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In 2008, the term was first officially introduced in an UNDP-commissioned report titled “Creating value for all: strategies for doing business with the poor”. The report emphasized on business which are both commercially sustainable and engaged the poor in it’s core operations. Through inclusive business, an entrepreneur can either serve the poor as customers or can include the poor as producers, employees and business owners.
Therefore, they have two distinct characteristics-
Inclusive business can range from agriculture to housing to utility service.
Inclusive business integrates the BOP population as part of the value chain of companies´ core business as suppliers, distributors, retailers, or customers. Some successful inclusive businesses around the world include-
In Bangladesh, Jita and Pabna Meat are two key examples of Inclusive businesses.
Some of the common frameworks for assessing impacts of Inclusive businesses include:
Inclusive business should promote sustainable development in all its dimensions – economic, social and environmental.
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