Profitable Corporate Strategies for Inclusive Growth
New year – new ideas…today’s blog addresses corporate profit-generating change to address poverty and inequality. The author discusses four inclusive-growth design principles that replace the conventional corporate social responsibility programs with profitable multi-sector strategies. These strategies are 1) undertake profit-generating projects, while also creating socioeconomic gains for all other actors in the ecosystem; 2) partner with a catalyst organization; 3) obtain seed and scale-up financing; and 4) build out the ecosystem relationships…catalytic partners can step away when the project gains a foothold and becomes commercially viable.