Sydney Business Insights

Milton Friedman famously argued that ‘the social responsibility of business is to increase its profits’, pay taxes and let the government deal with the rest. In 2011, Michael Porter and Mark Kramer wrote in the Harvard Business Review that business can create economic value while addressing social needs and challenges: ‘shared value is… a new way to achieve economic success.’ We talk to Associate Professor Rae Cooper and Associate Professor Ranjit Voola about the role of business in society. You can subscribe to this podcast on Soundcloud, iTunes, Spotify, Stitcher, Libsyn or wherever you get your podcasts. You can follow us online on Flipboard (flip.it/jdwqTP), Twitter, or sbi.sydney.edu.au. For show notes and links to this podcast visit sbi.sydney.edu.au/podcasts See omnystudio.com/listener for privacy information.