The Different Aspects of Inclusive Business Models

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Inclusive Business Models Introduction In order to operate in an unpredictable business environment and beat the competitors in an effective and tactful way, business organizations need to formulate and implement distinctive strategies from time to time (Bamford & Forrester, 2010). These strategies not only enable them to get the full advantage from their core competencies, but also help them in ensuring a sustainable operative and management future in the industry (Boyer & Verma, 2009). Inclusive business model is one of the most effective strategies used by large business organizations around the Globe (Hitt, Ireland, & Hoskisson, 2011). This model helps the organizations to target a larger group of the community as its customers, supply chain members, and workforce. This paper analyzes the different aspects of Inclusive Business Models and describes them in the light of internationally accepted business management theories and concepts. The paper starts with an ample introduction to the Inclusive business model concept and then explains it for all the key participants that may become a part of this model in different situations and strategies. Organizations may include the low income people in their customer base (as potential customers), workforce (as employees in the sales force), supply chain (suppliers), and distribution channel (distributors) (Boyer & Verma, 2009). Inclusive Business Models Definition: Inclusive business model refers to the ways and

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