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Article
Family Business
Innovation
Human Resources
Competitiveness
Employee incentives and family firm innovation: A configurational approach
According to family business theory and practice, family firms often face a paradoxical tension between their anchorage to the past and the need to renew and innovate to remain competitive, which often hampers innovation. Given that innovation is inherently a social process that depends on the knowledge and creativity of an organization’s people…
18th EBS Universität für Wirtschaft und Recht
Best Paper Award on Innovation, Transformation and Corporate Entrepreneurship
Employee incentives and family firm innovation: A configurational approach
Summary
According to family business theory and practice, family firms often face a paradoxical tension between their anchorage to the past and the need to renew and innovate to remain competitive, which often hampers innovation. Given that innovation is inherently a social process that depends on the knowledge and creativity of an organization’s people…
18th EBS Universität für Wirtschaft und Recht
Best Paper Award on Innovation, Transformation and Corporate Entrepreneurship
Contact
Research Information & Knowledge Hub for additional information on IMD publications
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
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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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Academic publications
Article
Family Business
Entrepreneurship
Family firm entrepreneurship: An experimental study
Family managers’ entrepreneurial intentions (EI) play a crucial role in the long-term success of family firms. Previous research has highlighted education as a key driver of EI but has failed to consider the unique socialization processes within business families and their impact on the education-EI relationship. This study aims to fill this gap…
Family firm entrepreneurship: An experimental study
Summary
Family managers’ entrepreneurial intentions (EI) play a crucial role in the long-term success of family firms. Previous research has highlighted education as a key driver of EI but has failed to consider the unique socialization processes within business families and their impact on the education-EI relationship. This study aims to fill this gap…
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Article
Family Business
Entrepreneurship
A multi-voiced account of family entrepreneuring research: Expanding the agenda of family entrepreneurship
This conceptual, multi-voiced paper aims to collectively explore and theorize family entrepreneuring, which is a research stream dedicated to investigating the emergence and becoming of entrepreneurial phenomena in business families and family firms.
A multi-voiced account of family entrepreneuring research: Expanding the agenda of family entrepreneurship
Summary
This conceptual, multi-voiced paper aims to collectively explore and theorize family entrepreneuring, which is a research stream dedicated to investigating the emergence and becoming of entrepreneurial phenomena in business families and family firms.
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Research Information & Knowledge Hub for additional information on IMD publications
Article
Social Innovation
Politics
Civic wealth creation: Bypassing monopolies through collective action
The market power of monopolies can severely restrict citizens’ freedom of choice. In the case of utilities, often portrayed as natural monopolies, such power may result in high prices and unreliable or absent services, especially in marginalized communities such as low-income neighborhoods or remote rural villages. While government regulation ha…
Civic wealth creation: Bypassing monopolies through collective action
Summary
The market power of monopolies can severely restrict citizens’ freedom of choice. In the case of utilities, often portrayed as natural monopolies, such power may result in high prices and unreliable or absent services, especially in marginalized communities such as low-income neighborhoods or remote rural villages. While government regulation ha…
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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 …
Applicants’ fairness perceptions of algorithm-driven hiring procedures
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
Finance
A note on the non-proportionality of winning probabilities in Bitcoin
It is widely assumed that the selection process in a blockchain is based on proportional winning probabilities. The reliability and security of any blockchain is based upon this assumption. However, making an analogy between the Bitcoin protocol and the classical statistical urn problem, we argue that, at least on a theoretical level, the select…
A note on the non-proportionality of winning probabilities in Bitcoin
Summary
It is widely assumed that the selection process in a blockchain is based on proportional winning probabilities. The reliability and security of any blockchain is based upon this assumption. However, making an analogy between the Bitcoin protocol and the classical statistical urn problem, we argue that, at least on a theoretical level, the select…
Contact
Research Information & Knowledge Hub for additional information on IMD publications
Article
Global Business
Deconstructing deglobalization: The future of trade is in intermediate services
This article contests the idea that the world has entered a post-globalization era. It argues that rapid globalization has evolved rather than ended. Even though the global goods trade-to-GDP ratio reached its zenith 15 years ago, the rapid rise of services trade has persisted and now accounts for one-fifth of international commerce. The paper m…
Deconstructing deglobalization: The future of trade is in intermediate services
Summary
This article contests the idea that the world has entered a post-globalization era. It argues that rapid globalization has evolved rather than ended. Even though the global goods trade-to-GDP ratio reached its zenith 15 years ago, the rapid rise of services trade has persisted and now accounts for one-fifth of international commerce. The paper m…
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Research Information & Knowledge Hub for additional information on IMD publications
Case studies
Case Study
Entrepreneurship
Human Resources
Leadership
Organizational Behavior
Retaining entrepreneurial spirit during hypergrowth at sportswear brand On (B)
When one of On’s co-founders stepped into the elevator at the brand new On Labs headquarters in Zurich, a fellow co-worker asked whether it was also his first day at On. He was speechless. Less than a decade earlier, the 5 partners regularly went for lunch runs with some of the other 30 team members. And now in April 2023, On was a publicly list…
Case Study
Leadership
General Management
Human Resources
Organizational Behavior
Diversity and Equity and Inclusion
Fostering psychological safety in teams
This note highlights the pivotal role of psychological safety in fostering a culture of flexibility and innovation within organizations, especially in a rapidly changing business environment. Drawing from Amy Edmondson’s seminal research, psychological safety is defined as the collective assurance felt by team members that they can openly expres…
Case Study
Sustainability
Marketing
Revier Brand Group, LLC: Will its “sustainability and consistency” brand positioning pay off?
The CEO of Revier Cattle Company, Tom Revier, had been an innovator in sustainable farming and humane livestock practices for over two decades. He and his partner Paul Hillen are considering whether they should launch a branded differentiated product in the market, and if so, how they should position this offering. The product has definite advan…
Case Study
Organizational Behavior
General Management
Human Resources
Leadership
Politics
Understanding and overcoming resistance to change
In today’s turbulent business landscape, organizational change is imperative for survival and success. However, research reveals that 75% of transformations fall short of their objectives. The root causes of this failure are often human-centric, stemming from factors like fear of the unknown, loss of competence, identity, status, relationships, …
Case Study
Leadership
Communication
General Management
Human Resources
Organizational Behavior
The power and practice of organizational judo
This note summarizes how Judo’s “gentle way” offers insights for mastering organizational politics. The Japanese martial art of Judo combines physical skill with mental strength and ethics. Its core principles offer valuable lessons for navigating organizational politics.
1. Maximum Efficiency but Minimum Effort (Seiryoku Zenyo): Judo emphasize…
Case Study
Entrepreneurship
Human Resources
Leadership
Organizational Behavior
Retaining entrepreneurial spirit during hypergrowth at sportswear brand On (A)
On Wednesday 15 September 2021, about 100 On team members were going to jog to the NYSE to mark the running shoe brand’s first day as a publicly traded company. One of few unicorns in Switzerland, On had been founded in January 2010 by running enthusiasts David Allemann and Caspar Coppetti, together with former professional athlete Olivier Bernh…
Knowledge Hub – I by IMD
Article
Human Resources
Leadership
The new CEO’s guide to crisis management
As baby-boomer CEOs retire, a new wave of leaders is taking over. These new CEOs are full of fresh ideas and perspectives. However, many inevitably will face their first time leading a large organization through a crisis.
Article
Organizational Transformation
Leadership
Navigating organizational change: A bitesize framework for leaders
Keep the “change hamburger” in mind as you steer through your transformation journey.
Article
Technology Management
OpenAI: The future is looking great for AI, less so for humanity
The ongoing saga at the tech company highlights the urgent need for proper governance and regulation of the development of AI. Is it time for governments to step in?
Article
Sustainability
Strategy
Making the business case for the circular economy
If we are to move away from a take-make-waste economic model, we need to showcase concrete examples of how organizations can create innovative business models for eliminating waste, reusing materials, and regenerating nature.
Article
Finance
Strategy
Investment
Why Warren Buffett has bet on “bad” strategy in Japan’s comeback
Billionaire investor Warren Buffett has identified five Japanese trading houses that he believes will profit from an improving economic outlook and a more shareholder-friendly regime in Japan. Patrick Reinmoeller explains the surprising strategy behind the investments.
Article
Competitiveness
Technology Management
Why national policies on artificial intelligence matter for countries’ prosperity
Artificial intelligence is set to transform the world – but who stands to benefit and who will lose? Arturo Bris, Director of the IMD World Competitiveness Center, considers how previous technological advances played out for the people who lost their jobs to machines.
Insights for practitioners
Article
Human Resources
Leadership
The new CEO’s guide to crisis management
As baby-boomer CEOs retire, a new wave of leaders is taking over. These new CEOs are full of fresh ideas and perspectives. However, many inevitably will face their first time leading a large organization through a crisis.
Article
Organizational Transformation
Leadership
Navigating organizational change: A bitesize framework for leaders
Keep the “change hamburger” in mind as you steer through your transformation journey.
Article
Technology Management
OpenAI: The future is looking great for AI, less so for humanity
The ongoing saga at the tech company highlights the urgent need for proper governance and regulation of the development of AI. Is it time for governments to step in?
Article
Sustainability
Strategy
Making the business case for the circular economy
If we are to move away from a take-make-waste economic model, we need to showcase concrete examples of how organizations can create innovative business models for eliminating waste, reusing materials, and regenerating nature.
Article
Competitiveness
Technology Management
Why national policies on artificial intelligence matter for countries’ prosperity
Artificial intelligence is set to transform the world – but who stands to benefit and who will lose? Arturo Bris, Director of the IMD World Competitiveness Center, considers how previous technological advances played out for the people who lost their jobs to machines.
Article
Finance
Strategy
Investment
Why Warren Buffett has bet on “bad” strategy in Japan’s comeback
Billionaire investor Warren Buffett has identified five Japanese trading houses that he believes will profit from an improving economic outlook and a more shareholder-friendly regime in Japan. Patrick Reinmoeller explains the surprising strategy behind the investments.
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.
