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June 2017

By Knut Haanaes, Howard H. Yu, Jennifer Jordan, Karine Avagyan with Lindsay McTeague.
Contributors: Martin Reeves, José Lopez.

In a business environment that is changing ever more quickly and becoming increasingly uncertain and complex, it has never been more important – or more difficult – to choose the right approach to...

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May 2017

By Tawfik Jelassi, Karine Avagyan with Michelle Perrinjaquet.
Contributors: Lars Häggström, Feena May.

Organizations today operate in an increasingly volatile, uncertain, complex and ambiguous environment. However, even more challenging for top management is the increasing necessity to lead in turbulen...

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May 2017

By Michael R. Wade, Andrew Tarling, Remy El Assir
Contributor: Rainer Neubauer.

In March 2017, over 90 executives attended an IMD Discovery Event to learn about the leadership knowledge, skills and behaviours required to succeed in a digitally disruptive environment. New research...

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March 2017

By Howard H. Yu, Knut Haanaes, Jayanth Narayanan, Ivy Buche with Lindsay McTeague.

Around 70 executives recently took part in a highly participative IMD Discovery Event to understand the concept of open innovation that is currently democratizing invention and product development, by...

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March 2017

By Martha L. Maznevski, Charles Dhanaraj, Anouk Lavoie Orlick with Lindsay McTeague.
Contributors: Phillipe Jost, Sebastian Pons Miquel, Ebru Katip.

Almost 100 executives attended a recent Discovery Event to find out how global organizations can create successful collaboration patterns and networks. Professors Martha Maznevski and Charles Dhanaraj...

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March 2017

By Anand Narasimhan, Stéphane J. G. Girod, Knut Haanaes, Nancy Lane with Susan Stehli.

Participants from around the world gathered at an IMD Discovery Event in September 2016 to learn how companies can bridge the capability gaps that prevent them from benefitting fully from an...

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December 2016

By Stefan Michel, Michael Sorell with Michelle Perrinjaquet.

While organizations might think they understand competitive pricing, potential sales are often lost because of price competition. The challenge that most businesses face is that they cannot afford to...

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December 2016

By Carlos A. Primo Braga, James E. Henderson, Howard H. Yu, William A. Fischer, Karine Avagyan with Susan Stehli.

In March 2016, ICRC hosted its second GPHI2 event at IMD,¦this time focused on Health in Fragile Environments. The event gathered more than 250 participants from the corporate, academic and humanitari...

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October 2016

By Michael R. Wade, Jialu Shan, Andrew Tarling
Contributors: Jeff Loucks, James Macaulay, Andy Noronha, Joel Barbier.

In May 2016, around 80 executives from 42 global organizations attended an IMD Discovery Event hosted by the Global Center for Digital Business Transformation. The aim of the event was to explore how...

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September 2016

By Michael R. Wade, Jialu Shan with Lindsay McTeague.
Contributors: Jeff Loucks, James Macaulay, Andy Noronha.

In February 2016, around 70 executives attended an IMD Discovery Event hosted by the Global Center for Digital Business Transformation. The purpose was to shed light on strategic responses to digital...

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August 2016

By Cyril Bouquet, William A. Fischer, Howard H. Yu, Michael Sorell with Susan Stehli.

Organizations like Bombardier, Tesla, Rent the Runway and TopCoder developed novel ideas by ignoring the assumptions of the past and focusing instead on creating a new future. They remind us that we a...

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July 2016

By Jean-Pierre Lehmann, Ivy Buche with Michelle Perrinjaquet.
Contributors: Marc Laperrouza, Shuaihua Cheng, Lu Xiankun, Jean-Guy Carrier, Marion Jansen, Félix Sutter, Yeroen Van der Leer.

In February 2016, senior strategy executives attended an IMD Discovery Event to learn more about China’s “One Belt – One Road” initiative, potentially the most dramatic transformation of the world...

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July 2016

By Salvatore Cantale, Karine Avagyan with Susan Stehli.

Finance is straightforward once you grasp the language and logic behind it. It provides analytical tools that can help managers make better-informed decisions, all of which will somehow affect financi...

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April 2016

By Carlos Cordon, Michael Sorell with Susan Stehli.
Contributors: Pau Garcia-Milà, Shawn Fedun.

Big data is a big deal for CEO'sas it is having a huge impact on all types of companies - even those not using it themselves. In fact, it has reached a tipping point in almost every aspect of business.

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March 2016

By Mikolaj Jan Piskorski, Carlos Cordon, Athanasios Kondis

In September 2015, almost 100 senior executives with diverse industry backgrounds and expertise attended an IMD Discovery Event on digital and social media. They had the opportunity to analyze how the...

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March 2016

By Albrecht Enders, Anouk Lavoie Orlick with Michelle Perrinjaquet.
Contributors: Andreas König, Christian Grobe.

Over 50 participants from all over the world gathered at IMD in September 2015 to hear how the Sharing Economy is ushering in new business paradigms in traditional industries such as rental...

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January 2016

By Charles Dhanaraj, Thomas W. Malnight, Anand Narasimhan, Goutam Challagalla, Ivy Buche with Lindsay McTeague.
Contributors: Chandrasekhar Sripada, Ravindra P. Jaiswal, Norbert Raschle, Michael Enderle.

A Discovery Event in June 2015 stimulated discussion of the broad changes in the Indian economic landscape as the Narendra Modi-led reform-minded, pro-business government completed its first year in...

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January 2016

By Arturo Bris, Michael Sorell with Susan Stehli.
Contributors: José Caballero, Christos Cabolis.

In June 2015, 25 participants gathered in Lausanne for a Discovery Event about the difference between country and business competitiveness and how together they can drive growth for society.

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October 2015

By Seán Meehan, Christopher Zintel with Lindsay McTeague.
Contributors: Charlie Dawson, Tim Mason.

What happens when organizations grow and enjoy success? Do they get caught in the “winner’s tornado” where increased complexity and growing demands on management lead them to spiral out of control and...

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October 2015

By Donald A. Marchand, Mikolaj Jan Piskorski, Michael R. Wade, Anouk Lavoie Orlick with Susan Stehli.
Contributors: Jim Barrington, Christian Bucheli, Filippo Passerini.

There have always been market disruptions as new technologies emerge. How is “digital” different? Most importantly, what are the best strategies for businesses to adopt in order to successfully underg...

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March 2015

By Carlos A. Primo Braga, Robert Hooijberg, Jean-Pierre Lehmann, Anand Narasimhan, Paul Strebel, Athanasios Kondis

Brazil has always been referred to as a land of opportunity and great potential. Famous Austrian writer Stefan Sweig declared in 1941 that, “Brazil is the Country of the Future.” In his welcome...

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March 2015

By Daniel R. Denison, Anand Narasimhan, Mikolaj Jan Piskorski, Ivy Buche
Contributor: Jorrit Volkers.

• Organization redesign has a greater probability of succeeding if it occurs before it is necessary. It is really difficult to achieve if the company is already in crisis mode. • Each stage should bui...

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March 2015

By Carlos A. Primo Braga, William A. Fischer, Maury A. Peiperl, Charles Dhanaraj, Daina Mazutis, Christopher Zintel
Contributors: Peter Maurer, Yves Daccord, Pascal Hundt, Nik Gowing.

The Global Partnerships for Humanitarian Impact and Innovation (GPHI2) – an initiative by the International Committee of the Red Cross (ICRC) with support from Fondation Lombard Odier and IMD – aims t...

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March 2015

By Carlos A. Primo Braga, William A. Fischer, Maury A. Peiperl, Charles Dhanaraj, Daina Mazutis, Christopher Zintel
Contributors: Peter Maurer, Yves Daccord, Pascal Hundt, Nik Gowing.

The Global Partnerships for Humanitarian Impact and Innovation (GPHI2) – an initiative by the International Committee of the Red Cross (ICRC) with support from Fondation Lombard Odier and IMD – aims t...

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February 2015

By George Kohlrieser, Anouk Lavoie Orlick with Michelle Perrinjaquet.
Contributor: Rosa Luisa Rossi.

Resilience is the human capacity to meet adversity, setbacks and trauma, and then recover from them in order to live life fully. Resilient leaders have the ability to sustain their energy level under...

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February 2015

By Ugo Panizza, Arturo Bris, Carlos A. Primo Braga, Ivy Buche

Argentina was still in the eye of a sovereign debt storm when it passed new legislation on 11 September 2014 on paying foreign bonds through a local trustee - thereby replacing the Bank of New York...

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January 2015

By Howard H. Yu, Thomas W. Malnight, Ben Bryant, Sophie Coughlan with Michelle Perrinjaquet.

In today’s dynamic and complex environment, businesses need to be geared to situations of volatility and ambiguity rather than of certainty and predictability. This means understanding the major chang...

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December 2014

By Carlos A. Primo Braga, Athanasios Kondis
Contributors: Clemens Boonekamp, Michael Gadbaw, Aluisio de Lima-Campos, John Magnus, Vera Thorstensen, Claus Zimmermann.

In July 2014, about 60 participants attended a debate organized by The Evian Group@IMD. A panel of speakers, moderated by Professor Carlos Braga, engaged in a discussion with participants about ways o...

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December 2014

By Donald A. Marchand, Michael R. Wade, Fang Liu with Susan Stehli.
Contributors: Lita Sands, Achim Plueckebaum.

Almost 100 participants from all over the world took part in a Discovery Event on Digital Business Transformation in May 2014, where IMD Professors Donald Marchand and Michael Wade shared the latest...

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October 2014

By Jean-Pierre Lehmann, Carlos A. Primo Braga, Ivy Buche with Lindsay McTeague.
Contributors: Simon Evenett, Alejandro Jara.

The world economy has become increasingly interconnected and interdependent in the post-World War II era. Although the term “globalization” may mean different things to different people, it essentiall...

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October 2014

By Robert Hooijberg, Nancy Lane with Michelle Perrinjaquet.
Contributor: John Antonakis.

There is a gap between what can be called the “soft” side of leadership (transformational) and the side that is more focused on “carrots and sticks” (transactional). Although both are important elemen...

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September 2014

By Jean-Pierre Lehmann, Carlos A. Primo Braga, Howard H. Yu, Charles Dhanaraj, Nancy Lane with Lindsay McTeague.

We live in chaotic times. Asia faces both demographic and resource pressures that will influence how its main players act in order to secure their economic prosperity. There has never been a green...

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August 2014

By James E. Henderson, Charles Dhanaraj, Karine Avagyan with Michelle Perrinjaquet.

Alliances and partnerships have always been part of human history in all areas of life – from private to public and from politics to business. Companies have worked with partners across countries,...

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August 2014

By Martha L. Maznevski, Charles Dhanaraj, Christopher Zintel with Lindsay McTeague.

As a global leader you are facing unprecedented complexity in an increasingly globalized world. How do you make sense of the different cultures you engage with? How do you manage these differences,...

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May 2014

By Michael D. Watkins, Anouk Lavoie Orlick with Susan Stehli.

Why do so many competent leaders fail to transition into new roles successfully? What is it about senior job transitions – whether coming in from the outside or moving upward or sideways within the...

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May 2014

By Bettina Büchel, Michael Sorell
Contributor: Zsuzsa Tungli.

In our globalizing and interconnected world, more and more executives need to perform “global work.” Global work can be defined as interacting across different cultures and markets, and it can be done...

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April 2014

By Ishtiaq Pasha Mahmood, Athanasios Kondis with Susan Stehli.

Frugal innovation is about delivering more value at lower costs to more people. It is frugal because you need to adopt a mindset of simplicity and extremely low cost without sacrifing the quality of t...

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March 2014

By Anand Narasimhan, Albrecht Enders, Donald A. Marchand, Seán Meehan, Michael R. Wade, Nancy Lane with Susan Stehli.

Corporations must learn and adapt to thrive in the rapidly changing business environment. In its 25 years of existence, IMD has worked with some of the best and most sophisticated organizations on the...

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March 2014

By Albrecht Enders, Christopher Zintel with Susan Stehli.
Contributor: Andreas König.

Managers need to be able to make sense of rapidly changing and often confusing business environments, and their actions and decisions are based on theories, assumptions or intuitions. Yet many of our...

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January 2014

By Bettina Büchel, Michael Sorell

Our ability to absorb and process all the information that we need to make daily managerial decisions is limited. To cope, our brain filters the flow of information coming from the outside. Over time...

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December 2013

By Daina Mazutis, Donald A. Marchand, Christopher Zintel
Contributors: Jim Barrington, Sylvia Ischer.

In today’s increasingly connected and transparent business environment, it is not just the “what” of a company’s strategy¦that will determine its success or failure. Questions regarding the character ...

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October 2013

By J. Stewart Black, Manjith Manohar with Susan Stehli.

Five seismic shifts are taking place within the business environment, and human capital is increasingly replacing financial capital as the primary promoter of growth and profitability within...

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October 2013

By Wolfgang Ulaga, Athanasios Kondis with Lindsay McTeague.
Contributors: Chloé Renault, Franck Estoquié, Heiko Gebauer, Erik Grab, Stephan März, Patrick Soler, Hans Van der Velden.

Companies today fight tooth and nail to maintain margins and grow their business. As a result, many have embarked on the transformation journey – from pushing boxes to providing true service. The...

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October 2013

By Nuno Fernandes, Carlos A. Primo Braga, Arturo Bris, Theodore Peridis, Michael Sorell with Michelle Perrinjaquet.
Contributors: Ugo Panizza, George Gabritsos.

With no signs of the European crisis abating, and most economists predicting a further deterioration before any improvement, how should businesses respond? What coping strategies should businesses be...

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September 2013

By Carlos A. Primo Braga, Leif M. Sjöblom, Howard H. Yu, Karine Avagyan with Susan Stehli.

In the 21st century, the world economy is characterized by greater complexity, interdependency, velocity, transparency and diffusion of power.1 For example, although the current financial crisis...

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September 2013

By Bettina Büchel, Albrecht Enders, William A. Fischer, Howard H. Yu, Ishtiaq Pasha Mahmood, L. Valikangas, Julian Birkinshaw
Contributors: Robert Burgelman, L. Valikangas, Costas Markides, Julian Birkinshaw, Henry Chesbrough.

Outliers are overlooked in management research, and as a result of conventional thinking, most companies just end up looking like their competitors. No wonder the CFO of a Fortune 500 company once sai...

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August 2013

By Suzanne C. De Janasz, Michael D. Watkins, Christopher Zintel with Susan Stehli.

Leaders negotiate all the time, both inside and outside their organizations. Externally, they deal with customers, suppliers, investors and other stakeholders. Internally they negotiate for resources,...

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July 2013

By Ben Bryant, Anouk Lavoie Orlick with Michelle Perrinjaquet.

Two contrasting views fuel debate in leadership theory and practice: The classic behavioral approach assumes that developing leaders means focusing on the person, his or her skills and experience,...

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June 2013

By Carlos A. Primo Braga, Christopher Zintel, Richard Eames with Lindsay McTeague.

The growing fragmentation of the global governance system and the lingering effects of the global financial crisis have raised questions about the effectiveness and legitimacy of multilateral...

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May 2013

By Leif M. Sjöblom, Ishtiaq Pasha Mahmood, Christopher Zintel with Lindsay McTeague.
Contributors: Stéphane Paquier, Jonathan Ledgard, Ramon Bastida, Terrence Taylor, Nganga Wanjohi, Hischam El-Agamy.

Africa is larger than the United States, China, India, Japan and the whole of Europe put together (see map), yet many in the West are ill-informed about it: If there’s a riot in Liberia, companies wan...

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March 2013

By George Kohlrieser, Nancy Lane with Susan Stehli.

Most people leave their jobs because of their relationship with their direct boss. Leaders who do not care or feel compassion for their staff cannot understand why or what losses their employees are...

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February 2013

By William A. Fischer, Fang Liu with Michelle Perrinjaquet.
Contributors: Estelle Métayer, Pekka A. Viljakainen.

Idea hunting starts with finding your gig. A gig, in the business context, could be the focal point of your personal brand, professional identity or a company’s strategic issues. The process of findin...

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January 2013

By Daniel R. Denison, Stewart Hamilton, Jean-Pierre Lehmann, Ishtiaq Pasha Mahmood, Howard H. Yu with Michelle Noguchi.
Contributor: Ann Zhang.

Differences in corporate culture do not only stem from geography, nationality, language or culture; corporate culture starts with the organization itself – its structure and its own unique...

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January 2013

By Bettina Büchel, Michael Sorell

If the world around us is changing so dramatically, why is it that the organizational practices and capabilities of companies increasingly resemble those of others? We use the term resemblance here to...

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December 2012

By Stefan Michel, Arturo Bris, Howard H. Yu, Michael Sorell with Lindsay McTeague.
Contributor: Yves-Laurent Grize.

Why do smart people make stupid decisions? There are two ways of looking at it. The first is that smart people tend to hold higher offices in an organization and are therefore in a position to make...

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September 2012

By Peter A. Wuffli, Dominique Turpin, Didier Cossin, Nuno Fernandes, Philip Rosenzweig, Paul Strebel
Contributors: Andrew Gould, Gerard Kleisterlee, Tan Sri Datuk Zarinah Anwar, Oba Otudeko, Alfred Gantner.

The research trends on corporate governance and boards suggest that the board today must be active and engaged to be relevant in the changing, global world. This contrasts with the historic, agency...

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August 2012

By Jean-Pierre Lehmann, Carine Dunand

The Doha Development Round is the latest round of trade negotiations among the World Trade Organization (WTO) membership. Its aim is to achieve major reform of the¦international trading system through...

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August 2012

By Jean-Pierre Lehmann with Michelle Noguchi.
Contributor: Michael Spence.

In his opening remarks, IMD Professor Jean-Pierre Lehmann described Spence as a rare breed – a “modest economist” who has demonstrated that economics originated in moral philosophy, prior to its shift...

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July 2012

By Joachim Schwass, Albrecht Enders, Didier Cossin, Benoit F. Leleux, Fang Liu
Contributors: Tingcai Yao, Hao Gao, Andreas König, Francis Alexander Scott.

The specificity of a family business is the “family.” As Bernard Firmenich, eBusiness Director and member of the founding family of Firmenich, IMD-Lombard Odier Global Family Business Award winner 201...

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May 2012

By Ginka Toegel, Fang Liu, Sophie Coughlan with Michelle Perrinjaquet.

In a symphony orchestra, the first violin plays the melody and the second violin plays the harmony. While the roles are very different, they complement one other and together produce beautiful music. ...

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May 2012

By Bettina Büchel, Michael Sorell

It goes without saying that in today’s ever-changing world, it is critical for managers and companies to be ahead of the curve – to shape trends rather than just reacting to events, to ride the wave. ...

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May 2012

By Shlomo Ben-Hur, Philippe Margery
Contributors: Shawn Fedun, Andrew Rutsch, Gordon Shenton.

Corporate learning is the capacity of an organization to acquire, apply and share knowledge for the purpose of exploring new solutions and exploiting them to improve efficiency and competitive...

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May 2012

By Preston C. Bottger, Michael Sorell with Michelle Perrinjaquet.
Contributors: Paul Hunter, Fran O’Hara.

If your actions inspire others to dream more, learn more, do more and become more, you are a leader. John Quincy Adams¦There are no two ways around it: Leadership is hard work. Yet, the actual tasks...

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May 2012

By Bettina Büchel, James E. Henderson, Cyril Bouquet, Sophie Coughlan with Lindsay McTeague.
Contributor: Per-Åke Tobiasson.

How can companies manage strategic initiatives in a time of rapid, frequent and unpredictable change across the globe? Actually, things may be more certain than they first appear. It is imperative to...

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May 2012

By Joachim Schwass, Albrecht Enders, Benoit F. Leleux, Anand Narasimhan, Fang Liu with Beverley Lennox.

Like it or not, our world is changing. And nowadays, it is not just incremental change. According to Professor Albrecht Enders, the world is in an era of disruptive change – significant shocks that...

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May 2012

By Anand Narasimhan, Howard H. Yu, Nancy Lane
Contributors: Joachim Hensch, Rodney Reis, Venkatesh Iyer, Sylvia Ischer.

Organizational design is concerned with how companies are structured. Organizations as we now know them first emerged in the mid-1800s with the industrial revolution. Companies had clear boundaries an...

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May 2012

By Kees Van der Graaf, Michael Sorell

Today's young leaders grew up in the glow of television and computers; the leaders of their grandparents' generation in the shadow of the Depression and World War II. In this book, the author set to...

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May 2012

By Bettina Büchel, Fang Liu

While often less visible in the public arena,recent research indicates that familycontrolled public firms often have higher total returns to shareholders than do leading indexes such as MCSI Europe,...

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