The Group of 20 has launched the G20 Challenge on Inclusive Business Innovation, which seeks to recognize businesses with innovative, scalable or replicable, and commercially viable ways of working with low-income people in developing countries.
Businesses around the world are finding innovative ways to work with low-income people living at the base of the pyramid (BOP), working with them as suppliers, distributors, retailers, or consumers. These firms are called inclusive businesses.
Developing an inclusive business model that addresses the particular needs of people living at the base of the pyramid is an accomplishment. Scaling or replicating that model to expand into new markets is a challenge.
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