IMD MBA Schedule

Knut Haanaes' research and teaching focuses on strategy, sustainability, strategic renewal and business models. He is co-author of the best-selling book Your Strategy Needs a Strategy and a successful TED speaker, and was until recently the Dean of the Global Leadership Institute at the World Economic Forum. He is a former Senior Partner and Global Leader of the Strategy Practice at the Boston Consulting Group.

Your Strategy Needs a Strategy was published by Harvard Business Review Press in 2015 and won praise from the likes of World Economic Forum founder and Executive Chairman Klaus Schwab, Pfizer Chairman and CEO Ian C. Read and Benetton CEO Marco Airoldi. The book has since been translated into seven other languages and its findings have underpinned much of Haanaes' teaching since he joined IMD in 2015. Meanwhile, his TED talk "Two reasons companies fail – and how to avoid them" has attracted more than 2 million views.

Haanaes says the different pillars of his work enable him to help companies think about their path for the future and take account of new trends like demands for greater sustainability. He believes that the secret to creating lasting, impactful companies is to find a balance between doing what you're good at (exploitation) and looking for new challenges to take on (exploration).

Sustainability is also an important cornerstone of his work. At BCG he led a collaboration with MIT on the topic, developing one of the largest databases globally of how executives address sustainability, and founded the BCG global sustainability initiative. And at IMD he plays a coordinating role in the Business Schools for Climate Leadership (BS4CL) alliance of eight leading European business schools set up in 2021 to address the climate crisis. The schools plan to collaborate on research to identify and shape best practices, and work across industries to accelerate the business community’s response to climate change. He is also heavily involved in IMD's strategic partnership with the World Business Council for Sustainable Development, which aims to equip business leaders with the skills to accelerate the pace of sustainable business transformation and create the most sustainability-centered MBA program in the world.

Through his work with clients, Haanaes has accumulated extensive experience in a number of industries on issues of strategy. At IMD, he has helped run custom programs for Neste, CMS, Technip FMC, Coca-Cola Bottling, Mondelez, Maybank, Rio Tinto and Iberdrola. He is also Director of the Leading Sustainable Business Transformation (LSBT) program, head of the sustainability stream in the MBA program and teaches in many of the school's key open programs, including the Advanced Management Program (AMP), Breakthrough Program for Senior Executives (BPSE) and Orchestrating Winning Performance (OWP).

Haanaes has published articles in top publications such as Harvard Business Review and MIT Sloan Management Review and research reports for BCG, The World Economic Forum and MIT.

Haanaes is a member of the CEO’s Sustainability Advisory Board at Carlsberg and a board member at private bank Alpian. He has also served as Chairman of BI Norwegian Business School, a member of the Global Agenda Council on New Economic Growth Models at the World Economic Forum, Executive Director of the Research Council of Norway, and a Visiting Scholar at Stanford University.

Selected publications

Business schools must do more on climate change (Harvard Business Review, 2022)

How the university of the future must adapt to train future leaders (Forbes, 2020).

Your Strategy Needs a Strategy (Harvard Business Review Press, 2015)

Making sustainability profitable (Harvard Business Review, 2013)

How serious is climate change to business? (MIT Sloan Management Review, 2013).

Sustainability as adaptability (Journal of Applied Corporate Finance, 2012)

Sustainability nears a tipping point (MIT Sloan Management Review, 2012).

New sustainability study: The 'embracers' seize advantage (MIT Sloan Management Review, 2011)

Recognition

President’s Award, BCG

Expansion Management Review Best Article

BI Norwegian Business School best lecturer prize

Education

MSc (Economics)

Norwegian School of Economics and Business Administration (NHH)

PhD (Strategy)

Copenhagen Business School

Ralf Boscheck is Professor of Economics and Business Policy. His areas of special interest are industry and competition analysis, regulation and competition policy with a particular focus on energy, healthcare/pharmaceuticals and agrobusiness.

Professor Boscheck advises companies in the formulation of business unit and corporate strategies and consults with international organizations and governments on issues of market liberalization and industrial strategy. His research has appeared in academic and practitioner-oriented journals as well as in books with difo, Routledge, Plagrave-Macmillan and Cambridge University Press. He is currently a member of the editorial board of “World Competition – Law & Economics Review” as well as the “International Journal of Energy Sector Management”.

Before joining IMD in 1990, Ralf Boscheck was a fellow at the Swiss Institute for International Economics (SIASR) at Harvard University, Department of Economics and a consultant with Monitor Company. Upon completing his undergraduate education in political science and economics at the Central University of Iowa and the Philipps Universität, Marburg, Germany, Professor Boscheck received an MA in public policy from Georgetown University, Washington DC and an MBA in finance and industrial economics from the Katholieke Universiteit Leuven, Belgium. He completed a doctorate and a habilitation in the department of economics at the St. Gallen Graduate School of Economics, Business and Law, Switzerland.

Ralf Boscheck directed the Managing Corporate Resources/MCR, now the Advanced Management Program/AMP program (2000 – 2006), IMD’s most senior leadership program, Breakthrough Program for Senior Executives (2011-2013), and was Dean of the MBA program (2014 – 2017).

Arturo Bris (www.arturobris.org) ranks among the top one hundred most read finance academics in the world. He is the author of several books, a frequent speaker at international conferences, and appears regularly on international media outlets. He also leads the world-renowned IMD World Competitiveness Center (WCC) and is an award-winning teacher and program director.

His work has been published in the Journal of Finance, the Journal of Financial Economics, the Review of Financial Studies, the Journal of Legal Studies and the Journal of Business, and he has had articles published in the Financial Times, Wall Street Journal, and Handelsblatt among others.

His areas of expertise include corporate finance, corporate governance, financial regulation, and competitiveness. As Director of the IMD World Competitiveness Center, he works with governments all over the world assessing, measuring, and managing the competitiveness of countries. The WCC produces trusted annual rankings on economies’ competitiveness, and under his leadership it has expanded its coverage by adding new rankings on talent, digital competitiveness, and smart cities.

In addition to leading the Center, Bris conducts research on the relationship between income inequality, social mobility, and competitiveness. His work on the international aspects of financial regulation focuses particularly on the effects of bankruptcy, short sales, insider trading and merger laws. He has also researched and lectured on the effects of the Euro on the corporate sector and the valuation impact of corporate governance changes.

His recent work includes a comprehensive study of 3,692 CEOs from 22 countries from 1991-2019, which found strong evidence that existing studies overestimate the impact of CEOs on the performance of the firms they lead, and an analysis of the outlook for globalization in the post-COVID-19 period.

At IMD he directs the Strategic Finance and Navigating Fintech Innovation and Disruption program. He also previously directed the flagship Advanced Strategic Management program between 2009 and 2013. He has led several custom programs for organizations operating in various industries, with a particular interest in the financial sector, and has extensive consulting experience with countries from across the world.

Bris' latest book The Right Place: How National Competitiveness Makes or Breaks Companies provides an analysis of countries’ competitive performance, typical mistakes that countries make, and the pillars necessary to build a truly competitive economy. He also co-authored Flex or Fail: The Future of Work and Pay and Sixteen Shades of Smart: How Cities Can Shape Their Own Future in 2019, and Blockchange!: How to Survive the Crypto Economy in 2018.

Bris is a member of the Strategic Committee of Debiopharm Investment and the International Advisory Council of the Wealth Management Institute in Singapore, and is academic advisor to the Blue Whale Foundation, a decentralized ecosystem enabling the self-employed to thrive by capturing a fair share of the value they create. He also serves as a member of the International Advisory Board of CENTRUM Graduate Business School in Peru, and of the Supervisory Board of the Kyiv International Economic Forum. He is also a research associate of the European Corporate Governance Institute and a research fellow of the Yale International Institute for Corporate Governance.

Prior to joining IMD in 2005, he was the Robert B & Candice J. Haas Associate Professor of Corporate Finance at the Yale School of Management.

Selected publications

The euro and corporate financing before the crisis (Journal of Financial Economics, 2014)

The euro and corporate valuations (Review of Financial Studies, 2009)

The value of investor protection: Firm evidence from cross-border mergers (Review of Financial Studies, 2008)

Good stewards, cheap talkers, or family men? The impact of mutual fund closures on fund managers, flows, fees, and performance (Review of Financial Studies, 2007)

Efficiency and the bear: Short sales and markets around the world (Journal of Finance, 2007)

The costs of bankrupty: Chapter 7 liquidations versus Chapter 11 reorganization (Journal of Finance, 2006)

The real effects of the euro: Evidence from corporate investments (Review of Finance, 2006)

The optimal concentration of creditors (Journal of Finance, 2005)

Who should pay for bankruptcy costs? (Journal of Legal Studies, 2005)

Corporate financial policies and performance around currency crises (Journal of Business, 2004)

Corporate leverage and currency crisis (Journal of Financial Economics, 2002)

Recognition

European Financial Management Best Paper Award (2006)

China International Conference in Finance Best Paper Award (2005)

Jaime Fernández de Araoz Corporate Finance Award (2005)

Yale School of Management Alumni Association Teaching Award (2001 and 2003)

FMA European Conference Best Paper Award (2001)

Education

BSc (Law and Economics)

Universidad Autónoma de Madrid

MSc (Financial and Monetary Studies)

CEMFI, Madrid

PhD (Management)

INSEAD

Jennifer Jordan is a social psychologist and is Professor of Leadership and Organizational Behaviour at IMD.

Professor Jordan's teaching, research, and consulting focus on the areas of digital leadership, ethics, influence, and power. Professor Jordan has received specialized training and certifications in lie- and truthfulness-detection, as well as in conflict resolution within organizations.

Her work in these areas has appeared in several scientific journals including Administrative Science Quarterly, Organizational Behavior and Human Decision Processes, Journal of Management, Business Ethics Quarterly, Journal of Business Ethics, Psychological Science, Personality and Social Psychology Bulletin, Journal of Applied Social Psychology, and Journal of Experimental Social Psychology. She was also a contributor to the books, Leadership at the Crossroads: Psychology and Leadership and The Handbook of Organizational and Managerial Wisdom, as well as an editor of one of the seminal scientific books on wisdom, Handbook of Wisdom: Psychological Perspectives. Her work has been mentioned in mainstream publications from The New York Times to De Volkskrant (Netherlands).

Prior to joining IMD, Professor Jordan was an Associate Professor and Rosalind Franklin Fellow at the University of Groningen in The Netherlands and a post-doctoral fellow at the Kellogg School of Management and Tuck School of Business in the United States.

Professor Jordan also served as a visiting scholar at the Max Planck Institute for Human Development in Berlin, Germany. Professor Jordan received her doctoral degree and two masters degrees (Masters of Philosophy and Masters of Science in Psychology) from Yale University (United States). She is a member of the editorial board of the journals Leadership Quarterly and Organizational Behavior and Human Decision Processes.

Frédéric Dalsace is a Professor of Marketing and Strategy at IMD. Prior to that, he spent 16 years as a Professor at HEC Paris, where he held the Social Business / Enterprise and Poverty Chair presided by Nobel Laureate Prof. Muhammad Yunus. Prior to his academic life, Frédéric accumulated more than 10 years of experience in the business world, both with industrial companies (Michelin and CarnaudMetalbox), and as a strategy consultant with McKinsey & Company.

He has worked with more than 40 multinational firms in many sectors, such as Porsche, Traton (VW Truck & Bus), Lafarge-Holcim, Colas, Dassault, Renault, Rabobank, Santander, Orange, Bouygues, Atos and others.

His research covers two areas. The first part focuses on inter-organizational (B2B) issues such as customer-centricity, buyer-seller relationships and value management. Frédéric also has been doing research on the role of firms in alleviating poverty and developing inclusive business models, both in rich countries and at the BOP (Bottom of the Pyramid). He has published in academic journals such as the Strategic Management Journal, Harvard Business Review, Revue Française de Gestion and Business Horizons. His thesis work received the ISBM (Institute for the Study of Business Markets) 2000 Award, and he was awarded the HEC Foundation Prize for the best research piece published by the HEC Faculty in 2004, and the Best Article Prize published by Business Horizons in 2017.

Frédéric is an alumnus from HEC Paris, holds an MBA from the Harvard Business School, and both an MSc and a PhD in Management from INSEAD.

Professor Seifert's primary research and teaching interests relate to operations management, supply chain strategy and technology management. He has also worked on industry analysis, competitive strategy and new venture formation.

Professor Seifert is Director of the Digital Supply Chain Management program. Since joining IMD, he has designed and directed numerous company-specific general management programs. He has actively coached more than 50 project teams and served as consultant and speaker to various multinational companies.

Based on his work with companies, Professor Seifert has co-authored more than 30 case studies covering different industries. These efforts have been recognized by multiple international case awards granted by EFMD in 2020, 2018, 2012, 2009 and 2003, ECCH in 2011 and 2006, as well as POMS in 2004. He continues to actively research issues of supply chain strategy, supply chain finance and technology management and has more than 80 articles and international conference presentations to his credit. In addition, he co-authored three books: most recently one on digital supply chain challenges, one focused on strategic supply chain management, and another one concerning start-up challenges of technology ventures. In parallel to his appointment at IMD, he is a tenured professor at the Swiss Federal Institute of Technology (EPFL) in Lausanne where he has held the Chair of Technology and Operations Management (TOM) since 2003.

Prior to joining IMD, Professor Seifert studied and worked in Germany, Japan and the US. He earned his PhD and MS degrees in Management Science at Stanford University, a Diplom Ingenieur degree in Mechanical Engineering at the Karlsruhe Institute of Technology (KIT) and a Master's degree in Integrated Manufacturing Systems Engineering from North Carolina State University. While in the US, he consulted for Hewlett-Packard and served as Teaching and Research Assistant at Stanford University. In Germany he worked for Booz & Company (now strategy&), McKinsey & Company and Freudenberg & Co. In addition, he spent one year as a Visiting Scholar in Operations Research at Waseda University in Tokyo.

During his studies, Professor Seifert was awarded three highly prestigious scholarships: a European Recovery Program (ERP) Scholarship by the Federal Ministry of Economics and Technology of Germany; a Japan Scholarship by Mercedes-Benz and McKinsey & Company, Inc.; and a Fulbright Scholarship by the Fulbright Commission, Germany. Formerly, he was a member of the German National Merit Foundation and the Siemens International Student Circle. He is a recipient of the Grashof Prize and of the Honors of the Jubiläums-Staats-Stiftung of the Karlsruhe Institute of Technology.

Omar Toulan is Professor of Strategy and International Management and the Dean of the MBA program at IMD. Professor Toulan's areas of expertise include strategic management, international business, growth strategies, and managing the multinational. Among his areas of research are offshoring and outsourcing, global account management, emerging market multinationals, and the impact of the digital disruption on the retail sector. His research has appeared in a variety of academic and practitioner oriented journals including Strategic Management Journal, Journal of International Business Studies, California Management Review, Industrial and Corporate Change, Emerging Markets Review, and Journal of Latin American Studies.

Before joining IMD, Dr. Toulan spent 19 years at McGill University in Canada where he was a tenured professor and also served as Associate Dean Academic and Masters Programs of the business school, overseeing all faculty and leading the introduction and redesign of various masters programs. He has also spent time as a Visiting Professor at London Business School, INSEAD, Imperial College, Stockholm School of Economics, and Universidad Torcuato di Tella. He has been awarded various research and teaching grants, including a Teaching Chair from the Quebec Government. He has given executive seminars extensively not only in Europe and North America but also Latin America and Japan.

Prior to entering academia, Professor Toulan worked as a management consultant for McKinsey and Company in its New York office, as well as at its Global Institute in Washington, D.C. He has also worked as a researcher at the US President's Council of Economic Advisers.

Professor Toulan received his undergraduate degree in International Economics from the School of Foreign Service at Georgetown University and went on to complete his PhD in Strategy at the Sloan School of Management at MIT.

Dr Leleux is the Stephan Schmidheiny Professor of Entrepreneurship and Finance at IMD in Lausanne (Switzerland), where he was also director of the MBA program (2006-2008) and director of Research and Development (2004-2008). He is currently the co-Director of Foundations for Business Leadership (FBL).

He was previously Visiting Professor of Entrepreneurship at INSEAD and Director of the 3i VentureLab and Associate Professor and Zubillaga Chair in Finance and Entrepreneurship at Babson College, Wellesley, MA (USA) from 1994 to 1999. He obtained his PhD at INSEAD, specializing in Corporate Finance and Venture Capital.

He is the author of "Winning Sustainability Strategies: finding purpose, driving innovation and executing change" published in 2019 by Palgrave Macmillan, “Private Equity 4.0: Reinventing Value Creation” (Wiley, 2015), “Investing Private Capital in Emerging and Frontier Market SMEs” (IFC, 2009), “Nurturing Science-Based Startups: An International Case Perspective” (Springer Verlag, 2008), “From Microfinance to Small Business Finance” (Palgrave Macmillan, 2007), and “A European Casebook on Entrepreneurship and New Ventures” (Prentice Hall, 1996). His teaching cases have earned more than 20 European case writing awards and he has been ranked #19 in the Case Center’s top-40 best-selling case authors for 2018/19.

Prior to his academic career, he was the head of corporate venturing for a leading agribusiness conglomerate in South East Asia. Dr Leleux earned a M.Sc. in Agricultural Engineering and a M.Ed. in Natural Sciences from the Catholic University of Louvain (Belgium) and an MBA from Virginia Tech (USA)

Dr Leleux is the Stephan Schmidheiny Professor of Entrepreneurship and Finance at IMD in Lausanne (Switzerland), where he was also director of the MBA program (2006-2008) and director of Research and Development (2004-2008). He is currently the co-Director of Foundations for Business Leadership (FBL).

He was previously Visiting Professor of Entrepreneurship at INSEAD and Director of the 3i VentureLab and Associate Professor and Zubillaga Chair in Finance and Entrepreneurship at Babson College, Wellesley, MA (USA) from 1994 to 1999. He obtained his PhD at INSEAD, specializing in Corporate Finance and Venture Capital.

He is the author of "Winning Sustainability Strategies: finding purpose, driving innovation and executing change" published in 2019 by Palgrave Macmillan, “Private Equity 4.0: Reinventing Value Creation” (Wiley, 2015), “Investing Private Capital in Emerging and Frontier Market SMEs” (IFC, 2009), “Nurturing Science-Based Startups: An International Case Perspective” (Springer Verlag, 2008), “From Microfinance to Small Business Finance” (Palgrave Macmillan, 2007), and “A European Casebook on Entrepreneurship and New Ventures” (Prentice Hall, 1996). His teaching cases have earned more than 20 European case writing awards and he has been ranked #19 in the Case Center’s top-40 best-selling case authors for 2018/19.

Prior to his academic career, he was the head of corporate venturing for a leading agribusiness conglomerate in South East Asia. Dr Leleux earned a M.Sc. in Agricultural Engineering and a M.Ed. in Natural Sciences from the Catholic University of Louvain (Belgium) and an MBA from Virginia Tech (USA)

Amit Joshi, Professor of AI, Analytics and Marketing Strategy at IMD, specializes in helping organizations use artificial intelligence and develop their big data, analytics and AI capabilities. An award-winning professor and researcher, he has extensive experience of AI and analytics-driven transformations in industries such as banking, fintech, retail, automotive, telecoms, and pharma.

Joshi believes that no organization's digital transformation is complete until they really understand their data and how to upscale their analytical capabilities. He is currently focusing on how organizations can ensure that AI implementation occurs strategically and at scale rather than in small islands of excellence.

He has delivered customized programs for several companies including UBS, Sonova, Johnson & Johnson, Guardian Life, Mars Petcare, Securitas, Bank Danamon, Bayer, Ooredoo, Siam Commercial Bank, Abu Dhabi School of Governance, Hanover RE, and Migros. He also advises start-ups on their strategies.

At IMD, he is Director of the Digital Excellence Diploma and the Digital Analytics (DA) open program. He is also Co-Director of the Artificial Intelligence (AI) and the Digital Strategy and Analytics (DSA) programs.

Joshi’s research, which focuses on long-run marketing strategy, analytics, and AI applications, has been published in top journals, including the Journal of Marketing, Marketing Science, Journal of Consumer Culture, the Journal of the Academy of Marketing Science, Harvard Business Review and MIT Sloan Management Review. He has twice won the MSI/H. Paul Root Award for the best paper in the Journal of Marketing and the Robert D. Buzzell Best Paper Award for the Marketing Science Institute publication with the most long-term impact.

His work and thought leadership have frequently been cited in the media and have been covered by outlets including NPR, CNN, NBC, Nikkei, the Financial Times, Fast Company, Business Standard, Fox News, Bloomberg, Forbes, Le Temps, Investor Relations Magazine, The Conversation, and Science Daily. He is frequently invited to give keynote speeches and led a panel discussion with marketing experts at the World Economic Forum in Davos in 2020.

Before joining IMD in 2017, Joshi was in academia in the US and prior to that worked as a sales manager at Cadbury India, now part of the Mondelez International group.

Selected publications

6 principles to build your company’s strategic agility (Harvard Business Review, 2021)

The building blocks of an AI strategy (MIT Sloan Management Review, 2020)

How intelligent is your AI? (MIT Sloan Management Review, 2020)

How CEO/CMO characteristics affect innovation and stock returns: findings and future directions (Journal of the Academy of Marketing Science, 2020)

A meta-analysis of electronic WOM elasticity (Journal of Marketing, 2015)

The direct and indirect effects of advertising spending on firm value (Journal of Marketing, 2010)

Advertising spending and market capitalization (Marketing Science Institute, 2004)

Recognition

Named as one of Switzerland's Digital Shapers by Bilanz, Handelszeitung, Le Temps and Digitalswitzerland (2020)

Winner of EFMD Case Writing Competition (2019)

MSI/H. Paul Root Award for best paper in Journal of Marketing (2015 and 2010)

Marketing Science Institute Robert D. Buzzell Best Paper Award (2006)

Education

Bachelor’s in Mechanical Engineering

University of Pune

Post Graduate Diploma in Management

Indian Institute of Management

PhD in Management

UCLA Anderson School of Management

Bettina Büchel has been Professor of Strategy and Organization at IMD since 2000. Her current research topics include strategy implementation, new business development, strategic alliances and change management.

She has led both public programs, such as Orchestrating Winning Performance and Strategies for Leadership, and custom programs for companies such as AGC, Allianz, Commerzbank, Evonik, Hempel, Nestlé, Nilfisk-Advance, Ooredoo, Orkla, Outotec and Tetra Pak on developing strategic priorities, implementing strategic initiatives and managing change. More recently, her work has focused on leading strategic transformation programs, working closely with CEOs to help build capabilities to drive strategic priorities.

During her tenure at IMD, she has performed a number of roles: Dean of Programs on the management team; Chair of the Faculty Personnel Committee; member of the President’s Council; and first Regional Director of IMD’s hub in Singapore.

In addition to her work with multinational companies, she is currently an angel investor and works with venture capital firms to evaluate and invest in start-ups to help accelerate and scale these ventures.

Professor Büchel is of German origin and a Swiss national. She received a bachelor of economics and public administration from the University of Constance, Germany; a Masters of Human Resources and Industrial Relations from Rutgers University, USA and a PhD from the University of Geneva, Switzerland. After obtaining her PhD, she worked as an Assistant Professor at the Asian Institute of Technology in Bangkok, where she taught MBA and PhD students from across Asia.

Based on her work with companies all over the world, such as Nestlé, Barclays, SGS, Tetra Pak, Ooredoo Mobile Money and Best Buy, she has written numerous case studies. She won an EFMD case award for the case series “Negotiating for a Cellular License in Egypt”. She has also developed simulations on the topic of execution, e.g. Strategic Feat.

Professor Büchel has also published books on smarter strategy execution, facilitating change, organizational learning, comparative human resources management, joint venture management and communication technology-enabled knowledge organizations. Her academic articles have appeared in leading journals such as the Journal of Management Studies, Journal of World Business and Sloan Management Review.

Paul Strebel works with boards of directors and top management teams as an educator and advisor on strategic vision and the resolution of boardroom conflicts. In addition to personal experience as a board director, he has facilitated interactive workshops and seminars on best in-class boards and strategic breakthroughs for multinationals in Europe, U.S., South Africa, the Middle East and S.E. Asia.

He is the originator of several managerial frameworks:

Outpacing Business Strategies (developed together with Xavier Gilbert): Companies shouldn’t opt exclusively for low delivered cost, or high perceived value, but rather deploy them in sequence to drive the industry’s evolution and beat the competition. 

Employee Compacts: To make organizational change effective, management must understand why employees resist change, take account of the forces of change and resistance and offer employees correspondingly tailored compacts.

Contingent Governance: Board directors are more effective when they are aware of the four basic roles of the board that reflect support and control, and how the board should shift focus between the roles to deal with internal and external challenges. 

Redefined Stakeholder Capitalism: Executives can reconcile shareholders with other stakeholders, by focusing rigorously on creating long-term shareholder value, based on win-win initiatives with value creating stakeholders, while avoiding the value-destroying traps and ESG risks associated with others.

Professor Strebel has twice received the Award for Research on Leadership from the Association of Executive Search Consultants and has won several case study awards from the European Foundation for Management Development. He has published articles in the MIT Sloan Management Review, Harvard Business Review, California Management Review, Strategic Management Journal, Long Range Planning, among numerous others and has contributed on governance issues to the business press.

Paul Strebel's books include, Breakpoints: How Managers Exploit Radical Business Change (Harvard Business School Press); The Change Pact: Building Commitment to Ongoing Change (FT Prentice Hall); Trajectory Management: Leading a Business over Time (Wiley); Smart Big Moves: The Story Behind Strategic Breakthroughs (FT Prentice Hall). He is the co-editor of IMD's guidebook on Mastering Executive Education: How to Combine Content with Context and Emotion (FT Prentice Hall)

Professor Strebel was IMD’s first Director of Research, held the Sandoz Family Foundation Chair in Strategic Change Management, sponsored the introduction of IMD’s Executive MBA program, directed several of IMD’s open and company-specific executive development programs, and developed the IMD online program, Strategic Thinking. 

Prior to joining IMEDE, one of the two founding institutes of IMD, he was Chairman of the Finance and Economics Group at the State University of New York in Binghamton, Director of the MBA Program at the University of the Witwatersrand in Johannesburg, and on the financial staff of W.R. Grace & Co. 

He was educated at the University of Cape Town where he was awarded a Master of Science degree for a thesis in nuclear chemistry, graduated from Columbia University in New York with an MBA specializing in finance, and received his doctorate with a dissertation in chemical physics from Princeton University.

Anand Narasimhan, Shell Professor of Global Leadership, focuses on the dynamics of boards and top teams, and their impact on transformation in organizations. Anand has worked with board directors and senior executives on how to enhance their leadership presence in order to create a positive impact on their followers and stakeholders.

Anand’s teaching, consulting and research highlight the importance of the specific contexts that top leaders operate in, and especially the tendency of successful individuals to accentuate their own abilities and discount the importance of supporting factors such as team members and institutional structures and process. His research shows how leaders need to understand their own powers of containment, and acquire literacy in reading conscious and unconscious cues to create aligning mechanisms that generate large-scale transformation.

Anand is currently working on a book on the unconscious dynamics of teams as an underappreciated factor in corporate governance failures. He is also co-author of Quest: Leading Transformation Journeys, a book summarizing IMD faculty's research on corporate transformations, which won the 2015 Axiom Business Books International Business Gold Medal.

Anand’s research has been published in top organizational, sociological and psychological journals such as Harvard Business Review, Academy of Management Journal, Organizational Science, Annual Review of Sociology, and Personnel Psychology. He has served on the editorial boards of Organization Studies and Human Relations.

Anand has led programs on board and top leadership effectiveness for clients from a wide range of industries such as Iberdrola, Borealis, Borouge, Qatar Petroleum, Shell and Holcim.

At IMD, Anand is Director of the Team Dynamics for Boards program. He serves on IMD’s Executive Committee as Dean of Research and was additionally Dean of Faculty until 2021. He is also a board member of the Case Center and the International School of Lausanne, and is currently qualifying to be a teacher of Mindfulness Based Cognitive Therapy.

Before joining IMD in 2007, Anand served for a decade as organizational behavior faculty member at London Business School, and prior to his academic career he worked for Unilever.

Selected publications

What everyone gets wrong about change management (Harvard Business Review, 2017)

Quest: Leading Transformation Journeys (IMD, 2014)

Knowledge-based innovation (Academy of Management Review, 2008)

Emotion helpers (Personnel Psychology, 2007)

The production of culture perspective (Annual Review of Sociology, 2004)

Tournament rituals in the evolution of fields (Academy of Management Journal, 2004)

When market information constitutes fields (Organization Science, 2000)

Awards

Axiom Business Books, Gold Medal – International Business (2015)

Best Article, Small Group Research (2014)

EFMD, Best Public Sector Case Study (2012)

Reviewer of the Year, Human Relations (2005)

Education

After graduating from the Birla Institute of Science and Technology (Pilani, India), Anand earned a Post Graduate Diploma in Personnel Management and Industrial Relations at XLRI (Jamshedpur, India) and a PhD at Vanderbilt University (Nashville, USA). Anand is a graduate of the Financial Times Non Executive Director program and the Tavistock Institute’s Dynamics at Board Level program. 

Katharina joined IMD as Affiliate Professor of Leadership in September 2019. She has taught executives globally, specializing in self-leadership and cross-cultural team leadership in times of Change.

Before joining IMD, Katharina led the Office of Executive Development at Singapore Management University (SMU). Being at SMU since 2013, she directed Open Programs such as ALPINE (Asia Leaders Program in Infrastructure) or the J&J Hospital Management Program. For Custom Programs, she designed, directed and taught for clients such as Maersk, UTC Carrier, Otis, Sumitomo, Mondelez, Barclays, Johnson & Johnson, Sanofi-Aventis, Bayer, Infineon, Shangri-La, IBM, Pernod Ricard and the Abu Dhabi Distribution Company (UAE).

Prior to her experience in Asia, Katharina was Program Director and Head Life Science Industries at the European School of Management and Technology (esmt), Berlin, where she directed and taught in executive and degree programs. 

Before her career in business education, Katharina worked 9 years with Arthur Andersen and Deloitte Consulting. Her PhD in pharmacology adds the empirical lens of a natural scientist to her profile.

Katharina has published numerous case studies for business education on Harvard Business Publishing http://hbsp.harvard.edu/ e.g. B&C in Russia, Medneo, Pina Bausch - Leadership as collective genius, as well as the SMU Case Center https://cmp.smu.edu.sg/ e.g. Sarulla Geothermal Power Project, Building the Singapore Sports Hub, Stakeholder Issues at the Singapore Sports Hub, Singhealth - Winning the war against diabetes.

Her book chapters include Pina Bausch - "Leading Collective Genius" in "Servant Leadership", ESV, 2014; Building Singapore Sportshub in "Living in Smart Cities", World Scientific, 2018.

In 2018 she was appointed as member of the Board of UNICON, the global consortium for university based executive education. From 2017 - 2019 Katharina served as Board member on the Board of Governors of the German European School Singapore.

PROFILE

Winter Nie’s expertise lies at the intersection of leadership and change management. She has a deep understanding of how people at different levels in an organization react to change and how leaders can effectively manage resistance and organizational dynamics. Her work focuses on the inherent tension between centralized power and localization, mature and emerging markets, technology push and market pull, internal and external focus, as well as short-term financial performance and long-term survival. Her work shows that the role of leadership is not to eliminate but skillfully navigate through these tensions into the future. She works with organizations on change at the individual, team, and organizational levels, looking beyond surface rationality into the unconscious forces below that shape the direction and speed of change.

Trained in business and psychodynamics, she uses both fields of knowledge to help the leadership team understand the team dynamics in the face of external and internal business challenges and how these forces affect organizational transformation.  

Winter also has in-depth knowledge of doing business in emerging markets, low-cost competition, innovation culture, and customer centricity.

PROFESSIONAL EXPERIENCE

Winter has worked with many global companies in different industries (engineering and technology, service and consulting professions, fast-moving consumer products, banking and financial sector, telecommunications, pharmaceuticals, gaming, and the internet). She primarily works in three areas: Organizational transformational journeys; Strategic initiatives (such as customer-focused organization, moving from products to solutions, and operational/service excellence) and change initiatives that require senior executives’ engagement; Senior leadership development.

Winter primarily works with executive teams and senior leaders. In addition, she works with both western and Chinese companies on CEO and senior executive succession (with emphasis on development) by anchoring on the organizational goals and business requirements, leveraging her keen observations of the team dynamics and individual behaviors, deep insights into human nature, and skillful coaching. 

In addition to teaching and conducting research, Winter holds the position of the Dean of IMD China since 2016, responsible for business development and client relationships for the institute within the country. She has served as IMD’s regional director of Southeast Asia, Australia, New Zealand and Oceania (2016–2019). She sits on the boards of Opsis, Singapore and Valuesense Group, China. 

PROFESSIONAL INTERESTS AND RECENT PUBLICATIONS

Winter is well published in both academic and practitioner-oriented journals. Her forthcoming book, “The Future of Global Retail: Learning from China's Retail Revolution” (2021), provides both macro- and micro-perspectives for a deep insight into what is happening in China’s new retail market, including its latest digital innovations and new business models. The book provides a new retail framework as a roadmap for global retail executives: the “Beyond” Value Chain Model (More on: https://www.chinanewretail.org/).

“In the Shadow of the Dragon: The Global Expansion of Chinese Companies – and How It Will Change Business Forever” (2012), profiles key Chinese players and provides insights into subtle yet powerful strategies used to gain market dominance, their approach to going global, and the Chinese way of innovation. “Made in China – Secrets of China's Dynamic Entrepreneurs” (2009), takes an insider's look at Chinese entrepreneurs' path to success and offers insights on how MNCs could compete and/or work with them.  

Louise Muhdi helps organizations rapidly adapt to an uncertain and fast-changing business environment, drive innovation and growth, and sustain value creation for the long term. She enables executives to develop the capabilities, skills, tools, and mindsets needed to successfully lead and manage change and business transformation.

Using her extensive management experience working across different sectors, her multidisciplinary training in technology and innovation management, and as a biologist, she brings pedagogical innovation and a disruptive perspective to her research to create impactful learning journeys and educational content for clients.

Consequently, her approach is very hands-on and action oriented, guiding executives as they scope out the challenges they face and working out possible solutions in a human-centric, collaborative, disciplined and creative way. She specializes in designing novel tools and technology-enhanced programs that deliver measurable and immediate impact at the individual, team, and organizational level. Her focus is therefore on strategic innovation management, strategy execution, entrepreneurship, and implementation of organizational change.

Aware of the time constraints facing many executives, Muhdi is now developing and delivering the IMD BOOSTR[AD1]  innovation program, which involves short-burst, virtual collaborative problem-solving modules which can be delivered as a stand-alone program or added on to other programs or learning journeys to address the specific needs and challenges of organizations. Broadly, it involves identifying a specific problem and then designing a high-intensity and immersive intervention in which geographically dispersed and diverse teams work out a potential solution in a short space of time.

IMD BOOSTR creates a safe space for teams to collaborate effectively and work on real-world strategic projects, build on existing abilities, and practice essential skills for the future. It helps dissolve workplace silos as participants learn to challenge the status quo, tackle disruptive challenges, cope with uncertainty, embrace diversity, think smarter, act faster and build the agility and resilience needed for long-term success.

Based on her work with organizations navigating change during the COVID-19 pandemic, she also developed a framework to help executives and their teams respond more effectively to the situation of constant, unpredictable upheaval that has become the norm in many areas of the business world, and which for many years has been referred to as a VUCA (volatile, uncertain, complex, and ambiguous) scenario. Muhdi's LACE framework is built on key pillars of action (learn, adapt, collaborate, experiment) and offers an action checklist for executives facing a VUCA business environment.

Her global portfolio of clients includes Oman LNG, Statkraft, Norlys, Indonesian bank Mandiri, Borealis, Borouge, the United Nations Development Program (UNDP), Romande Energie, Shell and a number of startups, and she also teaches on IMD's MBA and EMBA programs.

A natural innovator and an influential figure on the Swiss startup scene, she is a jury member at Venture Kick, which provides support for science-based technology startups from Swiss universities. She was also part of a team that was selected as a winner in the economic impact category of Switzerland's April 2020 Versus Virus hackathon.

Prior to joining IMD in 2019, Muhdi was Head of Innovation Strategy and Portfolio for Global Science and Technology at Givaudan International, where she led the development of the global innovation strategy and the implementation of multiple strategic initiatives to drive short, mid, and long-term growth. She previously spent several years in the pharmaceutical industry, where she developed emerging markets in Morocco and Tunisia and has held a strategic and scientific advisory role in the family office of a leading Swiss business personality.

Selected publications

How to jump-start innovation and organizational change (strategy+business, 2022)

The LACE framework: How to effectively respond to a rapidly changing business environment (I by IMD, 2021)

Learning to learn: Five steps to create a curious organization (IMD, 2021)

Trying to hack COVID: My experience hyperlooping teams into the future of remote innovation (IMD, 2020)

Understanding Crowdsourcing: The Process and the Contributors (Südwestdeutscher Verlag für Hochschulschriften, 2012)

The crowdsourcing process: An intermediary mediated idea generation approach in the early phase of innovation (International Journal of Entrepreneurship and Innovation Management, 2011)

Motivational factors affecting participation and collaboration of members in two different Swiss innovation communities (International Journal of Innovation Management, 2011)

Recognition

Winner of Switzerland Versus Virus hackathon economic impact category (April 2020)

Education

MSc (Biology)

Eidgenössische Technische Hochschule Zürich

PhD (Technology and Innovation Management)

Eidgenössische Technische Hochschule Zürich

James E. Henderson is Professor of Strategic Management at IMD.

Prior to joining IMD, he was an Associate Professor of Strategic Management at Babson College and Babson School of Executive Education, based in Boston, MA.

His areas of special interest are:

- Strategy under uncertainty

- Competitive strategy

- Corporate strategy

- Strategy execution

Professor Henderson helps companies achieve and sustain their competitive advantage either at a business unit, corporate or global level through directing custom specific executive programs, facilitating strategy workshops, or teaching MBAs and executives. While at Babson and IMD, he has designed, delivered and/or directed programs for a number of companies in a variety of different industries including healthcare: Serono, UCB Pharma, Novartis, Blue Cross Blue Shield; capital intensive industries; OMV, UPM Kymmene, Metso; professional and financial services: Deloitte, Royal Bank of Scotland, Zurich Financial Services; high technology: EMC, France Telecom, Battelle Memorial Institute; consumer products: Estée Lauder, Carlsberg and economic development agencies: Scottish Enterprise.

James E. Henderson main research interest concerns developing and implementing strategy under uncertainty. Specific topics include piloting (an emerging research interest), investment timing, corporate entrepreneurship and supply chain competitiveness.

Professor Henderson has published several important articles on investment timing in the Strategic Management Journal and Academy of Management Journal. He has also authored numerous papers on supply chain and cluster competitiveness including one in the Strategic Management Journal. Many of his ideas have been incorporated in the 2005 Strategic Management Society Book Series, titled Restructuring Strategy, co-edited with Professor Karel Cool, INSEAD and Réné Abate, Boston Consulting Group. In the area of corporate entrepreneurship, his research has appeared in Management Decision (best paper for 2008), Frontiers of Entrepreneurship and Journal of Business Venturing, leading research journals in the field.

Professor Henderson has also developed over 30 published IMD, INSEAD and Babson cases, of which one, Heineken Buckler Beer, won the Best Selling Case in Europe. Furthermore, he sits on the Editorial Board of the Strategic Management Journal as well as the Annual Conference on Corporate Strategy.

In addition to his PhD in Strategic Management at INSEAD, France, he holds an MBA and undergraduate degree in Economics and French from the University of Western Ontario in Canada.

Goutam Challagalla, Professor of Strategy and Marketing, focuses on how digital advances and sustainability concerns are impacting companies' business strategies and approaches to marketing. Having helped companies to rethink their business models and build new capabilities in the face of the digital revolution, he is now helping to integrate into their strategy sustainability related challenges and opportunities.

Challagalla's teaching, consulting and research highlight the different challenges facing companies as a result of digital and sustainability transformations. While digital advances require the development of new business models in order to become more effective or efficient, taking on sustainability goals means that organizations have to rethink their whole raison d'être and their relationship with all stakeholders.

He is therefore well placed to help companies prepare for further acceleration in digital and sustainability transformations in the post-pandemic world, particularly by designing strategies that are resilient for today and tomorrow. His research shows how digital breakthroughs can derail businesses, as well as the steps they can take to protect themselves and leverage digital technologies for gain. It also provides insights on ways in which firms can exploit purpose and digital advances to drive sustainability priorities, on brand strategies for sustainability, customer centricity, and how to design and lead the modern sales organization in the wake of COVID-19.

He is currently working on a book on digital pathways for value creation, which examines six ways in which companies can use digital advances to drive customer value and loyalty. The book is due to be published later in 2022 or in early 2023.

His research has been published in top marketing and management journals including the Journal of Marketing, Journal of Marketing Research, Management Science, Strategic Management Journal, and the Journal of Applied Psychology, with a paper in Harvard Business Review forthcoming. He also served on the editorial review boards of the Journal of Marketing and Journal of Personal Selling & Sales Management.

Challagalla has led programs on strategy and marketing issues for clients from a wide range of B2B and B2C industries, including AT&T, Bangkok Bank, Beiersdorf, Cargill, GE, Grundfos, Kone, Novo Nordisk, Pfizer, Reckitt, Tetra Pak, Turner Broadcasting and Zurich Insurance Group.

At IMD, he is Director of the Advanced Management Program (AMP), the Digital Marketing Strategies program (DMS) and Strategy Governance for Boards program. And until recently he ran an annual event for Chief Marketing Officers, which was attended by the CMOs of firms from across Europe (e.g. Tetra Pak, Dow, IBM Europe).

Before joining IMD in 2015, Challagalla served for 20 years as a marketing professor at the Georgia Institute of Technology (Georgia Tech) in Atlanta, where he was Associate Dean for Executive Education and head of the marketing department. He also worked as Principal at The Monitor Group, a strategy and marketing consulting company.

Selected publications

The joint and multilevel effects of training and incentives from upstream manufacturers on downstream salespeople's efforts (Journal of Marketing Research, 2020)

The online challengers threatening to disrupt the disrupters (Financial Times, 2020) How Coke, Apple and others use marketing doctrine (Forbes India, 2015)

Marketing doctrine: A principles-based approach to guiding marketing decision making in firms (Journal of Marketing, 2014)

Implementing changes in marketing strategy: The role of perceived outcome and process-oriented supervisory actions (Journal of Marketing Research, 2012)

Proactive postsales service: When and why does it pay off? (Journal of Marketing, 2009)

Awards

Outstanding Dissertation Award at UT-Austin (1994) Decision Sciences Institute Best Paper Award (2006)

American Marketing Association Best Services Paper award (2010) Maynard Award for best paper in Journal of Marketing (2015)

Education

After graduating from Osmania University in Hyderabad, India, Challagalla earned an MBA at Arizona State University and a PhD at the University of Texas in Austin.

Öykü Işık, Professor of Digital Strategy and Cybersecurity, is an expert on digital resilience and the ways in which disruptive technologies challenge our society and organizations. Named on the Thinkers50 Radar 2022 list of up-and-coming global thought leaders, she helps businesses to tackle cybersecurity, data privacy, and digital ethics challenges, and enables CEOs and other executives to understand these issues, which she believes are too important to be left to technical specialists alone.

Işık’s research explores ways in which emerging technologies can be exploited to foster responsible innovation. She has worked with organizations such as Mastercard, Ageas, KBC and BNP Paribas Fortis, Turkcell, and the European Union Intellectual Property Office to help them shape their responses to consumer concerns around cybersecurity, data privacy and digital ethics.

While digital transformation creates more opportunities for organizations, this is also accompanied by increasing risks, she says. Cyber attackers are becoming more sophisticated and cyber extortion is now a booming business that poses a serious threat, with major financial, reputational, and regulatory implications for organizations that are targeted. Many businesses fail to give enough attention to these risks, but Işık is able to provide practical advice to organizations on how to develop the digital capabilities they need to ensure that they can deal with such hazards.

Meanwhile, growing consumer worries about data privacy and protection mean that organizations are under pressure to build digital trust and transparency, and new regulations such as the EU’s GDPR regime have major ramifications for the way that businesses process consumer data. Işık therefore helps organizations to understand customer concerns and regulatory changes, and shape their privacy and data processing policies accordingly.

The emerging field of digital ethics is also growing in importance amid mounting anxieties over how organizations use digital technologies, such as artificial intelligence, for surveillance. Ethical considerations therefore need to be addressed as such technologies are deployed, she says.

Işık is currently looking at public sector organizations, which are traditionally seen as slow to implement new technologies, but may actually offer some examples of best practice that the private sector could learn from. She is also carrying out research on the behavior and attitudes of young people towards data protection and their readiness to exchange privacy for convenience or financial gains, and is developing a practical team simulation for how firms might respond to a ransomware attack. A future study will offer guidance for organizations on the considerations to bear in mind when engaging digital forensics experts.

Işık leads IMD’s Cybersecurity for Managers program, which helps businesses develop an action plan to identify, prepare for, and respond to emerging and imminent cyber threats.

A computer scientist by training, Işık’s work before joining IMD in 2020 focused on business intelligence, analytics, and technology and business process management. She was previously Assistant Professor of Information Systems Management at Vlerick Business School in Belgium and taught information systems courses at the University of North Texas and Istanbul Bilgi University. 

Selected publications

Grassroots business intelligence as an enabler of change management: A case study at a large global manufacturing firm (Complex Systems Informatics and Modeling Quarterly, 2020)

Big data capabilities: an organizational information processing perspective (Analytics and Data Science, 2018)

How system quality influences mobile BI use: The mediating role of engagement (International Journal of Information Management, 2016)

Unlocking the potential of the process perspective in business transformation (International Conference on Business Process Management, 2016)

Repositioning business process management: Exploring key capabilities for successful business transformation (BPTrends, 2016)

Recognition

Named on the Thinkers50 Radar list of management thought leaders to watch in the year ahead (2022)

Named as one of Switzerland’s Digital Shapers by Bilanz, Handelszeitung, Le Temps, and Digitalswitzerland (2021)

Education

BSc (Computer Science and Mathematics)

Istanbul Bilgi University

MBA

Istanbul Bilgi University

PhD

University of North Texas

Arturo Bris (www.arturobris.org) ranks among the top one hundred most read finance academics in the world. He is the author of several books, a frequent speaker at international conferences, and appears regularly on international media outlets. He also leads the world-renowned IMD World Competitiveness Center (WCC) and is an award-winning teacher and program director.

His work has been published in the Journal of Finance, the Journal of Financial Economics, the Review of Financial Studies, the Journal of Legal Studies and the Journal of Business, and he has had articles published in the Financial Times, Wall Street Journal, and Handelsblatt among others.

His areas of expertise include corporate finance, corporate governance, financial regulation, and competitiveness. As Director of the IMD World Competitiveness Center, he works with governments all over the world assessing, measuring, and managing the competitiveness of countries. The WCC produces trusted annual rankings on economies’ competitiveness, and under his leadership it has expanded its coverage by adding new rankings on talent, digital competitiveness, and smart cities.

In addition to leading the Center, Bris conducts research on the relationship between income inequality, social mobility, and competitiveness. His work on the international aspects of financial regulation focuses particularly on the effects of bankruptcy, short sales, insider trading and merger laws. He has also researched and lectured on the effects of the Euro on the corporate sector and the valuation impact of corporate governance changes.

His recent work includes a comprehensive study of 3,692 CEOs from 22 countries from 1991-2019, which found strong evidence that existing studies overestimate the impact of CEOs on the performance of the firms they lead, and an analysis of the outlook for globalization in the post-COVID-19 period.

At IMD he directs the Strategic Finance and Navigating Fintech Innovation and Disruption program. He also previously directed the flagship Advanced Strategic Management program between 2009 and 2013. He has led several custom programs for organizations operating in various industries, with a particular interest in the financial sector, and has extensive consulting experience with countries from across the world.

Bris' latest book The Right Place: How National Competitiveness Makes or Breaks Companies provides an analysis of countries’ competitive performance, typical mistakes that countries make, and the pillars necessary to build a truly competitive economy. He also co-authored Flex or Fail: The Future of Work and Pay and Sixteen Shades of Smart: How Cities Can Shape Their Own Future in 2019, and Blockchange!: How to Survive the Crypto Economy in 2018.

Bris is a member of the Strategic Committee of Debiopharm Investment and the International Advisory Council of the Wealth Management Institute in Singapore, and is academic advisor to the Blue Whale Foundation, a decentralized ecosystem enabling the self-employed to thrive by capturing a fair share of the value they create. He also serves as a member of the International Advisory Board of CENTRUM Graduate Business School in Peru, and of the Supervisory Board of the Kyiv International Economic Forum. He is also a research associate of the European Corporate Governance Institute and a research fellow of the Yale International Institute for Corporate Governance.

Prior to joining IMD in 2005, he was the Robert B & Candice J. Haas Associate Professor of Corporate Finance at the Yale School of Management.

Selected publications

The euro and corporate financing before the crisis (Journal of Financial Economics, 2014)

The euro and corporate valuations (Review of Financial Studies, 2009)

The value of investor protection: Firm evidence from cross-border mergers (Review of Financial Studies, 2008)

Good stewards, cheap talkers, or family men? The impact of mutual fund closures on fund managers, flows, fees, and performance (Review of Financial Studies, 2007)

Efficiency and the bear: Short sales and markets around the world (Journal of Finance, 2007)

The costs of bankrupty: Chapter 7 liquidations versus Chapter 11 reorganization (Journal of Finance, 2006)

The real effects of the euro: Evidence from corporate investments (Review of Finance, 2006)

The optimal concentration of creditors (Journal of Finance, 2005)

Who should pay for bankruptcy costs? (Journal of Legal Studies, 2005)

Corporate financial policies and performance around currency crises (Journal of Business, 2004)

Corporate leverage and currency crisis (Journal of Financial Economics, 2002)

Recognition

European Financial Management Best Paper Award (2006)

China International Conference in Finance Best Paper Award (2005)

Jaime Fernández de Araoz Corporate Finance Award (2005)

Yale School of Management Alumni Association Teaching Award (2001 and 2003)

FMA European Conference Best Paper Award (2001)

Education

BSc (Law and Economics)

Universidad Autónoma de Madrid

MSc (Financial and Monetary Studies)

CEMFI, Madrid

PhD (Management)

INSEAD

Patrick Reinmoeller is Professor of Strategy and Innovation at IMD. His teaching, research, and consulting focus on strategic leadership and innovation.

He has led public programs on breakthrough strategic thinking and strategic leadership for senior executives, and custom programs for leading multinationals in fast moving consumer goods, telecommunications, pharmaceuticals, healthcare, and energy on developing strategic priorities, implementing strategic initiatives and managing change. More recently, his work has focused on helping senior executives and company leaders to build capabilities to set and drive strategic priorities.

In addition to his work with multinational companies, he is currently an angel investor and non-executive director of a start-up. Inspired by his work with companies all over the world, such as IKEA, Toyota, Dimension Data, United Nations and Sense Worldwide, he has written numerous case studies and developed simulations on the topic of top teams and decision making.

Patrick studied in Germany, Italy and Japan. After the PhD at the University of Cologne and a post doc period at Hitotsubashi University, Tokyo, he worked as an Assistant Professor at the Japan Advanced Institute of Technology. As Associate Professor at Rotterdam School of Management, Erasmus University and Professor at Cranfield School of Management, Patrick taught executives around the world.

He served as visiting professor and guest lecturer at Cranfield University (UK), Erasmus University (NL), EMLyon (France), University of Pretoria (South Africa), Hitotsubashi University (Japan), and LIUC (Italy). Patrick is a member of the editorial board of the Academy of Management Discoveries, European Management Journal and Strategic Organization. Reviewing for the Academy of Management Review, Organization Science, Organization Studies, MIT Sloan Management, Journal of Management Studies, and other leading journals, he has won multiple reviewer awards of the Academy of Management and the Strategic Management Society. Patrick has also published books on strategic management and competitiveness, strategy development and implementation, innovation and design strategies. His academic articles have appeared in leading journals such as the Academy of Management Journal, Asia Pacific Journal of Management, British Journal of Management, European Management Journal, MIT Sloan Management Review, Organization Studies and Strategic Organization. Patrick was educated in Germany, Italy and Japan. Patrick’s working languages are Dutch, English, German, Italian, and Japanese.

Dr Leleux is the Stephan Schmidheiny Professor of Entrepreneurship and Finance at IMD in Lausanne (Switzerland), where he was also director of the MBA program (2006-2008) and director of Research and Development (2004-2008). He is currently the co-Director of Foundations for Business Leadership (FBL).

He was previously Visiting Professor of Entrepreneurship at INSEAD and Director of the 3i VentureLab and Associate Professor and Zubillaga Chair in Finance and Entrepreneurship at Babson College, Wellesley, MA (USA) from 1994 to 1999. He obtained his PhD at INSEAD, specializing in Corporate Finance and Venture Capital.

He is the author of "Winning Sustainability Strategies: finding purpose, driving innovation and executing change" published in 2019 by Palgrave Macmillan, “Private Equity 4.0: Reinventing Value Creation” (Wiley, 2015), “Investing Private Capital in Emerging and Frontier Market SMEs” (IFC, 2009), “Nurturing Science-Based Startups: An International Case Perspective” (Springer Verlag, 2008), “From Microfinance to Small Business Finance” (Palgrave Macmillan, 2007), and “A European Casebook on Entrepreneurship and New Ventures” (Prentice Hall, 1996). His teaching cases have earned more than 20 European case writing awards and he has been ranked #19 in the Case Center’s top-40 best-selling case authors for 2018/19.

Prior to his academic career, he was the head of corporate venturing for a leading agribusiness conglomerate in South East Asia. Dr Leleux earned a M.Sc. in Agricultural Engineering and a M.Ed. in Natural Sciences from the Catholic University of Louvain (Belgium) and an MBA from Virginia Tech (USA)

Salvatore Cantale is Professor of Finance at IMD. His major research and consulting interests are in value creation, valuation, and the way in which corporations structure liabilities and choose financing options. Additionally, he is interested in the relation between finance and leadership, and in the leadership role of the finance function.

He has published in international double-refereed journals. One of his research papers, "Bank Capital Requirements and Managerial Self-Interests," was nominated for an Outstanding Paper Award at the Southern Finance Association.

Before joining IMD, Salvatore was an analyst with a large investment bank in London, Faculty Director of the Master in Finance and Master in Risk Management at Tulane University's A.B. Freeman School of Business, a member of the Yale International Institute for Finance, and a Research Fellow at New York University. He currently serves as advisor on the Board of the Goldring Institute of International Business at Tulane University.

Salvatore holds a BA in Economics and Finance from Universita' di Catania, Italy, a Master's Degree in Management and a PhD in Finance from INSEAD.

Vanina Farber is an award-winning economist and political scientist who specializes in social innovation and the mobilization of private capital for impact investing. Her research focuses on innovative, practical, sustainable, and inclusive market-oriented approaches that have the potential to change the world by eliminating the root causes of social ills. She is particularly interested in social innovation, social entrepreneurship, impact investing, sustainable finance and ESG, and applies a gender lens in all her research projects.

A key element of her work is to explore how the private sector can embed the idea of impact in the investment decision making process, particularly in relation to risk-adjusted return calculations and resource allocation. She seeks to understand the social innovation landscape through a holistic approach that examines both the supply of and demand for social innovation initiatives.

At IMD, she leads the elea Center for Social Innovation which is carrying out important research in this area. Among other topics, the Center is looking at how the private sector can deploy capital at scale for investments in projects with real social impact, and how private, public sector and philanthropic investors can collaborate effectively.

The Center was created by a donation from the family of Peter Wuffli with the aim of inspiring leaders in business, government, and civil society to create social innovation in their respective areas of responsibility.

In 2020, Farber co-authored the book The elea Way: A Learning Journey towards Sustainable Impact, with Peter Wuffli, the Founder and Chairman of the elea Foundation for Ethics and Globalization. The book summarizes insights from the foundation’s 15-year journey and is aimed at entrepreneurs, investors, executives, philanthropists, policymakers, and anyone curious about entrepreneurship and inclusive capitalism. Using real-life examples, it includes suggestions on how to lead impact enterprises in such areas as developing strategies, plans and models, building effective teams and organizations, managing resources, and handling crises.

Farber’s work involves collaboration with a range of financial institutions and corporate clients, and in 2022 she will launch IMD’s Driving Innovative Finance for Impact open program in partnership with the International Committee of the Red Cross, Lombard Odier, and the World Economic Forum. She also plays an active part in the Swiss Lab for Sustainable Finance and Gender Lens Initiative for Switzerland research networks, and is an advisory board member at the Impact Finance Forum and an international academic advisory board member at the Católica Porto Business School in Portugal.

She also teaches courses on impact investing in IMD’s MBA and Executive MBA programs and leads the pioneering Discovery Expedition to Peru for EMBA participants, where they perform due diligence on Peruvian social enterprises for Swiss and local impact investors.

Farber was named Outstanding Case Writer in the 2022 Case Centre Awards for her study on pay-as-you-go technology company Angaza. She has also been recognized as winner of the EFMD Case Writing Competition 2022 in two categories: African Business for Angaza, and Responsible Leadership for Nia Impact Capital. She also won the responsible leadership category in the 2019 EFMD Case Writing Competition for her case on Philip Morris International's vision of a smoke-free future.

Prior to joining IMD in 2018, Farber was Professor and Chair of Sustainable Entrepreneurship and Social Inclusion at Universidad del Pacífico, Peru. In January 2022 she was appointed as the fifth Dean of the IMD EMBA program.

Selected publications

Defining and conceptualizing impact investing: Attractive nuisance or catalyst? (Journal of Business Ethics, 2022 forthcoming)

Gender and entrepreneurial propensity: Risk-taking and prosocial preferences in labour market entry decisions (Social Enterprise Journal, 2021)

The elea Way: A Learning Journey Toward Sustainable Impact (Routledge, 2020)

Will Covid-19 pave the way for more business responsibility? Evidence from Switzerland (Enterprise for Society Center, 2020)

In Alain Gibb's footsteps: Evaluating alternative approaches to sustainable enterprise education (International Journal of Management Education, 2016)

Recognition

Winner of the Case Centre Outstanding Case Writer Competition (2022)

Global Business School Network Going Beyond Award finalist (2021)

Winner of EFMD Case Writing Competition Awards (2019 and 2022)

Education

Bachelor's degree (Political Science)

University of Buenos Aires

MA (Economics)

University of Memphis

Frédéric Dalsace is a Professor of Marketing and Strategy at IMD. Prior to that, he spent 16 years as a Professor at HEC Paris, where he held the Social Business / Enterprise and Poverty Chair presided by Nobel Laureate Prof. Muhammad Yunus. Prior to his academic life, Frédéric accumulated more than 10 years of experience in the business world, both with industrial companies (Michelin and CarnaudMetalbox), and as a strategy consultant with McKinsey & Company.

He has worked with more than 40 multinational firms in many sectors, such as Porsche, Traton (VW Truck & Bus), Lafarge-Holcim, Colas, Dassault, Renault, Rabobank, Santander, Orange, Bouygues, Atos and others.

His research covers two areas. The first part focuses on inter-organizational (B2B) issues such as customer-centricity, buyer-seller relationships and value management. Frédéric also has been doing research on the role of firms in alleviating poverty and developing inclusive business models, both in rich countries and at the BOP (Bottom of the Pyramid). He has published in academic journals such as the Strategic Management Journal, Harvard Business Review, Revue Française de Gestion and Business Horizons. His thesis work received the ISBM (Institute for the Study of Business Markets) 2000 Award, and he was awarded the HEC Foundation Prize for the best research piece published by the HEC Faculty in 2004, and the Best Article Prize published by Business Horizons in 2017.

Frédéric is an alumnus from HEC Paris, holds an MBA from the Harvard Business School, and both an MSc and a PhD in Management from INSEAD.

Ralf Boscheck is Professor of Economics and Business Policy. His areas of special interest are industry and competition analysis, regulation and competition policy with a particular focus on energy, healthcare/pharmaceuticals and agrobusiness.

Professor Boscheck advises companies in the formulation of business unit and corporate strategies and consults with international organizations and governments on issues of market liberalization and industrial strategy. His research has appeared in academic and practitioner-oriented journals as well as in books with difo, Routledge, Plagrave-Macmillan and Cambridge University Press. He is currently a member of the editorial board of “World Competition – Law & Economics Review” as well as the “International Journal of Energy Sector Management”.

Before joining IMD in 1990, Ralf Boscheck was a fellow at the Swiss Institute for International Economics (SIASR) at Harvard University, Department of Economics and a consultant with Monitor Company. Upon completing his undergraduate education in political science and economics at the Central University of Iowa and the Philipps Universität, Marburg, Germany, Professor Boscheck received an MA in public policy from Georgetown University, Washington DC and an MBA in finance and industrial economics from the Katholieke Universiteit Leuven, Belgium. He completed a doctorate and a habilitation in the department of economics at the St. Gallen Graduate School of Economics, Business and Law, Switzerland.

Ralf Boscheck directed the Managing Corporate Resources/MCR, now the Advanced Management Program/AMP program (2000 – 2006), IMD’s most senior leadership program, Breakthrough Program for Senior Executives (2011-2013), and was Dean of the MBA program (2014 – 2017).

Howard Yu is the LEGO® Professor of Management and Innovation at IMD. 

He is the author of the award-winning book LEAP: How to Thrive in a World Where Everything Can Be Copied. 

In 2015, Professor Yu was selected by Poets&Quants as one of "The World's Top 40 Business Professors Under 40," and in 2018 he appeared on the Thinkers50 Radar list of thirty management thinkers "most likely to shape the future of how organizations are managed and led." 

He is also a two-times (2013-2015) prize-winning case writer awarded by the European Foundation for Management Development (EFMD) - Europe's largest network association in the field of management development, with more than eight hundred member organizations. In 2017, Yu was awarded for his work in the "outstanding case writer on the hot topic Big Data - Risks and Opportunities" category at the Case Centre Awards, which are called the business school Oscars by the Financial Times. 

He delivers customized training programs at IMD for major global companies in Asia and Europe including China's TravelSky, China Resources, COFCO, and Tencent; Japan's Nitto and Recruit Holdings; Singapore's Temasek, ASML, Daimler, Bosch, Electrolux, LEGO, Sanofi, and Novartis. 

Professor Yu is a Hong Kong native with a doctoral degree in management from Harvard Business School. Prior to his doctorate, he worked in the Hong Kong banking industry.

Arnaud Chevallier helps executives solve complex problems and make better decisions under uncertainty. His research, teaching and consulting draw on empirical findings from diverse disciplines to provide concrete tools that prepare executives to manage the strategic challenges they face in today’s dynamic global marketplace.

Effective problem solvers are T-shaped – they are both generalists and specialists, combining depth and breadth of knowledge. Although traditional education and training cultivate specialist skills, they pay much less attention to the acquisition of generalist skills, including strategic thinking. Executives can use Chevallier’s tools to improve on the breadth dimension.

His initial 2016 book Strategic Thinking in Complex Problem Solving, published by Oxford University Press, is now followed by his latest title, Solvable: A Simple Solution to Complex Problems, co-authored with Albrecht Enders. This book synthesizes the strategic thinking needed for complex problem solving into a simple three-step process: frame, explore, decide. It also shows practitioners how to follow these steps using highly applicable, concrete tools.

He has helped numerous organizations to identify breakthrough solutions to complex problems, including Shell, SAP, Lenovo, Cisco, Novo Nordisk, Statkraft and the United Nations. He recently helped the International Committee of the Red Cross identify innovative funding sources and assisted Gavi the Vaccine Alliance in its drive to have greater impact. He also helped Swiss company Agathon to make decisions under high uncertainty during the early stages of the COVID-19 pandemic, and supported Tetra Pak in improving its decision-making processes through the optimal engagement of stakeholders.

At IMD he is Director of the Global Management Foundations (GMF) program and the Master of Science in Sustainable Management and Technology (SMT) program offered jointly by IMD, the École polytechnique fédérale de Lausanne (EPFL), and the University of Lausanne. He is also Co-Director of IMD’s Complex Problem Solving (CPS) program.

Before joining IMD in 2018, Chevallier served as Associate Vice Provost for Academic Affairs at Rice University in Houston, Texas, where he taught strategic thinking in the engineering school. He was previously graduate dean of the University of Monterrey in Mexico, teaching engineering and business. He trained in mechanical engineering and his PhD from Rice focused on nonlinear stochastic mechanics. He then worked in Accenture’s strategy and business architecture division before joining academia.

Selected publications

Don’t let the AI hype undermine good decision making (Management and Business Review, 2022 forthcoming)

Solvable: A Simple Solution to Complex Problems (Pearson, 2022 forthcoming)

Strategic Thinking in Complex Problem Solving (Oxford University Press, 2016)

Oil and gas well drilling: A vibrations perspective (The Shock and Vibration Digest, 2003)

Nonlinear stochastic drill-string vibrations (The Journal of Vibration and Acoustics, 2002)

Education

BS (Mechanical Engineering)

Université de Versailles Saint-Quentin-en-Yvelines

MS (Mechanical Engineering)

Université de Versailles Saint-Quentin-en-Yvelines

MS (Mechanical Engineering)

Rice University

PhD (Mechanical Engineering)

Rice University

Frédéric Dalsace is a Professor of Marketing and Strategy at IMD. Prior to that, he spent 16 years as a Professor at HEC Paris, where he held the Social Business / Enterprise and Poverty Chair presided by Nobel Laureate Prof. Muhammad Yunus. Prior to his academic life, Frédéric accumulated more than 10 years of experience in the business world, both with industrial companies (Michelin and CarnaudMetalbox), and as a strategy consultant with McKinsey & Company.

He has worked with more than 40 multinational firms in many sectors, such as Porsche, Traton (VW Truck & Bus), Lafarge-Holcim, Colas, Dassault, Renault, Rabobank, Santander, Orange, Bouygues, Atos and others.

His research covers two areas. The first part focuses on inter-organizational (B2B) issues such as customer-centricity, buyer-seller relationships and value management. Frédéric also has been doing research on the role of firms in alleviating poverty and developing inclusive business models, both in rich countries and at the BOP (Bottom of the Pyramid). He has published in academic journals such as the Strategic Management Journal, Harvard Business Review, Revue Française de Gestion and Business Horizons. His thesis work received the ISBM (Institute for the Study of Business Markets) 2000 Award, and he was awarded the HEC Foundation Prize for the best research piece published by the HEC Faculty in 2004, and the Best Article Prize published by Business Horizons in 2017.

Frédéric is an alumnus from HEC Paris, holds an MBA from the Harvard Business School, and both an MSc and a PhD in Management from INSEAD.

Goutam Challagalla, Professor of Strategy and Marketing, focuses on how digital advances and sustainability concerns are impacting companies' business strategies and approaches to marketing. Having helped companies to rethink their business models and build new capabilities in the face of the digital revolution, he is now helping to integrate into their strategy sustainability related challenges and opportunities.

Challagalla's teaching, consulting and research highlight the different challenges facing companies as a result of digital and sustainability transformations. While digital advances require the development of new business models in order to become more effective or efficient, taking on sustainability goals means that organizations have to rethink their whole raison d'être and their relationship with all stakeholders.

He is therefore well placed to help companies prepare for further acceleration in digital and sustainability transformations in the post-pandemic world, particularly by designing strategies that are resilient for today and tomorrow. His research shows how digital breakthroughs can derail businesses, as well as the steps they can take to protect themselves and leverage digital technologies for gain. It also provides insights on ways in which firms can exploit purpose and digital advances to drive sustainability priorities, on brand strategies for sustainability, customer centricity, and how to design and lead the modern sales organization in the wake of COVID-19.

He is currently working on a book on digital pathways for value creation, which examines six ways in which companies can use digital advances to drive customer value and loyalty. The book is due to be published later in 2022 or in early 2023.

His research has been published in top marketing and management journals including the Journal of Marketing, Journal of Marketing Research, Management Science, Strategic Management Journal, and the Journal of Applied Psychology, with a paper in Harvard Business Review forthcoming. He also served on the editorial review boards of the Journal of Marketing and Journal of Personal Selling & Sales Management.

Challagalla has led programs on strategy and marketing issues for clients from a wide range of B2B and B2C industries, including AT&T, Bangkok Bank, Beiersdorf, Cargill, GE, Grundfos, Kone, Novo Nordisk, Pfizer, Reckitt, Tetra Pak, Turner Broadcasting and Zurich Insurance Group.

At IMD, he is Director of the Advanced Management Program (AMP), the Digital Marketing Strategies program (DMS) and Strategy Governance for Boards program. And until recently he ran an annual event for Chief Marketing Officers, which was attended by the CMOs of firms from across Europe (e.g. Tetra Pak, Dow, IBM Europe).

Before joining IMD in 2015, Challagalla served for 20 years as a marketing professor at the Georgia Institute of Technology (Georgia Tech) in Atlanta, where he was Associate Dean for Executive Education and head of the marketing department. He also worked as Principal at The Monitor Group, a strategy and marketing consulting company.

Selected publications

The joint and multilevel effects of training and incentives from upstream manufacturers on downstream salespeople's efforts (Journal of Marketing Research, 2020)

The online challengers threatening to disrupt the disrupters (Financial Times, 2020) How Coke, Apple and others use marketing doctrine (Forbes India, 2015)

Marketing doctrine: A principles-based approach to guiding marketing decision making in firms (Journal of Marketing, 2014)

Implementing changes in marketing strategy: The role of perceived outcome and process-oriented supervisory actions (Journal of Marketing Research, 2012)

Proactive postsales service: When and why does it pay off? (Journal of Marketing, 2009)

Awards

Outstanding Dissertation Award at UT-Austin (1994) Decision Sciences Institute Best Paper Award (2006)

American Marketing Association Best Services Paper award (2010) Maynard Award for best paper in Journal of Marketing (2015)

Education

After graduating from Osmania University in Hyderabad, India, Challagalla earned an MBA at Arizona State University and a PhD at the University of Texas in Austin.

Amit Joshi, Professor of AI, Analytics and Marketing Strategy at IMD, specializes in helping organizations use artificial intelligence and develop their big data, analytics and AI capabilities. An award-winning professor and researcher, he has extensive experience of AI and analytics-driven transformations in industries such as banking, fintech, retail, automotive, telecoms, and pharma.

Joshi believes that no organization's digital transformation is complete until they really understand their data and how to upscale their analytical capabilities. He is currently focusing on how organizations can ensure that AI implementation occurs strategically and at scale rather than in small islands of excellence.

He has delivered customized programs for several companies including UBS, Sonova, Johnson & Johnson, Guardian Life, Mars Petcare, Securitas, Bank Danamon, Bayer, Ooredoo, Siam Commercial Bank, Abu Dhabi School of Governance, Hanover RE, and Migros. He also advises start-ups on their strategies.

At IMD, he is Director of the Digital Excellence Diploma and the Digital Analytics (DA) open program. He is also Co-Director of the Artificial Intelligence (AI) and the Digital Strategy and Analytics (DSA) programs.

Joshi’s research, which focuses on long-run marketing strategy, analytics, and AI applications, has been published in top journals, including the Journal of Marketing, Marketing Science, Journal of Consumer Culture, the Journal of the Academy of Marketing Science, Harvard Business Review and MIT Sloan Management Review. He has twice won the MSI/H. Paul Root Award for the best paper in the Journal of Marketing and the Robert D. Buzzell Best Paper Award for the Marketing Science Institute publication with the most long-term impact.

His work and thought leadership have frequently been cited in the media and have been covered by outlets including NPR, CNN, NBC, Nikkei, the Financial Times, Fast Company, Business Standard, Fox News, Bloomberg, Forbes, Le Temps, Investor Relations Magazine, The Conversation, and Science Daily. He is frequently invited to give keynote speeches and led a panel discussion with marketing experts at the World Economic Forum in Davos in 2020.

Before joining IMD in 2017, Joshi was in academia in the US and prior to that worked as a sales manager at Cadbury India, now part of the Mondelez International group.

Selected publications

6 principles to build your company’s strategic agility (Harvard Business Review, 2021)

The building blocks of an AI strategy (MIT Sloan Management Review, 2020)

How intelligent is your AI? (MIT Sloan Management Review, 2020)

How CEO/CMO characteristics affect innovation and stock returns: findings and future directions (Journal of the Academy of Marketing Science, 2020)

A meta-analysis of electronic WOM elasticity (Journal of Marketing, 2015)

The direct and indirect effects of advertising spending on firm value (Journal of Marketing, 2010)

Advertising spending and market capitalization (Marketing Science Institute, 2004)

Recognition

Named as one of Switzerland's Digital Shapers by Bilanz, Handelszeitung, Le Temps and Digitalswitzerland (2020)

Winner of EFMD Case Writing Competition (2019)

MSI/H. Paul Root Award for best paper in Journal of Marketing (2015 and 2010)

Marketing Science Institute Robert D. Buzzell Best Paper Award (2006)

Education

Bachelor’s in Mechanical Engineering

University of Pune

Post Graduate Diploma in Management

Indian Institute of Management

PhD in Management

UCLA Anderson School of Management

Karl Schmedders' research and teaching currently focuses on sustainability and the economics of climate change. He is therefore able to provide key insights on the transition risk arising from the shift to a greener economy and help companies face up to the challenges of potential asset degradation and increasing carbon prices.

He says finance and economics offer many tools to combat climate change, and the power of incentives and markets can be employed to make progress, and argues that businesses and consumers need to take a leading role in the search for solutions to the climate crisis, and not just wait for governments and policy makers to introduce climate change mitigation and adaptation measures.

Schmedders is passionate about the importance of a "just transition" in which no one loses out as a result of action to tackle climate change. He believes that more attention needs to be paid to the S and G elements of the ESG (environmental, social and governance) equation, to ensure that action on the environmental component does not adversely affect poor people and those living in developing countries. In his view, humanity will fail in its fight against climate change and global warming if it does not also address inequality and ensure a just transition.

His expertise in computational methods in finance means that he is able to apply numerical solution techniques to complex economic and financial models and shed light on a range of topical market issues and industry problems for organizations. He was Director of IMD’s custom program for Malaysian bank Maybank and has worked with a range of clients such as ABB, Airbus, Eneva, Evonik, Orkla and Julius Bär.

He is also Director of IMD’s new online certification course for structured investment products in partnership with Swiss company Leonteq, teaches in the Advanced Management Concepts (AMC) and Executive MBA programs, and is an advisor on International Consulting Projects in the MBA program.

He has published numerous research articles in international academic journals such as Econometrica, Review of Economic Studies, Journal of Financial Economics, Journal of Finance, Review of Financial Studies, Management Science and Operations Research.

Before joining IMD in 2019, Schmedders was Professor of Quantitative Business Administration at the University in Zurich and Associate Professor of Managerial Economics and Decision Sciences at the Kellogg School of Management at Northwestern University in Evanston, Illinois. He received his PhD from Stanford University and received several teaching awards from both Stanford and Kellogg.

He remains a Visiting Professor of Executive MBA Education at Kellogg School of Management and is a board member of Swiss firms LPX Group and SYLVA AG. He is also a fellow of the Game Theory Society.

Selected publications

A large-scale optimization model for replicating portfolios in the life insurance industry (Operations Research, 2021)

Asset pricing with heterogeneous agents and long-run risk (Journal of Financial Economics, 2021)

What managers need to know about data exchanges (MIT Sloan Management Review, 2020)

Higher-order effects in asset-pricing models with long-run risk (Journal of Finance, 2018)

Optimal and naive diversification in currency markets (Management Science, 2017)

A polynomial optimization approach to principal agent problems (Econometrica, 2015)

Bond ladders and optimal portfolios (Review of Financial Studies, 2011)

On price caps under uncertainty (Review of Economic Studies, 2007)

Recognition

Kellogg-HKUST EMBA program Best Faculty Award (2017)

Kellogg-WHU EMBA program Best Teacher Award (2008, 2009, 2011-2015, 2017, 2019)

Rochester-Bern EMBA program Superior Teaching Award (2014 and 2016)

Kellogg-Recanati EMBA program Best Teacher Award (2014)

Kellogg EMBA program Outstanding Professor Award (2009, 2011-2013, 2015)

WHU Koblenz Best Teacher Award (2002-2004)

L.G. Lavengood Professor of the Year, Kellogg School of Management (2002)

Walter J. Gores Award, Stanford University (1996)

Education

MS (Operations Research)

Stanford University

PhD (Operations Research)

Stanford University

Jennifer Jordan is a social psychologist and is Professor of Leadership and Organizational Behaviour at IMD.

Professor Jordan's teaching, research, and consulting focus on the areas of digital leadership, ethics, influence, and power. Professor Jordan has received specialized training and certifications in lie- and truthfulness-detection, as well as in conflict resolution within organizations.

Her work in these areas has appeared in several scientific journals including Administrative Science Quarterly, Organizational Behavior and Human Decision Processes, Journal of Management, Business Ethics Quarterly, Journal of Business Ethics, Psychological Science, Personality and Social Psychology Bulletin, Journal of Applied Social Psychology, and Journal of Experimental Social Psychology. She was also a contributor to the books, Leadership at the Crossroads: Psychology and Leadership and The Handbook of Organizational and Managerial Wisdom, as well as an editor of one of the seminal scientific books on wisdom, Handbook of Wisdom: Psychological Perspectives. Her work has been mentioned in mainstream publications from The New York Times to De Volkskrant (Netherlands).

Prior to joining IMD, Professor Jordan was an Associate Professor and Rosalind Franklin Fellow at the University of Groningen in The Netherlands and a post-doctoral fellow at the Kellogg School of Management and Tuck School of Business in the United States.

Professor Jordan also served as a visiting scholar at the Max Planck Institute for Human Development in Berlin, Germany. Professor Jordan received her doctoral degree and two masters degrees (Masters of Philosophy and Masters of Science in Psychology) from Yale University (United States). She is a member of the editorial board of the journals Leadership Quarterly and Organizational Behavior and Human Decision Processes.