Meaning ● SMB Inclusive Growth represents a strategic business approach focused on ensuring that the benefits of growth, automation, and technology implementation within small and medium-sized businesses are distributed equitably across all stakeholders, including employees, customers, suppliers, and the broader community.
● It emphasizes creating business opportunities and equitable access to resources, such as skills training and technological advancements, to reduce disparities and promote widespread prosperity linked to business performance. ● This business model considers the social impact of automation initiatives, seeking to avoid job displacement through upskilling programs and the creation of new, higher-value roles in parallel with efficiency improvements. ● Inclusive growth strategies encourage SMBs to build diverse supply chains, supporting local businesses and underrepresented entrepreneurs, thereby strengthening the regional business ecosystem. ● Implementation requires SMBs to measure and report on key business metrics related to inclusivity, such as pay equity and supplier diversity, demonstrating a commitment to transparency and accountability. ● Ultimately, SMB Inclusive Growth enables companies to achieve sustainable and profitable growth while contributing positively to societal well-being, enhancing their brand reputation and long-term business resilience in a competitive marketplace.
