Inclusive Business - Areas For Inclusivity

Areas For Inclusivity

There are 4 broad areas where the principles of inclusive business can be incorporated.

• Supply chain — Big corporate have realized that associating themselves with small suppliers have enabled their supply chains to be more flexible and stable and at the same time be of reduced costs.

• Employment — Employing the local people in the areas of business will firstly ensure a market for the product. Also local employees will have a better idea of the kind of products that might appeal to the market and can also provide essential local knowledge.

• Product/service — Another way of looking at inclusivity in business is by producing goods or rendering services to the poor. Even though earlier it was considered that producing for the poor is ultimately a mere wastage of resources now the poor are target customers for many business corporate.

• Distribution channels — Poor localities have poor public infrastructure. Therefore it is essential that there is some amount of flexibility and reliability in its operations. This will be ensured to a certain extent with inclusion.