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Island Treasures (IT) sells handwoven bags created by trained artisans living in impoverished neighborhoods in India. IT curates an online website from which a customer can purchase one of its many handwoven bags. Considering the business model and social impact of Island Treasures, what strategies and initiatives can the company implement to further support the artisans' communities and promote sustainable development in the impoverished neighborhoods of India?

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Final answer:

Island Treasures can promote sustainable development by training artisans in sustainable practices, empowering women with fair income opportunities, and investing in local infrastructure to attract tourism. Additionally, supporting small-scale economic initiatives with sustainable resources is essential.

Step-by-step explanation:

Strategies for Supporting Artisan Communities and Promoting Sustainable Development

Island Treasures (IT) can implement several strategies to support its artisans and promote sustainable development within impoverished neighborhoods in India. One effective approach is based on the World Economic Forum's vision, which encourages vulnerable women to take control of operations and supply sustainable products. To emulate the success of social enterprise firms like Fairtrasa, IT can focus on:

  • Implementing training programs in sustainable practices and regenerative agriculture to increase local biodiversity and restore ecological balance.
  • Ensuring a significant percentage of its workforce, particularly in processing plants, are women, empowering them with fair income opportunities.
  • Collaborating with local communities to bolster local and regional supply chains, thus reducing carbon emissions associated with transportation.

Furthermore, IT can invest in infrastructure to foster tourism, as seen in regions like Melanesia. This would include enhancing accessibility and services necessary to attract tourists, which can enrich the local economy. Also, IT can directly support small-scale economic initiatives that use sustainable resources, following the traditional textile economy exemplified by Angkor Wat's silk trade, which capitalized on locally produced raw silk and the eco-friendly ikat technique.

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