Stéphane Garelli

Professor Emeritus of World Competitiveness

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Stéphane Garelli is Professor Emeritus of World Competitiveness at IMD and Professor at the University of Lausanne.

As founder of the IMD World Competitiveness Center, he is closely connected to the world of business and has pioneered research in this field for 30 years.

Garelli is Chairman of the Board of Directors at leading French language Swiss newspaper Le Temps. He was formerly a member of the board at Banque Edouard Constant, and at Sandoz Financial and Banking Holding, where he was Chairman.

For many years, he was Managing Director of the World Economic Forum and the Davos Symposium. He also spent 12 years as a permanent senior adviser to the European management of Hewlett-Packard.

He is the author of numerous publications on competitiveness and global business, including the best-selling Top Class Competitors: How Nations, Firms, and Individuals Succeed in the New World of Competitiveness and Étés Vous un Tigre un Chat Ou un Dinosaure?

Garelli is a member of a number of institutes, including the China Enterprise Management Association, Board of the Fondation Jean Monet pour l’Europe, the Swiss Academy of Engineering Sciences, the Mexican Council for Competitiveness, and an advisory committee member of the Thai Management Association. He is also a member of the International Olympic Committee Sustainability and Legacy Commission and was a member of the Constitutional Assembly of Vaud, Switzerland from 1999 to 2002.

Insight for Executives
Article
Les chefs d’entreprise devraient-ils être des diplomates?
In any case, they have to try. At a recent conference in Hong Kong, UBS Chairman Colm Kelleher said, "We don't read the American press, we actually believe what China says." Obviously, this made pe...
Published 25 November 2022
Article
Combien de temps cela va-t-il durer?
An economic crisis is made up of a mosaic of other crises. Identifying them is only half the problem. The other is how long they will last. Inflation: one and a half to two years. It remains the ma...
Published 11 November 2022
Article
A la recherche d’une «vraie» personne
There is a fundamental principle in economics: no matter how much technological innovation one offers, at the end of the process there is always a product and above all a person. However, the path ...
Published 28 October 2022
Article
"Permacrises": un nouveau nom pour un nouvel âge
The past few years have been characterized by an avalanche of crises. It never seems to end: debt in Europe, Brexit, US-China trade tensions, covid, supply chain shortages, inflation, employment pr...
Published 14 October 2022
Article
Un leader a-t-il le droit de se tromper?
One of the pleasures of power, at the head of a company or a country, is to believe that you are always right. How could it be otherwise when those around you keep saying so? If it is clear that yo...
Published 30 September 2022
Article
L’économie sous l’emprise de la politique
Everything becomes political again. Governments keep interfering in the running of the economy. This is obviously the consequence of the energy crisis and the war in Ukraine. But it is also a funda...
Published 16 September 2022
Article
Les influenceurs sont devenus incontournables
In six months, Kendall Jenner, an American actress, generated $3.7 million worth of advertising for Prada on her Instagram account. In China, Li Jiaqi sold more than $1.7 billion worth of lipsticks...
Published 2 September 2022
Article
Une récession atypique pour entrer dans un nouveau monde
We lost the next recession! This sounds a bit like a Sherlock Holmes or Hercule Poirot investigation. The 2008 recession was pretty standard: real estate, financial and unemployment crises. But for...
Published 19 August 2022
Article
Taux d’intérêt: une bonne décision pour de fausses raisons!
The economy likes to scare itself, and the rise in interest rates is no exception to this ambient dramatization. Officially, it is to fight inflation. But the reality is more complicated. There are...
Published 24 June 2022
Article
Le moteur de la globalisation était la spécialisation: est-ce fini?
In 1817, David Ricardo published what would become one of the most famous laws of economics, that of comparative advantage. A country has an interest in specializing in what it can produce best, se...
Published 10 June 2022
Article
Reconstruire l’Ukraine: ce que le passé nous a appris
Volodymyr Zelensky said it in Davos: it is necessary to start working now on the reconstruction of Ukraine. His Prime Minister, Denys Chmyhal, estimates the cost, for now, at $540 billion. That is ...
Published 27 May 2022
Article
Un peu de patrimoine, mais pas de revenus
The war in Ukraine and its destruction reminds us that everyone can have some wealth without necessarily being rich. In the past, those who had a little capital also had income. They were the renti...
Published 14 May 2022
Article
Globalisation: une stratégie devenue trop risquée?
In the wake of covid and the war in Ukraine, companies have begun their most strategic thinking since the 1980s. Globalization as we have known it is disappearing. Many companies may not survive th...
Published 30 April 2022
Article
Et si on ne peut plus faire de prévisions…
And if you can't forecast... what do you do? The release of the first quarter gross domestic product (GDP) numbers shows how much the world has changed in a short period of time. These numbers are ...
Published 15 April 2022
Article
Pour les entreprises, cela devient ingérable
Since the war in Ukraine, companies have been caught in a vice-like grip. Their home countries expect them to implement sanctions without fail and to comply with a new moral code. On the other hand...
Published 1 April 2022
Article
«On était vaincu par sa conquête…»
Victor Hugo, of course: Les Châtiments, La Retraite de Russie. The first cost of a war, as in Ukraine, is human, and that is intolerable. But there is also a considerable economic cost that leaders...
Published 18 March 2022
Article
Les sanctions : l'autre guerre
At the time of writing, it is impossible to predict the evolution of the war in Ukraine. On the other hand, it is certain that the world will have to relearn how to live with closing markets and in...
Published 25 February 2022
Article
Vers un nouveau rideau de fer sur l’économie mondiale ?
The decoupling of the world economy is becoming a reality every day. The goal is for the major economies to be less dependent on each other. What is at the end of the road? Increasingly autarkic po...
Published 20 February 2022
Article
Inflation: un engrenage difficile à arrêter
We all put in the agenda that the U.S. Federal Reserve was going to raise interest rates on March 15. If this is the end of the beginning of this inflation saga, it is not the beginning of the end....
Published 5 February 2022
Are You a Tiger, a Cat or a Dinosaur?
Book
Are You a Tiger, a Cat or a Dinosaur?
Competitiveness, like social networks, sustainable development or climate change, is a topic that has captured the world. Politicians, businessmen and media constantly refer to it. What does it mea...
Published 1 January 2000
100 questions: How competitiveness influences your life
Are You a Tiger, a Cat or a Dinosaur?