Summing Up Kyiv International Economic Forum

#News
November 15, 2019 2 min read

Kyiv International Economic Forum (KIEF) is over, and we are ready to share the results of Innovecs’ participation and our impressions.

KIEF is an international platform that brings together people who are eager to make changes. It is aimed at discussing global business, economic, and entrepreneurship opportunities and trends, and their connection to societal matters.

This year, KIEF has gathered over 2000 attendees and 100+ speakers from more than 30 countries.

We were happy to take part in KIEF and be present among people and companies that change the Ukrainian business and economic landscape.

alex lutskyi kief

For 8 years on the market, Innovecs has reached much including the development of the best management practices, creation of innovations, understating of internal operational and employee-oriented mistakes and ways to solve them.

kief ukraine

At the forum, we have talked about the challenges of tomorrow and the skills needed to meet them. We understand that the future of Ukraine depends on people and companies who are open to consistent innovations and think globally. We want to be part of the future and impact it positively.

 

It was a pleasure to be among speakers of the Kyiv International Economic Forum, an international platform aimed at shaping the economic future of Ukraine. We discussed a critical issue of building the business and shared the experience of running it effectively. Together with other speakers, we answered many essential questions regarding the business in Ukraine.
Alex Lutskiy,
Founder and CEO of Innovecs

Key Points of KIEF 2019

Now, we are ready to share some insights and key points discussed at the forum this year:

  • Trade wars and their impact on the Ukrainian economy. Various fluctuations always happen in the international economy and the impact of trade wars is not a determinative factor.
  • The new economic crisis is round the corner. Experts think that the future economic crisis will greatly influence Ukraine. The decline in sales can be the key indicator of this crisis.
  • Investments are needed to stand the crisis. To avoid a crisis or reduce its negative impact and be able to gain economic growth, the country needs to involve more long-term investments.
  • Climatic variations affect business operations. The changes in climate can be a critical factor in shaping business processes. These changes force companies to implement green technologies that are becoming the drivers of global economic growth.
  • Global standing is a new currency. Reputation in the modern world is becoming a new currency, a self-sufficient economic factor that contributes to the country’s success and the success of business structures on the global level.
  • The young generation will change the world. It is important to invest in crazy smart young people, their startups and small businesses. This is the future of Ukraine and its economy.
Help young people. Help small guys. Because small guys will be big. Young people will have the seeds you bury in their minds, and when they grow up, they will change the world.
Jack Ma,
Co-founder and former executive chairman of Alibaba Group

Bottom Line

KIEF 2019, that has been taking place in Ukraine since 2014, has covered the biggest number of attendees and become the biggest event throughout its existence.
This forum remains a debating platform for developing new business strategies aimed at enhancing the Ukrainian economy. The hosts of the event forecast the next forum will be even bigger and will cover more geographies.

You may also like:
January 14, 2021
Anastasia Osypova talks on the Employee Journey at Innovecs: from adaptation and motivation to professional development
Modern IT specialists are dynamic and active: they do not play the cards they’ve been dealt — they have goals, keep up with the progress, and are eager to learn new things and develop. This is why it is critical to understand their preferences and endeavors before providing a job offer to be able to motivate the employees in a long-term perspective and encourage productive collaboration. Anastasia Osypova, Head of People, Engagement & Culture at Innovecs, shares how our company motivates employees and helps newcomers adapt. Nastia, what are the responsibilities of the People, Engagement & Culture department at Innovecs? Our department focuses on the end-to-end Employee Journey in the company. Our goal is to retain talents at Innovecs and help them develop professionally. HR partners are always in contact with all employees which helps react quickly to the changes taking place in teams or processes. They also:integrate new employees in the corporate culture while minimizing the stress that can occur during the adaptation time act as change agents when it comes to implementing new processes or reorganizing the current ones help solve conflict situations determine potential areas of risks for business work closely with managers by building and implementing development and motivation programs in their teamsWhat makes Innovecs an ideal workplace? “Be sexy” was our 2020’ motto. We keep creating all opportunities possible to make the company an ideal place for our employees and potential candidates. For example, we regularly hold various workshops, training courses, and webinars on the basis of InnoCamp, our educational platform. We invite famous speakers as well as encourage Innovecs people to participate and share knowledge. WOW-program is another crowd-puller. It includes wow food, wow sport, wow mind, wow fun, and wow health directions. The goal is to care about the health and well-being of each and every at Innovecs. How do you maintain working relationships between employees and managers? This is a never-ending process. We do not have a multi-level hierarchy like the companies with a linear management model do, so communication at Innovecs is always transparent and unconstrained. It is important to synchronize the expectations of the team leaders and their team members. This is why we pay great attention to setting the right goals for employees as well as focus on the feedback culture. Managers hold regular stand-ups, daily meetings, retrospectives to analyze their work results, get feedback from colleagues and teammates. For employees to feel confident and at ease when communicating with managers, we are creating a favorable psychological climate within the teams. HR partners, in response, always keep their eyes on the ball, hold 1:1 meetings with managers and employees. In case they define any communication gaps, they create recommendations and the scenario to solve the problem. How does the company help employees to prevent burnout? According to the emotional burnout model by Matthias Burisch, one of its factors is over-performance (when a person gets engaged in the work more than necessary). To prevent the negative effect, the life-work balance principles must be followed. At Innovecs, we have a flexible working schedule as well as the possibility to work remotely from home. This allows our employees to spend more time with their families and do things they love. Soft skills development is another approach we have in place. This covers time management, communication, creativity, problem-solving, emotional intellect, etc. How do Innovecsers enjoy their life in the company? We have a gym in the office that operates 24/7. People can visit it anytime they want. We have fitness and box coaches, table tennis and football, gaming and VR rooms. All these help relax and refresh minds. SPA-zone with the best massage therapists is the cherry on top. Just make an appointment and relax at the end of the working day or in between the tasks.
Article
LET’S TALK