INCLUSIVE BUSINESS
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DeLab<br />
Time to be engaged<br />
Since 2000 many attempts to engage companies in<br />
facing environmental and social challenges have been<br />
made. Millennium Development Goal 8 relates exactly<br />
to the need of involving the profit sector in development<br />
issues, creating new partnerships to foster human development.<br />
More recently, the Busan Declaration reaffirmed<br />
such need by stating that “the private sector is now<br />
widely acknowledged as a key partner in<br />
development” 1 .<br />
Therefore, a transformational change in corporate vision<br />
and strategy is required. Market-based approaches<br />
to poverty alleviation proved to couple social values with<br />
business returns, while fostering innovations in income<br />
segments that were traditionally overlooked. It is high<br />
time for Italy to embrace Inclusive Business strategies<br />
and to test its industrial potential in new niches, building<br />
on Inclusive Business and looking at greener innovations<br />
to boost innovative business models.<br />
As Shumpeter epitomized, innovation is the intrinsic<br />
feature of good entrepreneurial activities. It’s time for Italy<br />
to build momentum on Inclusive Business and finally proceed<br />
towards the implementation of this business model<br />
at a national level.<br />
Let’s be brave.<br />
1. Fourth High Level Forum on Aid Effectiveness (2011).<br />
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