Inclusive business

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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]

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References

  1. http://www.g20.utoronto.ca/2015/G20-Inclusive-Business-Framework.pdf%5B%5D
  2. 1 2 3 Schoneveld, George C. (December 2020). "Sustainable business models for inclusive growth: Towards a conceptual foundation of inclusive business". Journal of Cleaner Production. 277: 124062. doi: 10.1016/j.jclepro.2020.124062 .
  3. https://www.nbs.net/s/NBS-SA_Main_Report-161128.pdf%5B%5D%5B%5D