IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-031-19726-0_2.html
   My bibliography  Save this book chapter

The Primacy of an Owner’s Mission

In: Value Creation for Owners and Directors

Author

Listed:
  • Massimo Massa

    (INSEAD)

  • Kai Taraporevala
  • Ludo Van der Heyden

Abstract

The owner’s mission sets the purpose and direction of a company. Critically, it determines how owners perceive value produced by their corporate ownership. The ability of owners to determine the mission of the corporation they own is one of the fundamental characteristics distinguishing owner-led firms from publicly listed ones. Clearly set out missions provide a proper focus for companies and greatly enhance the chances of longer-term success. More specifically, a mission statement frames value creation as making progress on the mission crafted by the owners. The first task of an effective Owners’ Board is to ensure alignment on a mission, and to change it only when contextual factors force a change in the mission.

Suggested Citation

  • Massimo Massa & Kai Taraporevala & Ludo Van der Heyden, 2023. "The Primacy of an Owner’s Mission," Springer Books, in: Value Creation for Owners and Directors, chapter 2, pages 21-59, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-19726-0_2
    DOI: 10.1007/978-3-031-19726-0_2
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-3-031-19726-0_2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.