Meaning ● Inclusive Growth Strategy, when applied to Small and Medium-sized Businesses (SMBs), represents a business model focused on equitable expansion where the benefits of automation and technological implementation are intentionally spread across the entire organization and broader community. This strategy ensures that as an SMB grows, adopts new technologies, and streamlines operations, the resulting advantages are shared among employees, stakeholders, and even customers, promoting shared economic advancement. ● Central to this concept is the purposeful reduction of inequalities in opportunity and outcome, especially in the context of operational adjustments driven by automation; this might include retraining programs to equip employees with new skills needed to manage automated processes, rather than displacement. ● For SMBs, inclusive growth strategy implementation means consciously making decisions that enhance the well-being of all impacted by the business’s activities, driving revenue and profit with ethics.
