IMD business school for management and leadership courses
Latest awards & honors
Article
Social Innovation
Stakeholder governance for responsible innovation: A theory of value creation, appropriation, and distribution
In the face of intractable societal grand challenges, organizations increasingly resort to responsible innovation – that is, they pledge to create value for multiple stakeholders through developing new products or services that avoid doing harm and improve conditions for people and the planet. While the link between responsible innovation and so…
Journal of Management Studies 2022 Best Paper Award
Stakeholder governance for responsible innovation: A theory of value creation, appropriation, and distribution
Summary
In the face of intractable societal grand challenges, organizations increasingly resort to responsible innovation – that is, they pledge to create value for multiple stakeholders through developing new products or services that avoid doing harm and improve conditions for people and the planet. While the link between responsible innovation and so…
Journal of Management Studies 2022 Best Paper Award
Contact
Research Information & Knowledge Hub for additional information on IMD publications
Case Study
Sustainability
Diversity and Equity and Inclusion
OCP: Liberating energy to create sustainable growth
The case focuses on the transformation of OCP, a state-owned monopoly that mined and exploited Morocco’s phosphate reserves. By 2021 it had become an organization with a mission to contribute to the sustainability of food security as the custodians of 70% of the world’s phosphate reserves. Phosphate is one of three vital ingredients in fertilize…
The Case Hub at Suliman S. Olayan School of Business Annual Case Writing Competition – First Place
Article
Family Business
Sustainability
Leadership
Women can help family firms innovate – but socioemotional factors matter
Around Europe and elsewhere, the number of women in leadership roles is going up, and they are having a measurable impact on innovation and profits. Many researchers have found that having more women in top management, such as boards of directors, can increase innovation. Women can offer different perspectives than men and contribute to top mana…
2023 Schulze Publication Award
Women can help family firms innovate – but socioemotional factors matter
Summary
Around Europe and elsewhere, the number of women in leadership roles is going up, and they are having a measurable impact on innovation and profits. Many researchers have found that having more women in top management, such as boards of directors, can increase innovation. Women can offer different perspectives than men and contribute to top mana…
2023 Schulze Publication Award
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Research Information & Knowledge Hub for additional information on IMD publications
Article
Family Business
Strategy
Using family history for competitive advantage
Family businesses often have dense histories interweaving both the family and the business and involving more than just the past. Our recent study (Ge, De Massis & Kotlar, 2022), shows that family businesses, even new ones where past generations are not involved, can use the family’s past to create competitive advantages in the present. The key …
2023 Schulze Publication Award
Using family history for competitive advantage
Summary
Family businesses often have dense histories interweaving both the family and the business and involving more than just the past. Our recent study (Ge, De Massis & Kotlar, 2022), shows that family businesses, even new ones where past generations are not involved, can use the family’s past to create competitive advantages in the present. The key …
2023 Schulze Publication Award
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Research Information & Knowledge Hub for additional information on IMD publications
Article
Family Business
Generations in family business: A multifield review and future research agenda
The concept of generations has become increasingly important in the social science fields to explain diverse phenomena affecting organizations. This is especially true in the family business field where generations are considered a constitutive element. Nevertheless, there is still a limited understanding of generations and the implications of t…
Honorable mention for the 2023 Family Business Review Best Article Award
Generations in family business: A multifield review and future research agenda
Summary
The concept of generations has become increasingly important in the social science fields to explain diverse phenomena affecting organizations. This is especially true in the family business field where generations are considered a constitutive element. Nevertheless, there is still a limited understanding of generations and the implications of t…
Honorable mention for the 2023 Family Business Review Best Article Award
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Report
Organizational Learning
Organizational Transformation
The LEGO Group & IMD: Building the leadership playground
In 2017, the LEGO Group’s sales had stalled after more than a decade of strong growth. The challenging external retail environment was expected to continue. Internally there was stagnation stemming from a weakened innovation drive and lack
of focused delivery. Something had to change: The 90-year-old family-owned business needed to empower its …
EFMD Excellence in Practice 2023 Gold Award
Academic publications
Article
Emotion Management
Family Business
Emotions in the strategic management of family business organizations: Opening up the black box
Emotions play a crucial role in the strategic management of family business organizations (FBOs). Yet, they are commonly treated as a black box, and we have a limited understanding of their antecedents, and the processes and mechanisms through which they develop and unfold in FBOs, ultimately leading to strategic outcomes. This paper opens the b…
Emotions in the strategic management of family business organizations: Opening up the black box
Summary
Emotions play a crucial role in the strategic management of family business organizations (FBOs). Yet, they are commonly treated as a black box, and we have a limited understanding of their antecedents, and the processes and mechanisms through which they develop and unfold in FBOs, ultimately leading to strategic outcomes. This paper opens the b…
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Article
General Management
Strategy
A machine learning-based framework for forecasting sales of new products with short life cycles using deep neural networks
Demand forecasting is becoming increasingly important as firms launch new products with short life cycles more frequently. This paper provides a framework based on state-of-the-art techniques that enables firms to use quantitative methods to forecast sales of newly launched, short-lived products that are similar to previous products when there i…
A machine learning-based framework for forecasting sales of new products with short life cycles using deep neural networks
Summary
Demand forecasting is becoming increasingly important as firms launch new products with short life cycles more frequently. This paper provides a framework based on state-of-the-art techniques that enables firms to use quantitative methods to forecast sales of newly launched, short-lived products that are similar to previous products when there i…
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Article
Politics
Global Business
Politically connected EMNCs in a (de)globalising world: A review and future research directions
Emerging market multinational corporations (EMNCs) have emerged as significant global players, driven by their home country political connections that present both opportunities and challenges. Despite the insights gained from current studies, we still lack a clear conceptualisation of diverse political connections and the distinctiveness of pol…
Politically connected EMNCs in a (de)globalising world: A review and future research directions
Summary
Emerging market multinational corporations (EMNCs) have emerged as significant global players, driven by their home country political connections that present both opportunities and challenges. Despite the insights gained from current studies, we still lack a clear conceptualisation of diverse political connections and the distinctiveness of pol…
Contact
Research Information & Knowledge Hub for additional information on IMD publications
Article
General Management
Ethics
Corporate Governance
Managerial short-termism and corporate social performance: The moderating role of external monitoring
While commentators have long decried managerial short-termism, the deleterious effects of managerial short-termism on corporate social performance (CSP), and how to ameliorate those negative effects, remain underexplored. Specifically, due to the difficulty of unobtrusively measuring what is fundamentally a cognition in managers, empirical evide…
Managerial short-termism and corporate social performance: The moderating role of external monitoring
Summary
While commentators have long decried managerial short-termism, the deleterious effects of managerial short-termism on corporate social performance (CSP), and how to ameliorate those negative effects, remain underexplored. Specifically, due to the difficulty of unobtrusively measuring what is fundamentally a cognition in managers, empirical evide…
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Article
Psychology
Emotion Management
Performance Measurement
How feeling misidentified can drive negative attitudes yet increase performance: The role of appraisals
Internal identity asymmetry is the uncomfortable experience of having one’s identity mistaken—feeling being misidentified—by others at work. Through two longitudinal field studies of working individuals, we investigate the consequences of internal identity asymmetry on individuals’ attitudes and work performance. Importantly, we incorporate the …
How feeling misidentified can drive negative attitudes yet increase performance: The role of appraisals
Summary
Internal identity asymmetry is the uncomfortable experience of having one’s identity mistaken—feeling being misidentified—by others at work. Through two longitudinal field studies of working individuals, we investigate the consequences of internal identity asymmetry on individuals’ attitudes and work performance. Importantly, we incorporate the …
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Research Information & Knowledge Hub for additional information on IMD publications
Article
Finance
Pricing
Existence of the wealth-consumption ratio in asset pricing models with recursive preferences
Modern asset pricing models combine recursive preferences with complex dynamics for the underlying consumption process. The existence of solutions is for many of these models an unsettled question. This paper introduces a novel technique to prove existence and nonexistence, as well as uniqueness for models with recursive preferences. The approac…
Existence of the wealth-consumption ratio in asset pricing models with recursive preferences
Summary
Modern asset pricing models combine recursive preferences with complex dynamics for the underlying consumption process. The existence of solutions is for many of these models an unsettled question. This paper introduces a novel technique to prove existence and nonexistence, as well as uniqueness for models with recursive preferences. The approac…
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Case studies
Case Study
Entrepreneurship
Business to Business
Digital
Leadership
Sustainability
Drinkotec: Changing a company, changing a life (C): Dream big or go home
It is now four years later, and Drinkotec is scaling up fast. They’ve had to make some tough decisions in order to focus, have the best people and build the culture that they want, but today, major beverage companies are seeking their technology in order to go packaging-free. This case is about leadership, culture, sustainability and taking the …
Case Study
Entrepreneurship
Business to Business
Digital
Leadership
Sustainability
Drinkotec: Changing a company, changing a life (B): Taking the leap
The deal is closed; Franck-Erik Flegbo and Cyril Le Terrien become the owners of Drinkotec but discover that the existing team doesn’t really have the capabilities or culture to innovate. The Covid-19 pandemic hits, and they discover that their customers need Drinkotec’s help.
Case Study
Entrepreneurship
Business to Business
Digital
Leadership
Sustainability
Drinkotec: Changing a company, changing a life (A): Daring to change
Franck-Erik Flegbo and Cyril Le Terrien were already successful executives in a major multinational when they decided that it was time to dream, and to build their own company, with a culture that delivered performance, created a culture where everyone wanted to work, used the latest technologies, and did its part to save the planet. The opportu…
Case Study
Leadership
General Management
Human Resources
Organizational Behavior
Understanding the impact of schemas, triggers and modes on your leadership
This note introduces the Schema-Trigger-Mode model as a tool to help leaders identify ingrained thought patterns, triggers and coping modes, thus fostering self-awareness and emotional regulation. The model, derived from Schema Therapy, explains the relationships between deeply ingrained thought patterns (schemas), activating situations (trigger…
Case Study
Entrepreneurship
Business to Business
Disruption
Sustainability
Strategy
Green Motion: From entrepreneurial pioneer to multinational powerhouse
Entrepreneur François Randin was successful, but searching for his next venture, wanting to build something sustainable. Suddenly he sees an all-electric sports car and decides to create an electric vehicle (EV) charging station company, even though the number of EVs on the road at the time is minuscule. He starts with software, moves to hardwar…
Case Study
Marketing
General Management
Rituals Cosmetics: Building the world’s leading well-being brand in Asia
Rituals, founded in the Netherlands in 2000 by Raymond Cloosterman, has had double digit growth over the last 15 years. It had taken the European beauty industry by storm, opening two to three stores weekly. At its current pace, Rituals would soon be opening over 150 new shops per year and expanding to new markets on an annual basis. In addition…
Knowledge Hub – I by IMD
Article
Technology Management
Leadership
The 7 foundations of successful AI implementation
Artificial intelligence is creating unprecedented opportunities and challenges for every CEO. While understanding the potential of these advanced technologies is essential, it’s not sufficient.
Article
Supply Chain
Planning as a Service: Short-term gimmick or emerging strategy?
At a supply chain software vendor event this summer in the United States, the CSCO of a major fast-moving consumer goods company declared, almost as an aside, that his company was in the midst of a progressive transfer of baseline demand planning to third-party service providers.
Article
Finance
Empowering unbanked populations: How to increase financial inclusion with community group savings
In Botswana, a group savings and lending project is offering lifelines to the nation’s un- and underbanked. We think this homegrown solution could work well in other African nations, too.
Article
Competitiveness
Global Business
Innovation
What can global business learn from South Korea’s competitiveness?
South Korea’s global champions and its broader economic landscape offer invaluable lessons for leaders worldwide.
Article
Leadership
Team
Culture
Coaching
Coaching the German national soccer team: What’s at stake
A willingness to make unpopular decisions and commit to a clear and bold vision will be needed if the next head coach of the German soccer team is to turn around the national side’s fortunes.
Article
Sustainability
How companies can stabilize the patient called planet Earth
With the Earth well outside the safe operating space for humanity, according to a new report, here’s how companies can take action.
Insights for practitioners
Article
Strategy
Technology Management
Digital
Strategy Implementation
What is AI and what is it to you?
AAuthor and business founder Cindy Candrian’s new book AI & You: A Guide to Understanding How Artificial Intelligence Is Shaping Our Lives is a deep dive into the history and impact of machine learning. IMD’s Professor of Digital Strategy and Cybersecurity Öykü Işık quizzed her on her ideas – and how to maximize AI to make better life and work c…
Article
Technology Management
What makes AI today so much more advanced than its predecessors?
Mike and Amit discuss how AI has moved on from closed applications to solving complex context-less problems
Article
Technology Management
Leadership
The 7 foundations of successful AI implementation
Artificial intelligence is creating unprecedented opportunities and challenges for every CEO. While understanding the potential of these advanced technologies is essential, it’s not sufficient.
Article
Entrepreneurship
Human Resources
Mehta Group’s Chairman Jay Mehta on why people should be at the heart of any business transformation
Since taking over as Chairman of Mehta Group, Jay Mehta has successfully turned the family-owned business around, steering it from the brink of insolvency to becoming a profitable multi-activity enterprise.
Article
Organizational Behavior
Culture
Reconnecting when network ties go dormant
Reviving a professional relationship isn’t as simple as it looks. New research uncovers three key elements for successfully refreshing an inactive tie — and avoiding disastrous missteps. We’ve known for a while that relationships that have fallen into a state of inactivity — or become dormant ties — can be resurrected. As people venture back int…
Reconnecting when network ties go dormant
Summary
Reviving a professional relationship isn’t as simple as it looks. New research uncovers three key elements for successfully refreshing an inactive tie — and avoiding disastrous missteps. We’ve known for a while that relationships that have fallen into a state of inactivity — or become dormant ties — can be resurrected. As people venture back int…
Contact
Research Information & Knowledge Hub for additional information on IMD publications
Article
Supply Chain
Planning as a Service: Short-term gimmick or emerging strategy?
At a supply chain software vendor event this summer in the United States, the CSCO of a major fast-moving consumer goods company declared, almost as an aside, that his company was in the midst of a progressive transfer of baseline demand planning to third-party service providers.
Books
Book
Organizational Behavior
Change Management
Psychology
Changing employee behavior: How to drive performance by bringing out the best in people (2nd edition)
An important part of every manager’s job is changing people’s behavior: improving someone’s performance, helping them better manage relationships with colleagues, or sometimes even stopping them doing something. Yet, despite the fact that changing people’s behavior is such a fundamental skill for managers, there is little in the way of systemati…
Changing employee behavior: How to drive performance by bringing out the best in people (2nd edition)
Summary
An important part of every manager’s job is changing people’s behavior: improving someone’s performance, helping them better manage relationships with colleagues, or sometimes even stopping them doing something. Yet, despite the fact that changing people’s behavior is such a fundamental skill for managers, there is little in the way of systemati…
Copyright
©2023
Copyright owner
External Copyright
Available Languages
English
Contact
Research Information & Knowledge Hub for additional information on IMD publications
Book
Competitiveness
Economics
Data Analytics
IMD World Competitiveness Yearbook: 2023
Now in its 35th year, the IMD World Competitiveness Yearbook continues to serve as a beacon for governments, businesses, and individuals as they seek to navigate the complex landscape of global competitiveness. Our annual assessment sheds light on the key factors that drive and shape the comparative data, providing valuable insights and benchmar…
IMD World Competitiveness Yearbook: 2023
Summary
Now in its 35th year, the IMD World Competitiveness Yearbook continues to serve as a beacon for governments, businesses, and individuals as they seek to navigate the complex landscape of global competitiveness. Our annual assessment sheds light on the key factors that drive and shape the comparative data, providing valuable insights and benchmar…
Copyright
©2023
Copyright owner
IMD Copyright
Available Languages
English
Contact
Research Information & Knowledge Hub for additional information on IMD publications
Book
Competitiveness
Strategy
Digital
The future of competitive strategy: Unleashing the power of data and digital ecosystems
How can legacy firms remain relevant in the digital era? In The Future of Competitive Strategy, strategic management expert Mohan Subramaniam explains how firms can leverage both their traditional strengths and the modern-day power of data and digital ecosystems to forge a new competitive strategy. Drawing on the experiences of a range of compan…
Book
Communication
Clean language interviewing: Principles and applications for researchers and practitioners
Combining academic rigour with real application examples, a global range of contributors analyse the use of Clean Language Interviewing in multiple settings including business, education, and healthcare.
Clean language interviewing: Principles and applications for researchers and practitioners
Summary
Combining academic rigour with real application examples, a global range of contributors analyse the use of Clean Language Interviewing in multiple settings including business, education, and healthcare.
Copyright
©2022
Copyright owner
External Copyright
Available Languages
English
Contact
Research Information & Knowledge Hub for additional information on IMD publications
Book
Economics
Competitiveness
Leadership
The future is young: How technology, talent and innovation can help us face the most pressing challenges of our time
Amid this fast and disorienting pace of change, many are instinctively looking to political leaders and world-renowned experts for answers. As a result, important conversations that should be going on have been conspicuous by their absence. In particular, these are conversations that should involve young people. If new paradigms are emerging tha…
Book
Decision Making
Solvable: A simple solution to complex problems
Problem solving skills are in high demand, yet we’re not taught how to develop and apply these skills appropriately. Solvable offers a simple solution with a 3-step process—Frame, Explore, Decide—and concrete tools that you can use to become a better problem solver and successfully engage relevant people, whatever the challenge you face.
