Business and society: Creating shared value: In conversation with N. R. Narayana Murthy, Founder, Infosys

Abstract

With corporations playing a dominant role in society today, the centrality of the role of business to society is being researched from multiple perspectives ranging from moral, legal, economic, strategic, social, and environmental. Several approaches to and theories on the subject have emerged in the literature over the years, such as corporate social responsibility, stakeholder management, shared value, corporate citizenship, and corporate environmentalism, and have found acceptance in practice as well. This paper surveys the changing approaches to the role of business in society and reflects on some of the practices in a conversation with NR Narayana Murthy, Founder, Infosys.