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Book Digital Strategy
The Future of Competitive Strategy
Unleashing the Power of Data and Digital Ecosystems (Management on the Cutting Edge)
Latest awards & honors
Report Sustainability Strategy
Winning sustainability strategies
As the expectations on corporate responsibility increase, and as transparency becomes more prevalent, companies are recognizing the need to act on sustainability. Professional communications and good intentions are no longer enough. Winning Sustainability Strategies helps executives aiming to create a thriving, sustainable future for their busin…
Brandon Hall Excellence in Technology Gold Award – Best Advance in Education Delivered Through Technology
By Benoit F. Leleux Jan Van der Kaaij Christine Weinmann Catherine Agamis Robbie Cairns and Paul Hunter
December 2022
Winning sustainability strategies
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
By Ina Toegel and Martin Králik
EFMD Excellence in Practice Case, May 2022
DNB and IMD: Building a culture of collaboration, through action learning. At scale
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
By Bettina BĂĽchel and Nancy Lane
EFMD Excellence in Practice Case, May 2022
ABS, IMD and OCP: Beyond: An ambitious next level talent development program
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
By Frédéric Dalsace
Case reference: IMD-7-2292 ©2022
Schneider Electric: Becoming the world leader in sustainability
Case Study Sustainability Entrepreneurship Strategy Supply Chain Diversity and Equity and Inclusion
Lionheart Farms (Philippines) and the tree of life
Lionheart Agrotech Limited, the holding company of Lionheart Farms is developing a large-scale sustainable hybrid coconut plantation with integrated processing and manufacturing capacities in the Philippines. The case describes the idea of the founders, their journey, the challenges they met and how they solved them. The case explores the key c…
Lionheart Farms (Philippines) and the tree of life
By Benoit F. Leleux Anna Ziolkovska Jose Mora Said Chekri and Thibaud de Veyrac
Case reference: IMD-7-2282 ©2022
Lionheart Farms (Philippines) and the tree of life
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
By Dominique Turpin Winter Nie and Ivy Buche
Case reference: IMD-7-2320 ©2022
Kinto: Toyota’s new mobility services platform
Academic publications
Article Supply Chain
Assortment optimization using an attraction model in an omnichannel environment
Making assortment decisions is becoming an increasingly difficult task for many retailers worldwide as they implement omnichannel initiatives. Discrete choice modeling lies at the core of this challenge, yet existing models do not sufficiently account for the complex shopping behavior of customers in an omnichannel environment. In this paper, we…
By Andrey Vasilyev Sebastian Maier and Ralf W. Seifert
in European Journal of Operational Research April 2023, vol. 306, no. 1, pp. 207-222, https://doi.org/10.1016/j.ejor.2022.08.002
Assortment optimization using an attraction model in an omnichannel environment
By Andrey Vasilyev Sebastian Maier and Ralf W. Seifert
in European Journal of Operational Research April 2023, vol. 306, no. 1, pp. 207-222, https://doi.org/10.1016/j.ejor.2022.08.002
Summary
Making assortment decisions is becoming an increasingly difficult task for many retailers worldwide as they implement omnichannel initiatives. Discrete choice modeling lies at the core of this challenge, yet existing models do not sufficiently account for the complex shopping behavior of customers in an omnichannel environment. In this paper, we…
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Article Accounting Corporate Governance
The future role of internal audit function: Assure. Build. Consult
Chambers (2022) recently raised “a red flag” by pointing out that internal auditors have been unduly placing Environmental, Social, and Governance (ESG) risks on the back burner. Internal auditors currently do not play a significant role as assurance providers and are absent from potential advisory services about ESG – on both sides of the Atlan…
By Rainer Lenz and Florian Hoos
in EDPACS 18 January 2023, ePub before print, https://doi.org/10.1080/07366981.2023.2165361
The future role of internal audit function: Assure. Build. Consult
By Rainer Lenz and Florian Hoos
in EDPACS 18 January 2023, ePub before print, https://doi.org/10.1080/07366981.2023.2165361
Summary
Chambers (2022) recently raised “a red flag” by pointing out that internal auditors have been unduly placing Environmental, Social, and Governance (ESG) risks on the back burner. Internal auditors currently do not play a significant role as assurance providers and are absent from potential advisory services about ESG – on both sides of the Atlan…
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Article Family Business Ethics
Wrongdoing in publicly listed family- and nonfamily-owned firms: A behavioral perspective
We integrate research on family-owned firms (FOFs) and the Behavioral Theory of the Firm (BTOF) to study wrongdoing—a specific dimension of corporate social responsibility (CSR) associated with destructive risk—in family- versus nonfamily-owned firms (NFOFs). We argue that FOFs are likely to respond differently from NFOFs to risks because in add…
By Stephen Smulowitz Didier Cossin Alfredo De Massis and Abraham Hongze Lu
in Entrepreneurship Theory and Practice January 2023, ePub before print, https://doi.org/10.1177/10422587221142230
Wrongdoing in publicly listed family- and nonfamily-owned firms: A behavioral perspective
By Stephen Smulowitz Didier Cossin Alfredo De Massis and Abraham Hongze Lu
in Entrepreneurship Theory and Practice January 2023, ePub before print, https://doi.org/10.1177/10422587221142230
Summary
We integrate research on family-owned firms (FOFs) and the Behavioral Theory of the Firm (BTOF) to study wrongdoing—a specific dimension of corporate social responsibility (CSR) associated with destructive risk—in family- versus nonfamily-owned firms (NFOFs). We argue that FOFs are likely to respond differently from NFOFs to risks because in add…
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Article Human Resources Ethics Technology Management
Applicants’ fairness perceptions of algorithm-driven hiring procedures
Despite the rapid adoption of technology in human resource departments, there is little empirical work that examines the potential challenges of algorithmic decision-making in the recruitment process. In this paper, we take the perspective of job applicants and examine how they perceive the use of algorithms in selection and recruitment. Across …
By Maude Lavanchy Patrick Reichert Jayanth Narayanan and Krishna Savani
in Journal of Business Ethics January 2023, ePub before print, https://www.doi.org/10.1007/s10551-022-05320-w
Applicants’ fairness perceptions of algorithm-driven hiring procedures
By Maude Lavanchy Patrick Reichert Jayanth Narayanan and Krishna Savani
in Journal of Business Ethics January 2023, ePub before print, https://www.doi.org/10.1007/s10551-022-05320-w
Summary
Despite the rapid adoption of technology in human resource departments, there is little empirical work that examines the potential challenges of algorithmic decision-making in the recruitment process. In this paper, we take the perspective of job applicants and examine how they perceive the use of algorithms in selection and recruitment. Across …
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Article Digital Supply Chain
Utilizing additive manufacturing and mass customization under capacity constraints
Additive manufacturing (AM), originally used for prototyping, is increasingly adopted for custom final part production across different industries. However, printing speed and production volume are two barriers for the adoption of AM for product customization at large scale. Nevertheless, manufacturers could aim to combine the benefits of AM for…
By Rachel Lacroix Anna Timonina-Farkas and Ralf W. Seifert
in Journal of Intelligent Manufacturing January 2023, vol. 34, pp. 281–301, https://doi.org/10.1007/s10845-022-02007-x
Utilizing additive manufacturing and mass customization under capacity constraints
By Rachel Lacroix Anna Timonina-Farkas and Ralf W. Seifert
in Journal of Intelligent Manufacturing January 2023, vol. 34, pp. 281–301, https://doi.org/10.1007/s10845-022-02007-x
Summary
Additive manufacturing (AM), originally used for prototyping, is increasingly adopted for custom final part production across different industries. However, printing speed and production volume are two barriers for the adoption of AM for product customization at large scale. Nevertheless, manufacturers could aim to combine the benefits of AM for…
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Article Finance Economics
Re-use of collateral: Leverage, volatility, and welfare
We assess the implications of collateral re-use on leverage, volatility, and welfare within a calibrated infinite-horizon asset-pricing model with heterogeneous agents and disaster shocks. In our model, the ability of agents to reuse frees up collateral that can be used to back more transactions. Re-use thus contributes to the buildup of leverag…
By Johannes Brumm Michael Grill Felix Kubler and Karl Schmedders
in Review of Economic Dynamics January 2023, vol. 47, pp. 19-46, https://doi.org/10.1016/j.red.2022.03.003
Re-use of collateral: Leverage, volatility, and welfare
By Johannes Brumm Michael Grill Felix Kubler and Karl Schmedders
in Review of Economic Dynamics January 2023, vol. 47, pp. 19-46, https://doi.org/10.1016/j.red.2022.03.003
Summary
We assess the implications of collateral re-use on leverage, volatility, and welfare within a calibrated infinite-horizon asset-pricing model with heterogeneous agents and disaster shocks. In our model, the ability of agents to reuse frees up collateral that can be used to back more transactions. Re-use thus contributes to the buildup of leverag…
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Case studies
Case Study Entrepreneurship Family Business Leadership Sustainability
Maria Ahlström-Bondestam: Together everyone achieves more (Video case)
This case presents the unique approach to philanthropy of the Ahlström family. A group of 25 fifth-generation female Ahlström family members founded the Eva Ahlström foundation in 2010, in the name of the family matriarch Eva Ahlström (1848–1920), who was a big contributor to society in her time. This led to the establishment of the Ahlström Co…
By Peter Vogel and Malgorzata Smulowitz
Case reference: IMD-7-2414 ©2022
Case Study Strategy Disruption General Management Leadership
Outpacing strategy and business trajectory management
Outpacing strategy, first described by IMD professors Xavier Gilbert and Paul Strebel, is based on the ability to shift strategic innovation between perceived product value (the quality of the value proposition) and delivered cost (the efficiency of the value delivery system). First movers with an outpacing strategy gain a competitive advantage …
By Paul Strebel
Case reference: IMD-7-2435 ©2022
Case Study Disruption Strategy General Management
Industry breakpoints and business model evolution
Industry breakpoints were identified by IMD Professor Paul Strebel before the disruptive technology innovations described by Clayton Christensen. Breakpoints are characterized by “A new offering to the market that is so much superior that it changes the rules of the competitive game, accompanied by a sharp shift in the industry’s growth rate and…
By Paul Strebel
Case reference: IMD-7-2434 ©2022
Case Study Digital Disruption Sustainability Global Business Leadership Strategy
Future-proofing HEINEKEN: The EverGreen strategy
Dolf van den Brink, CEO of HEINEKEN, left the company’s global headquarters in Amsterdam for a company retreat. Over the next three days, the entire executive team would gather to discuss the company’s future. The preliminary results for 2022, presented during the recent two-day Capital Markets Event, were positive, and the company’s progress on…
By Niccolò Pisani and Inès Augier
Case reference: IMD-7-2423 ©2023
Case Study Disruption General Management Global Business Strategy
Swarovski: How to shine through stormy weather?
It was on Monday. 4 July 2022, when Swarovski’s newly appointed, first-ever external CEO, Alexis Nasard, began his challenging journey of guiding the company back to a profitable growth trajectory. In past years, Swarovski experienced strong market growth and share gains from its well-established position in the costume jewelry segment. However,…
By Niccolò Pisani and Stéphane J. G. Girod
Case reference: IMD-7-2430 ©2023
Case Study General Management Sustainability Corporate Governance
Tyre Recycling Solutions: What goes around comes around
Old tires are cumbersome, environmentally unfriendly and materially complex. A cost-effective, sustainable technological solution for dealing with them could contribute significantly to the circular economy and generate major social and economic benefits. The Swiss-based company Tyre Recycling Solutions has developed a breakthrough technology wi…
By Salvatore Cantale Elisa Benito Olivier Ferrari Leila Khammari and Hongyu Li
Case reference: IMD-7-2427 ©2022
Knowledge Hub – I by IMD
Article Strategy Sustainability
EverGreen – the futureproofing of HEINEKEN
Niccolò Pisani, IMD Professor of Strategy and International Business, explores HEINEKEN’s ambitious and all-encompassing strategy for sustainable growth, launched amid a global pandemic.
By Niccolò Pisani
in I by IMD 1 February 2023
EverGreen – the futureproofing of HEINEKEN
Article Coaching Culture Organizational Behavior
Lessons from military leadership: The importance of morale
Since the pandemic, we have been seeking to describe the phenomenon of how feelings impact performance. We explored resilience, well-being, and self-care, meandering through agility and mental health.
By Francesca Giulia Mereu and Stephen T. Kilpatrick
in I by IMD 31 January 2023
Lessons from military leadership: The importance of morale
Article Leadership Politics Global Business
Trade barriers and political upheaval: What to expect in 2023
From global supply chains to monetary policy and climate change, IMD experts give their predictions for a potentially turbulent year ahead.

in I by IMD 11 January 2023
Trade barriers and political upheaval: What to expect in 2023</strong>
Article Sustainability
Climate change: Why business schools are failing
We are faced with an existential challenge that requires radical action. Tomorrow’s business leaders must learn to think critically about their role in society and how they will practice their craft in order to bring about change.
By Andrew J. Hoffman
in I by IMD 10 January 2023
Climate change: Why business schools are failing
Article Competitiveness Customer Centricity
Customer loyalty is a myth, just ask my taxi driver
In his new book The Human Experience, John Sills explains why the “usefulness” of a retailer or service provider is far more important than any misplaced notions of fidelity.
By John Sills
in I by IMD 9 January 2023
Customer loyalty is a myth, just ask my taxi driver
Article Human Resources
This startup calculator can predict the employment impact of recessions
By measuring employment at startups across different recessionary scenarios, researchers have been able to predict the potential economic impact of future pandemics

in I by IMD 6 January 2023
This startup calculator can predict the employment impact of recessions
Insights for practitioners
Article Strategy Sustainability
EverGreen – the futureproofing of HEINEKEN
Niccolò Pisani, IMD Professor of Strategy and International Business, explores HEINEKEN’s ambitious and all-encompassing strategy for sustainable growth, launched amid a global pandemic.
By Niccolò Pisani
in I by IMD 1 February 2023
EverGreen – the futureproofing of HEINEKEN
Article Coaching Culture Organizational Behavior
Lessons from military leadership: The importance of morale
Since the pandemic, we have been seeking to describe the phenomenon of how feelings impact performance. We explored resilience, well-being, and self-care, meandering through agility and mental health.
By Francesca Giulia Mereu and Stephen T. Kilpatrick
in I by IMD 31 January 2023
Lessons from military leadership: The importance of morale
Article Finance
Anticiper la catastrophe, un devoir pour les investisseurs
Thinking the impossible is no more within the reach of market professionals than it is for ordinary people. The Covid-19 pandemic, a century after the global tragedy of the Spanish flu, showed this. This event was so improbable and of such catastrophic consequence – a “black swan”, according to the notion coined in 2007 by Nassim Nicholas Taleb …
By Didier Cossin and Philippe Mudry
in Les Echos 27 January 2023
Anticiper la catastrophe, un devoir pour les investisseurs
By Didier Cossin and Philippe Mudry
in Les Echos 27 January 2023
Summary
Thinking the impossible is no more within the reach of market professionals than it is for ordinary people. The Covid-19 pandemic, a century after the global tragedy of the Spanish flu, showed this. This event was so improbable and of such catastrophic consequence – a “black swan”, according to the notion coined in 2007 by Nassim Nicholas Taleb …
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Article Leadership Talent Management
10 “people” mistakes leaders make
Much of today’s leadership writing focuses on what high performing leaders should do. Certainly, that material helps from a theoretical and aspirational point of view. Yet what really haunts leaders on a day-to-day basis is the mistakes that they make. They don’t trip up because they are bad people; they most often fumble because of a lack of kn…
10 “people” mistakes leaders make
Article Economics Politics
La Chine va encore bouleverser l’économie mondiale
After 1016 days of zero covid policy, China has decided to open up again to the rest of the world. The impact on our economies will be considerable. But is this good news or bad news? Probably both. In forty years, China has become the largest supplier to the world economy. But it is also the largest buyer. In 2021, the top 200 U.S., European an…
By Stéphane Garelli
in Le Temps 20 January 2022
La Chine va encore bouleverser l’économie mondiale
By Stéphane Garelli
in Le Temps 20 January 2022
Summary
After 1016 days of zero covid policy, China has decided to open up again to the rest of the world. The impact on our economies will be considerable. But is this good news or bad news? Probably both. In forty years, China has become the largest supplier to the world economy. But it is also the largest buyer. In 2021, the top 200 U.S., European an…
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Article Technology Management
Meta pumped cash into a futuristic vision, but they didn’t prepare for a recession
Meta suffered another blow last week, as the European Union ruled their ad practices in Ireland illegal. The decision resulted in a fine of €390m, which Meta is appealing, and shows yet another issue in the company’s business model and future-preparedness.  
By Howard H. Yu
in City A.M. 12 january 2022
Meta pumped cash into a futuristic vision, but they didn’t prepare for a recession
By Howard H. Yu
in City A.M. 12 january 2022
Summary
Meta suffered another blow last week, as the European Union ruled their ad practices in Ireland illegal. The decision resulted in a fine of €390m, which Meta is appealing, and shows yet another issue in the company’s business model and future-preparedness.  
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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…
By Mohan Subramaniam
Published By MIT Press ©2022
The future of competitive strategy: Unleashing the power of data and digital ecosystems
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.
By Heather Cairns-Lee James Lawley and Paul Tosey
Published By Emerald Group Publishing ©2022
Clean language interviewing: Principles and applications for researchers and practitioners
By Heather Cairns-Lee James Lawley and Paul Tosey
Published By Emerald Group Publishing ©2022
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
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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…
By Bruno Lanvin and Osman Sultan
Published By International Institute for Management Development ©2022
The future is young: How technology, talent and innovation can help us face the most pressing challenges of our time
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.
By Arnaud Chevallier and Albrecht Enders
Published By FT Press ©2022
Solvable: A simple solution to complex problems
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…
By Arturo Bris Christos Cabolis José Caballero and Marco Pistis
Published By International Institute for Management Development ©2022
Book Sustainability Board
The double-edged sword of corporate boards in the environmental actions of firms
Environmental issues, which encompass combatting climate change and global warming, are increasingly positioned at the top of board agendas. consequently, board policies are increasingly used as the means to reduce environmental footprint of a firm. The central aim of this book is to uncover theoretical foundations and provide solid empirical ev…
By Ivan Miroshnychenko
Published By Eurilink University Press ©2021
The double-edged sword of corporate boards in the environmental actions of firms
By Ivan Miroshnychenko
Published By Eurilink University Press ©2021
Summary
Environmental issues, which encompass combatting climate change and global warming, are increasingly positioned at the top of board agendas. consequently, board policies are increasingly used as the means to reduce environmental footprint of a firm. The central aim of this book is to uncover theoretical foundations and provide solid empirical ev…
Copyright ©2021
Copyright owner External Copyright
Language English
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