Saturday, October 1, 2022

“A Difficult Job”: George Fontavecchia’s Speech to Businessmen at the Fortuna Awards

Jorge Fontavecchia, CEO of Parfill Network and Co-Founder of Editorial Parfillgave the concluding speech of seventeenth edition At the 2022 Fortune Awards, the Traditional Competition That Separates The best and biggest companies in the country.

There, the journalist talked about how the country’s annual recognition of businessmen originated in 2005, in the “anti-business” context prevalent in Argentina at the time.

“While all the media supported the government or pretended to be distracted, Parfil thought he should keep his communicative ability in support of businessmen with a motto: “Without Entrepreneurs There Is No Employment”“, They told.

In Prince Machiavelli required two qualities from the statesman: will and luck. For Knight, the success of an entrepreneur depends on three qualities: ability, effort, and luck. a difficult task. “I appreciate all those who dedicate this,” said Fontavecchia at the start of the event at the Buenos Aires Stock Exchange.

George Fontavecchia’s Full Speech at the Fortuna Awards

“In 2005 the country began to recover financially from 2002, when the world’s largest debt default and the largest crisis in Argentina’s history united.

“Nestor Kirchner, who came second in 2003 and Menem did not allow him to win in a ballot, won his first national election in 2005 and displaced Duhalde, thus becoming the lord and master of Peronism. was beginning to show the flaws that later negatively characterized Kirchnerism.

“He attacked businessmen, taking as a key figure Alfredo Cotto, who was supposed to preside over the IDEA meeting in Mar del Plata in November of that year, to say that inflation would be around 12% in 2006, months later. Roberto Lavagna had to resign after friends condemned capitalism that were being tried in court today, at the same time, Nestor Kirchner disarmed the state’s control and audit mechanisms, institutionalizing the country. .

“In this anti-business context, when all the media supported the government or pretended to be distracted, Perfil considered that he should hone his communication skills in support of businessmen, with a motto: “Without businessmen, There is no job. Where the first Fortune Awards were then held in the halls of the Hilton Hotel.

“Let’s review what it is like to be an entrepreneur.

“The entrepreneur was already defined as a social actor in the eighteenth century, one who “assumes the risk posed by uncertainty which means buying at certain prices and selling at uncertain prices”. Jean Baptiste at the time Say, the so-called law where supply determines demand, established “the importance of the entrepreneur as an engine of action in the economy”.

“Frank Knight wrote in 1921 that starting any business involves a “spontaneous decision”. “Risk, Uncertainty and Gain”Knight argued that “the entrepreneur is the only productive factor, which makes a clear distinction between risk and uncertainty and through them interprets the profit he perceives”.

In 1957, Joseph Schumpeter, the economist of innovation and creative destruction, argued that “the task of the entrepreneur is to improve or revolutionize the production system, exploit an invention, or, in a more general way, an untapped technological possibility for production.” To reorganize an industry a new source of supply of raw materials or a new item or old item by a new method to open a new outlet for products.

“Over the years, the central role of the entrepreneur in economic activity has been defined with different indicators, but always with the same meaning: risk taker, opportunity taker, productive ingenuity agent, uncertainty avoider, coordinator, intermediary. , innovator…

“In 2019, the “Pime Observatory” Foundation produced a study comparing business density in Australia, where there are 88 companies per thousand inhabitants, with Argentina, where we have 14 companies per thousand inhabitants. GDP per capita What is reflected in: That same year according to the World Bank, Australia was measured at US$51,812 and ours at US$22,063.

“If the entrepreneur is a risk absorber, then a country like Argentina, which two weeks ago approached the risk points of three thousand countries, needs more entrepreneurs

“Going back to Frank Knight, he makes his famous distinction between ‘risk’ and ‘uncertainty.’ For Knight, ‘risk’ is randomness with known probabilities while ‘uncertainty’ is randomness with unknown doubt.

In Prince Machiavelli required two qualities from the statesman: will and luck. For Knight, the success of an entrepreneur depends on three qualities: ability, effort, and luck.

“A difficult task.

“My recognition to all who dedicate themselves to him.”

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