Remove Customer Loyalty Remove Finance Remove Leadership Remove Long-term
article thumbnail

Why Do Corporations Need A Single Purpose?

Harvard Business Review

A generation of economists, finance theorists, business school professors, and would-be governance experts has embraced the notion that companies exist only to maximize "shareholder value.". Others are investing for retirement or to pay for a child's college tuition, and care about long-term returns.

article thumbnail

Before You Link Pay to Customer Feedback: Five Essentials

Harvard Business Review

More and more companies are tying incentive pay to customer metrics. TIAA-CREF, the big financial services company, includes customer loyalty score improvement in senior executive compensation. Your customer metrics must correlate with financial and strategic goals. A clear link to financial and strategic outcomes.

article thumbnail

How the Best CEOs Get the Important Work Done

Harvard Business Review

But what does it mean, in terms of daily tasks, to be the company’s top “executer?” They constantly remind everyone what matters in the simplest terms possible. Revenue comes from customers, and customers care massively about the details of the business. It’s written right into your title.

CEO 8