Inclusive business

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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]

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  1. ^[full citation needed]
  2. ^ 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.
  3. ^[full citation needed]