Inclusive Leadership for Reduced Inequality: Economic–Social–Economic Cycle of Inclusion

Abstract

The Sustainable Development Goal of the United Nations related to reduced inequalities calls for greater economic inclusion of the poor. Yet, how business leaders grant economic opportunities and development to the poor is significantly under-researched. Extending burgeoning responsible leadership theory that promotes paradox-savvy leadership for building inclusive ventures through various actors, this study introduces new concepts of inclusive leadership that foster the economic inclusion of the poor from Amartya Sen's capability approach perspective. By studying how leaders include the poor in social businesses, we provide a fresh perspective of inclusive leadership as a personalized empowering cycle of economicsocial-economic inclusion to close the gaps between the rich and poor in business and society. This perspective provides new territories of diversity and inclusion research for reduced inequality.

Financial inclusion as a tool for sustainable macroeconomic growth: An integrative analysis

“…In this manner, the financial market reduces the danger of liquidity, which is brought about by reducing the flow of funds into the market and promoting more investment. Additionally, this process increases output and employment, which enhances the distribution of income and the income of the poor (Fujimoto & Uddin, 2021). Furthermore, the term “digital finance” encompasses numerous sub‐themes like adoption, technological diffusion, and sustainable development goals as shown in the center of the graph, with equal parts in each of the four quadrants, offering additional opportunities to investigate both internal and external links with knowledge of financial inclusion (Kangwa et al., 2021; Ofori‐Abebrese et al., 2020).…”

From corporate social responsibility (CSR) to corporate humanistic responsibility (CHR): the conceptualization and operationalization of perceived CHR

“…Future research could look into various paths across variables in the nomological network to see if CHR impacts thriving at work on innovative work behavior. Additional research into the role of CHR within and outside of organizations to tackle grand societal challenges such as reducing inequality and pollution through an inclusive community approach is warranted (c.f., Fujimoto et al ., 2019; Fujimoto et al ., 2022; Fujimoto and Uddin, 2021). Through organizations practicing humanistic responsibility both inside and outside of their operations, we hope to see businesses play a critical role in solving our collective problems and promoting a better future for humanity and the planet.…”

Integrative Resource Model of Workplace Inclusion for Reduced Inequality: Conservation of Resources Perspective

“…Bowie, 2017). The recently proposed stakeholder governance perspective (Amis et al, 2020b), economic value creation by stakeholders (Bapuji et al, 2018), economic-social-economic cycle of inclusion (Fujimoto & Uddin, 2021), and inclusion concepts for lowwage workers (van Eck et al, 2021) encourage corporate leaders and other stakeholders to prioritize the interests of most exploited stakeholders in order to meet their economic needs. The key stakeholders prioritizing fair employment practices at low-wage workplaces may reverse the hierarchical discriminatory trends within the workforce, which are particularly imposed on female workers in the patriarchal society (cf.…”