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An inclusive business model is a type of business model that seeks to create value for low-income communities by integrating them into a company's value chain on the demand side as clients and consumers, and/or on the supply side as producers, entrepreneurs or employees in a sustainable way.
One 2020 estimate placed the size of the global diversity and inclusion market at $7.5 billion, of which $3.4 billion was in the United States, projecting it to reach $17.2 billion by 2027. [39] In 2021, Joe Biden signed several executive orders concerning DEI, including Executive Order 13985 and Executive Order 14035. [35]
Inclusive excellence is a strategic framework employed in a variety of organizational settings, including academic institutions, corporate entities, non-profit organizations, and honor societies, to advance diversity, equity, and inclusion (DEI). Originating in the educational sector, this concept emphasizes the integration of diversity into ...
Inclusive entrepreneurship can be applied to self-employment, starting or growing micro or small enterprises and to social enterprise using business based approaches driven by social mission. Indeed, the personal qualities required for entrepreneurship are essential for success in the knowledge economy – whether this be in the private or ...
The researchers propose that shared value may have added to the wider discourse that views the private sector as key for development and profitable business models as consistent with enhancing social impact but make clear that they do not mean that shared value directly influenced the more established interest in inclusive business, with few of ...
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]
Inclusive design is a design process in which a product, service, or environment is designed to be usable for as many people as possible, particularly groups who are traditionally excluded from being able to use an interface or navigate an environment.
Diversity, in a business context, is hiring and promoting employees from a variety of different backgrounds and identities.Those characteristics may include various legally protected groups, such as people of different religions or races, or backgrounds that are not legally protected, such as people from different social classes or educational levels.