CIFOR-ICRAF and partners, Sriwijaya University and the South Sumatra Watershed Forum (Forum DAS Sumsel) are conducting participatory action research (PAR) to develop locally accepted and sustainable business models in the Sungsang area of Banyuasin District, South Sumatra Province. This PAR will eventually allow communities to generate sustainable incomes from mangrove restoration; strengthen local policies for mangrove restoration; and contribute to national and global mangrove restoration agendas. The project, which runs from 2021 to 2025 in collaboration with the Banyuasin District Government, is supported by Temasek Foundation (TF), Singapore. As per June 2024, there are six action arenas in three villages and a community-based mangrove nursery.
Tag: business model
Sustainable business models for inclusive growth: Towards a conceptual foundation of inclusive business
The Post-2015 Development Agenda envisions a global economy with enlarged opportunities for low-income groups. Businesses are accordingly challenged to become more inclusive. What this involves in practice is anything but clear, however. This partly stems from weak and inconsistent conceptualizations of ‘inclusive businesses’ and their business models. Because development actors and academics generally offer conflicting and value-laden interpretations of these concepts, an unambiguous and theoretically grounded perspective on business inclusivity is sorely lacking. This article attempts to move the needle on extant inclusive business discourse by delineating, conceptually, what it means to be(come) an inclusive business. By drawing on the rich literature on inclusive growth, sustainable business models, social enterprise and hybrid organizations, it offers revised definitions of inclusive businesses and inclusive business models. The article argues, amongst others, that inclusive businesses necessarily prioritize value creation over value capture and should be judged based on the net value they create for ‘income-constrained’ groups. It furthermore proposes how the boundaries of entrepreneurial responsibility can be delimited, with implications for how sustainable business models more generally should be designed.