Companies can significantly contribute to human development, improving the quality of life of people, especially in developing countries. Fighting poverty through innovative business models provides opportunities for sustainable growth. Inclusive business models are driven by the need to promote dignified humane existence by using market approaches to tackle socioeconomic challenges in a sustainable way (Likoko and Kini 2017). They are characterized by a profitable core business activity that is advantageous to low-income communities and increases opportunities for poor and disadvantaged people. Inclusive businesses – that can be experienced by both MNCs, SMEs, CBEs, Benefit Corporation, and B-Corp – aim to include social responsibility and sustainability in their core business, rather than philanthropy (Gradl and Knobloch 2010). Accordingly, they underpin a stewardship-based approach that calls for enhancing the long-term well-being of a company and its stakeholders by eliminating value destruction through resource depletion and unequal distribution of income and revenues. This can involve transforming value missed into value opportunities (Schaltegger et al. 2016) by repurposing for society and environment.
Inclusive Business
Del Baldo, Mara
2023
Abstract
Companies can significantly contribute to human development, improving the quality of life of people, especially in developing countries. Fighting poverty through innovative business models provides opportunities for sustainable growth. Inclusive business models are driven by the need to promote dignified humane existence by using market approaches to tackle socioeconomic challenges in a sustainable way (Likoko and Kini 2017). They are characterized by a profitable core business activity that is advantageous to low-income communities and increases opportunities for poor and disadvantaged people. Inclusive businesses – that can be experienced by both MNCs, SMEs, CBEs, Benefit Corporation, and B-Corp – aim to include social responsibility and sustainability in their core business, rather than philanthropy (Gradl and Knobloch 2010). Accordingly, they underpin a stewardship-based approach that calls for enhancing the long-term well-being of a company and its stakeholders by eliminating value destruction through resource depletion and unequal distribution of income and revenues. This can involve transforming value missed into value opportunities (Schaltegger et al. 2016) by repurposing for society and environment.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
