International Conference on Business and Economic Development (ICBED)-2012

The world of business is undergoing a time of considerable stress, change and in some sectors unprecedented growth. Much of the conventional Wisdom concerning business education and theory is being challenged and thus it is all the more important to endeavour to elucidate what is taking place. Economic certainties look incresengly vulnerable and existing formulas appear jaded and in some cases moribund. Where once academics were fixated with global brands and multi-nationals increasingly they are changing their areas of focus and examining the important part played by SMEs. Governments from Armenia to Somaliland are keen to find ways to stimulate business and thus create local employment. Regrettably the global economic crises is increasingly used as an excuse for poor performance at all levels thus limiting the search for routes out of it. It should not be seen as a destroyer but as a purifier, ensuring the survival and prosperity of the fittest. The business environment has changed