An inclusive business is a self-sustainable business entity that productively integrates
low-income populations into its value chain. 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.
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'.
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By emphasizing productive integration, inclusive businesses are distinguishable from social businesses developing goods and services specifically for low income populations.][https://www.nbs.net/s/NBS-SA_Main_Report-161128.pdf]
See also
* Inclusive growth Inclusive growth is economic growth that raises standards of livings for broad swaths of a population. Proponents for inclusive growth warn that inequitable growth may have adverse political outcomes.
The definition of inclusive growth implies dire ...
* Social entrepreneurship
Social entrepreneurship is an approach by individuals, groups, start-up companies or entrepreneurs, in which they develop, fund and implement solutions to social, cultural, or environmental issues. This concept may be applied to a wide range of ...
* Triple bottom line
The triple bottom line (or otherwise noted as TBL or 3BL) is an accounting framework with three parts: social, environmental (or ecological) and economic. Some organizations have adopted the TBL framework to evaluate their performance in a broader ...
* Bottom of the pyramid
The bottom of the pyramid, bottom of the wealth pyramid or the bottom of the income pyramid is the largest, but poorest socio-economic group. In global terms, this is the 2.7 billion people who live on less than $2.50 a day.
Management schol ...
References
{{DEFAULTSORT:Inclusive Business
Economic development
Human resource management
International environmental organizations
Sustainable business