One of the most obvious and surprisingly untapped ways that large companies can support development objectives in the countries and communities in which they operate is through spreading economic opportunity through a variety of small enterprise development, training and business linkage initiatives. Depending on the industry sector and the company’s business model, such initiatives can be supported through all three spheres of company influence: core business activities: social investment and philanthropy; and engagement in the public policy agenda.
Core business activity
Procurement
Agricultural outgrowers schemes
Manufacturing and subcontracting
Outsourcing non core functions and services
Distribution and retail
Franchising and leasing
Financial services provision
Utilities services provision – energy, water, technology
Social investment and philanthropy
Offering basic business training
Technical and vocational training
Volunteering management time
Donating premises, equipment, discards, cut offs
Innovative community financing
Funding research and development
Enterprise education in school
Source: UNIDO
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