Goals, Strategies, and Fundamentals

Massimo Massa (), Kai Taraporevala and Ludo Van der Heyden ()
Additional contact information
Massimo Massa: INSEAD

Chapter 5 in Value Creation for Owners and Directors, 2023, pp 109-128 from Springer

Abstract: Abstract Missions are generally long term in nature. Goals translate missions into practical, quantifiable medium-term objectives that then trigger the search for short-term action plans. Goals can be broadly quantified around three main dimensions: profitability, growth, and sustainability. It is important that all three dimensions are dealt with, and that boards and executive teams understand the interactions and especially the trade-offs between these three dimensions. Executive teams thus face clear conflicts and trade-offs which they need to recognize and manage. Boards are there to support executives with the necessary clarification.

Keywords: goals; strategies; profitability; growth; sustainability (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-19726-0_5

Ordering information: This item can be ordered from
http://www.springer.com/9783031197260

DOI: 10.1007/978-3-031-19726-0_5

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().