FAQ- Frequently Asked Questions
Why the name eNotus?
Notus is Latin, meaning to know or have knowledge. In choosing this name we thought about how e-commerce and e-business was changing business, government and society. With greater access to information and knowledge and the efficiencies and speed of digital communications, we felt eNotus was the right name for a corporation operating in the information society.
What kind of organization is eNotus International?
eNotus International is a think tank that goes beyond thinking & making policy statements. It is a catalyst for bringing together thought leadership, from the public & private sector to undertake initiatives in the areas of economic & trade development.
How does eNotus International do this?
The focus of eNotus International is on projects that it has initiated, or worthwhile global undertakings that will make positive impacts on economic and private sector development. It does this by arranging the research, cultivating the thought leaders and assisting to structure the organizations & funding to carry out the project.
Does this mean eNotus International is a consultancy working in areas that span the public/private sectors?
Although eNotus International does carry out some consultancy work under its own name, it acts more like an investment bank for ideas by arranging the players that will champion the idea and bring it to fruition. Sometimes this may be with major global institutions.
How do the projects that eNotus International conducts impact on a nation's economic development?
eNotus International always concentrates on projects that have a key focus area such as job creation. Projects may be concerned with economic development but are usually also about attracting investment or generating trade and in most cases they provide a compass for the government’s economic development process.
How important is the private sector in these initiative?
The private sector is very important as major corporations worldwide and even smaller business look to new markets for their human capital and labor. Human capital has been shifting at an ever-increasing rate to the developing world, and business has to understand the risks and opportunities that this presents. They need to know about workers, skills, available technology and management in order to make sound investment and expansion decisions. The private sector and governments have to work together to create sustained economic development and in most cases the financial capital is from the private sector so one cannot talk about economic development without the private sector.
Don't the governments in the developing countries you're talking about have programs of their own?
Yes, they do. But usually they are under resourced in financial & human capital. In some countries the list of priorities is extensive, so the work we do helps a government to understand what sectors/industries they should cultivate and where they need to nurture the knowledge and skill base to become effective, as well as competitive. eNotus International can improve the potential for attracting investment, generating more trade and at the same time help the government to focus on the areas where it must improve its human capacity. Business must play a greater role in the transfer of not only research and technical skills, but knowledge of the business and management process. Good management, education and training will be required to make a real contribution to the big issues that face many citizens in the developing world. In this sense, governments need to embrace in the broadest way not just lessons from big business but the vast pool of knowledge and experience that entrepreneurs and small business have to offer from worldwide sources. eNotus in a small way contribute to bringing a new lens to look at problems and solutions for economic development in areas such as investment, trade and knowledge capacity building.
So eNotus is thinking of education and development activities that affect economic performance?
Yes, eNotus International has been researching and proposing projects for more than a decade that are of benefit to society by challenging conventional ideas about the role of business and how commerce drives wealth creation. This has led to participation in the World Summit on the Information Society (WSIS) various OECD conferences and economic development issues involving equality and trust.