Lebanon continues to plunge into one of the world’s worst economic crises since the mid-1800s (World Bank, 2021). The collapse of the economy has pushed the majority of the population into poverty, whose money has plummeted in value as the cost of nearly everything has skyrocketed. Annual inflation reached 206% in April 2022 (The National News, 2022), while real GDP is estimated to have
On September 12, 2022, in the Hilton Beirut Habtoor Grand, Sin El Fil, RDCL hosted a round table and discussion supported by USAID’s Trade and Investment Facilitation (TIF) project under the theme “Bridging the Gaps: Lebanon’s Healthcare System and Social Safety Net.” The event was the first of many that would be held in the coming months as a result of the RDCL’s partnership
The Lebanon enterprise development project LED or LEAD was a five-year activity development that began in October 2017, funded by the United States Agency for International Development (USAID), and implemented by Chemonix International in partnership with two local organizations Berytech and the Business Incubation Association of Tripoli (BIAT). LED has offered customized support to local businesses from more than 30 sectors to help them
Specialization. Scarcity. Rivalry. Humanity. Companies that understand—and harness—these forces will have an edge in creating vibrant workforces capable of achieving sustained, positive outcomes. If you lead, manage, or plan a workforce, you’re familiar with disruption—and have seen a lot of it lately, including geopolitical and social crises and the biggest public health emergency in living memory. And you’ve spent time and energy on everything
Do you ever wonder why some companies are successful and perform better than others? Or why some are hard to beat and others are not? Well, if a company wants to stay competitive in the industry, it must create and execute a strategy that is good and sound. For example, companies like Amazon have been successful for years because their strategy is tightly tied
Change is harder to implement than ever, but a new analysis highlights why some companies still manage to outperform the competition. Large-scale transformation is hard even under ideal circumstances, but in the current business environment—with an ongoing pandemic, supply chain issues, macroeconomic uncertainty, and other complicating factors—the margin of error has gotten even smaller. Now, data is available to quantify the challenge. The latest
Without a strategy, all your Marketing and Sales activities and tactics might be for nothing. After all, if they don’t all work in concert to drive pipeline and customer acquisition, what’s the point? Savvy companies realize that a Sales and Marketing strategy is the next most important one after the overall business plan. It outlines how Sales and Marketing will orchestrate their efforts to
We’re always hearing talk of digitalization. If you don’t possess digital skills in this new economy, you’re told that you’ll be left behind. It’s one of those corporate buzzwords where you feel you should know more about it, but haven’t got around to it. The reason may be due to the complexity and enormous undertaking required with the reshaping of the corporate landscape. Digitalization,
The COVID-19 crisis has been a wake-up call for supply chain managers. For years, companies have focused on eliminating redundancy in sourcing to reduce fixed costs and promote efficiency. Greater efficiency, however, came at the expense of diminished flexibility and effectiveness—a tradeoff the pandemic-induced supply chain disruptions have made painfully clear. Now, leading companies are seeking to avoid that tradeoff, using innovative capabilities such as risk-focused
The United Nations Economic and Social Commission for Western Asia (ESCWA) has launched the e-commerce Acceleration Program (eCAP), with the support of the ICC-ESCWA, Centre of Entrepreneurship (CoE), and the International Trade Centre. This program aims to facilitate the growth of the digital economy, help SMEs transition into online selling and stimulate a dynamic entrepreneurial environment across the Arab region by: Providing business and