Latest awards & honors
Report
Organizational Learning
Organizational Transformation
DNB and IMD: Building a culture of collaboration, through action learning. At scale
Norway’s financial services group DNB entered the 2020s on a
high note of best-ever quarterly performance; a highly diverse
workforce; and great strides in rolling out innovative services.
Nonetheless, its top management was conscious that the company needed to strengthen the way it collaborated along functional and divisional lines. The chal…
EFMD Excellence in Practice Award 2022 Silver Award
Report
Organizational Learning
Organizational Transformation
Talent Management
ABS, IMD and OCP: Beyond: An ambitious next level talent development program
In 2018, OCP Group – the Moroccan-based world leader in plant nutrition and phosphate industry, and one of the most important employers of the private sector in the country – was a decade into an ambitious transformation program to capture higher value-added downstream business opportunities. To achieve its growth ambitions, it needed to develop…
EFMD Excellence in Practice Awards 2022 Gold Award
Case Study
Sustainability
Strategy
General Management
Social Innovation
Schneider Electric: Becoming the world leader in sustainability
Schneider Electric is a multinational company providing energy management and automation. The case briefly outlines the company’s history and describes the progressive integration of sustainability efforts into its overall strategy. This 20-year journey culminates in 2021 when Corporate Knights ranked Schneider Electric No. 1 worldwide for its s…
2022 HEC Montreal CSR Challenge – 2nd Place
Case Study
Strategy
Growth
Customer Centricity
Sustainability
Kinto: Toyota’s new mobility services platform
In 2019, Toyota launched KINTO, its new mobility services brand, in Europe – to address the increasing shift in consumer preferences from ownership to on-demand usership. KINTO was only the third brand to be launched by Toyota in its history (after Toyota and Lexus). This signaled to the market that the world’s largest automaker was serious abou…
2nd prize in the 2022 John Molson MBA Case Writing Competition
Case Study
Marketing
Strategy
Diversity and Equity and Inclusion
Growth
Social Platform
Sustainability
Kineer: A social marketing challenge
Kineer Services Limited (Kineer) was a social marketing startup set up in 2018 by Lakshmi Narayan Tripathi, a prominent Indian transgender, and Manish Jain, an ex-hospitality industry veteran. Their objective in setting up Kineer was to provide a life of dignity to the socially stigmatized third gender community in India. As a startup, Kineer fa…
3rd prize in the 2022 John Molson MBA Case Writing Competition
Case Study
Family Business
Diversity and Equity and Inclusion
Strategy
Sustainability
Value Creation
Brown-Forman: Nothing better in the market
London, UK, July 2020. G. Garvin Brown IV, the chairman of Brown-Forman Corporation and 5th generation family shareholder, was preparing to celebrate the firm’s 150th anniversary. Despite its current global footprint, a turnover in excess of $3.3 billion and over 4,800 employees worldwide, Brown-Forman had remained in Louisville, Kentucky, close…
2021 EFMD Case Writing Competition Award – Family Business
Academic publications
Article
Family Business
Identity in family firms: Toward an integrative understanding
To take stock of the literature on identity in family firms (IFF), we examine 122 journal articles published between 2006 and 2020. We then develop a thematic map to help scholars understand the structure of IFF studies and the direction that IFF research is taking. Providing a consistent vocabulary and categorization, the thematic map serves to…
Identity in family firms: Toward an integrative understanding
Summary
To take stock of the literature on identity in family firms (IFF), we examine 122 journal articles published between 2006 and 2020. We then develop a thematic map to help scholars understand the structure of IFF studies and the direction that IFF research is taking. Providing a consistent vocabulary and categorization, the thematic map serves to…
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Research Information & Knowledge Hub for additional information on IMD publications
Article
Family Business
Sustainability
Politics
Von einer Krise zur nächsten? Familienunternehmen im 21. Jahrhundert
War in Ukraine, economic consequences of the pandemic, climate change, structural change – family businesses in Europe are currently facing many challenges. How can you overcome these? And how can SME policy support them in this? Based on their respective scientific research results, Friederike Welter, Alfredo De Massis, Arnis Sauka and Ute Step…
Von einer Krise zur nächsten? Familienunternehmen im 21. Jahrhundert
Summary
War in Ukraine, economic consequences of the pandemic, climate change, structural change – family businesses in Europe are currently facing many challenges. How can you overcome these? And how can SME policy support them in this? Based on their respective scientific research results, Friederike Welter, Alfredo De Massis, Arnis Sauka and Ute Step…
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Research Information & Knowledge Hub for additional information on IMD publications
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
Human Resources
Corporate Governance
My place: How workers become identified with their workplaces and why it matters
Where we work – our workplaces – have enormous effects on our work attitudes and behaviors. As workplaces become increasingly mobile, remote, multiple, and uncoupled from the organization for which the work is done, individuals – and their employers – struggle with the question of “how does this place affect me and what I do?” We need new theore…
My place: How workers become identified with their workplaces and why it matters
Summary
Where we work – our workplaces – have enormous effects on our work attitudes and behaviors. As workplaces become increasingly mobile, remote, multiple, and uncoupled from the organization for which the work is done, individuals – and their employers – struggle with the question of “how does this place affect me and what I do?” We need new theore…
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Research Information & Knowledge Hub for additional information on IMD publications
Article
Family Business
Entrepreneurship
Family multinationals: A systematic literature review to take stock and look ahead
The authors develop a systematic literature review of research on family multinationals, i.e. firms owned by one or more families that engage in foreign direct investments (FDIs). Building on the examination of past and current research, the authors develop an integrative framework and identify directions to advance this area of research.
Family multinationals: A systematic literature review to take stock and look ahead
Summary
The authors develop a systematic literature review of research on family multinationals, i.e. firms owned by one or more families that engage in foreign direct investments (FDIs). Building on the examination of past and current research, the authors develop an integrative framework and identify directions to advance this area of research.
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Article
Family Business
Entrepreneurship
Opening up the black box of family entrepreneurship across generations: A systematic literature review
What makes some families more entrepreneurial than others? How are they able to nurture entrepreneurship across generations? These are fundamental questions for family business and entrepreneurship research. In particular, the multigenerational dimension of entrepreneurial families (EFs) and the new family logics that emerge as the family grows …
Opening up the black box of family entrepreneurship across generations: A systematic literature review
Summary
What makes some families more entrepreneurial than others? How are they able to nurture entrepreneurship across generations? These are fundamental questions for family business and entrepreneurship research. In particular, the multigenerational dimension of entrepreneurial families (EFs) and the new family logics that emerge as the family grows …
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Research Information & Knowledge Hub for additional information on IMD publications
Case studies
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…
Case Study
Operations
Supply Chain
Digital
Zalando: A digital foundation for fashion supply chain success
By 2021 Zalando had become Europe’s largest pure player in online fashion. But the road to success had not always been smooth. Back in 2014, six years after it was founded, the Germany-based company was at a crossroads. With an impending initial public offering (IPO) and investors looking for results, the company was nowhere near being profitabl…
Case Study
Digital
Disruption
Operations
HEINEKEN: Building the connected brewery
HEINEKEN, one the world’s largest breweries, had led a long and successful effort to improve the efficiency of its brewery network. For the company COO, this was a source of pride, and also a challenge and an opportunity. Long curious about the potential for digitalizing the supply chain, perhaps this was the natural entry point for the company…
Case Study
Supply Chain
General Management
Operations
Wistful cosmetics: Designing supply chain resilience
This disguised case exercise presents the situation confronting Wistful Cosmetics, a cosmetics company based in Spain. The company, like many others, has been shaken by disruptions to global supply chains. Among the most prominent events are Covid, the Suez Canal blockage by the Ever Given container ship, the global capacity crisis in logistics …
Case Study
Strategy
Entrepreneurship
Marketing
Innovation
Roasting plant coffee: From engineer’s dream to customer’s delight
Our story starts in 2001. Mike Caswell, an engineer and early Starbuck’s employee, creates a technology that permits better flavor and increased margins, for fresh-roasted coffee in retail stores. Years of engineering and fundraising, franchising, disputes, hopes and frustrations ensue. Jamie Robertson joins in 2017, as both investor and CEO …
Case Study
Business to Business
Pricing
Strategy
Marketing
Bhanton Towels: The pricing dilemma of an exporter
In April 2022, Bhanton Towels (Bhanton), an export-oriented company in the Philippines, received an order from AliTex Enterprises (AliTex), China. One of Bhanton’s major customers in Europe had just cancelled an order for 200 metric tons (MT) of towels because of the Ukraine-Russia conflict. Since the conflict was a case of “force majeure,” the …
Knowledge Hub – I by IMD
Article
Innovation
Mindfulness
How mindfulness cultivates creativity and innovation
Promoting “organizational mindfulness” can help foster creativity and innovation – two indispensable elements for a company’s success and sustainability, says Faisal Hoque.
Article
Leadership
How “nudges” can prompt changes in behavior
Acknowledging the importance of “nudging” on the informal networks that make up an organization’s central nervous system is important, as it is this central nervous system that needs to learn and adopt new behaviors and attitudes, says Bettina Büchel.
Article
Strategy
Swiss Re CEO: Negative effects of the pandemic may last for “two decades”
In conversation with IMD’s Jean-François Manzoni at the Nikkei Global Management Forum, Swiss Re’s Christian Mumenthaler talked about his prediction and highlighted the need for companies to work across value chains to improve their collective environmental footprint.
Article
Digital
Technology Management
Disruption disrupted: How new digital developments can put legacy firms back in pole position
Drawing on insights explored in greater depth in his new book, The Future of Competitive Strategy, in this article Professor Subramaniam outlines the growing opportunities available to firms with a long pre-Internet history and a substantial industry presence – the “legacy” companies.
Article
Digital
Technology Management
Growth
Victims of their own success
The world’s largest technology companies have delivered stellar growth, but the good times may prove their eventual undoing, argues Mike Wade, Professor of Innovation and Strategy at IMD Business School; Cisco Chair in Digital Business Transformation
Article
Strategy
Sustainability
How to lower soaring energy costs (without worsening climate change)
As energy prices climb to record highs, businesses of all sectors and sizes need to start implementing energy-saving measures now to prepare for shortages over the winter.
Insights for practitioners
Article
Digital
Technology Management
How digital is making luxury (relatively) more democratic
Luxury brands have come a long way since the early 2010s when they were in denial of e-commerce. Across sectors, luxury actors are now embracing digital opportunities throughout their operations and business models. To do this, they are partnering with cutting edge technology inventors such as Accenture. Along the way, it’s the strategic posture…
How digital is making luxury (relatively) more democratic
Summary
Luxury brands have come a long way since the early 2010s when they were in denial of e-commerce. Across sectors, luxury actors are now embracing digital opportunities throughout their operations and business models. To do this, they are partnering with cutting edge technology inventors such as Accenture. Along the way, it’s the strategic posture…
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Article
Strategy
Culture
Innovation
Leadership
Competitiveness
Align strategy and culture for a competitive edge
Leaders can harness their attention, motivation, capabilities and capacity to link strategy with culture, and reap benefits for every stakeholder.
Article
Sustainability
Strategy
Global Business
Businesses are forging ahead with climate action
The recent COP27 meeting made only limited headway on measures to tackle climate change, but climate action by companies gives more grounds for optimism, and the current challenging economic and geopolitical environment is not going to divert businesses from their net-zero commitments, WBCSD CEO Peter Bakker tells Knut Haanaes
Article
Leadership
Economics
Strategy
How to be a good leader in a bad economy
“My days are full of turnabouts. I have to go back on promises, reshuffle priorities, and I second-guess too much. It’s wearing on me, and I feel like I am spending hard-earned goodwill,” a member of an executive leadership team told me in one of our sessions. “I want to pause for a moment and talk about how I can be a good leader in a bad econo…
How to be a good leader in a bad economy
Summary
“My days are full of turnabouts. I have to go back on promises, reshuffle priorities, and I second-guess too much. It’s wearing on me, and I feel like I am spending hard-earned goodwill,” a member of an executive leadership team told me in one of our sessions. “I want to pause for a moment and talk about how I can be a good leader in a bad econo…
Contact
Research Information & Knowledge Hub for additional information on IMD publications
Article
Innovation
Mindfulness
How mindfulness cultivates creativity and innovation
Promoting “organizational mindfulness” can help foster creativity and innovation – two indispensable elements for a company’s success and sustainability, says Faisal Hoque.
Article
Economics
Politics
Leadership
Les chefs d’entreprise devraient-ils être des diplomates?
In any case, they have to try. At a recent conference in Hong Kong, UBS Chairman Colm Kelleher said, “We don’t read the American press, we actually believe what China says.” Obviously, this made people happy in China; elsewhere, a little less so. A little later, Mark Carney, the former governor of the Bank of England, tried to correct the record…
Les chefs d’entreprise devraient-ils être des diplomates?
Summary
In any case, they have to try. At a recent conference in Hong Kong, UBS Chairman Colm Kelleher said, “We don’t read the American press, we actually believe what China says.” Obviously, this made people happy in China; elsewhere, a little less so. A little later, Mark Carney, the former governor of the Bank of England, tried to correct the record…
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Research Information & Knowledge Hub for additional information on IMD publications
Books
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
Language
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.
Book
Competitiveness
Economics
Data Analytics
IMD World Competitiveness Yearbook: 2022
The 34th edition of the IMD World Competitiveness Yearbook is being launched at a moment of tremendous turmoil. COVID-19 continues to affect large parts of the world. Interestingly, while in some countries comprehensive efforts are being made to return to a state of normalcy, other parts of the world are experiencing a massive rise in the number…
Book
Organizational Learning
Leadership
Corporate University
Executive education after the pandemic: A vision for the future
Business education and executive development has been one of the most fascinating industries in the world and the fastest growing segment of higher education over the past decades. Today, it is experiencing change on a scale unprecedented since the foundation of the first business schools in the early 20th Century, both due to changes in the cor…
Executive education after the pandemic: A vision for the future
Summary
Business education and executive development has been one of the most fascinating industries in the world and the fastest growing segment of higher education over the past decades. Today, it is experiencing change on a scale unprecedented since the foundation of the first business schools in the early 20th Century, both due to changes in the cor…
Copyright
©2022
Copyright owner
External Copyright
Language
English
Contact
Research Information & Knowledge Hub for additional information on IMD publications