An inclusive business is a self-sustainable business entity that productively integrates low-income populations into its value chain.[1] By prioritising 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 maximisation 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 emphasising productive integration, inclusive businesses are distinguishable from social businesses developing goods and services specifically for low income populations.[2][3]
See also
editReferences
edit- ↑ http://www.g20.utoronto.ca/2015/G20-Inclusive-Business-Framework.pdf[full citation needed]
- 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.
- ↑ https://www.nbs.net/s/NBS-SA_Main_Report-161128.pdf[permanent dead link][full citation needed]