- IMD Business School  - IMD Business School  - IMD Business School
Your C-suite doesn’t want good intentions.
They want measurable results.

IMD’s custom programs turn your executive development spend into performance gains, cost savings, and ROI you can defend to your board.

Your C-suite doesn’t want good intentions.
They want measurable results.

IMD’s custom programs turn your executive development spend into performance gains, cost savings, and ROI you can defend to your board.

Leadership program investment is growing. Is it paying off?

Investment in leadership development keeps rising, but proof of its value rarely follows. At IMD, we measure success by what changes in the business, not by how a program feels on the last day. Our research shows how leading companies link leadership learning to performance, productivity, and financial results.

Proven, not assumed 

There are five levels of impact measurement: reaction, learning, application, business impact and ROI. Most programs measure the first too without much difficulty. Yet while 96% of organizations agree that impact should be tracked all the way to ROI, only 4% measure it. Bayer and Absa are among them. Here is what they proved.

 - IMD Business School
12,826 leaders, 15 months, 66% ROI

In 2021, only half of Bayer’s employees had a development conversation, and 40% of leaders struggled to evaluate performance. This was a costly gap for a company built on R&D and fast decisions. After a first program for top leaders, Bayer asked IMD to scale it to 5,000+ leaders within a year. IMD’s blended “Sprint” format reached 12,826 leaders in less than 15 months with an 83% completion rate, delivering 66% ROI (€1.66 per €1 invested) and €23 million in annual efficiency savings.

“It was a peer-sharing experience, and it became a movement of people that wanted to participate because they saw the benefits of those who had already gone through,” said Beatriz Rodriguez, Bayer’s Chief Talent and Diversity, Equity and Inclusion Officer.

 - IMD Business School
89% ROI: 3.5x times the target

Absa used to measure its leadership programs by attendance and satisfaction, which never showed whether they created value.. Using the ROI Methodology® with IMD, each participant in its 12-month LEAP program committed upfront to a specific business outcome. The result was an 89% ROI against a 25% target, which earned IMD and Absa the ROI Institute’s 2025 Best International Implementation Award.

“What stood out the most was the way the course seamlessly integrated theoretical knowledge with practical applications, ensuring that every concept felt relevant and actionable,” said Noxolo Mnguni, LEAP 2024.

 - IMD Business School
Inside the report

Absa and Bayer came to IMD with a clear expectation: executive development had to deliver substantial, sustained business impact. This report shows how we achieved that together, setting measurable objectives, applying the ROI Methodology® across five levels, and tracking results over time.

➡A step-by-step guide for linking learning to business goals
➡Case studies with quantifiable outcomes
➡Tools for HR, L&D, and business leaders to track and communicate success
➡Evidence of leadership development driving cost savings, innovation, and growth

When we say “real learning, real impact”, we mean it – and we measure it

At IMD, we measure impact beyond participant satisfaction. Using the globally recognized ROI Methodology®, we evaluate how learning translates into behavior change, business results, and organizational value. Five measurement levels target specific aspects of the learning experience, offering you a clear understanding of how your investment translates into tangible organizational benefits.

Our methodology

Discover how we measure impact:

Level 1

Reaction
Participant Satisfaction

Level 2

Learning
Knowledge & skill acquisition

Level 3

Behavior
Application of learning at work

Level 4

Business & career impact
resulting from behavioral change

Level 5

ROI of the program

How we design for impact

Leading companies choose IMD because we approach leadership development differently. From diagnosis and design to implementation and impact measurement, every program is tailored to your context, your leaders, and the results you need to achieve.

Build programs entirely around your priorities

Start with the problem you need to solve. We design every element of the program around it, rather than squeezing your needs into an off-the-shelf solution.

Define measurable success before day one

Success starts before the learning begins. Each participant and their manager define a performance contract that aligns development goals with business priorities and expected outcomes.

Learn from faculty who’ve solved your kind of problem

Whatever pressure your leaders are facing, from margin compression to digital disruption, our faculty have advised a company living through it. You’re never the test case.

Prove impact with one rigorous methodology

Bayer’s 66% ROI and Absa’s 89% ROI aren’t outliers. They’re what happens when we apply the same approach to every custom program: isolating effects, verifying costs, and adjusting for confidence.

 - IMD Business School
Why impact matters to us

“We’ve long believed in leadership development, but only now can we prove its impact with real rigor. By isolating the program’s contribution, HR leaders get data they can confidently stand behind with boards and business sponsors.”

— Johanna Leppävirta, Head of Impact, IMD

What our partners achieved: award-winning stories

Discover Stories of Impact, a collection of real journeys from organizations we’ve partnered with that went on to win awards. From leadership transformation to measurable business results, each story shows how IMD helped our partners tackle their toughest challenges and succeed.

More organizations are choosing to measure and publish the impact of their leadership investments. If yours could be next, let’s talk.