[vc_row][vc_column][/vc_column][/vc_row][vc_row][vc_column width=”1/4″][vc_separator color=”sky”]Part 1: INTRODUCTION[vc_separator color=”sky”]Part 2: METHODOLOGY[vc_separator color=”sky”]Part 3: FMCG[vc_separator color=”sky”]Part 4: HEALTH[vc_separator color=”sky”]Part 5: FINANCE[vc_separator color=”sky”]Part 6: TEXTILE[vc_separator color=”sky”]Part 7: HOUSING[vc_separator color=”sky”]Part 8: TELECOMMUNICATIONS[vc_separator color=”sky”]Part 9: DIVERSIFIED MANUFACTURING[vc_separator color=”sky”][/vc_column][vc_column width=”3/4″][vc_single_image image=”2200″ img_size=”medium”][vc_column_text css=”.vc_custom_1455697080244{padding-right: 10px !important;padding-left: 20px !important;}”]
Part 1: Introduction – Inclusive Business List
The list of enterprise advances the idea that companies should act as a force for good in society and think beyond the traditional boundaries of minting profits and providing employment.
Shared value is the next big chapter in transforming the role of business in society. This is where companies have to rethink their strategies. Several companies are engaged in doing this and have essentially paved the way for long-term growth by integrating societal good as part of their business strategy. We call them as Inclusive businesses.
Enterprises across the world are recognizing that businesses cannot essentially operate in isolation. These enterprises moving towards the paradigm of Creating Shared Value but are not there yet completely. This list recognizes that they have moved away from Corporate Social Responsibility and are paying equal attention to their stakeholders, however they are not completely shared value enterprises. So to encourage such enterprises and motivate them further to become shared value enterprises this Inclusive business list is being done.
Inclusive businesses highlight the companies that are changing the way companies do business and have included societal development as part of their business strategies. It comprises of 21 firms that are committed to bringing a change in understanding the key societal challenges and addressing them through their initiatives. The list of enterprise advances the idea that companies should act as a force for good in society and think beyond the traditional boundaries of minting profits and providing employment. It is a unique initiative to identify, assess and recognise the organisations operating in India, which are creating a measurable socio-economic value by identifying and addressing common social and environmental problems around their businesses.
The idea of creating an Inclusive business list is that it will encouraging organizations to aspire to become the change agents by adopting shared value related activities and build business models around these in the future. Companies in the list have pushed the envelope for CSR but they will need to scrutinized further to be labelled as Shared Value Enterprises. Different areas intersecting with the business activities have been identified and addressed by the companies in the list, an enterprise like Jain Irrigation is in the inclusive business list because at the grass-root levels it is making a significant profits through its innovative strategies.
Organizations on the list have been mapped by their past and present activities that are thought to be socially inclusive , and on how well these have potential to adopt the principles of shared value as a part of their business strategy in the future. A well-established assessment approach has been deployed, and a thorough evaluation has been done of several enterprises out of which 21 have been recognized in the Inclusive Business List. Companies in the list are assessed on four broad parameters:
- Social problem addressed
- Geographical reach and social activities
- Investments in community development on business
- Link between the social issue and company’s competitive position and strategy
The list comprises of companies that are on a journey to transcend the limitations of the traditional business concepts and, addressing key societal challenges in the area of health, education, social inequality, environment and financial inclusion.
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