IMD business school for management and leadership courses

The six disciplines of strategic thinking by Michael D Watkins - IMD Business School
Book Strategy Leadership
The Six Disciplines of Strategic Thinking
Latest awards & honors
More awards & honors
Academic publications
More academic publications
Article
Making the old new again through the process of recombinant innovation

Recombinant innovation—the process through which atypical and unexpected combinations of knowledge generate novel outcomes—is a critical driver of organizational distinctiveness and market transformation. While prior research has focused on firm- and industry-level mechanisms, less attention has been given to multilevel dynamics underpinning the…

Innovation Organizational Change
By Vittoria Magrelli, Josip Kotlar, Alfredo De Massis, Federico Frattini and Antonio Messeni Petruzzelli
in Journal of Product Innovation Management
4 September 2025, ePub before print, https://doi.org/10.1111/jpim.70003
Making the old new again through the process of recombinant innovation
By Vittoria Magrelli Josip Kotlar Alfredo De Massis Federico Frattini and Antonio Messeni Petruzzelli
in Journal of Product Innovation Management 4 September 2025, ePub before print, https://doi.org/10.1111/jpim.70003
Summary
Recombinant innovation—the process through which atypical and unexpected combinations of knowledge generate novel outcomes—is a critical driver of organizational distinctiveness and market transformation. While prior research has focused on firm- and industry-level mechanisms, less attention has been given to multilevel dynamics underpinning the…
Contact

Research Information & Knowledge Hub for additional information on IMD publications

Article
Outcome-based typology of social enterprises: Interlacing individual transformation, capital provision, and societal influence

Social entrepreneurship has emerged as a global phenomenon aimed at tackling societal grand challenges through market-based activities. A holistic understanding of social enterprise outcomes is crucial for reflecting their effectiveness in meeting social objectives and informing internal organizational processes. This study explores the outcomes…

Social Innovation
By Georgios Polychronopoulos, Martin Lukeš, Giuliano Sansone, Anirudh Agrawal, Florian Ulrich-Diener and Veronika Šlapáková Losová
in Journal of Management Studies
September 2025, vol. 62, no. 6, pp. 2387-2413, https://doi.org/10.1111/joms.13138
Outcome-based typology of social enterprises: Interlacing individual transformation, capital provision, and societal influence
By Georgios Polychronopoulos Martin Lukeš Giuliano Sansone Anirudh Agrawal Florian Ulrich-Diener and Veronika Šlapáková Losová
in Journal of Management Studies September 2025, vol. 62, no. 6, pp. 2387-2413, https://doi.org/10.1111/joms.13138
Summary
Social entrepreneurship has emerged as a global phenomenon aimed at tackling societal grand challenges through market-based activities. A holistic understanding of social enterprise outcomes is crucial for reflecting their effectiveness in meeting social objectives and informing internal organizational processes. This study explores the outcomes…
Contact

Research Information & Knowledge Hub for additional information on IMD publications

Article
Research on family offices: What is the way forward? A systematic literature review Author links open overlay

Despite the growing presence of family offices (FOs) in practice, research on FOs is still in its infancy. Through a systematic literature review (SLR) of 104 papers, we synthesize existing knowledge in the field by integrating insights from both academic and practitioner research. Our SLR provides a state-of-the-art understanding of FOs and ide…

Family Business
By Patrik Hayoz, Bingbing Ge and Alfredo De Massis
in Journal of Family Business Strategy
September 2025, vol. 16, no. 3, 100670, https://doi.org/10.1016/j.jfbs.2025.100670
Research on family offices: What is the way forward? A systematic literature review Author links open overlay
By Patrik Hayoz Bingbing Ge and Alfredo De Massis
in Journal of Family Business Strategy September 2025, vol. 16, no. 3, 100670, https://doi.org/10.1016/j.jfbs.2025.100670
Summary
Despite the growing presence of family offices (FOs) in practice, research on FOs is still in its infancy. Through a systematic literature review (SLR) of 104 papers, we synthesize existing knowledge in the field by integrating insights from both academic and practitioner research. Our SLR provides a state-of-the-art understanding of FOs and ide…
Contact

Research Information & Knowledge Hub for additional information on IMD publications

Article
Ethnography in Entrepreneurship research: Promises, pitfalls, and practical pathways

We seek to make ethnography more intelligible and accessible to entrepreneurship scholars. We begin by defining ethnography and discussing the promises and challenges of conducting ethnographic studies in entrepreneurship. Next, we offer practical advice for entrepreneurship scholars interested in conducting ethnographic studies, including sugge…

Entrepreneurship
By Eliana Crosina, Marco Mismetti, Alfredo De Massis, Michael G. Pratt and Trenton A. Williams
in Entrepreneurship Theory and Practice
25 August 2025, ePub before print, https://doi.org/10.1177/10422587251364820
Ethnography in Entrepreneurship research: Promises, pitfalls, and practical pathways
By Eliana Crosina Marco Mismetti Alfredo De Massis Michael G. Pratt and Trenton A. Williams
in Entrepreneurship Theory and Practice 25 August 2025, ePub before print, https://doi.org/10.1177/10422587251364820
Summary
We seek to make ethnography more intelligible and accessible to entrepreneurship scholars. We begin by defining ethnography and discussing the promises and challenges of conducting ethnographic studies in entrepreneurship. Next, we offer practical advice for entrepreneurship scholars interested in conducting ethnographic studies, including sugge…
Contact

Research Information & Knowledge Hub for additional information on IMD publications

Article
Seminal contributions and future directions in international business political behavior and nonmarket strategy: A tribute to Jean Boddewyn

Purpose Jean Boddewyn’s (1929–2022) work in international business political behavior launched a stream of research at the intersection of international business (IB) and strategic management that is now referred to as international nonmarket strategy (INMS). This article aims to pay tribute to Boddewyn’s scholarly legacy by providing an overvi…

Global Business Geopolitics
By Maria Andrea De Villa, Jonathan P. Doh, Izzet Sidki Darendeli, Marleen Dieleman, Joao Albino-Pimentel and Robert Grosse
in Multinational Business Review
15 August 2025, vol. 33, no. 3, pp. 401–430, https://doi.org/10.1108/MBR-10-2024-0201
Seminal contributions and future directions in international business political behavior and nonmarket strategy: A tribute to Jean Boddewyn
By Maria Andrea De Villa Jonathan P. Doh Izzet Sidki Darendeli Marleen Dieleman Joao Albino-Pimentel and Robert Grosse
in Multinational Business Review 15 August 2025, vol. 33, no. 3, pp. 401–430, https://doi.org/10.1108/MBR-10-2024-0201
Summary
Purpose Jean Boddewyn’s (1929–2022) work in international business political behavior launched a stream of research at the intersection of international business (IB) and strategic management that is now referred to as international nonmarket strategy (INMS). This article aims to pay tribute to Boddewyn’s scholarly legacy by providing an overvi…
Contact

Research Information & Knowledge Hub for additional information on IMD publications

Article
Predicting returns of listed private equity

We examine the predictive power of the net asset value (NAV)/price ratio for the LPX50 index, a key benchmark in the field of listed private equity, using monthly data from 2002 to 2024. A risk factor model reveals the index’s significant exposure to small-cap and value stocks. Autocorrelation tests indicate market inefficiencies and suggest pot…

Finance
By Arthur Enders, Michel Degosciu, Karl Schmedders and Maximilian Ulrich Werner
in Journal of Portfolio Management
August 2025, vol. 51, no. 9, https://doi.org/10.3905/jpm.2025.1.736
Predicting returns of listed private equity
By Arthur Enders Michel Degosciu Karl Schmedders and Maximilian Ulrich Werner
in Journal of Portfolio Management August 2025, vol. 51, no. 9, https://doi.org/10.3905/jpm.2025.1.736
Summary
We examine the predictive power of the net asset value (NAV)/price ratio for the LPX50 index, a key benchmark in the field of listed private equity, using monthly data from 2002 to 2024. A risk factor model reveals the index’s significant exposure to small-cap and value stocks. Autocorrelation tests indicate market inefficiencies and suggest pot…
Contact

Research Information & Knowledge Hub for additional information on IMD publications

Case studies
More case studies
Knowledge Hub – I by IMD
See more
Insights for practitioners
See more
Book
SuperEurope: The Unexpected Hero of the 21st Century

This book is a vindication of Europe. It challenges the view of Europe as a tired, overregulated continent, arguing instead that Europe has emerged from decades of crisis—financial turmoil, Brexit, COVID-19, war in Ukraine—as a resilient, reformed, and quietly successful model of governance and society. While the world often focuses on the rival…

Geopolitics Competitiveness Global Business
By Arturo Bris
Published by Independently published, © 2025
SuperEurope: The Unexpected Hero of the 21st Century
By Arturo Bris
Published by Independently published ©2025
Summary
This book is a vindication of Europe. It challenges the view of Europe as a tired, overregulated continent, arguing instead that Europe has emerged from decades of crisis—financial turmoil, Brexit, COVID-19, war in Ukraine—as a resilient, reformed, and quietly successful model of governance and society. While the world often focuses on the rival…
Copyright ©2025
Copyright owner External Copyright
Available Languages English
Contact

Research Information & Knowledge Hub for additional information on IMD publications

Book
The state of globalisation

The State of Globalisation brings together leading economists to examine how technology, policy, and geopolitics are simultaneously reshaping the global economy in unprecedented ways. Far from marking a simple retreat, today’s divergent forces are transforming cross-border trade, investment, and supply chains, generating both new risks of fragme…

Geopolitics Global Business Economics
Edited by Richard Baldwin and Michele Ruta
Published by CEPR Press, © 2025
The state of globalisation
By Richard Baldwin and Michele Ruta
Published by CEPR Press ©2025
Summary
The State of Globalisation brings together leading economists to examine how technology, policy, and geopolitics are simultaneously reshaping the global economy in unprecedented ways. Far from marking a simple retreat, today’s divergent forces are transforming cross-border trade, investment, and supply chains, generating both new risks of fragme…
Copyright ©2025
Copyright owner External Copyright
Available Languages English
Contact

Research Information & Knowledge Hub for additional information on IMD publications