- Inclusive business
An inclusive business is a sustainable
business that benefitslow-income communities.Large corporations traditionally target consumers in the middle and high-income segments of society, and established suppliers and service providers from the formal economyFact|date=August 2007. 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.
Inclusive businesses may engage low-income communities through, among other things, directly employing low-income people; targeting development of suppliers and service providers from low-income communities; or providing affordable goods and services targeted at low-income communities.
Inclusive business is not corporate
philanthropy , which has inherent limitations of scope and budget. Rather, it is the search for sustainablebusiness models that "do well by doing good" and have the potential to become part of the mainstream business model within the companies concerned - the key to business having development impact at scale.As employees and suppliers, the low-income segments gain access to the formal economy; including provision of training, access to finance and income. As consumers, low income customers can benefit from products and services that meet their needs in an affordable way. If business does both, it opens up the
virtuous cycle of business in development.Fact|date=August 2007References
* [http://www.inclusivebusiness.org Inclusive Business website]
* [http://www.inclusivebusiness.org/2008/03/new-alliance-br.html Inclusive Business brochure of the WBCSD-SNV Alliance]
* [http://www.inclusivebusiness.org/2008/04/wbcsd-snv-allia.html Video on "Inclusive Business - profitable business for successful development"]
* [http://www.wbcsd.org/includes/getTarget.asp?type=DocDet&id=MjU1MTM Promoting Small and Medium Enterprises for Sustainable Development - published by WBCSD in collaboration with SNV]
* [http://www.wbcsd.org/web/doingbiz.htm Doing Business with the World – The New Role of Corporate Leadership in Global Development]
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