scispace - formally typeset
Open AccessJournal ArticleDOI

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

P D Jose
- 01 Mar 2016 - 
- Vol. 28, Iss: 1, pp 43-51
Reads0
Chats0
TLDR
This article 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.
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.

read more

Citations
More filters
Journal ArticleDOI

Inclusive business—a business approach to development

TL;DR: This paper reviewed the conceptual development and discussions by scholars and practitioners around the notion of "inclusive business" and examined how market approaches attempt to tackle socio-economic challenges and include low-income communities in business chains.
Journal ArticleDOI

Towards a trans-disciplinary conceptualization of inclusive development

TL;DR: In this article, the authors synthesize the review papers on "inclusive development" and conclude that ID must move towards a new collective imaginary, discursively discovered, and that Social Inclusiveness must be less paternalistic and more focused on a rights-based approach to ensure equitable access to and allocation of rights, responsibilities and risks with respect to socioeconomic resources (e.g. financial, insurance, education).
Posted Content

Trusteeship as a Moral Foundation for Business

TL;DR: A review of corporate governance practices follows and fresh regulation is introduced as discussed by the authors, however, the public debate on the standards of acceptable corporate behavior appears devoid of moral expectations and the concept of "trusteeship" can serve as a philosophical foundation for businesses and provide requisite moral guidance.
Journal ArticleDOI

Creating Shared Value and Strategic Corporate Social Responsibility through Outsourcing within Supply Chain Management

TL;DR: In this paper , a model for decision-making within the supply chain has been developed for purchasing based on shared value creation, long-term relationship management, and purchasing strategies, which consists of two strategic mathematical models, using goal programming, and then is solved by a meta-heuristic algorithm.
Journal ArticleDOI

Interpretation and integration of “creating shared value” in Asia: implications for strategy research and practice

TL;DR: The authors identified three characteristics of Asian business practices that shape CSV in Asia: a survival sense, a strong ethical stance, and business-in-society dynamics, and introduced a preliminary framework for Asian CSV along with suggestions for future research and practice.
References
More filters
Book

Strategic Management: A Stakeholder Approach

TL;DR: The Stakeholder Approach: 1. Managing in turbulent times 2. The stakeholder concept and strategic management 3. Strategic Management Processes: 4. Setting strategic direction 5. Formulating strategies for stakeholders 6. Implementing and monitoring stakeholder strategies 7. Conflict at the board level 8. The functional disciplines of management 9. The role of the executive as mentioned in this paper.
Book ChapterDOI

The Social Responsibility of Business Is to Increase Its Profits

TL;DR: When I hear businessmen speak eloquently about the social responsibilities of business in a free-enterprise system, I am reminded of the wonderful line about the Frenchman who discovered at the age of 70 that he had been speaking prose all his life as mentioned in this paper.
Journal Article

Strategy and society: the link between competitive advantage and corporate social responsibility.

TL;DR: A fundamentally new way is proposed to look at the relationship between business and society that does not treat corporate growth and social welfare as a zero-sum game and introduces a framework that individual companies can use to identify the social consequences of their actions.
Journal ArticleDOI

A Three-Dimensional Conceptual Model of Corporate Performance

TL;DR: In this article, a conceptual model that comprehensively describes essential aspects of corporate social performance is presented, and three aspects of the model address major questions of concern to academics and managers alike: What is included in corporate social responsibility? What are the social issues the organization must address? and what is the organization's philosophy or mode of social responsiveness?
Related Papers (5)
Trending Questions (1)
What are role of Businesses in the society?

Businesses play a crucial role in society by creating shared value through approaches like corporate social responsibility, stakeholder management, and corporate citizenship, as discussed with N. R. Narayana Murthy.