Inclusive Growth: Profitable Strategies for Tackling Poverty and Inequality A road map for creating shared value

Inclusive Growth: Profitable Strategies for Tackling Poverty and Inequality A road map for creating shared value

Author: 
Kaplan, Robert S
Publisher: 
Harvard Business School Press
Date published: 
2018
Record type: 
Responsibility: 
Serafeim, George, jt . author
Tugendhat, Eduardo, jt. author
Journal Title: 
Harvard Business Review
Source: 
Harvard Business Review, Vol. 96, No. 1, January-February 2018, pp. 126
Abstract: 

More than a billion people in the developing world remain in extreme poverty and outside the formal economy. Traditional CSR programs have done little to alleviate the situation and rarely produce transformative change. Instead of trying to fix local problems, the authors argue, corporations need to reimagine the regional ecosystems in which they participate. They should search for systemic, multisector opportunities; mobilize complementary partners; and obtain seed and scale-up financing from organizations with a mission to alleviate poverty. They should also align the various stakeholders around the new strategy, using proven tools such as a co-created strategy map. These principles are informed by the authors' experience with several successful inclusive-growth projects. An initiative in Uganda is bringing small maize farmers into the mainstream regional economy, while a training program in El Salvador is giving unemployed youths the skills to work in the country's growing service sector.

Language: 
Date created: 
Wednesday, February 7, 2018