Meaning ● Inclusive Growth Models, within the context of SMB operations, focus on strategies that ensure economic advancements benefit a broad spectrum of stakeholders, especially employees and the local community affected by the SMB’s activities. These models, tailored for SMB growth, frequently integrate automation not just for efficiency gains but also to generate opportunities for workforce upskilling. Considering SMB implementation, a pivotal aspect of such a model is a commitment to equitable resource distribution, reinvesting profits into areas that directly enhance employee well-being and community development. ● For automation initiatives, this translates to ensuring that new technologies complement rather than replace existing roles; it involves offering training programs and developing new roles that capitalize on human skills alongside automated systems. Implementation focuses on SMB’s strategic alignment that incorporates metrics beyond mere profitability, tracking societal impact and employee satisfaction. Such SMBs consider the economic, societal, and environmental performance indicators, indicating sustainable business approach and corporate social responsibility. Ultimately, inclusive growth enables SMBs to achieve enduring business success through shared value creation, building a resilient and adaptable workforce while improving their competitive position within their respective markets.
