Editor’s note:

China’s rapid economic growth — amongst the fastest in the world — has made many people better-off. And in its campaign to pull millions out of poverty, China has made it clear that no one should be left behind.

As co-developer of the balanced scorecard, Robert Kaplan focuses on those left behind in the world’s development process in one of his recent articles in the Harvard Business Review (HBR).

The balanced scorecard looks at more than the bottom line of business. It also looks at more social aspects. In the HBR article, “Inclusive Growth: Profitable Strategies for Tackling Poverty and Inequality,” co-authored with George Serafeim, a professor of business administration at Harvard, and Eduardo Tugendhat, director of thought leadership at the Palladium consultancy, Kaplan discussed strategies for firms to build a new ecosystem to lift people out of poverty.

Here, he shares his ideas of inclusive growth with Shanghai Daily staff writer Cao Xinyu.