With the fast adoption of the United Nations Sustainable Development Goals by firms, stakeholder value creation has been the focus of policymakers and corporate leaders across the globe. The present study focuses on India and intends to understand the readiness of Indian firms towards the adoption of stakeholder primacy and creating and distributing value for the stakeholders. For this purpose, qualitative research was undertaken, and an inductive approach was adopted wherein the researchers conducted five focus group discussions (FGDs). The discussants of FGDs included chief executive officers, directors and senior executives of various Indian firms. They were the decision-makers and influencers in their respective firms and were likely to impact on how the stakeholder approach is adopted, and how value is created and distributed among the stakeholders of those firms. The study provides evidence for the identification of various stakeholders by a firm. The data analyses also indicate that firms seek autonomy in creating and distributing value among their stakeholders, and a flexible approach for determining and distributing that value.
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