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The Future of Competitive Strategy
Unleashing the Power of Data and Digital Ecosystems (Management on the Cutting Edge)
Latest awards & honors
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
By Elisa Villani Christian Linder Alfredo De Massis and Kimberly A. Eddleston
in Journal of Management 9 March 2023, ePub before print, https://doi.org/10.1177/01492063231157323
Employee incentives and family firm innovation: A configurational approach
By Elisa Villani Christian Linder Alfredo De Massis and Kimberly A. Eddleston
in Journal of Management 9 March 2023, ePub before print, https://doi.org/10.1177/01492063231157323
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
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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
By Sophie Bacq and Ruth V. Aguilera
in Journal of Management Studies July 2021, vol. 59, no. 1, pp. 29-60, https://doi.org/10.1111/joms.12746
Stakeholder governance for responsible innovation: A theory of value creation, appropriation, and distribution
Stakeholder governance for responsible innovation: A theory of value creation, appropriation, and distribution
By Sophie Bacq and Ruth V. Aguilera
in Journal of Management Studies July 2021, vol. 59, no. 1, pp. 29-60, https://doi.org/10.1111/joms.12746
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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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
By Heather Cairns-Lee and Tawfik Jelassi
Case reference: IMD-7-2330 ©2022
OCP: Liberating energy to create sustainable growth
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
By Jonathan Bauweraerts Emanuela Rondi Paola Rovelli Alfredo De Massis and Salvatore Sciascia
in Entrepreneur & Innovation Exchange 8 September 2022
Women can help family firms innovate – but socioemotional factors matter
Women can help family firms innovate – but socioemotional factors matter
By Jonathan Bauweraerts Emanuela Rondi Paola Rovelli Alfredo De Massis and Salvatore Sciascia
in Entrepreneur & Innovation Exchange 8 September 2022
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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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
By Bingbing Ge Alfredo De Massis and Josip Kotlar
in Entrepreneur & Innovation Exchange 3 June 2022
Using family history for competitive advantage
Using family history for competitive advantage
By Bingbing Ge Alfredo De Massis and Josip Kotlar
in Entrepreneur & Innovation Exchange 3 June 2022
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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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
By Vittoria Magrelli Paola Rovelli Carlotta Benedetti Ruth Überbacher and Alfredo De Massis
in Family Business Review March 2022, vol. 35, no. 1, pp. 15-44, https://doi.org/10.1177/08944865211069781
Generations in family business: A multifield review and future research agenda
Generations in family business: A multifield review and future research agenda
By Vittoria Magrelli Paola Rovelli Carlotta Benedetti Ruth Überbacher and Alfredo De Massis
in Family Business Review March 2022, vol. 35, no. 1, pp. 15-44, https://doi.org/10.1177/08944865211069781
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…
By Michele Pinelli Thomas Niemand Pasquale Massimo Picone Sascha Kraus and Alfredo De Massis
in Journal of Small Business Management 17 November 2023, ePub before print, https://doi.org/10.1080/00472778.2023.2272262
Family firm entrepreneurship: An experimental study
By Michele Pinelli Thomas Niemand Pasquale Massimo Picone Sascha Kraus and Alfredo De Massis
in Journal of Small Business Management 17 November 2023, ePub before print, https://doi.org/10.1080/00472778.2023.2272262
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.
By Haja Al-Dajani Nupur Pavan Bang Rodrigo Basco (…) Alfredo De Massis and et al.
in International Journal of Entrepreneurial Behaviour and Research 21 November 2023, ePub before print, https://doi.org/10.1108/IJEBR-05-2023-0516
A multi-voiced account of family entrepreneuring research: Expanding the agenda of family entrepreneurship
By Haja Al-Dajani Nupur Pavan Bang Rodrigo Basco (…) Alfredo De Massis and et al.
in International Journal of Entrepreneurial Behaviour and Research 21 November 2023, ePub before print, https://doi.org/10.1108/IJEBR-05-2023-0516
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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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…
By G. Thomas Lumpkin Eduardo Meléndez and Sophie Bacq
in Academy of Management Perspectives 6 November 2023, ePub before print, https://doi.org/10.5465/amp.2022.0105
Civic wealth creation: Bypassing monopolies through collective action
By G. Thomas Lumpkin Eduardo Meléndez and Sophie Bacq
in Academy of Management Perspectives 6 November 2023, ePub before print, https://doi.org/10.5465/amp.2022.0105
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 …
By Maude Lavanchy Patrick Reichert Jayanth Narayanan and Krishna Savani
in Journal of Business Ethics November 2023, vol. 88, pp. 125–150, 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 November 2023, vol. 88, pp. 125–150, 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 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…
By José Parra-Moyano Gregor Reich and Karl Schmedders
in Computational Economics 31 October 2023, ePub before print, https://doi.org/10.1007/s10614-023-10503-2
A note on the non-proportionality of winning probabilities in Bitcoin
By José Parra-Moyano Gregor Reich and Karl Schmedders
in Computational Economics 31 October 2023, ePub before print, https://doi.org/10.1007/s10614-023-10503-2
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…
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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…
By Richard Baldwin Rebecca Freeman and Angelos Theodorakopoulos
in Asian Economic Policy Review 10 October 2023, ePub before print, https://doi.org/10.1111/aepr.12440
Deconstructing deglobalization: The future of trade is in intermediate services
By Richard Baldwin Rebecca Freeman and Angelos Theodorakopoulos
in Asian Economic Policy Review 10 October 2023, ePub before print, https://doi.org/10.1111/aepr.12440
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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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…
By Alyson Meister and Valerie Keller-Birrer
Case reference: IMD-7-2482 ©2023
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…
By Michael D. Watkins
Case reference: IMD-7-2507 ©2023
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…
By Goutam Challagalla Philip Charles Zerrillo and Raghu Batta
Case reference: IMD-7-2170 ©2023
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, …
By Michael D. Watkins
Case reference: IMD-7-2506 ©2023
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…
By Michael D. Watkins
Case reference: IMD-7-2486 ©2023
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…
By Alyson Meister and Valerie Keller-Birrer
Case reference: IMD-7-2470 ©2023
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.
By Konrad Lenniger and Michael D. Watkins
in I by IMD 28 November 2023
The new CEO’s guide to crisis management
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.
By Anand Narasimhan and Anandram Narasimhan
in I by IMD 24 November 2023
Navigating organizational change: A bitesize framework for leaders 
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?
By Michael R. Wade and David Bach
in I by IMD 23 November 2023
OpenAI: The future is looking great for AI, less so for humanity
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. 
By Julia Katharina Binder
in I by IMD 23 November 2023
Making the business case for the circular economy
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.
By Patrick Reinmoeller
in I by IMD 23 November 2023
Why Warren Buffett has bet on “bad” strategy in Japan’s comeback
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.
By Arturo Bris
in I by IMD 23 November 2023
Why national policies on artificial intelligence matter for countries’ prosperity 
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.
By Konrad Lenniger and Michael D. Watkins
in I by IMD 28 November 2023
The new CEO’s guide to crisis management
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.
By Anand Narasimhan and Anandram Narasimhan
in I by IMD 24 November 2023
Navigating organizational change: A bitesize framework for leaders 
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?
By Michael R. Wade and David Bach
in I by IMD 23 November 2023
OpenAI: The future is looking great for AI, less so for humanity
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. 
By Julia Katharina Binder
in I by IMD 23 November 2023
Making the business case for the circular economy
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.
By Arturo Bris
in I by IMD 23 November 2023
Why national policies on artificial intelligence matter for countries’ prosperity 
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.
By Patrick Reinmoeller
in I by IMD 23 November 2023
Why Warren Buffett has bet on “bad” strategy in Japan’s comeback
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…
By Nik Kinley and Shlomo Ben-Hur
Published By Palgrave Macmillan ©2023
Changing employee behavior: How to drive performance by bringing out the best in people (2nd edition)
By Nik Kinley and Shlomo Ben-Hur
Published By Palgrave Macmillan ©2023
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
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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…
By Arturo Bris Christos Cabolis José Caballero and Marco Pistis
Published By International Institute for Management Development ©2023
IMD World Competitiveness Yearbook: 2023
By Arturo Bris Christos Cabolis José Caballero and Marco Pistis
Published By International Institute for Management Development ©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
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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
Available Languages 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