4^th Global Entrepreneurship Congress November 13-14, 2023 Singapore City, Singapore

1. Work from Home and Hybrid Work:

We have seen a lot of changes both personally and professionally since the epidemic. On the business front, several organizations adopted remote working practices, and now that things appear to be under control, many companies have chosen a hybrid work environment. An ecosystem of workers who work from the office, from co-working spaces, or remotely is what is meant by the term "hybrid working," which is not restricted to any one physical location.

2. Long-Term Cash Planning:

Forecasts are made to predict how the future could pan out when a corporation develops and executes a budget describing future expectations. The performance of the company is compared to the forecast when it enters the future projected periods to make sure it is moving in the right direction. As a result, updated estimates are occasionally made in reaction to actual outcomes and other outside influences on the business environment.

3. Subscription Based Business:

Customers pay to utilize your services under a subscription-based business model for a certain amount of time, such as a monthly Netflix or Microsoft 365 subscription. Several consumers first turned to these online transactions for protection when lockdowns started in 2019. A recent McKinsey survey found that 49 percent consumers already utilize a subscription service. Yet, it is projected that the extra convenience would continue to spur unabated expansion. Visitors to these establishments seldom ever purchase or genuinely appreciate the goods or services they get. Nonetheless, they get access to continuous management of a company's operations, technical assistance, and other advantages. They are bound into a yearlong class for the specifics they do enjoy, which may include exclusive specifics, abatements, etc.

4. Eco-friendly Business Practices and Products:

The company's website is housed entirely on a server, which consumes a lot of energy to function and maintain cool. The website uses more energy the more files it has stored on the server and the more data requests it sends to the server when a user browses through it. One of the most effective strategies to lessen the impact your website has on the environment is to host it on a server that uses green energy and to make sure that you or your web developer does routine website cleanups of unused files, code, and plugins.

5. Social Commerce:

Social commerce advertises goods and services via networking websites. The success of social commerce initiatives is measured by the quantity of retweets, likes, and shares. By offering knowledgeable product advice and help, social commerce tries to attract online shoppers.

6. Increased Diversity in Workforce:

Workforce diversity is important because it allows people to work together more efficiently and share experiences to solve problems, make advance moves, and implement new strategies and techniques. A diverse workforce is more likely to understand your customers' needs and come up with ideas to fulfill them. Diversity in the workplace will also increase employee morale and instill a desire to be more effective and work more efficiently.

7. Women Entrepreneurship:

A study found that women make up one-third of all entrepreneurs worldwide. Despite the tiny number, the results are different. Women business owners typically contribute to rapid economic growth. They frequently encounter gender-based obstacles including marital status, cultural norms, inalienable laws, etc. However, they fight for who they want to be. This enhances the status of women in society and their sense of empowerment. The major disadvantage of female entrepreneurs is their entrepreneurial attitude; most of them choose compensated employment with regular hours and paid time off. Yet, the majority of them assert that is untrue due to flexible working hours, higher pay, and more comfort in the sphere of entrepreneurship, however it takes longer for the advantages to materialize. Lack of practical experience is another disadvantage; since there are fewer female entrepreneurs, it will be challenging for them to look up to and use one as an example. Despite this, a lot of organizations and sectors support women in pursuing their aspirations of starting their own businesses.

8. Leadership and Organization Development:

The capacity of a person to put strategies into action in order to achieve the aims and objectives of the organization is referred to as leadership. The capacity to delegate and oversee the duties of a group is the focus of management. For all businesses to fulfill their goals, leadership management is a critical talent. This is especially important in a crisis situation. A leader's direction would be desired by the staff in a certain area. Organizational development is the process through which a company adopts new tactics to boost its competitiveness. An organization's success depends in large part on organizational growth and leadership management. More attention would be paid to the implementation of new strategies across the whole organizational structure in organizational growth.

9. Startup Entrepreneurship:

A start-up is a freshly established company created to meet market demands. This has a very high proportion of danger. It mostly centers on original concepts, ideas, and the discovery of new goods and services. The crucial phase of a start-up is to commit the proper people to making the concept succeed. The success of the start-up is significantly influenced by the team's progress towards the primary idea and their ability to collaborate. The primary issue, referred to as financial assistance, follows. Many campus entrepreneurship programmes are available at institutions across the US alone. As a result, the US, which tops the global entrepreneurship index, has roughly 27 million people operating their own businesses. Nowadays, finding financial backing for a start-up is extremely simple thanks to the respected assistance of banks and other financial organizations. The successful launch of the product at the right time on the market is also crucial to the development of the new business. The scope of the business is expanded by validating the outcomes in order to draw in more funding through investments, revenue sharing, etc.

10. Financial Management:

The introduction of economic statements is the first stage in developing an economic control device. You should make a monthly strategy to produce economic statements in order to regulate proactively. A profits statement, a balance sheet, and a coins waft statement must be included in your economic statements. The monthly economic statements will be produced by a top automatic accounting software program package for you. If your accounting system is manual, you can still hire an internal or external bookkeeper to give you monthly financial statements. Coins should be used to carry out all of this, and it takes shrewd economic management to make sure that the budgets are used effectively.

11. Business, Growth and Competitiveness:

Being competitive in the global market does not inevitably increase productivity and reorganize an economy. For such advancement to occur, it is necessary to mobilize money, employment, technology, and knowledge. In order to benefit society as a whole, opportunities outside of the economic world must be effectively used. In order to promote competition, the Report lays forth precise policy directions and goals for the public and private sectors. It evaluates the advantages and disadvantages of every nation and suggests ways to boost production and expand access to productive resources for enterprises.

12.  Mobile Commerce:

One of the main factors supporting the growth of a business in current mobile environment is m-Commerce. Regardless of their size, ecommerce firms of all sizes find that mobile packages are an effective tool for marketing their brands to a much wider audience. Similar to how the internet and the growth of mobile technology facilitated virtual nomadism and increased globalization; they also cleared the way for more and improved mobile commerce. Marketers may now use deception to undercut their formidable rivals even from the comfort of their own homes. In reality, it is possible to assert that they were involved in doing so.

13. E-trade:

E-commerce, or electronic commerce, is a method of purchasing and advertising goods, services, or products online. E-trade is also known as net trade or digital trading. These services are offered online through a network of computers. E-trade includes transactions including money, funds, and information as well. These business transactions may be carried out in four different ways: business to business (B2B), business to customer (B2C), customer to business (C2B), and other (C2B).

14. Crypto Acceptance:

Crypto currency has progressed well beyond a trend for the short term. Bit coin and other crypto currency currencies are currently extremely well-liked as a result of how simple it is to trade and purchase them. More businesses than ever before are now accepting crypto currencies in their online shops. This offers a number of significant advantages, including the capacity to hold currencies that are not regulated by a public government or banking system and the ability to accept plutocrats from anywhere in the world.

• The opportunity to welcome more customers to one's online store are just a few of the advantages that might make crypto commemoratives quite alluring for e-commerce businesses.

15. Niche Request Service:

Meanwhile, a large number of businesses are focusing on providing services that are becoming increasingly specialized. These businesses are altering their brand identities, taglines, and product offerings to provide specialized, technological impacts for their target market. This is evident in restaurants that advertise that customers may order meals "their way." Having the ability to create a verified product or even just add a name or color might be quite beneficial. Customers desire unique goods that the majority of people will never be able to have. 

16. Enterprising Behavior:

"An entrepreneurial person is someone who stumbles onto a pile of scrap steel and discovers the creation of a superb sculpture. Keeping your eyes open and your mind working is being innovative. It requires being sufficiently competent, confident, inventive, and disciplined to seize opportunities that present themselves, regardless of the state of the economy. Being entrepreneurial involves more than just having the ability to generate income. Entrepreneurship also entails feeling good enough about yourself and having enough self-worth to want to look for opportunities and blessings that can help you change your future. And by doing so, your self-worth—your enterprising nature—will soar along with your confidence, courage, inventiveness, and other positive traits.

17.  Corporate and Strategic Entrepreneurship:

Corporate entrepreneurship gives a business the ability to establish new businesses through market trends, product and method advancements, and the strategic rejuvenation of existing activities. To operate the business, an entrepreneurial mindset may be absolutely essential. With this type of strategic entrepreneurship, the employer sets up several measures and broadens the path for the organization's present and long-term progress.

18.GlobalizedBusiness:
The truth is that globalism has already been a widely accepted trend for decades. But occasionally, we think it's only an option for bigger gatherings. Some people also believe that globalism is merely a preference for organizations that have been around for years or a few months. But, many marketers built their businesses from the ground up with globalism firmly ingrained in their own Blood. In actuality, 29% of startup employees work mostly abroad. At 45%, it plays a significant role for those in Silicon Valley. With remote work constantly evolving, especially as around 65% of employees may need to work remotely full-time after the pandemic, expanding abroad will become more doable for SMEs as well. This analysis will take a close look at how Western economies have fared in the globalization era. It will assemble a sizable body of financial information and combine financial analyses with real-world experiences to support the prevailing wisdom regarding unrestricted trade. Its main outcome is that the brief expansion of global trade during the three years before to the financial crisis significantly benefited Western economies and residents' housing needs. Globalization has been a great force for disseminating new technologies and giving workers in developed and developing nations new financial opportunities.

19. Entrepreneurial Learning and Communities of Practice:

Entrepreneurship education is still in its infancy. It is currently booming in its own manner to alter how people will learn about business in the future. The primary components of entrepreneurial learning are the mindset, abilities, and knowledge needed to translate original ideas into action. They can investigate in a creative way how entrepreneurial identity and competence are acquired throughout the academic stage of learning, which gives a conceptual framework for entrepreneurial learning and highlights the processes.

20. The Feature of Universities in Fostering Entrepreneurship:

 With a variety of courses, training, and development programmes, educational institutions play a key role in the development of entrepreneurial abilities. They may take the shape of short-term or long-term programmes, needing graduation or not, depending on how an individual approaches the situation. In the upcoming years, encouraging entrepreneurship is expected to be a hot topic. This is because new and start-up businesses are putting pressure on the organization's economic growth while working closely with colleges. Universities play a significant role in supporting their college students and developing them as entrepreneurs. This is a result of giving them the proper entrepreneurship training and ensuring their academic and professional growth.

21. Academic Entrepreneurship:

The majority of those aspiring academic entrepreneurs are scientists, university graduates, and students, among others. They frequently launch a firm after conducting research or other academic activities. They frequently translate the findings of their research into cash. The universities provide funding to these academic entrepreneurs for their creative work. Universities will become partners with the specific business after the successful completion of the business initiatives. An academic program in entrepreneurship is a blessing for academicians who desire to follow their entrepreneurial dreams. The end outcome of becoming an academic entrepreneur will be fantastic, despite the appearance that one is treading in two worlds.

In the recent times the entrepreneurship has emerged a lot of changes with the extreme specialization for the competitive edge. Now a days most of the entrepreneurs won’t purchase the raw materials from their own countries because to provide the best quality product to their customers. Competitive spirit among the business is thriving more as the customers are opting for the best quality products. Most of the startups are now doing their business in the other countries before dominating the home country markets.

Today’s entrepreneurs are crossing the borders for defensive, competitiveness. Like Tecsis and Inverness Medical need to broaden some of their business activities like manufacturing, talent acquisition, service delivery for their startups. It sounds obvious now, until few years ago, it is a standard procedure in US for venture capitalists to focus to the domestic markets.

After the digitalization of the marketing the compound annual boom rate (CARG) is 16.8% and is expected to be USD 78.6 billion by 2028. The global strategy consulted market grew from $134.14 billion in 2021 to $148.49 billion in 2022 at a compound annual rate of growth (CAGR) of ten.7%. The Russia-Ukraine war discontinuous the probabilities of world economic recovery from the COVID-19 pandemic, a minimum of within the short term. The war between these 2 countries has LED to economic sanctions on multiple countries, surge in artifact costs, and provide chain disruptions, affecting several markets across the world. The strategy consulted market is predicted to grow to $190.92 billion in 2026 at a CAGR of vi.5%.

 The employment rate is also decreased after the arrival of digitalization into the market. Communication is developed with the customers so that, the businesses are promoting their products digitally.

A provider of an Industrial Internet of Things (IIoT) platform, Acid-Base Indicator Automation, teamed up with Bean Town Consulting Cluster (BTCC) in January 2019 to offer collaborative IOT products. With this alliance with BCG, acid-base indicator Automation hopes to help its clients implement business 4.0 and obtain useful, long-term information from their resources to make better business decisions. Bean Town Consulting cluster (BCG) is a potential global service provider and expert in corporate strategy.

Marketing mix plays a major role in the entrepreneurship globally as it is mainly based on the 7P’s (product, price, place, promotion, people, process, physical evidence). It describes the vital set of strategies to understand the cause of their gathering.