Empowering Entrepreneurs: RUEA Wraps Up Two-Month Capacity-Building Program

From June 25 to August 15, the Republican Union of Employers of Armenia (RUEA) implemented a Capacity Building Program for its members. The initiative aimed to enhance the business management skills of RUEA member organizations, improve financial literacy, and develop competencies in applying Artificial Intelligence (AI) tools in business processes.



 

The program was carried out with the support of the International Labour Organization (ILO), within the framework of the initiative “Building the Capacity of Constituents to Pre-empt the Informalisation of Work and Promote the Transition to Formality in the Context of a Refugee Crisis".

Over the course of two months, 16 training sessions were conducted by the following leading experts:

• Shavarsh Karapetyan, RUEA Board Member, Co-Founder of Karapp LLC and AI Academy
• Soghomon Mirzoyan, RUEA Board Member, President of “Armenian Association of Financiers” NGO
• Vahagn Dilbaryan, Author of bestsellers “100 Business Secrets” and “101 Business Secrets”, Co-Founder of AI Academy
• Samvel Gevorgyan, Business management consultant, business expert, Founding Director of BSC Business Support Center, and Founder of several businesses
• Nune Varosyan, HR Specialist, Expert at BSC Business Support Center
• Julia Vardanyan, HR Management Specialist, Expert at BSC Business Support Center

The training program covered three main components:

1. Hard Skills Development

• Human resource management and workforce planning
• Digital skills and data analytics in business
• Financial literacy and risk management
• Expanding professional networks and partnerships
• Ensuring occupational safety and health

2. Soft Skills Development

• Strategic planning and leadership
• Effective communication and negotiation
• Change management and decision-making
• Managing cultural diversity
• Emotional intelligence and management
• Teamwork organization and time management

3. AI Integration in Business Processes

• AI fundamentals and applications in business
• Selection and implementation of technical tools
• Practical AI solutions for enhancing competitiveness
• AI industry-specific applications
• Strategic leadership in the AI era

As a result of this two-month educational program, representatives of 30 RUEA member organizations enriched their entrepreneurial knowledge and acquired new practical skills that will contribute to more effective organizational management, strengthening competitive positions, and integrating digital and innovative solutions into business development processes.

Within the training program, participants strengthened their knowledge of strategic planning and change management, developed communication and negotiation skills, and improved practical competencies in organizing teamwork effectively. They also studied tools for time management, goal-setting, and prioritization, as well as the role of emotional intelligence and the impact of cultural diversity in the business environment.

In addition, participants acquired knowledge in financial literacy, examining risk mitigation tools, mechanisms for evaluating investment initiatives, and practical approaches to financial planning aimed at sustainable development.

The exclusive module dedicated to Artificial Intelligence provided participants with innovative solutions in social media management and content marketing, designed to enhance brand visibility and competitiveness.

We extend our sincere gratitude to the training program’s speakers for their high level of professionalism, their willingness to share their rich expertise with the participants, and for applying modern approaches.

Remaining faithful to its mission, the Republican Union of Employers of Armenia will consistently continue its efforts to strengthen the capacities of its member organizations, aiming to improve the practical and managerial skills of entrepreneurs in support of sustainable business development and the promotion of economic progress.

The Republican Union of Employers of Armenia remains committed to empowering its members, equipping entrepreneurs with the skills they need to achieve sustainable growth and contribute to the economic progress.