IMD business school for management and leadership courses

Awards & Honors
Article Family Business
The COVID-19 pandemic and family business performance
This study examines the impact of the COVID-19 pandemic on corporate financial performance using a unique, cross-country, and longitudinal sample of 3350 listed firms worldwide. We find that the financial performance of family firms has been significantly higher than that of nonfamily firms during the COVID-19 pandemic, accounting for pre-pandem…
Listed among the Top 10 most downloaded papers for 2023 in Small business economics: An entrepreneurship journal
By Ivan Miroshnychenko Giorgio Vocalelli Alfredo De Massis Stefano Grassi and Francesco Ravazzolo
in Small Business Economics 10 April 2023, ePub before print, https://doi.org/10.1007/s11187-023-00766-2
The COVID-19 pandemic and family business performance
By Ivan Miroshnychenko Giorgio Vocalelli Alfredo De Massis Stefano Grassi and Francesco Ravazzolo
in Small Business Economics 10 April 2023, ePub before print, https://doi.org/10.1007/s11187-023-00766-2
Summary
This study examines the impact of the COVID-19 pandemic on corporate financial performance using a unique, cross-country, and longitudinal sample of 3350 listed firms worldwide. We find that the financial performance of family firms has been significantly higher than that of nonfamily firms during the COVID-19 pandemic, accounting for pre-pandem…
Listed among the Top 10 most downloaded papers for 2023 in Small business economics: An entrepreneurship journal
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Case Study Entrepreneurship Disruption Strategy Sustainability
SIBIUS: Battling cognitive disorders
Sept 2022. Corinne Avelines, SIBIUS’s CEO, had received the news that the results of the first large-scale test of the company’s first product had just been published. The test, conducted with children between 3 and 4 years old, validated their approach to early detection of autism. The technology was grounded in research showing that it was pos…
2024 John Molson MBA International Case Writing Competition – 3rd Prize
By Benoit F. Leleux Giorgia Riba Renee Pazdan Manu K. Mathew and Arvind Hurboseea
Case reference: IMD-7-2447 ©2023
SIBIUS: Battling cognitive disorders
Professors honored by The Case Centre among the top 50 best-selling case authors (2022/2023)
Kamran Kashani
Kamran Kashani
Emeritus Professor
Peter Killing
Peter Killing
Emeritus Professor
Dominique Turpin
Dominique Turpin
Emeritus Professor
Stefan Michel
Stefan Michel
Professor
Case Study Entrepreneurship Strategy Leadership
Valeur Absolue: Values-based entrepreneurship
The case discusses the development of Valeur Absolue – the niche luxury perfume company – from its inception in 2012 through to 2022 and the leadership journey of its founder Bénédicte Foucart. In pursuit of her purpose to empower women and increase the positive energy in their lives, Bénédicte believed that she would be able to address women’s …
2024 John Molson MBA International Case Writing Competition – 4th Prize
By Heather Cairns-Lee Benoit F. Leleux Anna Khrustaleva Connie Anyika Oksana Matyukha and Ramil Babayev
Case reference: IMD-7-2504 ©2023
Valeur Absolue: Values-based entrepreneurship
Case Study Strategy
AMAG: Creating its own future in a disrupted automotive industry
AMAG is Switzerland’s premier automotive retail and service company, holding exclusive rights to import Volkswagen Group car brands such as Audi, Volkswagen, Skoda, Cupra and Seat. In 2022 AMAG had 7,300 employees and a revenue of CHF 4.4 billion. The electrification of the automotive industry and the introduction of the agency model by the Volk…
2024 John Molson MBA International Case Writing Competition – 2nd Prize
By Stefan Michel Daniel Gerber Vikas Munjal David Rivière Stephan Thalmann and Esther Lind
Case reference: IMD-7-2498 ©2023
AMAG: Creating its own future in a disrupted automotive industry
Case Study Sustainability Family Business
Grundfos (B): “Solved in a better way”
Without much family discussion, PDJ put majority ownership of Grundfos into the Poul Due Jensen Foundation in 1975. His family would receive a 15% stake in the company. This ownership stake was important, since by Danish law, the company could be sold if family ownership fell below 10%. The 8-member foundation board would oversee the company’s l…
Selected for the 2024 Schlesinger Global Family Enterprise Case Competition
By Peter Vogel and Colleen Lief
Case reference: IMD-7-2375 ©2023
Grundfos (B): “Solved in a better way”
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
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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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
By Heather Cairns-Lee and Tawfik Jelassi
Case reference: IMD-7-2330 ©2022
OCP: Liberating energy to create sustainable growth
Case Study Sustainability Family Business
Grundfos (A): “Be, think, innovate”
Poul Due Jensen (PDJ), the son of a Danish workhouse manager, had seen first-hand how harsh life can be. He understood early on that he needed to stand on his own two feet. After being orphaned aged 17, he worked as a machine operator, but soon founded his own water technology company, Grundfos Holding A/S, in 1944. He responded to a customer’s …
Selected for the 2024 Schlesinger Global Family Enterprise Case Competition
By Peter Vogel and Colleen Lief
Case reference: IMD-7-2374 ©2023
Grundfos (A): “Be, think, innovate”
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 FamilyBusiness.org 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 FamilyBusiness.org 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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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
By Bingbing Ge Alfredo De Massis and Josip Kotlar
in FamilyBusiness.org 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 FamilyBusiness.org 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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Research Information & Knowledge Hub for additional information on IMD publications

Report Organizational Learning Organizational Change
The LEGO Group & IMD: Building the leadership playground
In 2017, the LEGO Group’s sales had stalled after more than a decade of strong growth. The challenging external retail environment was expected to continue. Internally there was stagnation stemming from a weakened innovation drive and lack of focused delivery. Something had to change: The 90-year-old family-owned business needed to empower its …
EFMD Excellence in Practice 2023 Gold Award
By John R. Weeks and Nancy Lane
EFMD Excellence in Practice Case, May 2023
The LEGO Group & IMD: Building the leadership playground
Case Study Sustainability Communication Leadership
“Carbon is the new calorie”: Logitech’s carbon impact label to drive transparency in sustainability
This topical case covers the period from 2019 to 2022, when Prakash Arunkundrum, head of global operations and sustainability at Logitech, was focusing on reducing the company’s carbon footprint. It recounts how he and his team gained internal support to embark on an ambitious carbon labeling initiative and created a transparent methodology to a…
2022 EFMD Case Writing Competition Award – Responsible Leadership; 2024 – The Case Centre Awards – Outstanding Case Writer: Hot Topic Competition winner
By Julia Katharina Binder and Heather Cairns-Lee
Case reference: IMD-7-2416 ©2022
“Carbon is the new calorie”: Logitech’s carbon impact label to drive transparency in sustainability
Case Study Sustainability Social Innovation Entrepreneurship Strategy
Angaza: A Silicon Valley journey
Angaza’s story is not a typical solar light story, but the story of a female social entrepreneur with a for-profit Silicon Valley mindset transforming a social enterprise from a hardware to a software business model. It is about pivots, changing value propositions, and new products and business models as Angaza evolves to escalate social impact …
2021 EFMD Case Writing Competition Award – African Business Cases; 2023 Financial Times Responsible Business Education Awards – Highly Commended
Best-selling Case Study
By Vanina Farber and Shih-Han Huang
Case reference: IMD-7-2114 ©2020
Angaza: A Silicon Valley journey
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…
2023 Financial Times Responsible Business Education Awards – Highly Commended
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