Inclusive business
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[edit]
References[edit]
- ^ http://www.g20.utoronto.ca/2015/G20-Inclusive-Business-Framework.pdf[full citation needed]
- ^ a b c 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.
- ^ https://www.nbs.net/s/NBS-SA_Main_Report-161128.pdf[full citation needed]