IMD business school for management and leadership courses
Recent US-Cambodia and US-Malaysia trade agreements include ‘poison pills’ echoing an earlier precedent, United States-Mexico-Canada Agreement (USMCA). For trading partners navigating intensifying US-China geopolitical rivalry, these provisions complicate hedging strategies. In practice, the bite of these provisions may be less than their formal…
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This qualitative study explores how individuals try on entrepreneurship during crisis. We discover that individuals use entrepreneurship as a way to envision a possible future in a moment when their occupational trajectory is upended. We reveal that, when a crisis generates a sense of occupational disorientation, individuals are driven to regain…
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This paper investigates why firms facing identical carbon-pricing incentives exhibit heterogeneous decarbonization trajectories. We address this question through a theoretical framework that conceptualizes national institutional quality and innovation-system capabilities as boundary conditions that shape firms’ adjustment capacity under emission…
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The operating theater is an emotionally and cognitively demanding arena where anesthesiologists and surgeons operate under time pressure, uncertainty, and responsibility. Team interactions in such settings frequently reveal humor, irony, or cynicism, behaviors that represent underlying ego defense mechanisms. We explore how defense mechanisms s…
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The fourth industrial revolution (I4.0) is critically relevant to the future of business management. In this study, we theoretically examine I4.0 investment and implementation from a social capital perspective. By explicating the various forms of social capital in family firms—namely, family-owned, family-managed, multigenerational, and single-g…
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Transformational leadership is recognized for bringing family members together; however, its role in multi-unit complex family firms that rely on nonfamily managers is poorly theorized. We find that transformational family chief executive officers (CEOs) positively affect the performance of business units run by nonfamily managers, suggesting th…
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