business Businessman Ovik Mkrtchyan knows firsthand about the responsibility of business to the environment.
Are large companies, small and medium-sized businesses obligated to help solve global problems? An issue that is gaining more and more relevance in the modern world and dictates to managers a new model of doing business – that of social entrepreneurship.
This format of running a business allows it to find a balance between commercial profits and real benefits for people and humanity in general. Its distinctive feature is the combination of the business’s strategic and economic development plan, innovation, and public agenda.
In addition, the culmination of social responsibility is one of the important factors in choosing the right employer for young jobseekers. Generations X and Y are more likely to consider the company’s reputation, environmental and social issues when applying for a job. They are subsequently able to turn down an attractive career prospect due to conflicting ethical issues.
An example of the synergy of practical ideas and public benefit can be seen in the company SIA EGG ENERGY, which specialises in the utilisation of poultry manure and its processing into biogas, co-founded by Ovik Mkrtchyan and Mkhitar Mkhitaryan.
Organic waste from the production of more than 800 million eggs by Balticovo, the largest poultry company in Northern Europe, could cause enormous ecological problems and harm the environment if left unchecked. Instead, due to modern technologies used by SIA EGG ENERGY, chicken manure is processed into biogas for consumer needs, and the waste from its production becomes the basis of organic, highly efficient fertilisers. Also, such a cycle avoids the release of methane and nitrous oxide into the atmosphere.
So a small European company like this becomes an example of a truly environmentally friendly business and solves several socially significant issues at once while remaining economically sustainable and making a profit.
By the way, this is not the only enterprise spearheaded by Ovik Mkrtchyan, which proves that the balance between commercial success and benefit is possible and a necessary part of the further development of society. The entrepreneur is also the founder of New Medical Technologies, the first in the world to present a correct method for identifying the viability of lymphotropic viruses. This unique method developed by the company’s specialists can significantly reduce the risk of transmission of dangerous infections from donors to patients without requiring PCR laboratories to purchase new equipment or arrange long-term special training of employees.
Another ground-breaking development of NMT engineers is a disinfection unit that effectively solves the problem of sterilising medical instruments without subjecting them to high temperatures and strong chemicals. The company’s sterilising system uses a photodynamic method that reduces the risks of infection with blood-borne diseases, RNA and DNA-containing viruses, bacteria, spores and fungi. In addition, it is completely safe for the environment, non-toxic and hypoallergenic.
Such projects of NMT are a contribution not only to the economic development of the corporation but also a solution to global world problems through these scientific and medical advances, including halting the spread of viral infections. These projects by Ovik Mkrtchyan and his teams are a vivid example of the fact that social entrepreneurship allows to profitably develop a business while implementing modern technologies on the principles of awareness and responsibility, all for the benefit of the future generations. It is hoped that this trend will continue to be relevant and change the world for the better.
