workshops, and seminar formats.”
In such monetarily testing times, you might think that hiring business coaching services has no place on your list of priorities. In reality, though, the reverse is true. Numerous company owners have attested to the benefits of receiving outside business counseling, as demonstrated in this piece on the "Benefits of Coaching," whether it's assisting them in more effectively expanding their firm or overcoming obstacles along the road.
Internationally known as one of the most influential entrepreneurs, Brad Sugars founded ActionCOACH, a business and executive coaching company with more than 1,000 coaches in more than 70 nations and is the recipient of several awards. committed to promoting global prosperity through business reeducation.
Brad founded the company while he was still in his twenties. He was an entrepreneur since he was a very young boy. Brad Sugars managed a number of small enterprises while still a student. Brad Sugars was quickly requested to address business owners and executives, dispensing his suggestions and counsel on systematization, team development, marketing, and sales. The audience was amazed. His talks included a variety of straightforward strategies for expanding enterprises. Brad's seminars soon gained a reputation as the place to go for company development. Brad Sugars began to get inquiries from business owners seeking advice regarding their enterprises. Although his talents were in high demand, Brad understood that consulting was not
the solution. He wanted the business owners to put the techniques he taught into practice, but due to time constraints, he was unable to meet the demand. At that point, Brad Sugars came to the conclusion that coaching was what was needed to bridge the gap between knowledge and execution at that point, and his business, Action International (now known as ActionCOACH), was founded.
The Company
The franchising model offered by ActionCOACH is designed for the business owner who wishes to invest in a long-term growth opportunity. The FIRM model enables an owner to run a specialized business coaching firm in a restricted area where they may hire and train an endless number of business coaches as employees to increase their income and give back to their local area. Business expertise for the company's franchise owners is crucial, but ActionCOACH takes great care in providing the appropriate training and assistance for a number of various degrees of business acumen. In-depth coaching and system training prepare its franchise owners and increase their company's trajectory swiftly
To ensure the success of our franchise partners, marketing and sales assistance as well as continuous IT knowledge are offered around-the-clock, seven days a week. Over the course of more than 25 years, the coaching system was created, validated, and tested. It is still being refined and improved to suit the demands of the ever-evolving marketing environment of today
Supporting, Encouraging and Leading
The executive side of the business is the focus of leadership coaching, which aids in the development of abilities needed to advance. The
primary purpose of business coaching is to collaborate with the owner and their team to boost revenues, increase profitability, and streamline processes for long-term success. Happily, ActionCOACH combines the two.
The foundation of ActionCOACH is a basic methodology that enables coaches to assist company leaders in implementing long-lasting improvements in their organizations. In particular, business coaching aids in instilling the necessity of systems and procedures and assists the business owner in setting goals with the long view. Certified coaches collaborate with company leaders to alter their organizations rather than merely cross items off a list of "to-dos." The firm as a whole is infused with the coaching system they have established, which includes everything from cashflow to teambuilding. Business owners frequently are not aware of how serious their company's obstacles are until an experienced business coach intervenes.
According to Brad, ActionCOACH's continual marketing efforts for brand credibility at all levels of awareness help business development. Additionally, the business annually sponsors international events, most notably BizX. BizX was created to provide the most recent business news to professionals interested in business from all over the country in a lively environment. In one exciting event, it brings together enthusiasts, business owners, professionals, and executives. This large-scale exhibition, conference, and networking event enables participants to discover and study fresh concepts, approaches, and best practices to increase their opportunities. Brad further adds that attendees learn powerful, actionable, and thought-provoking information to improve their
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I
businesses, spark new ideas, and move their personal trajectory to the X degree.
Fostering Culture
The "14-points of culture" of ActionCOACH form the foundation of the business. It outlines the guiding principles of the Global ActionCOACH community and brand. Every choice the organization makes and everything its partners do is guided by these pillars, this basis. Brad applies this to his clients, showing them how to build a culture that will support and advance their companies. He says, "Our 14 Points of Culture we abide by: Commitment, Ownership, Integrity, Excellence, Communication, Success, Education, Teamwork, Balance, Fun, Systems, Consistency, Gratitude, and Abundance.”
The Coaching Methodologies
ActionCOACH works in "coopetition" with all those who believe they are in competition with it. The company is in the business of "Edutainment. Whether purchased internally or externally, the company's goods and services are of the highest quality, offer excellent value, and always contribute the most value while utilizing the most updated training approaches.
Small, medium, and large-sized ActionCOACH clients will want it, will support them in accomplishing their objectives, and will be able to honor the company's promise to them by honoring ActionCOACH's commitment to them. They have an innovative mindset, are open to learning and personal development, and are eager to contribute to the growth of a "people" organization. Brad asserts, "Our clients are selected more on attitude than size, and they will want to deal with us because we understand people are important, and systems should run a company." The team also offers the most practical, most applicable, and fastest strategies for growth. It gives people
back their spirit and freedom through business development.
The Path of Successful Leader Brad thinks that doing your homework is crucial to becoming a successful student. He says that doing your homework is essential to grasping the subtleties of any business opportunity.
ActionCOACH's crew also doesn't believe in overthinking decisions, so talking to current owners is a wonderful way to get their advice. According to Brad, the key points to think about are:
Ÿ Gather information and ensure that you have a strong support team in place.
Ÿ Make sure that those around you believe as much as you do in the endeavour you are about to undertake.
Ÿ Dream BIG, but don't let those who don't believe in you hold you back.
Ÿ Don't be held back by those that can't see your vision.
Ÿ Don't wait until the perfect time, because it simply doesn't exist.
Ÿ If you want to transform your life and create a business that will change the lives of owners in your community while affording you the lifestyle you have always dreamed of, waiting will only delay your future.
Recognized by industry leaders around the world, ActionCOACH is listed among the most profitable, most rewarding, and best franchising opportunities available.
Brad assures that affordable, attainable, and filled with unlimited potential, an ActionCOACH franchise partner's success is almost guaranteed.
Vision for Upcoming Years
By 2025, ActionCOACH wants to be present in more than 120 nations. This year, the business is opening franchises in Central Africa and Scandinavia, and it is advising its Master Licensees to look for fresh opportunities in their local towns
and regions. By developing a readymade company that they can promote, corporate firms provide master licensees with a method to expand their regions and boost their worth. By utilizing the company model and the corporate model, ActionCOACH's largest and most prosperous ML in the UK was able to establish itself as the leading supplier of business coaching in the country. To achieve the same goal, the team is collaborating with its partners in South Africa, Japan, Ireland, and India.
Testimonials
The development of new products has been excellent!
Rick Plasket, Kentucky
Corporate staff dedicated to helping the franchisee.
Paul Raggio, California
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Support is wonderful for franchises. The opportunity for training is outstanding; materials and direction are available; every individual must have the initiative to use them.
Ross Cox, Florida
Top tools and collaboration platform. High IT quality support with quick answers.
Olivier C, Canada
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OverthecourseofEmmaBanks' career,shehasseamlessly transitionedfromindependentsto largeglobalhospitalitycompanies. ShejoinedHiltonin2019witha missiontomakethecompanythe clearleaderinF&B.Inthisshort time,shehasmadeabigimpact, bringingexceptionalF&Btalentinto thebusinesswhilebeingactively involvedinHilton'svariousdiversity initiatives.
Emmarecognizesthecritical responsibilitythatF&Bplaysin protectingtheplanetandhasbeen involvedininitiativestoreduce single-useplastics,trackfoodwaste, andsourceingredientslocally.Emma isalsoarolemodeltowomeninthe industry,ranking#1inCaterer MiddleEast's"2020Womenin F&B"PowerList.Attheendof 2020,EmmawaselectedaMember oftheBoardofGovernorsand MemberoftheBoardofthe AcademicCommitteeofDubai CollegeofTourism(DCT)andin 2022,shewasselectedtobeoneof HSBC's"75FacesoftheUAE".
EmmaholdsaBachelor'sDegree fromLeedsUniversity.
OBelowarethehighlightsofthe interviewconductedbetweenWorld's LeadersandEmmaBanks:
Canyoutellusalittleaboutyour journeypriortostartingyour professionaljourney?
IwasborninMalaccaandraisedin Malaysia,attendingboardingschool inPenangatsixyearsofage.Iwas anall-rounderratherthanan academicatschool,excellingin sportswithaparticulartalentfor tennis.Summerswerespentvisiting familyinruralWales,whereIlearnt to'graft'throughaseriesof hospitalityjobswhichtaughtmethe valueofmoney.Irecallmy excitementwhenIcouldeventually affordtobuymyselfanArthurAshe aluminiumtennisracket,andmy delightoncourtwhenallmy opponentsusedwoodenones.I supportedmyselfthroughuniversity inLeedswiththreejobs:cocktail bartending,pullingpintsinapuband waitressinginacafé.Sufficeittosay thatmyexperience"atthecoalface" ignitedmypassionfortheindustry.
TellusaboutHilton.
Hiltonisaleadingglobalhospitality companywithaportfolioof18 world-classbrands,comprising nearly6,900propertiesandnearly 1.1millionrooms,in122countries andterritories.Dedicatedtofulfilling itsfoundingvisiontofilltheearth withthelightandwarmthof hospitality,Hiltonhaswelcomed morethan3billionguestsinitsmore than100-yearhistory,earnedatop spoton Fortune's 100Best CompaniestoWorkForlistandbeen recognizedasagloballeaderonthe DowJonesSustainabilityIndicesfor fiveconsecutiveyears.
Whatarethecompany'sprimary offerings?
WhileHiltonisprimarilyknownfor itsrooms,foodandbeveragearean importantpartofthecompany's operations,andwehavea103-year historyofpioneeringculinary innovations,fromtheinventionof theWaldorfsaladtotheworldfamousRedVelvetCake.
Whataboutthesectorinspiredyou tojoiningit?Andhowdoyou continuetogrowanddevelopasa leader?
Thereisasenseofsatisfactionand camaraderiefromalongday"onthe floor"thatonlycertainindustriescan giveyou.Whenyouworkina restaurantorabar,youplayapivotal roleinyourcommunity—andmy passionwasignitedbythewaythat youcanchangesomeone'sday throughofferinggenerous,heartfelt hospitality Whenyouchoosethe trade,orratheritchoosesyou,you automaticallybecomeapartofa globalcommunity.Ipersonally choosetoworkwithfellowindustry peerstoadvanceimportantinitiatives forthebettermentofthewhole–valueswhichinformmyleadership style.Inmystrategyand developmentrole,Iconstantlydraw frommyyearsofoperational experiencetohelpinformcreative andempathicthinking;the resourcefulnessthatyoulearnina dynamiccustomer-facing environmentiseminently transferable,especiallywhen managingmultiplestakeholders.I voraciouslyconsumeourtradepress, Itakeanaviddailyinterestinthe marketandwhatourcompetitorsare upto,especiallyintheareaof
20 | OCTOBER 2022
and Empowering
Motivated Talent
to Deliver Results worldsleaders.com | 21
Emma Banks Engaging
Highly
in Order
innovationandsustainability.Ilean onindustryexpertstooutlinefuture trends,andIalwaysmakesureItake myteamalongfortheride.
Describewhoyouareasaperson, insideandoutsideofthe workplace.
Iamabigbelieverinnotbeing afraidtobeyourself,andIamvery luckytoworkforacompanythat encouragesyoutobringyour "authenticself"towork.Itis acceptabletohaveyourownstyle andapproachaslongasitis respectfulofyourenvironment,
culture,orworkplace-infact,I believeitfrequentlycommands respect.
Oneofmyfavouritesayingsis"be thepersonyourdogthinksyouare'–soIstrivetobefair,fun,kind, caring,hard-working-Iguessmy dogswillhavetobethejudgeof that!
Tellusaboutyourroleand responsibilitiesasVicepresident?
IambasedatHilton'sMEAArea OfficeinDubai,whereIleadF&B strategy,aswellasconceptand
productsolutiondevelopmentand implementationacrossEurope, MiddleEast,andAfrica.Inaddition, Ioverseethesourcingand managementofthird-partyrestaurant brandandoperatorrelationshipsto supportHilton'stradingandfuture pipelineofhotelsacrosstheregion.
Whataboutthecultureandvalues resonatewithyou?
Hiltonisdrivenbyamissiontobe themosthospitablecompanyinthe world—bycreatingheartfelt experiencesforguests,meaningful opportunitiesforteammembers,high valueforownersandapositive impactonthecommunitiesinwhich theyoperate.Itisitsculturethat drivesitsgrowthanditsimpactworkingforacompanythatplaces people,planet,andprofitonanequal footingisadailyinspirationforme.
Whathasbeenthemostsignificant barrierinyourcareer?
Likemanyotherpeople,adjustingto andleadingmyareaofbusiness throughthepandemicwas immenselychallenging.Ihadtodig deepandempowermywonderful team.
Whatisthehappiestpartofyour dailyroutine?Howdoyoubalance workandprofessionallife?
IamveryluckyinthatIbothworkto liveandlivetowork.IlovewhatI do,andIderivegreatjoyfrom workingwithmyfantasticteamand thewidernetworktodrivethe company'svision.
Thatsaid,IamatmyhappiestwhenI amwithmydaughterLilyandmy husbandJon—andourever-growing menagerieofrescuecatsanddogs. Asforbalance,anyonewhoknows
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meknowsthatIfindmyinner'chi' onaspinbikeatahundredmilesan hour.
Whatarethemostimportant attributesofsuccessfulleaders?
AsWarrenBennisfamouslysaid, "Leadershipisthecapacitytoturna visionintoreality".Youcan'tdothat unlessyousurroundyourselfwith toptalentandallowittoflourish.The qualityofyourleadershipisthen determinedbythestandardsyouset foryourself;youhavetowalkthe walkasarolemodel.Aleadershould notdictate,butratherprovidea cultureofsupport,encouragement,
recognition,and,ofcourse,discipline –governedbyempathyandthe desiretodotherightthing.
Whatadvicewouldyougivetothe nextgenerationoffemaleleaders? Haveconfidenceandtrustthatyou haveearnedyourseatatthetable-if youaregivenanopportunity,grabit, youwereofferedtheopportunityfor areason. Surroundyourselfwith greatpeople,empowerthemand alwayshaveaplan.
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How Digitalization ENTREPRENEURSHIP IMPACTING
24 | OCTOBER 2022
TTheentrepreneurial environmentis becomingmore digitalizedasaresultof aconstantconnectionto dataandasignificant transformationprocess, whichencourages businessestoadopt carefulstrategic planninginorderto advancetheir development.Theeconomicclimateofthetwenty-first centuryrevealsacontinuousriseineconomic globalizationundertheinfluenceofdigitizationand influencedbytheongoingdevelopmentofnew informationandcommunicationtechnologies.
Thedigitalrevolutionpresentsachanceforthe entrepreneurialecosystemtoadvancetothefollowing level.Inordertopromoteandelevatethesignificanceof thischangethatwearecurrentlyexperiencing,digital technology,data,andanalysismaybeemployedas driversofdigitaltransformation.Challengesrelatedto digitaltransformationareaimedtowardsthedigital revolution.Whileit'sprobablethattechnological behemothswillkeepexpanding,thistransformationwill enhancechancesforpeople.Theleadershipofthe establishedfirmsisrighttobeconcernedabouthow technologyisdisruptingthebusinessclimate,though, sinceeachchangecausesadominoeffecttospread acrosstheglobalentrepreneurialecosystem.
Thefoundationofthedigitalrevolutionisinventionand creativity,whichareessentialtotheglobalizationof entrepreneurshipandthecontinuationofthis transformation.Today,innovationismorewidely availableandisbeingusedatallcorporatelevels.Given thesignificantchangesthathaveoccurredoverthepast tenyears,thenexttenwilllikelyseeevenmore disruptionsandchanges.Itisaprocessofongoing improvementwiththeultimategoalofenhancinghuman welfarethrougheconomicgrowth.
Entrepreneurshipiscrucialinthe21stcenturyforgiving peoplepossibilitiesandimprovingtheirabilitytohandle obstaclesinthefuture.Fromaknowledgeofthe advantagesoflearningculturebypracticeandfrom
entrepreneurshiptoenterprisesthroughouttheworld, supportiveentrepreneurshippolicieshavebeenformed. Initiativestoencourageentrepreneurshiphavemultiplied inrecentyears,includingbusinessincubators,start-ups, andmentorshiporganizations.
Therevolutioninknowledgeandcapacitytoadapttothe newisoneofthedrivingforcesbehindthedigital revolution.Onlylaborandcapitalhavebeen acknowledgedascomponentsofproductioninrecent decadesbytheneoclassicaleconomy.Thisiscurrently changing.Knowledgeandinformation,justasthosetwo latteritemssupplantedlaborandland200yearsbefore, arethekeysourcesofwealthcreationinthenew economy Additionally,technologicaladvancementsin the21stcenturyhavemovedthemajorityofwealth generationawayfromphysicalproductionandtoward knowledge-basedproduction.Knowledgeand technologyareimportantcomponentsofmanufacturing. Knowledgeandexperiencemaybeimmediately communicatedaroundtheworldduetotheincreasing mobilityofinformationandtheglobalworkforce,and whateveradvantageacorporationhasachievedcouldbe completelydestroyedbyovernightcompetition advancements.
Theonlycomparativeadvantageabusinesswillhaveis itsinnovationprocess,whichcombinestechnological know-howwiththeinventiveskillsofknowledge workerstoaddressaconstantstreamofcompetitive issues,aswellasitscapacitytoderivevaluefrom informationintheknowledge-basedeconomyand knowledgemanagementinthenewinformationsociety Knowledgecreationandresearcharebecomingmore andmoreimportantdifferentiators.
Technologymayenhancetheeducationalprocess, makingskillandintellectualprowessincreasingly crucialtodevelopsomethingdistinctiveandgenerate moneyforfuturegenerations.Thefirmbecomesmore digitalized,creatingacreativeatmospherewhereitis possibletoobservemarkettrendsandtheopportunities presentedbycutting-edgetechnology.
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Professor RUHR-UNIVERSITÄT BOCHUM
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Prof. Graham Weale
A Recognised Expert in Energy Markets, Energy Strategy and Energy Transitions in the EU / USA
Prof. Graham Weale has worked with all types of energy for more than 40 years. He teaches energy economics at the German Ruhr University in Bochum's Center for Environmental Management, Resources, and Energy.
With his comprehensive knowledge of economics, energy policy, and technology, he is able to provide insightful analysis of energy trends and provide a welcome dose of reality check for governments' lofty objectives. His ability to challenge the status quo and think outside the box makes him a highly sought-after guest speaker.
Prof. Weale, who is fluent in both English and German and travels as needed both inside and outside of Europe to deliver his presentations, lives and works in the industrial Ruhr region of Germany and has strong ties to both power firms and energyintensive industry.
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Belowarehighlightsoftheinterviewconductedbetween World'sLeadersandGrahamWeale:
Describewhoyouareasaperson,insideandoutside oftheworkplace.
Iamaverycreativepersonwithaninsatiablecuriosity toalwayslearnmoreandhaveapassionforenergy, whichIhaveexercisedforover40years.Havingbegun workasaphysicistintheelectronicsindustry,Idecided tomoveintoacareerwithamuchstrongerinternational dimensionandmadethetransitionintoenergy,starting withExxonMobil,fromwhichIneverlookedback.
Outsideoftheworkplace,Iamaveryhappilymarried manwithtwosonsandtwograndchildren.Musicismy mainhobby,andIplayinGermany'sManagement SymphonyOrchestraaswellasinachambermusic societywhichIfounded.
IamalsoacommittedChristian,andasatrained scientist,Ifindthatmybeliefsandscienceareinperfect harmony.Withmywife,wearemembersofanAnglican
ChurchinDüsseldorfandhavealsofoundedaGermanspeakingchurchwhichmeetsinourlivingroom.
Describeyourbackgroundandwhatdidyoudobeforeyou joinedtheRuhrUniversityBochum?
AftermyeducationinscienceatOxfordandengineering,I workedinthedownstreamdivisionofExxonMobil,bothin logisticsandinoneoftherefineries.Mymajorachievement duringthattimewasintroducingasystemthatgreatly improvedrefiningprofitability.
MynextmovewastogetanMBAspecializingineconomics andfinance.Thiswasthebridgetomysubsequentcareerasan energyeconomist.
For25years,Iworkedasanenergyconsultant,finallyas DirectorofEuropeanConsultancyforGlobalInsight,nowpart ofStandard&Poors.
MyconsultancyworkcoveredallformsofenergyandIhad clientsinmostEuropeancountries,includinggovernmentsand theEuropeanpermission.
Itwasthejunctionbetweentechnologyandeconomicswhich particularlyinterestedme,andIwascreditedasthefirst consultanttodrawEurope'sattentiontothepotentialfor combinedcyclegasplants,whichIlearnedaboutwhilst visitingTurkey,tomakeamajorcontributiontopower generation.
MyworkonnaturalgaswasparticularlystrongandIwas frequentlyengagedasanexpertwitnessinhigh-profilecontract arbitrationdisputes.
Inmyearlyfifties,IwasappointedChiefEconomistofRWE AG,Germany'slargestpowergenerator.Thisentailedleadinga teamtopreparetheforecastsusedforinvestmentand contractingdecisionsandprovidingotheradvicetotheBoard. Towardstheendofmytimethere,IwasaskedbytheChairman toestablishconnectionswithleadingThinkTanksinother EuropeancountriesandtheUSAinordertoidentifypolicy trendswhichcouldbecomeimportantinthecountrieswhere RWEwasoperating.
Now,asProfessorofEnergyEconomicsandPolicy,Ibringmy experiencetobearonthecurrentchallengesfacingGermany andEuropeandalsoseektoinspirestudentstoworkinthis sector.Ibelongtotheinter-disciplinaryCentrefor EnvironmentalManagement,ResourcesandEnergyCURE.
Alongsidemyacademicrole,Iamalsoengagedasaguest speakeratcompanyeventsorinternationalconferences,where Iseektothinkoutsidetheboxandalsotobringsomenecessary realitytocurrentenergypoliciesandtargets.Thesespeeches relyheavilyonmycross-disciplinebackgroundandknowledge ofdevelopmentsacrossarangeofcountriesandenergytypes.
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TellusabouttheinceptionoftheRuhrUniversity Bochum.Howdiditallstart?
TheRuhrUniversitywasestablishedinthe1960saspartof themajorpost-warexpansionoftertiaryeducation.Itlies around#15intherankingandisnotableforitsaustere concretearchitecture,whichstandsinstarkcontrasttothe beautifulbuildingsinOxford,whereIstudied.The governmentatthetimeconsiderededucationwasagreat privilegeandstudentsshouldnotbespoiledbythequality oftheirbuildings!
Whathasmadeyousuccessful?Whatdoyouvalue? Severalfactorshavecontributed.First,Iwasfortunateto attendaverygoodprivateschoolwithparticularlygood mathematicsteaching,whichprovidessuchanimportant backgroundforscienceandeconomicsandteachesvery rigorousthinking.
Secondthecombinationoftechnologicalandbusiness educationgavemesomeuniqueinsightsintoenergy challenges.
Third,Ihavebeenverypersistentandopportunistic.Asan energyconsultant,ItravelledwidelyacrossEuropeandthe US,alwaystolearnasmuchasIcouldandbeableto informclientsofdevelopmentsinothercountrieswhich couldberelevanttothem.
WhicharethemajorservicesoftheRuhrUniversity Bochumandhowdothecompanytogetaheadinthe competition?Whatvalue-addedservicesdoesthe companyprovide?
TheRuhrUniversityisamulti-facultyinstitutioncovering science,engineering,economics,medicine,lawandother socialsciences.Itsinter-disciplinarycapabilitiesarea particularsourceofstrength.
WhatarethemostimportantaspectsofaRuhr UniversityBochum'sculture?Whatprinciplesdoyou believeinandhowdoyoubuildthisculture?
Themainaspectsare:
Ÿ strivingforhighacademicstandards,whichcanbe measuredi.a.bypublicationsuccess.
Ÿ inspiringstudentsandtreatingthemfairly,avoidingany kindofdiscrimination.
WhatisthesignificanceofinnovativeideasintheRuhr UniversityBochum?
Innovativeideascanleadtosuccessfulpublications,but moreimportantly,tonewinventionsorconceptsthatcanbe appliedtoimprovesocietyandsolvecurrentproblems.
Giveusyouropinionon;doorganizationsrelyheavily onindividualheroicsorteamprocesses.
Itisboth.Successfulorganisationsneedtheirshareofstar players,who,inthecaseofuniversities,maybebrilliant
thinkersorhighlycreativeindividuals. Butteamworkis alsoimportantsothatthewholeismoreproductivethan merelythesumoftheparts.
WhatareyourresponsibilitiesastheProfessorofthe company?Whatisthehappiestpartofyourdaily routine?
IholdaseriesoflecturesforM.Sc.studentsonAdvanced EnergyEconomics,Policy,andTechnologyandsupervise projectsthatIdesigntoanalysecurrentenergyand environmentalproblems.Inaddition,Iseektopublish academicpapersandguestarticlesinqualitynewspapers.
Whatadvicewouldyougivesomeonegoingintoa leadershippositionforthefirsttime?
Beveryclearaboutyourstrategy—whatyouwantyour teamtoachieveandhowtodoso.Seektobringthebestout ofyourteammembersandplancarefullyhowyouwill allocatetheirtasks.Inspireandencouragethemandmake theenvironmentaplaceoffunwhichteammemberslook forwardtoeveryday.Also,bewillingtotaketough decisions,includingdealingfairlybutrobustlywith underperformers.
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Kevia Jones
Making the Self-Care a Bit More Desirable
CEO/Founder The Executive Sweet
32 | OCTOBER 2022
TTheExecutiveSweet,ahigh-performancepremiumlineofhemp-basedskin andbodycareproductswithcarefullychosenclean-craftedandvegan ingredients,isthebrainchildofKeviaJones,thecreatorofthenewageof skincareandwellness.
Aftergoingthroughherownchallengeswithanxiety,insomnia,andmental healthissues,Keviafeltforcedtochangeherlife.Jonesmadethedecisionto takechargeofherownrecovery.Herwell-beingandhealthtookprecedence. Herlifewassavedbymindfulness,deliberateliving,bodyawareness,and alternativemedicine,anditthenbecameclearthatherrolewastohelpothers dothesame.puttingherworkandeffortintoawell-knownbrand.
TheExecutiveSweetraisesawarenessoftheadvantagesofadoptingadifferent strategyforbothyourmentalhealthandgeneralwellness.Theseproductsare madefromcarefullyprocessedhempthatarevegan,cruelty-free,andcleanin composition.
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Belowarehighlightsoftheinterviewconductedbetween World'sLeadersandKeviaJones:
Describewhoyouareasaperson,insideandoutsideof theworkplace.
Insidetheworkplace,Iwoulddescribemyselfasanuber ambitious,driven,tunnelvision,goal-orientedpersonwith alltheconfidenceintheworldwholovestoworkwith othersandhasthiscontagiousreassuringenergythat remindsothersthatwecandowhateverwedecidetodo.
Outsideoftheworkplace,Iamverydowntoearth,stilla ballofenergybutdedicatedtonewexperiences,traveling,
spendingtimewithlovedones,andprioritizingmyselfcare.Ilivebyknowingwheretodrawthelineandcreating healthyboundariestomaintainthebalanceofitall.
Describeyourbackgroundandwhatdidyoudobefore youjoinedthecompany?
BeforecreatingTheExecutiveSweet,Iattendedcollege, themilitaryandeventuallyworkedincorporateAmerica (accounting/finance)forover10years.Ibeganidentifying mypurposein2016andstartedusingmyplatformsto inspireotherstoovercomeadversityandimprovetheir overallwellness.Doingthisledtoteachingbodyawareness andbreathworktowomenandchildren.
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Tellusabouttheinceptionofthe company.Howdiditallstart?
TheExecutiveSweetstartedwhenI foundmyselfstrugglingwithmy mentalhealthwhiletryingtobalance work,life,personaldevelopment,and theweightofsocietyandthemany expectationsofme(us).Myabilityto workeffectivelywasbeingaffectedby thesideeffectsofprescription medicationprescribedtomanagea verycommonissue,anxiety.Beingas ambitiousasIam,Iwasnotevergoing tobesatisfiedwithdoingthebare minimum.
Whathasmadeyousuccessful?
Whatdoyouvalue?
Successformeistheabilityto continuelearning,growing,evolving, andgivingmyselfpermissiontodoand beallthatIdesirewithoutregrets.I'm doingthatandmore.Executingthis hasmademeextremelysuccessful.I valuetimeandfreedomineverysense. Ivaluehavingthecouragetostandfor whatyoubelievewhilewelcoming newanddifferentperspectives.
Whicharethemajor services/productsofthecompany andhowdothecompanytoget aheadinthecompetition?What value-addedservices/productsdoes thecompanyprovide?
ThemajorproductsofTheExecutive Sweetarethevarietyofbodybutters (moisturizingcreams),theinstantrelief oil(RollUP),andourfacialskincare kit.Weplantogetaheadbystaying truetoourmission,havingintegrity, showingaccountabilitywhilebeing inclusive,andallowingourclientsand customerstohaveanactivevoicein howwegrowandevolveasa company.Oursignatureevents,which wecall"safespaces,"arecustom experiencesthatwecultivatewithour clientsinmind.Theseservicescan rangefromoutreachinthecommunity, skincareeducationalservices,yogaand
meditation,orwinetastingwhilebeing educatedonalternativeapproachesto healthandwellnesswiththeuseof cannabis.
Whatarethemostimportantaspects ofacompanyculture?What principlesdoyoubelieveinandhow doyoubuildthisculture?
ThemostimportantaspectofThe ExecutiveSweet'scultureisthatwe workhard,butself-careharder.I believethatyoucannotgivewhatyou donothavementally,personallyor professionally.Ialsobelievethatyou cannotteachwhatyoudonotknow andyoucannotleadwhereyoudonot go.Wehavebuiltthiscultureby applyingthethingsthatweknowand haveallowedustobeanexampleof whatwespeakaboutwheneducating onwellnessandfulfillment.
Whatisthesignificanceof innovativeideasinthecompany?
It'simperativethatwebeinnovativeas thebeautyandwellnessindustry continuestogrowandevolve.Italso benefitsourclients'understandingand overallexperiencewhenwerollout innovativeideas.
Giveusyouropinionon;do organizationsrelyheavilyon individualheroicsorteam processes?
Ibelievethatanimpactfuland successfulorganizationiscarriedbya teamconsistingoflike-minded
individualsbutisinitiatedbyan individualwhohadthecouragetodoit despitethechallenges.
Whatareyourresponsibilitiesasthe CEO/Founderofthecompany?
Whatisthehappiestpartofyour dailyroutine?
MyresponsibilityastheCEO/Founder istocommunicateeffectivelywhatthe goalsandintentionsofthecompany are,aswellasprovidemyteamand partnerswiththenecessarytoolsto execute.BecauseIamstillveryhandsoninthescalingphaseofthecompany, itisalsomyresponsibilitytocreatea positiveworkspaceformyteamandto bereachablebyourclientswithin reasontoassurethattheyare comfortablewithus.Thehappiestpart ofmydailyroutineisattheendofthe daywhenIreflectorjournalandcount myblessings.Igettocountour communitytwice.Wewouldn'tbe wherewearewithouteachand everyoneofthem.
Whatadvicewouldyougive someonegoingintoaleadership positionforthefirsttime?
Iwouldshare,embracebeingastudent justasmuch,ifnotmore,thanbeinga teacher.Haveanopenmindbutnever losesightofthemissionandpurpose. Leadbyexampleandwalkbesideyour teambecauseifthere'snoone following,whatareyouleading exactly?
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36 | OCTOBER 2022
Leveraging Her Expertise to Create a Brighter Future
oniqueJeanne orrowM M
Monique Jeanne Morrow is the Senior Distinguished Architect, Emerging Technologies at Syniverse, where she focuses on how emerging technologies, such as blockchain, quantum security, data privacy and ethics, and the metaverse, may create new business prospects. Monique uses her skills in these areas to help build a brighter future as an advocate of Tech for Good and inclusive data policy.
She is a TEDx Speaker and one of Forbes' top 50 Women in Technology in 2018. Monique is also included in the book “Women Know Cyber, 100 Fascinating Females Fighting Cybercrime”, edited by Steve Morgan and Di Freeze. Monique is also a member of WiCyS, which stands for Women in Cybersecurity.
Monique Morrow President & Co-Founder
worldsleaders.com | 37
Belowarehighlightsoftheinterviewconductedbetween World'sLeadersandMoniqueJeanneMorrow:
Describewhoyouareasaperson,insideandoutsideof theworkplace.
Asaperson,Ihaveaninsatiablecuriosityabouttechnology anditspotentialforcreatingvalueforbusinessesandfor society Tothispoint,Iamanavidreaderandwillread multiplebookssimultaneously."TechforGood"ismore thananassertionbutatenetthatIadhereto.Ienjoysports andamamemberoftheZurichRowingClubinZurich, Switzerland.Ialsobelievethatlearningislifelong.I receivedmythirdmaster'sdegreein2019,MScin BlockchainandDigitalCurrency.
Describeyourbackgroundandwhatdidyoudobefore youstarted/joinedthecompany?
Ihaveaneclecticbackgroundandhavebeeninthetech
spaceforover25years.Ihaveworkedatvarious companiesandhavebeeninthestart-upcommunity.I joinedSyniverseTechnologiesonMarch3,2020.It'sbeen anexcitingjourneyoverall.
Tellusabouttheinceptionofthecompany.Howdidit allstart?
Syniverseacceleratesthepromiseoftheintelligently connectedworld.Ourpioneeringplatformstransformhow informationisexchanged,soourpartnersandcustomers canunlockthefullpowerofcommunicationstechnology
Urgentalerts.Criticaltransactions.Personalizedmessages. Alldeliveredimmediately,reliably,andsecurely,billionsof timesperday. We'vebeenacatalystoftheconnectedworld formorethan30years,servicemobilecompaniesandlarge enterprises.
https://www.syniverse.com/about
38 | OCTOBER 2022
Whathasmadeyousuccessful?Whatdoyouvalue?
Successiscontextual. Successcantranslatetoaqualityoflifeandwitnessingthe impactyouhaveonothers.Ivaluemyfamily,friends,andthefragileenvironment weshare. IvaluetheprinciplesofDiversity,Equity,andInclusion[DEI];and Environmental,Social,andGovernance[ESG]notaschecksonalistbutastenets thatarecoretoanorganization'sculturethatarefoundationaltodigital transformation. Ibelieveingivingbacktosociety,hencethenon-profit organizationIco-founded,TheHumanizedInternet,whichfocusesondigital identityandtechforgood:
https://thehumanizedinternet.com/.
Whatarethemostimportantaspectsofacompany'sculture?Whatprinciples doyoubelieveinandhowdoyoubuildthisculture?
Theremustbeaspiritoftrustandtransparency,orwhatIcallthe“twoT's”. Trust iscriticalincreatinga"safe"spacefromwhichpeoplecandebateopenly Wecall this"Debate,Decide,Do!"atSyniverse. Transparency,sothatourcolleagues understandourcorporatestrategiesandfeelthatweareallcriticaltotheexecution ofthesestrategies. Whatistoxictoacultureispassive-aggressivebehaviour. It's importantthatweallengagepositivelytogether.
Whatisthesignificanceofinnovativeideasinthecompany?
Innovationcancomefromanyoneanddoesnotnecessarilymeanthecoolest technologiesintheindustry Thinkabouttheinnovationinremovingfrictionina processandtheimplicationstherein.Acultureofinnovationallowspeopletomake suggestionsonwhatwilldelightcustomers,enableoperationalexcellence,and,in general,beinclusive.
Giveusyouropinionon;doorganizationsrelyheavilyonindividualheroicsor teamprocesses?
IndividualheroicsarenotsustainableIt'sateamsporthere,andthereforeteam processesarepivotal.However,itmaynotbeenoughto"playyourposition,"You mayneedtodiveinbecauseitmakesbusinesssensetodoso.Thisshouldbethe exceptionandnotthenorm.Furthermore,theindividualrisksburnoutandthe organizationsuffersinthelongterm.
WhatareyourresponsibilitiesasDirectorofthecompany?Whatisthe happiestpartofyourdailyroutine?
IamaSrDistinguishedArchitectwhichtranslatestoaSeniorDirector. Oneofthe keyresponsibilitiesthatIhaveisworkingacrosstheorganizationtoidentifyhow anemergingtechnologycanenableourproduct/servicepipeline. Customer interactionsarepartofthisfunction. IenjoywhatwecallatSyniverse,"imagining thepossible"withmycolleagues. Itistrulyexhilarating!
Whatadvicewouldyougivesomeonegoingintoaleadershippositionforthe firsttime?
Whetheryouareanindividualcontributororapeoplemanager,leadershipmeans acceptingaccountability Thisdistinctioniscriticalaswemustownouractions andtheimplicationsofouractions. Assumingriskmustbebalanced. Doing nothingisNOTanoption.
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Naitik Chandak Founder & CEO
42 | OCTOBER 2022
Beneath Analytics Pvt Ltd.
CHANDAK NAITIK CHANDAK NAITIK
Tech Entrepreneur with Passion for Emerging Technologies to Create Better Future Leader
TheCEOandFounderofBeneath AnalyticsisNaitikChandak.Hegraduated in2017withaBachelorofSciencein InformationTechnology.Naitikwillbea greaterleaderinthefutureduetohis outstandingteammanagementskills, productinnovation,andforward-thinking initiativesforresearchanddevelopmentin cutting-edgetechnologieslikeAIand machinelearning.
Belowarehighlightsoftheinterview conductedbetweenWorld'sLeadersand NaitikChandak:
Describewhoyouareasaperson,inside andoutsideoftheworkplace. Thisquestionmademedosomeselfanalysisaboutmypersonalityatworkand outsideofwork.Atwork,Ibelievemorein disciplineandfocusonmypeople,whoare workinghardtoachievethevisionand company'sobjective.Asadecisionmaker,I havetobeverycarefulaboutgrowthandbe readyforthechallengesthatmightcome alongtheroad.Havinganintroverted personality,Iamnotapartyperson,so whenIamnotatwork,Icanbefound aroundbooksortechgadgetsdoingmy research.Iliketoplaychessandliketoeat pizza—IamvegetarianandIdon'treally drink.
Describeyourbackgroundandwhatdid youdobeforeyoustarted/joinedthe company?
IcompletedmyBachelor'sdegreein InformationTechnologyin2017andstarted workingataBangalore-basedstartupasa SoftwareEngineer.Iswitchedmultiple companies,andthatalsotransformedmy careerfromtechnicalrolestobusiness roles.Icomefromabusinessfamilyand havemotivationfromanentrepreneur fatherwhohasstartedabusinessfrom scratch,IadmirehimforwhoIamtodayat thisstage.
Tellusabouttheinceptionofthe company.Howdiditallstart?
ItallstartedduringtheCOVIDperiod. Whilepeoplewerelosingtheirjobs,Iquit myjobandstartedwithBeneathAnalytics. Itallbeganwithhavinganunderstanding andaclearvisionofhowtechnologieslike ArtificialIntelligenceandDataAnalytics canshapevariousindustries.Ibelievethe mostinspiringentrepreneurIhaveevermet ismyfather,whohadknowledgeof businesswithoutanybusinessorgraduate degree.Hismotivationhelpedtoformthe company
Whathasmadeyousuccessful?Whatdo youvalue?
Idon'treallybelieveIamsuccessfulyet;
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T
successisnotadestination;itisa processinwhichIbelieveeveryone mayhavedifferentperspectives.Some maybelievegettingrich&luxuriesare formsofsuccess,whilesomemay believemakinganimpactontheworld inapositivemannerissuccess.Ifall intothesecondcategory,whereI believebeingsuccessfulisequalto beinghelpfultosociety.Ibelievein simplelifeandhighthinking,whichI gottolearnfrommyfatheronly.No matterwhoyouare;whatyouare; neverforgetthatyouarehumanand neverletsuccessbeinyourheadand failurebeinyourheart.
Ivaluemypeoplemorethananything else;IamwhatIamtodaybecauseof them.Theybelievedconstantlyinmy visionandsupportedmeineachand everydecision,beiteasyordifficult.
Whicharethemajorservicesofthe companyandhowdothecompany togetaheadinthecompetition? Whatvalue-addedservicesdoesthe companyprovide?
AtBeneath,wearefocusedon developingproductsandcateringtoa widerangeofservicesthatinclude customAI,cloud,analytics,bigdata, andconsumerandenterprise applications.Ourmethodsareunique inthattheydevelopcustomsolutions basedontheclient'srequirements.For services,ourbusinessmodelisquite unique.Wepartnerwithcompaniesand helpthemtoachievethenextlevelby followingpartnershipmodels—
Ÿ DevelopmentPartner
Ÿ AnalyticsandImplementation Partner
Ÿ CloudPartner
Ÿ TechnologyPartner
Forourproducts,weofferdifferent subscription-basedoffers,and sometimesweletcustomers experimentwiththeproductinorderto gettherightexperienceand expectationsfromit.Wehave6 productsmentionedonourwebsiteat https://beneath.co.in/asB-Canny(AI enabledChatbot),B-SDEA(Smart DataEntryAutomation),B-Vision(AI
enabledProductivitytool),B-Predict (eCommercefocusedcustomerpattern analysistool),andB-Senti(AIenabled CustomerSentimentAnalysistool), andsomeoftheseproductsareunder researchanddevelopment. Furthermore,wehavestrongbusiness partnershipswithFortune500 companiessuchasAWS(Consulting), MicrosoftAzure(Technology), MixPanel(Certified-1stinGujarat,3rd inIndia),andSnowflake(Analytics), andweareconstantlyworkingto expandourrelationshipswithother companiesinordertoexpandour expertiseandlearnmoreeachday
Trustisamajorfactorthathelpsus stayaheadofthecompetition.We believeinwhatwecandeliverandwe deliveritontime.Sometimes situationsmightbegenuinetoget thingsdelayed,butnotalways!
Whatarethemostimportantaspects ofacompany'sculture?What principlesdoyoubelieveinandhow doyoubuildthisculture? Webelieveeveryoneisdifferent,and weallcomefromuniquebackgrounds. Ourkeytosuccessisourpeopleand diversity.Weacceptideasopenmindedlyandletourpeopletake ownershipoftheirideastonurture themwiththerightsetofresourcesand environment.Thefactis,ourcompany ismoreabouthavingan entrepreneurialmindsetthanan employeemindset.
Whatisthesignificanceof innovativeideasinthecompany? Wearelivinginaworldwherechange istheonlyconstant,andchangecomes frominnovation,tryingandfailing withideas.Ourstrongbeliefin innovationcomesfromthepeoplewe workwithonaneverydaybasis.One candefinitelyreachouttomeandpitch theirideainordertokeepthe innovationgoing-on.Wewelcome ideasandshapethemintopeopleand enterprise-readyproductsbygiving completeownershiptoaninnovator withinthecompany
Giveusyouropinionon;do organizationsrelyheavilyon individualheroicsorteam processes?
Well,Iamnotafollowerof stereotypicalstructuresthatcompanies usedtofollow.Ibelieveonecanthink anddeliverasanindividualorasa team.Sometimeswehavetoappreciate theuniquenessandexcellentideasthat onecanhaveregardlessofwhatothers arethinking.Wehaveseensome projectswhereonepersonwasableto deliverthingsontimeratherthan lookingfororwaitingforother teammatestobelieveintheirvisionor idea.
Whatareyourresponsibilitiesasthe Founder/CEOofthecompany?
Whatisthehappiestpartofyour dailyroutine?
Firstandforemost,Iamnotreally entitledtocallmyselfFounder/CEO, asIamalsooneoftheteammembers workingwithme.Iwouldliketocall myselfaleaderoremployee coordinatorwhereonedoesn'treally feelawkwardorshyaboutreachingout tomewithanyoftheirproblems,be theypersonal,professional,financialor mental.Iliketobackmypeopleupif theyarefallingatanygivenmomentin life.Iamadecision-makerforsure; consideringmypeopleallthetime,and yes,that'sthehappiestmomentforme inmydailyroutinewhenIseepeople arenothatingMondayatBeneathto loginandworkremotely!Iamnot bragging,butthat'strue.
Whatadvicewouldyougive someonegoingintoaleadership positionforthefirsttime?
Leadershipcan'tbetaughtbysomeone; youhavetolearnitbyyourselfonly Tolearnthis,youmustbewillingto takeasmanycalculatedrisksas possible,becauseleadershavetomake decisionsbyconsideringtheimpacton bothpeopleandbusiness—ifyouare runningoneorplanningtostartone. Makemistakesandlearnfromthem. Lettheworldknowyouforwhoyou areandwhatyourrealpotentialis.
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HOW ENTREPRENEURSHIP Promotes Economic Growth
46 | OCTOBER 2022
Thephrase"entrepreneurship"refers tobeginningabusinessgenerally. Forinstance,HowardStevensonof HarvardBusinessSchooldescribes entrepreneurshipasthe"pursuitof opportunitybeyondresources controlled,"viewingitasatypeof managerialstrategyratherthana particularperiodoftime,suchasthe establishmentofabusiness,ora particularindividualwithina business,suchasitsfounder.
Althoughthelinkbetween entrepreneurship,economicgrowth, development,andwelfareis complicatedforanumberof reasons—someofwhichare exploredbelow—thereisstilla significantriseineconomicgrowth asaresultofentrepreneurship.Itis notapanacea,though,andaswillbe exploredbelow,otherfactorsinthe economybesidesentrepreneurship haveasignificantroleindeciding whethereconomicgrowthtakes place.
Newinventionsthatwilltackle intractablesocietalissueslike climatechangeandstructuralracism arepromisedasaresultofthe entrepreneurialactivitiesthathave compellednewsocial,political,and economicdevelopments.Notably,the
Tconsequencesmightchangeand occasionallydonotproducethe socialjusticeorbeneficial developmentoutcomesthatwerefirst promised.
Theabilitytosolvesocietal challengeshasbecomemore recognizedasakeyroleof entrepreneurshipasithasgrown moresociallyawareoftheeffectsof entrepreneurialactivityonsuch concerns.
Thoughitsproponentsmaynotbe awareofit,entrepreneursdohavea beneficialoverallinfluenceon economicgrowth,eventhoughthe researchsuggeststhattheseeffects varygreatlyacrossdifferent economicsectors.
Theeconomy'smanysectorssee unevengrowthasaresultof entrepreneurship.Inspiteofthe prevalenceofinnovation, entrepreneurs,andinnovation ideology,productivitygrowthhas been"atbestmoderateinrecent years,"accordingtostudiesof economicgrowth.Thisisduetothe factthatinnovationimpacts industriesquitedifferently,meaning thatithasasignificantinfluenceon thegrowthofsomeeconomicsectors butnotallofthem,accordingto researchfromtheNationalBureauof EconomicResearch.
Accordingtoreviewsofthescholarly literature,whilegenerallypositive, therelationshipbetween entrepreneurshipandenhancing welfareisalsocomplex,influenced byelementslikeregionalpopulation, entrepreneurshipdensity,andthe particularindustryinwhichthe entrepreneurialactivityistaking place.
Entrepreneurshipmaybecategorized aseither"opportunity entrepreneurship,"whichismotivated byanapparentbusinessopportunity,or "necessityentrepreneurship,"which resultsfromalackofalternative options.
Itmayalsobelinkedtoweakeconomic growthorlaggingeconomic development,accordingtoexperts,if entrepreneurialactivityisasymptom thattheeconomyisn'tproducing enoughwagepossibilitiesorjobs,asis thecasewithnecessity entrepreneurship.Additionally,some researchershavemadethecasethat, undersomeconditions,economic developmentmaybelinkedtoarisein overallinequality.Forinstance, academicsclaimthatsincethe1970s, incomeinequalityandeconomic developmenthavebeenassociatedwith oneanotherintheUS.
TheBottomLine
Thecurrenteconomicmodelplacesa highvalueonentrepreneurship, particularlyinpost-industrialnations liketheUSwhereplatform-driven businessesandthe"knowledge economy,"whichfrequentlydepends onparticularinnovationsor "disruptions,"havedominatedthe marketandtakensignificantmarket share.
Forpolicymakersandcompany owners,itiscrucialtocomprehendthe connectionbetweenentrepreneurship andeconomicdevelopment.Knowing theadvantagesanddisadvantagesof entrepreneurshipenablesabalanced approachtofosteringit,which,ifdone well,mayhaveagoodeconomicand societyimpact.
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Sam Wanekeya
A Techpreneur with Years of Expertise in Software Development
Sam Wanekeya is a full-stack software engineer with Eight years of experience working as a parttime and full-time software engineer. He is a high-performing technology leader. Technical strategy, corporate architecture, cloud computing, big data, blockchain software development, and machine learning are among his areas of competence.
48 | OCTOBER 2022
Samhashadadeepinterestin technologysincehewasachild. Heshares, "My father bought us a computer back in 2005 and allowed us to play an active role in using the computer and also make any repairs whenever any damage occurred." Sam decidedthenthathewantedtopursuea professionthatenabledhimtotinker withcomputersandeventuallyuse thosesametoolstotackleissuesinthe realworld.Heexperimentedalotwith manyprojectswhilehewasastudent atUnitedStatesInternational University-AfricastudyingApplied ComputerTechnology.Beforestarting Kakbima,heworkedonseveral softwaredesignanddevelopment projects.Hehasexperienceworkingon singleprojects,leadingteams,and workinginteams,occasionally collaboratingwithhisco-founder BertrandOmuga.
Belowarehighlightsoftheinterview conductedbetweenWorld'sLeaders andSamWanekeya:
Describewhoyouareasaperson, insideandoutsideoftheworkplace. Iampassionateaboutmyworksimply becauseIlovewhatIdo.Ihavea steadysourceofmotivationthatdrives metoalwaysdomybest.Idocarrythe samezealoutsidetheworkplace, challengingmyselfdailyandlearning newskillsthathavehelpedmetodo betterwork.Forexample,besidesthe obvioussoftwareengineeringskills oneisexpectedtohave,I'vehadto learnalotaboutinsurance.From attendingclassestointeractingwith industryexperts,theteamat Kakbima andpolicyholders,withthegoalof leadingthecompanyintheright directionandhelpingbuildabetter insurancepolicy.Outsideoftheoffice, I'manavidstorywriteronMedium andlovetosharemyknowledgebased onmyexperiencetohelpoutother startupsandsmallbusinessesnotmake thesamemistakesI'vemadeinthe past.Onweekends,youmightfindme
helpingoutdifferentclothingstore ownerswithinourcity'scapitalor exploringhikingtrailsoutsidethecity
Tellusabouttheinceptionofthe company.Howdiditallstart? Kakbimaisthebrainchildof passionatepeoplewithavisiontoreimagineandhelpbuildabetter insurancepolicy.Ihadjustcompleteda previousprojectofdesigningand developingahospitalmanagement systemforafairlynewclinicwith multiplebranchesacrossthecountry andgottolearnalotaboutthegaps thatdoexistbetweeninsurance companies(carriers)andhealthcare facilities(clinics,hospitals,ambulance serviceprovidersetc.)majorityof whichwereaffectingtheuptakeof insurancebyconsumers.Ontheother hand,Bertrand,ontheotherhand,had workedintheinsuranceindustry, understoodthesechallengesonalevel thatallowedhimtobuildacasearound themtoseewhatsolutionshecould comeupwith.Itwasatthispointthat wedecidedtojoinforcesandstarted offbybuildingasolutionforinsurance agentsthusmovingforwardtostartthe company,havingreceivedimmense positivefeedbackandanudgeto commercializethesolution.
Whathasmadeyousuccessful? Whatdoyouvalue?
Passion,consistency,andpatience. Passion,havingazealtohelpout, makingachange,orimproving somethingdoesmakeabigdifference.
Whicharethemajorservicesofthe companyandhowdothecompany togetaheadinthecompetition?
Whatvalue-addedservicesdoesthe companyprovide?
Kakbimaconnectsinsurers, distributionpartners,andcustomersto transformthewayinsuranceisbought, managed,andsold.Thisisdone throughourinsurancemanagementand distributionplatformthatremovesthe barrierstoflexibleproduct developmentanddistributionchannels, helpingmorenewbusinessesget started,expeditegrowthforexisting companies,andincreaseglobal consumercoverage.We'vestayed aheadofourcompetitorsbybringing numerousinsurancepurchaseand managementprocessesintothedigital space.Theplatform'sfeaturescombine CustomerRelationshipManagement (CRM),products(Motorand Motorcyclefullysupported),policy, claimsmanagement,quotation automation,premiumpayments,and muchmoreintoasingle,integrated platform.
Wecurrentlyprovide3othervalueaddedservices.
BusinessProcessOutsourcing(BPO)
-OurBPOwasformulatedtosupport allback-officeprocessingneeds.The Kakbimateammembersworkdirectly withoperationalandunderwritingstaff tominimizetime-consuming administrativeactivities.
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Forensic&SecurityAudits-The Kakbimateamoffersanumberofboth proactiveandresponsivesolutionsto directlyaddressanyforensicchallenge thatanorganizationmaywishto undertakeintheirongoingeffortsto mitigateandrespondtopotential compromisesbyadvancedthreats, employee-misconduct,andother similarandrelatedthreats.
InsuranceConsumerEducation–
TheBimwikconsumerawareness platformprovidescomprehensive insuranceeducationandtoolstohelp insuranceeducatorsmanage,measure, andenrichlearningexperiencesonall matter'sinsurance.
Whatarethemostimportantaspects ofacompany'sculture?What principlesdoyoubelieveinandhow doyoubuildthisculture?
Trust,community,andinnovationare themostimportantaspectsofa company'sculture.
Ibelievethatagreatcompanyneedsto haveitsemployeesequippedwith substantialindustryknowledgeabout theircustomersandcompetitors, providehighqualityproducts,and haveclear,achievablegoals.The
companycultureisbuiltbydefining whatagoodcompanycultureis, makingadjustmentstocreateapositive workenvironmentandfinallyhelping theteamachievethesetstandards.
Whatisthesignificanceof innovativeideasinthecompany?
Theyhaveallowedustoprovidebetter productsandservicestoourcustomers, savingyoutimeandmoneyandgiving usacompetitiveadvantageoverother companiesstuckintheirsystems.
Giveusyouropinionon;do organizationsrelyheavilyon individualheroicsorteam processes?
Individualheroics.Thisisthecasein mostpartsoftheworld,andcanbe attributedtotheshiftinstockexchange orcompanyevaluationswhencertain individualswithinthecompaniesmake adifferentmovethatiscontrarytothe norm.Inmostcases,thereisalarge teaminvolved,buttheattributionfor successorfailurealwayslandsonone individual.
Whatareyourresponsibilitiesasthe Principal/CEO/Presidentofthe company?Whatisthehappiestpart
ofyourdailyroutine?
MycoreresponsibilitiesatKakbima are:
Ÿ
Buildingourtwomainproducts (theKakbimainsuranceand Bimwikconsumerawareness platforms),thisinvolves observing/interactingwithusers, writingcode,designingproduct specs)andacquiring users/customers.
Ÿ
Interactingandhelpingtheteam understandourvision,values,and companyculture.
Ÿ Communicatingeffectivelywithall ourstakeholders Interactingwithourusers/customers, theteam,andgettingfeedbackonthe productswehavebuiltalwaysbrings joytome.Ialwaysfeelasenseof accomplishmentwhenauser'sproblem issolved,especiallywhentheyreach outtoyoutoexplainafeaturethey founduseful,notknowingthatyou werepartoftheteamthatbuiltthe solution.
Whatadvicewouldyougive someonegoingintoaleadership positionforthefirsttime?
Sharerelentlesslywithyourteam.Let themknoweverythingyouknow unlessitisabsolutelyconfidential. Admittothepossibilityofbeing wrong.Thenyouwill,moreoftenthan not,comeupwiththebestanswer Makemeetingsfuntoanappropriate extent.Beingeffectiveandthoroughin meetingsdoesnotruleouthumorasa lubricanttobringoutthebestinyour teammembers.
Youcan'tbeeveryone'sfriendneither canyoumakeeveryonehappy.Don't gettooclosetoanyofyouremployees, asthatmayleaveyouwithlittleroom todisciplineorevaluatethemproperly
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54 | OCTOBER 2022
Sheri Hinish Vice President IBM
SHERI HINISH
Creating Change that is Impactful, Equitable, and Responsible
Sheri Hinish loves highlighting sustainable innovation, insights that challenge conventional thinking, and diverse people across global supply chains who are underrepresented in STEM and supply chains. She hosts a top podcast called the Supply Chain Revolution, exploring how we can use circularity, sustainability, inclusive leadership, and technology to design a better world. Companies featured include Microsoft, SAP.iO, Ellen MacArthur Foundation, Pyxera Global, Roundtable for Sustainable Palm Oil, Rheaply, Infor, IBM, Starbucks, and many more.
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Belowarehighlightsoftheinterview conductedbetweenWorld'leadersand SheriHinish:
Describewhoyouareasaperson, insideandoutsideoftheworkplace. Iamsomeonewhoisincrediblydriven bypurposeinallthatIdo.Mypurpose issimplytomakeameaningfulimpact ontheclients,colleagues,partners,and communitiesIserve.Ihelpcustomers designandbuildsupplychainsofthe futurethatempowerthehuman experience,strategicallychampion stewardship,andcreatechangethatis impactful,equitable,responsible,and profitable.WhenIamnotworking,I am...spendingtimewithmy3kidsand husband,walkingoutdoors,gardening, andcooking.
Describeyourbackgroundandwhat didyoudobeforeyoustartedor joinedthecompany?
Colleaguesandclientsaffectionately callmethenickname"SupplyChain Queen."I'mrecognizedasatrusted advisorthatcompaniesconsistently leverageforstrategyandaunique pointofviewinsupplychain, sustainability&theSDGs,talent+ organizationalchangemanagement, diversityasabusinessimperative,and strategyindigitaltransformations.
Ihavespentover17yearsleadingand influencingtransformationsasa practitionerandconsultantforFortune 500clientsinconsumer,technology, industrial,anddisruptiveinnovationin e2eprocessesandproductdesign.
Iamarebelandaneternalstudentwho lovestobringoutthebestinpeople. I'vemadeacareerofsimplifyingthe complex,rethinkingsupplychain strategyandcustomerexperience.I hostatoppodcastthatevangelizesthe futureofsupplychainscalledthe "SupplyChainRevolution."Myvision istochangetheworldthroughshared purpose,sustainablesupplychains, circularity,andbuildingtechnology groundedintheprinciplesof sustainabledevelopment.
BeforejoiningIBM,Iservedasa sustainabilityandsupplychainleader foranumberofglobalbrands.Ialso foundedSupplyChainRevolution,a podcastthatsharesstoriesofpurpose andsustainabletransformation, innovation,andprovocativepointsof viewthatchallengeparadigmsfor progress.
Tellusabouttheinceptionofthe company.Howdiditallstart?
IBMisaleadingproviderofglobal hybridcloudandAIservicesand consultingexpertise.Wehelpclientsin morethan175countrieswithinsights fromtheirdata,streamlinebusiness processes,reducecosts,andgaina competitiveedgeintheirindustries.
Earlierthisyear,IBMConsulting officiallylaunchedourSustainability Servicesoffering.Ourteamofleaders andconsultantsworkwithbusinesses todevelopsustainabilityroadmapsthat gobeyondcompliancetomeetboard andconsumerexpectations;implement aholistic,responsiblecomputing platformbasedoncloudandAI;and operationalizesustainabilityby incorporatingdataandautomationinto dailyworkflows.
Whathasmadeyousuccessful?
Whatdoyouvalue?
Myworkethic,determination,and passionforworkhaveallledtomy success.Ithinkit'salsomyloveof learningandabilitytochallenge traditionalparadigmsofworkthatset meapartfromothersandisoneway thatI'veachievedsuccess.
Itrulyvaluemyrelationships—in particular,myrelationshipswithmy family,friends,teamandpeersin sustainabilityandsupplychain.My relationshipsbringmejoy,theykeep meinformedandtheyhelpmegeta betterviewofwhatthelatest challengesandbestpracticesarethat wecanimplementonourjourneyto becomemoresustainable.
Whicharethemajorservicesofthe companyandhowdotheythe companytogetaheadinthe competition?Whatvalue-added servicesdoesthecompanyprovide? IBMConsultingSustainability Servicesguidesclientsfromstrategyto executiontobecomeasustainable enterprise.IBMhelpsembed sustainabilityintoanorganization's operationsandcultureacross transparentsupplychains,ESG reportingandfinance,responsible computingandgreenIT, decarbonizationandcleanenergy transition,climateriskassessmentand adaptation,andmostimportantly, puttingthehumanexperienceand planetaryhealthatthecenterof transformativechange.
Whatisthesignificanceof innovativeideasinthecompany? InnovationisatthecoreofwhatIdo eachday.Isurroundmyselfwitha teamofdiversethinkerswhoare passionateaboutsustainabilityand howIBMConsultingcanhelp companiesdrivemeaningfulchange whilenotlosingsightofachieving theirbusinessgoals.
Giveusyouropinionon;do organizationsrelyheavilyon individualheroicsorteam processes?
Ireallythinkthatitdependsonthe organization.Ibelievethatindividual heroicsarenotthekeytolong-term success.Youneedtohaveanengaged teamandaclearvision,alongwith processesinplacethatcanhelpyou achievesuccessasaunitratherthana singularperson.
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Whatareyour responsibilitiesasthe Founder/CEOofthe company?Whatisthe happiestpartofyourdaily routine?
Icurrentlyleadsustainability servicesandalliances globallyforIBM.Myjobis toserveanddeliver differentiatedvalueand impactforourclientswitha breadthofofferings,strategic alliances,research,worldclasstalent,andethical innovationtobuilda responsible,equitable,and circularworld.Thehappiest partofmydailyroutineis wakingeachmorning knowingIamdoingexactly whatIwasputonthisearth todo!
Whatadvicewouldyougive someonegoingintoa leadershippositionforthe firsttime?
Neverstoplearning.Beinga leaderdoesn'tmeanalways havingalloftheanswers.A greatleaderlistenstotheir teamandlearnsfromthem, regardlessofhowjunioror seniortheymaybe.
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