Skip to main content

The CEO and the Executive Team: Responsible for Executing the Mission

  • Chapter
  • First Online:
Value Creation for Owners and Directors

Abstract

CEOs and their executive teams are responsible for transforming the mission, defined by the owners, into reality. They select and then implement an appropriate course of action, ideally one that is best given the context facing the corporation. When CEOs and their executive teams pursue actions at variance with the mission, they inevitably generate a clash with the owners, and should be stopped by the board before much value destruction occurs as a result. One of the outcomes may be that execution reveals the mission to be impossible or too costly to deliver; in that case it is up to the board to engage the owners’ board in a discussion of a possible modification of the mission.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Subscribe and save

Springer+ Basic
EUR 32.99 /Month
  • Get 10 units per month
  • Download Article/Chapter or eBook
  • 1 Unit = 1 Article or 1 Chapter
  • Cancel anytime
Subscribe now

Buy Now

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 54.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 64.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 69.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Notes

  1. 1.

    Walden by Henry David Thoreau.

  2. 2.

    Japanese-Style Entrepreneurship: An Interview with Softbank’S CEO, Masayoshi Son by Alan M. Webber Harvard Business Review, January–February 1992 Issue.

  3. 3.

    http://www.worldfuturefund.org/Documents/maninarena.htm.

  4. 4.

    https://knowledge.insead.edu/blog/insead-blog/the-three-altitudes-of-leadership-7541.

  5. 5.

    https://www.dbs.com/media/features/putting-the-customer-first.page.

  6. 6.

    h ttps://www.ft.com/content/d6029592-0eb9-11e5-8aca-00144feabdc0.

  7. 7.

    https://www.lesoir.be/art/interbrew-dedeur-s-en-va-descarpentries-un-profil-de-de_t-19930225-Z06FFU.html.

  8. 8.

    https://hbr.org/2012/04/the-beliefs-that-built-a-global-brewer.

  9. 9.

    https://www.ab-inbev.com/content/dam/abinbev/news-media/press-releases/2021/04/ABI_CEO_050621_EN.pdf.

  10. 10.

    https://www.ayala.com.ph/about-ayala.

  11. 11.

    https://www.independent.co.uk/news/obituaries/maersk-mckinney-moller-owner-of-the-worlds-largestcontainer-shipping-company-7648152.html.

  12. 12.

    Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy by Barry Ritholtz.

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Massimo Massa .

Rights and permissions

Reprints and permissions

Copyright information

© 2023 The Author(s), under exclusive license to Springer Nature Switzerland AG

About this chapter

Check for updates. Verify currency and authenticity via CrossMark

Cite this chapter

Massa, M., Taraporevala, K., Van der Heyden, L. (2023). The CEO and the Executive Team: Responsible for Executing the Mission. In: Value Creation for Owners and Directors. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-031-19726-0_4

Download citation

Publish with us

Policies and ethics