Inclusive business explained

An inclusive business is a self-sustainable business entity that productively integrates low-income populations into its value chain.[1] By prioritizing value creation over value capture and adopting principles of non-discrimination, inclusive businesses create new economic opportunities for low-income populations but do not necessarily pursue profit maximization objectives.[2] By means of an inclusive business model, inclusive businesses engage, support and create demonstrable value for low income producers, suppliers, retailers and/or service providers and actively avoid destroying value 'along the path to value creation'.[2]

By emphasizing productive integration, inclusive businesses are distinguishable from social businesses developing goods and services specifically for low income populations.[2] [3]

See also

References

  1. http://www.g20.utoronto.ca/2015/G20-Inclusive-Business-Framework.pdf{{full|date=March 2021}}
  2. Schoneveld . George C. . Sustainable business models for inclusive growth: Towards a conceptual foundation of inclusive business . Journal of Cleaner Production . December 2020 . 277 . 124062 . 10.1016/j.jclepro.2020.124062 . free .
  3. https://www.nbs.net/s/NBS-SA_Main_Report-161128.pdf{{full|date=March 2021}}