IMD business school for management and leadership courses
Latest Articles
Article
Supply Chain
Assortment optimization using an attraction model in an omnichannel environment
Making assortment decisions is becoming an increasingly difficult task for many retailers worldwide as they implement omnichannel initiatives. Discrete choice modeling lies at the core of this challenge, yet existing models do not sufficiently account for the complex shopping behavior of customers in an omnichannel environment. In this paper, we…
Assortment optimization using an attraction model in an omnichannel environment
Summary
Making assortment decisions is becoming an increasingly difficult task for many retailers worldwide as they implement omnichannel initiatives. Discrete choice modeling lies at the core of this challenge, yet existing models do not sufficiently account for the complex shopping behavior of customers in an omnichannel environment. In this paper, we…
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Article
Strategy
Sustainability
EverGreen – the futureproofing of HEINEKEN
Niccolò Pisani, IMD Professor of Strategy and International Business, explores HEINEKEN’s ambitious and all-encompassing strategy for sustainable growth, launched amid a global pandemic.
EverGreen – the futureproofing of HEINEKEN
Summary
Niccolò Pisani, IMD Professor of Strategy and International Business, explores HEINEKEN’s ambitious and all-encompassing strategy for sustainable growth, launched amid a global pandemic.
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Article
Coaching
Culture
Organizational Behavior
Lessons from military leadership: The importance of morale
Since the pandemic, we have been seeking to describe the phenomenon of how feelings impact performance. We explored resilience, well-being, and self-care, meandering through agility and mental health.
Lessons from military leadership: The importance of morale
Summary
Since the pandemic, we have been seeking to describe the phenomenon of how feelings impact performance. We explored resilience, well-being, and self-care, meandering through agility and mental health.
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Article
Finance
Anticiper la catastrophe, un devoir pour les investisseurs
Thinking the impossible is no more within the reach of market professionals than it is for ordinary people. The Covid-19 pandemic, a century after the global tragedy of the Spanish flu, showed this. This event was so improbable and of such catastrophic consequence – a “black swan”, according to the notion coined in 2007 by Nassim Nicholas Taleb …
Anticiper la catastrophe, un devoir pour les investisseurs
Summary
Thinking the impossible is no more within the reach of market professionals than it is for ordinary people. The Covid-19 pandemic, a century after the global tragedy of the Spanish flu, showed this. This event was so improbable and of such catastrophic consequence – a “black swan”, according to the notion coined in 2007 by Nassim Nicholas Taleb …
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Article
Leadership
Talent Management
10 “people” mistakes leaders make
Much of today’s leadership writing focuses on what high performing leaders should do. Certainly, that material helps from a theoretical and aspirational point of view. Yet what really haunts leaders on a day-to-day basis is the mistakes that they make. They don’t trip up because they are bad people; they most often fumble because of a lack of kn…
10 “people” mistakes leaders make
Summary
Much of today’s leadership writing focuses on what high performing leaders should do. Certainly, that material helps from a theoretical and aspirational point of view. Yet what really haunts leaders on a day-to-day basis is the mistakes that they make. They don’t trip up because they are bad people; they most often fumble because of a lack of kn…
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Article
Economics
Politics
La Chine va encore bouleverser l’économie mondiale
After 1016 days of zero covid policy, China has decided to open up again to the rest of the world. The impact on our economies will be considerable. But is this good news or bad news? Probably both. In forty years, China has become the largest supplier to the world economy. But it is also the largest buyer. In 2021, the top 200 U.S., European an…
La Chine va encore bouleverser l’économie mondiale
Summary
After 1016 days of zero covid policy, China has decided to open up again to the rest of the world. The impact on our economies will be considerable. But is this good news or bad news? Probably both. In forty years, China has become the largest supplier to the world economy. But it is also the largest buyer. In 2021, the top 200 U.S., European an…
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Article
Accounting
Corporate Governance
The future role of internal audit function: Assure. Build. Consult
Chambers (2022) recently raised “a red flag” by pointing out that internal auditors have been unduly placing Environmental, Social, and Governance (ESG) risks on the back burner. Internal auditors currently do not play a significant role as assurance providers and are absent from potential advisory services about ESG – on both sides of the Atlan…
The future role of internal audit function: Assure. Build. Consult
Summary
Chambers (2022) recently raised “a red flag” by pointing out that internal auditors have been unduly placing Environmental, Social, and Governance (ESG) risks on the back burner. Internal auditors currently do not play a significant role as assurance providers and are absent from potential advisory services about ESG – on both sides of the Atlan…
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Article
Family Business
Ethics
Wrongdoing in publicly listed family- and nonfamily-owned firms: A behavioral perspective
We integrate research on family-owned firms (FOFs) and the Behavioral Theory of the Firm (BTOF) to study wrongdoing—a specific dimension of corporate social responsibility (CSR) associated with destructive risk—in family- versus nonfamily-owned firms (NFOFs). We argue that FOFs are likely to respond differently from NFOFs to risks because in add…
Wrongdoing in publicly listed family- and nonfamily-owned firms: A behavioral perspective
Summary
We integrate research on family-owned firms (FOFs) and the Behavioral Theory of the Firm (BTOF) to study wrongdoing—a specific dimension of corporate social responsibility (CSR) associated with destructive risk—in family- versus nonfamily-owned firms (NFOFs). We argue that FOFs are likely to respond differently from NFOFs to risks because in add…
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Article
Technology Management
Meta pumped cash into a futuristic vision, but they didn’t prepare for a recession
Meta suffered another blow last week, as the European Union ruled their ad practices in Ireland illegal. The decision resulted in a fine of €390m, which Meta is appealing, and shows yet another issue in the company’s business model and future-preparedness.
Meta pumped cash into a futuristic vision, but they didn’t prepare for a recession
Summary
Meta suffered another blow last week, as the European Union ruled their ad practices in Ireland illegal. The decision resulted in a fine of €390m, which Meta is appealing, and shows yet another issue in the company’s business model and future-preparedness.
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Article
Human Resources
Ethics
Technology Management
Applicants’ fairness perceptions of algorithm-driven hiring procedures
Despite the rapid adoption of technology in human resource departments, there is little empirical work that examines the potential challenges of algorithmic decision-making in the recruitment process. In this paper, we take the perspective of job applicants and examine how they perceive the use of algorithms in selection and recruitment. Across …
Applicants’ fairness perceptions of algorithm-driven hiring procedures
Summary
Despite the rapid adoption of technology in human resource departments, there is little empirical work that examines the potential challenges of algorithmic decision-making in the recruitment process. In this paper, we take the perspective of job applicants and examine how they perceive the use of algorithms in selection and recruitment. Across …
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Article
Leadership
Politics
Global Business
Trade barriers and political upheaval: What to expect in 2023
From global supply chains to monetary policy and climate change, IMD experts give their predictions for a potentially turbulent year ahead.
Trade barriers and political upheaval: What to expect in 2023
Summary
From global supply chains to monetary policy and climate change, IMD experts give their predictions for a potentially turbulent year ahead.
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Article
Disruption
Innovation
Technology Management
What’s up with disruption?
Maybe, the most important thing that’s up with disruption, these days, is the amount of attention it is receiving. Depicted in the image above, which is derived from searching for “Disruptive Innovation” in Google’s Ngram Viewer, the inescapable conclusion is quite clear: interest in disruptive innovation is way up. What is to follow, is strong …
What’s up with disruption?
Summary
Maybe, the most important thing that’s up with disruption, these days, is the amount of attention it is receiving. Depicted in the image above, which is derived from searching for “Disruptive Innovation” in Google’s Ngram Viewer, the inescapable conclusion is quite clear: interest in disruptive innovation is way up. What is to follow, is strong …
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Article
Sustainability
Climate change: Why business schools are failing
We are faced with an existential challenge that requires radical action. Tomorrow’s business leaders must learn to think critically about their role in society and how they will practice their craft in order to bring about change.
Climate change: Why business schools are failing
Summary
We are faced with an existential challenge that requires radical action. Tomorrow’s business leaders must learn to think critically about their role in society and how they will practice their craft in order to bring about change.
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Article
Competitiveness
Customer Centricity
Customer loyalty is a myth, just ask my taxi driver
In his new book The Human Experience, John Sills explains why the “usefulness” of a retailer or service provider is far more important than any misplaced notions of fidelity.
Customer loyalty is a myth, just ask my taxi driver
Summary
In his new book The Human Experience, John Sills explains why the “usefulness” of a retailer or service provider is far more important than any misplaced notions of fidelity.
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Article
Economics
Politics
Les illusions perdues
As we begin 2023, we cannot help but feel that a profound break has taken place. The business model that has been ours for forty years, that of an open and growth-oriented globalization, is coming to an end. As Honoré de Balzac wrote in Lost Illusions, we are undoubtedly living “the moment when the reality of life is at odds with its hopes”.
Les illusions perdues
Summary
As we begin 2023, we cannot help but feel that a profound break has taken place. The business model that has been ours for forty years, that of an open and growth-oriented globalization, is coming to an end. As Honoré de Balzac wrote in Lost Illusions, we are undoubtedly living “the moment when the reality of life is at odds with its hopes”.
Contact
Research Information & Knowledge Hub for additional information on IMD publications