IMD business school for management and leadership courses
In late 2023, when the management team at the consumer packaged goods company Reckitt considered adopting gen AI, potential use cases spanned the business—from drafting presentations to delivering customer support to optimizing procurement contracts. Many of the use cases guaranteed time savings and an immediate return on investment, but they ap…
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We offer novel insights into the utilization of heterogeneous types of financial slack (unabsorbed, absorbed, and potential) by family versus non-family small- and medium-sized enterprises (SMEs). We hypothesize that agency problems in family SMEs imply idiosyncratic effects on the ability to leverage the different types of financial slack, with…
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How does early-career entrepreneurship experience of family business offspring affect their likelihood of eventually taking over the established family firm? Considering family business succession as a dual-agency process, we draw on human capital theory and opportunity cost logic to theorize how the same early-career experience can have diverge…
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Cities play a crucial role in our societies and shape corporate actions in several ways. Their economic relevance poses an important policy question: Does the city in which the headquarters of a given company is located matter for its performance? If so, which urban dimensions matter more? We focus on the headquarters’ location because it acts a…
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Most research on social entrepreneurship highlights the positive effect of compassion on creating wealth for beneficiaries. However, while compassion drives social entrepreneurs to take prosocial actions that benefit others, the actions it motivates can also be destructive due to the complex, interdependent nature of social issues. This paper ex…
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Societal gender role norms play a crucial role in shaping men’s and women’s career aspirations. However, prior research documenting this key role of gendered norms has primarily focused on heterosexual women and men in the global North-West. Previous studies documenting differences in career interests by sexual orientation suggest that gender ro…
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This paper investigates why firms facing identical carbon-pricing incentives exhibit heterogeneous decarbonization trajectories. We address this question through a theoretical framework that conceptualizes national institutional quality and innovation-system capabilities as boundary conditions that shape firms’ adjustment capacity under emission…
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Elon Musk’s reported Terafab project and Huawei’s Tau Scaling Law look, at first glance, like two versions of the same trend: the return of vertical integration in semiconductors. But the similarity is superficial. Terafab, if it materializes, is vertical integration from ambition. Huawei’s semiconductor strategy is vertical integration under co…
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Every executive eventually hits a moment of truth. A new project, a bold expansion, a promising acquisition, and suddenly the hard questions are right in front of you: Will this venture be profitable? Will it generate cash flow? How much capital will it demand? And ultimately, will it create value for shareholders or destroy it? If you can answe…
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