The Business Case for Inclusive Growth

Are executives supportive of inclusive growth initiatives and equipped to make a measurable—and sustained—societal impact?
The Business Case for Inclusive Growth

This article is part of the Forum Network series on New Societal Contract

Ahead of the World Economic Forum in Davos this week, Deloitte Global released the results of its first inclusive growth survey. Our report—The Business Case for Inclusive Growth—examines executives’ attitudes on the importance of achieving inclusive growth. It also explores how businesses can strategically contribute to the advancement of the societies in which they live and work.

Working with Forbes Insights, Deloitte Global surveyed 350 C-Suite and VP level executives globally across a range of sectors, from 10 November to 5 December 2017.

The survey revealed a trend that many executives are recognising, which is that businesses are increasingly driven by a sense of purpose to promote more socially inclusive growth. This is driven by a belief that greater equality can strengthen economic growth and that business must be an essential part of creating economic opportunities to reduce inequality. In fact, calls for more inclusive thinking are coming from across organisations as well as from customers who care deeply about these issues.

Yet, our report reveals that executives feel limited when trying to achieve tangible inclusive growth outcomes. We highlight the pressures that may be hampering inclusive growth initiatives and how organisations can make long-term strategic decisions to drive greater inclusivity in a rapidly evolving business environment.

I have confidence that executives will continue to be enthusiastic about the business case for inclusive growth and, with the right tools and programs in place, can embed these initiatives into their strategic priorities and empower both business leaders and individuals to make an impact that matters.

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Go to the profile of Bashar H. Malkawi
about 4 years ago

Fair trade advocates for inclusive growth through the promotion and establishment of greater equity for all as well as higher environmental standards in global value chains.Inclusive globalization promotes social justice, market fairness, and living standard amelioration. This addresses as well the social behavior of MNEs through their corporate social responsibility efforts by engaging in responsible international business activities. The purpose of inclusive globalization lies not only in opening markets, but in expanding opportunity and promoting cooperation. Bashar Malkawi