Four billion people are excluded from the financial system. Tala’s Shivani Siroya shares how new technologies are helping to expand access—and why we all benefit.
Our Inclusive Advantage Consulting Services
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Our Approach to Inclusive Advantage
Many organizations face a world of talent shortage -- building more inclusive organizations -- which benefit all employees -- is often crucial to building a stable, superior workforce. With the diversity in many societies increasing, the opportunity to find new markets in serving the underserved. BCG helps organizations rethink and broaden their strategy to create lasting advantage, profitable solutions and societal impact.
- Build fair and inclusive supply chains via diverse supplier programs, supplier engagement and human/labor rights tools
- Personalizing the employee value proposition for frontline workforces to improve talent access and productivity in a way that better serves individual needs
- Reach new customers, open new markets, innovate business models to drive growth while addressing market inefficiencies and underserved segments in key sectors
Our Client Work in Inclusive Advantage
Enabling a Socially Transformative Business. We partnered with a global biopharmaceutical company to help make all its current and future patent-protected medicines and vaccines in the US or EU available on a not-for-profit basis to 45 lower-income countries. Leveraging BCG's expertise in portfolio development, regulatory pathways, supply chain platforms, and education for health care practitioners, the company launched an access program that will bring life-saving drugs and vaccines to 1.2 billion people.
Leveraging Data to Drive Inclusive Advantage. We partnered with a Latin American telco company to analyze and leverage quantitative and qualitative data for innovation hackathons. Through these hackathons, the organization was able to design programs that truly elevated its strategy through more comprehensive coverage to improve workforce outcomes.
Building a Strategy to Support People with Disabilities. We partnered with a Middle Eastern government to develop a holistic strategy for supporting its residents with disabilities. Grounded in global best practices, the strategy aims to improve a range of outcomes including a stronger workforce, improved health and education and better social care with lower costs.
Financial Health for All. BCG worked with a leading financial services provider to develop a market-driven financial inclusion strategy. By analyzing data from 3.6 million customers, the initiative mapped the journey from unbanked to financial health, outlined barriers and solutions across regions and designed solutions for implementation by various actors in the financial ecosystem. The outcome was a scalable framework that supports both consumer well-being and business growth.
Empowering Small & Medium Enterprise (SME) Growth. BCG worked with a Fortune 500 retail client to improve product innovation, local customer reach and supplier loyalty in order to deliver on their growth strategy. We assessed what their SME suppliers needed in order to unlock accelerated and sustainable growth. The primary challenges we identified were access to capital, access to markets and customers, and access to mentorship and expertise. Informed by these findings, we helped design a comprehensive response that included an innovative financing structure and fund to help small and medium enterprises to scale to meet the retailer's needs.
The Center for Inclusive Advantage
We work alongside organizations to navigate evolving business landscapes by embedding emerging growth opportunities into their strategies
Meet Our Inclusive Advantage Consulting Leaders
Our consulting team focused on Inclusive Advantage partners with the private and public sector to create scalable solutions embedded in core business that create societal impact. These are our global leaders on the topic.
Our Insights on Inclusive Advantage
Video
May 21, 2024
The $10 Trillion Opportunity in Inclusive Finance
Report
May 10, 2023
Employers underestimate how many PwD work for them, so they are missing opportunities to improve inclusion and retention. Here’s how they can do better.
