Inclusive business

An inclusive business is a sustainable business that benefits low-income communities. It is a business initiative that, keeping its for-profit nature, contributes to poverty reduction through the inclusion of low income communities in its value chain. In simple words inclusive business is all about including the poor in the business process be it as producers or consumers.[1][2]

Inclusive businesses find profitable ways to engage the low-income segment into their business operations in a way that benefits the low-income communities and creates sustainable livelihoods. This can include directly employing low-income people, targeting development of suppliers and service providers from low-income communities and providing affordable goods and services targeted at low-income communities. Professor Ted London at the William Davidson Institute and Ross School of Business (University of Michigan) is a leading expert within the realm of inclusive business, specifically within the international emerging markets realm, and focuses his research and teaching on business strategies, tools and frameworks that can be used when engaging in business initiatives at the Base of the Pyramid.[3]


See also

References

  1. ↑ "How Mark Zuckerberg Can Resolve The Inclusive Innovator's Dilemma". The Huffington Post. 2016-05-16. Retrieved 2016-05-31.
  2. ↑ Eco-Business. "Inclusive growth needs inclusive business". Eco-Business. Retrieved 2016-05-31.
  3. ↑ Base of the Pyramid Promise
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