Inclusive Business & Private Sector Development
GlobalCAD understands inclusive business as an economic activity that benefits low-income communities, taking into account the economic, environmental and social dimensions of the business model.
Inclusive business models engage people residing at the base of the economic pyramid (BoP) to create economic opportunities and improve living standards for all stakeholders concerned.
Despite relevant players in this field having invested considerable effort into creating such models, relatively few have gained significant scale so far.
SMEs are an excellent driver for economic development and wealth distribution; their flexibility and capacity to innovate, offer significant potential for contributing with lasting solutions to the key challenges of development.
Nevertheless, SMEs face many limitations due to their size and lack of management expertise. Amongst the main drawbacks are: restricted access to funds, limited human resources (often lacking in specialized training), low penetration of international markets and inexperienced when exporting, and poor productivity and capacity to manage.
GlobalCAD is committed to promoting innovation as a transformational element of inclusive business models and private sector development. The purpose of doing this is to help create new opportunities for entrepreneurs as well as for low-income communities, involving them in the business model design, as well as in the value chain as producers, distributors, customers and strategic partners.
Download all our expertise on Inclusive Business & Private Sector Development: