Transforming Mainstream Businesses into Inclusive Businesses
Inclusive Businesses are deliberately designed to achieve positive systemic solutions for the relevant income or living standards problems of the poor and low-income people (the BoP) . They create triple wins for the poor, for the businesses bottom lines and for society/the economy.
Both IB and IGB strive to be commercially viable and profitable. However, mainstream business do not have the a deliberate result focus on solutions for the BoP. Their main focus is on business return. While they may have products and services that also benefit the BoP they are not designed to maximize those benefits for this income group.
Sometimes, mainstream businesses (MB) and also IB) finance corporate social responsibility (CSR) activities benefitting the BoP or the environment. Such CSR is typically small, financially not sustainable, not part of the core business line, and – while benefitting some few people – often not systemic to address poverty or environmental issues relevant for society.
The objectives of the IB/IGB initiative is to help transforming MB into business more purposeful for the BoP and the environment. IB/IGB are therefore the private sector’s contribution to achieve poverty reduction and transformative economic growth in Ghana.
