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The Six Disciplines of Strategic Thinking
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Article
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…

Family Business Performance Management Resilience
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
January 2024, vol. 62, pp. 213–241, 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 January 2024, vol. 62, pp. 213–241, 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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Academic publications
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Article
Executive gender and firm leverage decisions: The role of firm ownership and governance

Female leadership in strategic decision-making has received considerable attention in the context of global gender inequality. To advance our understanding of the role of executive gender in corporate financing decisions, we examine whether family firms are less likely to use leverage than their non-family counterparts when they have a female le…

Family Business Board Diversity and Equity and Inclusion
By Alfredo De Massis, Fernando Muñoz-Bullón, Maria J. Sanchez-Bueno, Pilar Velasco and Silvio Vismara
in Journal of Business Research
June 2024, vol. 179, 114700, https://doi.org/10.1016/j.jbusres.2024.114700
Executive gender and firm leverage decisions: The role of firm ownership and governance
By Alfredo De Massis Fernando Muñoz-Bullón Maria J. Sanchez-Bueno Pilar Velasco and Silvio Vismara
in Journal of Business Research June 2024, vol. 179, 114700, https://doi.org/10.1016/j.jbusres.2024.114700
Summary
Female leadership in strategic decision-making has received considerable attention in the context of global gender inequality. To advance our understanding of the role of executive gender in corporate financing decisions, we examine whether family firms are less likely to use leverage than their non-family counterparts when they have a female le…
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Article
The evolution of craft work in the strategic development of a family enterprise

Craft firms characterized by a humanistic approach to work face a tension between adhering to pure craft principles and embracing industrialization. This challenge is heightened in family-controlled craft firms, striving to uphold tradition while adapting to change. This study examines how craft work evolves along the trajectory of entrepreneur…

Family Business Entrepreneurship
By Emanuela Rondi, Vittoria Magrelli, Francesco Debellis and Alfredo De Massis
in Strategic Entrepreneurship Journal
9 May 2024, ePub before print, https://doi.org/10.1002/sej.1503
The evolution of craft work in the strategic development of a family enterprise
By Emanuela Rondi Vittoria Magrelli Francesco Debellis and Alfredo De Massis
in Strategic Entrepreneurship Journal 9 May 2024, ePub before print, https://doi.org/10.1002/sej.1503
Summary
Craft firms characterized by a humanistic approach to work face a tension between adhering to pure craft principles and embracing industrialization. This challenge is heightened in family-controlled craft firms, striving to uphold tradition while adapting to change. This study examines how craft work evolves along the trajectory of entrepreneur…
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Article
Analyzing swings in Bitcoin returns: A comparative study of the LPPL and sentiment-informed random forest models

Forecasting Bitcoin’s returns continues to be a challenging endeavor for both scholars and practitioners. In this paper, we train a random forest model on a variety of features, with the aim of predicting pronounced changes in the returns of Bitcoin. The model that we present in this paper outperforms the baseline model with which we compare it:…

Finance
By José Parra Moyano, Daniel Partida, Moritz Gessl and Somnath Mazumdar
in Digital Finance
1 May 2024, ePub before print, https://doi.org/10.1007/s42521-024-00110-7
Analyzing swings in Bitcoin returns: A comparative study of the LPPL and sentiment-informed random forest models
By José Parra Moyano Daniel Partida Moritz Gessl and Somnath Mazumdar
in Digital Finance 1 May 2024, ePub before print, https://doi.org/10.1007/s42521-024-00110-7
Summary
Forecasting Bitcoin’s returns continues to be a challenging endeavor for both scholars and practitioners. In this paper, we train a random forest model on a variety of features, with the aim of predicting pronounced changes in the returns of Bitcoin. The model that we present in this paper outperforms the baseline model with which we compare it:…
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Article
The lean impact start-up framework: Fueling innovation for positive societal change

How can innovative solutions to address societal grand challenges be cultivated in a pragmatic and impactful way? In this article, we propose the “lean impact start-up” framework, which integrates the principles of the lean start-up methodology with fresh perspectives from new stakeholder theory—and specifically, stakeholder governance. The lean…

Social Innovation Entrepreneurship
By Sophie Bacq and Stephanie Wang
in Journal of Management
5 April 2024, ePub before print, https://doi.org/10.1177/01492063241240713
The lean impact start-up framework: Fueling innovation for positive societal change
By Sophie Bacq and Stephanie Wang
in Journal of Management 5 April 2024, ePub before print, https://doi.org/10.1177/01492063241240713
Summary
How can innovative solutions to address societal grand challenges be cultivated in a pragmatic and impactful way? In this article, we propose the “lean impact start-up” framework, which integrates the principles of the lean start-up methodology with fresh perspectives from new stakeholder theory—and specifically, stakeholder governance. The lean…
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Article
The localness effect of family firm branding on consumer perceptions and purchase intention: An experimental approach

Consumer preferences are changing, wherein brands with a pronounced local identity are garnering increased favorability. While family firms often embody this concept, there is limited consumer-focused research on its role in family firm management and branding. Drawing from consumer inference theory, we propose that consumers use a firm’s family…

Family Business Branding
By Philipp Jaufenthaler, Andreas Kallmuenzer, Sascha Kraus and Alfredo De Massis
in Journal of Small Business Management
2 April 2024, ePub before print, https://doi.org/10.1080/00472778.2024.2326581
The localness effect of family firm branding on consumer perceptions and purchase intention: An experimental approach
By Philipp Jaufenthaler Andreas Kallmuenzer Sascha Kraus and Alfredo De Massis
in Journal of Small Business Management 2 April 2024, ePub before print, https://doi.org/10.1080/00472778.2024.2326581
Summary
Consumer preferences are changing, wherein brands with a pronounced local identity are garnering increased favorability. While family firms often embody this concept, there is limited consumer-focused research on its role in family firm management and branding. Drawing from consumer inference theory, we propose that consumers use a firm’s family…
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Article
Are software automation and teleworker substitutes? Preliminary evidence from Japan

Digital technology is reshaping workplaces by enabling spatial separation of offices, known as telework, or remote intelligence (RI) and by facilitating automation of service sector tasks via artificial intelligence (AI). This paper is the first attempt to empirically investigate whether AI and RI are complements or substitutes in the service se…

Technology Management Artificial Intelligence
By Richard Baldwin and Toshihiro Okubo
in The World Economy
April 2024, vol. 47, no. 4, pp. 1531-1556, https://doi.org/10.1111/twec.13496
Are software automation and teleworker substitutes? Preliminary evidence from Japan
By Richard Baldwin and Toshihiro Okubo
in The World Economy April 2024, vol. 47, no. 4, pp. 1531-1556, https://doi.org/10.1111/twec.13496
Summary
Digital technology is reshaping workplaces by enabling spatial separation of offices, known as telework, or remote intelligence (RI) and by facilitating automation of service sector tasks via artificial intelligence (AI). This paper is the first attempt to empirically investigate whether AI and RI are complements or substitutes in the service se…
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Case studies
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Knowledge Hub – I by IMD
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Article
As conference season unfolds, strategies for leading panel discussions

Leaders often get asked to spearhead discussions at global gatherings. You cannot just rock up and hope for the best. Preparation, active listening, and adaptability are the guiding principles for creating forums of exchange and exploration.

Leadership
By Susan Goldsworthy
in I by IMD
14 May 2024
As conference season unfolds, strategies for leading panel discussions
By Susan Goldsworthy
in I by IMD 14 May 2024
Summary
Leaders often get asked to spearhead discussions at global gatherings. You cannot just rock up and hope for the best. Preparation, active listening, and adaptability are the guiding principles for creating forums of exchange and exploration.
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Article
How dacadoo’s startup agility got a risk-averse industry moving

Startups can harness their inherent agility to stir up stagnant, risk-averse industries, suggests IMD’s James Henderson.

Strategy Start-up
By James E. Henderson
in I by IMD
9 May 2024
How dacadoo’s startup agility got a risk-averse industry moving
By James E. Henderson
in I by IMD 9 May 2024
Summary
Startups can harness their inherent agility to stir up stagnant, risk-averse industries, suggests IMD’s James Henderson.
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Article
By striving to be globally competitive, cities are defining the future

Whatever scenarios we might imagine about the next wave of globalization, cities are striving to be future-ready. It is now clear that in doing so they will also influence our future, says Bruno Lanvin.

Future Readiness Innovation Strategy
By Bruno Lanvin
in I by IMD
8 May 2024
By striving to be globally competitive, cities are defining the future
By Bruno Lanvin
in I by IMD 8 May 2024
Summary
Whatever scenarios we might imagine about the next wave of globalization, cities are striving to be future-ready. It is now clear that in doing so they will also influence our future, says Bruno Lanvin.
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Insights for practitioners
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Article
As conference season unfolds, strategies for leading panel discussions

Leaders often get asked to spearhead discussions at global gatherings. You cannot just rock up and hope for the best. Preparation, active listening, and adaptability are the guiding principles for creating forums of exchange and exploration.

Leadership
By Susan Goldsworthy
in I by IMD
14 May 2024
As conference season unfolds, strategies for leading panel discussions
By Susan Goldsworthy
in I by IMD 14 May 2024
Summary
Leaders often get asked to spearhead discussions at global gatherings. You cannot just rock up and hope for the best. Preparation, active listening, and adaptability are the guiding principles for creating forums of exchange and exploration.
Contact

Research Information & Knowledge Hub for additional information on IMD publications

Article
How to implement AI — responsibly

Researchers engaged with organizations across a variety of industries, each at a different stage of implementing responsible AI. They determined that, although data engineers and data scientists typically take on most responsibility from conception to production of AI development lifecycles, non-technical leaders can play a key role in ensuring …

Artificial Intelligence Technology Management Business Ethics
By Michael R. Wade and Tomoko Yokoi
in HBR.org
10 May 2024
How to implement AI — responsibly
By Michael R. Wade and Tomoko Yokoi
in HBR.org 10 May 2024
Summary
Researchers engaged with organizations across a variety of industries, each at a different stage of implementing responsible AI. They determined that, although data engineers and data scientists typically take on most responsibility from conception to production of AI development lifecycles, non-technical leaders can play a key role in ensuring …
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Book
The future-ready leader: Accelerated learning for business success

If you’re a business leader looking to stay ahead of the curve, this book is an essential guide. It offers a comprehensive overview of the major trends shaping the future of business, drawing on reviews of 70 recent management books and interviews with 21 senior leaders. What sets this book apart is that it’s grounded in the real-world experienc…

Leadership Disruption Change Management Strategy
By Peter Lorange and Karin Mugnaini
Published by Springer, © 2023
The future-ready leader: Accelerated learning for business success
By Peter Lorange and Karin Mugnaini
Published by Springer ©2023
Summary
If you’re a business leader looking to stay ahead of the curve, this book is an essential guide. It offers a comprehensive overview of the major trends shaping the future of business, drawing on reviews of 70 recent management books and interviews with 21 senior leaders. What sets this book apart is that it’s grounded in the real-world experienc…
Copyright ©2023
Copyright owner External Copyright
Available Languages English
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Book
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…

Competitiveness Economics Data Analytics
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
Contact

Research Information & Knowledge Hub for additional information on IMD publications