#EntrepreneurshipSolidarity #SustainableBusiness #GlobalCollaboration #ReshapingTheWorld
October 20 is celebrated in India as National Solidarity Day – a day that holds great significance in honoring our armed forces and commemorating the Indo-China War of 1962. While this day is traditionally associated with military heroism, there’s another form of heroism emerging on the entrepreneurial front, exemplified by a changing perspective in the world of business.
This day serves as a poignant reminder of how unity & collaboration are key drivers of success, not just on the battlefield but also in the business world. While the age-old notion that “the business of business is business” still rings true, it’s increasingly being replaced by a more holistic understanding.
Today, businesses are being recognized not only for their ability to generate profit but also for their roles in promoting social and environmental well-being. The world faces significant challenges, such as pandemics, climate change, wealth inequalities, and data-driven disruptions. These challenges require businesses to take on a more significant role in finding solutions.
Solidarity – a guiding principle for businesses
Solidarity is becoming a guiding principle for businesses. Rather than solely pursuing profit, businesses are realizing that they have a responsibility to their employees, society, and the environment. They need to think beyond economic efficiency and the pursuit of shareholder value. Instead, they must focus on long-term sustainability and the well-being of their employees and society at large.
But the challenges of the 21st century are global, and they cannot be tackled on a regional or national level alone. They require a strengthened multilateral approach, involving civil societies, local entities, governments, and businesses.
This new multilateralism emphasizes international cooperation between various stakeholders. Businesses have a significant role to play in this, working alongside governments, local communities, and non-profit organizations to address global issues effectively. They must become agents of positive change, contributing to a more equitable and prosperous world.
The reimagining of business goes hand-in-hand with this new multilateralism. Businesses must be committed to addressing these global issues in partnership with civil societies, governments, and local entities. This solidarity within the business world holds the promise of transformative change, leading to sustainable success.
On National Solidarity Day, let’s remember that the spirit of solidarity extends beyond borders, beyond conflicts, and beyond traditional boundaries. It’s a force that can reshape not only the business landscape but the world as a whole. As we honor our heroes in uniform, let us also appreciate the entrepreneurial heroes who are contributing to the betterment of society, fostering unity, and spearheading sustainability.