IMD business school for management and leadership courses
In late 2023, when the management team at the consumer packaged goods company Reckitt considered adopting gen AI, potential use cases spanned the business—from drafting presentations to delivering customer support to optimizing procurement contracts. Many of the use cases guaranteed time savings and an immediate return on investment, but they ap…
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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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How do individuals evaluate their capacity to contribute to positive social change when choosing careers? Drawing on construal level and prosocial motivation theories, we examine how contact with social issues and potential beneficiaries shapes individuals’ self-evaluations, and how these self-evaluations influence their social entrepreneurial a…
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We investigate family CEO birth order as an antecedent of family firms’ CSR behavior. Despite psychology literature recognizing it as a key predictor of individual behavior, birth order has been largely neglected in management research. Drawing on behavioral economics and evolutionary psychology—specifically, the Family Niche Model—we identify e…
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Non-family managers play a crucial role in fostering innovation within family firms, yet their impact remains debated due to inconsistent research findings and a lack of comprehensive synthesis. This study integrates this effect through a meta-analysis of 213 effect sizes from 101 studies. The results demonstrate a positive influence of non-fami…
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Does the use of a certain type of ethical language indicate that managers are failing to behave in a socially responsible manner? Managers are increasingly using language related to ethics, values, and corporate purpose in their communications with stakeholders. However, while economic models argue that “talk is cheap,” we predict that some ethi…
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Why is there such a disconnect between customer centricity as a concept and its actual application by firms? Spanning all business model dimensions, our research points to three traps that cause organizations to lose focus on customers over time: product focalization, rigid organizational boundaries, and a fixed-pie mindset. While these traps ar…
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Companies are being forced to rethink how they invest, operate and manage risk as the Iran war reshapes the global economic outlook. What began as a geopolitical shock is now feeding directly into boardroom decisions, pushing executives to delay spending, preserve cash and reassess their tolerance for risk. The conflict is driving a repricing of…
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For decades, venture capital operated on a predictable timeline: invest early, build companies over a ten to twelve-year fund lifecycle, and return capital to limited partners through IPO or acquisition. That model has come under sustained pressure. In the United States, over 40% of active unicorns raised their first venture round more than a de…
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According to the morning-after news, Arizona University’s men’s basketball, a popular favorite for the NCAA tournament championship which crowns the best Division One basketball team in the nation from a starting field of sixty-eight conference champions and regular season high-flyers, abandoned its coaching presence and left it up to the team t…
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Here’s a story you’re probably familiar with: You buy the reusable coffee cup. It’s beautiful, ethical, made from recycled ocean plastic, and you feel good about your purchase. But then it leaks in your bag, ruins a notebook, and by week two it’s sitting in a cabinet while you’re back to disposable cups and a vague sense of guilt. Or maybe it’s …
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“I am done. I feel like staying in bed until the next holiday” a leader said to me last month, slumping into his chair at the end of a long meeting. “And it pains me, because my example is needed more than ever.” Over the past year, I have heard variations of this sentiment from dozens of public and private sector leaders across industries and g…
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The nail is six inches long. Sharpened to a surgical point. Mounted on a hydraulic press behind plate glass. The press drops slowly enough that you can count your own heartbeat between the moment it touches the battery cell and the moment it punctures the casing. I am standing in BYD’s visitor center in Shenzhen, February 2026, shoulder to shoul…
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