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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…
By Andrey Vasilyev Sebastian Maier and Ralf W. Seifert
in European Journal of Operational Research April 2023, vol. 306, no. 1, pp. 207-222, https://doi.org/10.1016/j.ejor.2022.08.002
Assortment optimization using an attraction model in an omnichannel environment
By Andrey Vasilyev Sebastian Maier and Ralf W. Seifert
in European Journal of Operational Research April 2023, vol. 306, no. 1, pp. 207-222, https://doi.org/10.1016/j.ejor.2022.08.002
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.
By Niccolò Pisani
in I by IMD 1 February 2023
EverGreen – the futureproofing of HEINEKEN
EverGreen – the futureproofing of HEINEKEN
By Niccolò Pisani
in I by IMD 1 February 2023
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.
By Francesca Giulia Mereu and Stephen T. Kilpatrick
in I by IMD 31 January 2023
Lessons from military leadership: The importance of morale
Lessons from military leadership: The importance of morale
By Francesca Giulia Mereu and Stephen T. Kilpatrick
in I by IMD 31 January 2023
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 …
By Didier Cossin and Philippe Mudry
in Les Echos 27 January 2023
Anticiper la catastrophe, un devoir pour les investisseurs
By Didier Cossin and Philippe Mudry
in Les Echos 27 January 2023
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
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…
By Stéphane Garelli
in Le Temps 20 January 2022
La Chine va encore bouleverser l’économie mondiale
By Stéphane Garelli
in Le Temps 20 January 2022
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…
By Rainer Lenz and Florian Hoos
in EDPACS 18 January 2023, ePub before print, https://doi.org/10.1080/07366981.2023.2165361
The future role of internal audit function: Assure. Build. Consult
By Rainer Lenz and Florian Hoos
in EDPACS 18 January 2023, ePub before print, https://doi.org/10.1080/07366981.2023.2165361
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…
By Stephen Smulowitz Didier Cossin Alfredo De Massis and Abraham Hongze Lu
in Entrepreneurship Theory and Practice January 2023, ePub before print, https://doi.org/10.1177/10422587221142230
Wrongdoing in publicly listed family- and nonfamily-owned firms: A behavioral perspective
By Stephen Smulowitz Didier Cossin Alfredo De Massis and Abraham Hongze Lu
in Entrepreneurship Theory and Practice January 2023, ePub before print, https://doi.org/10.1177/10422587221142230
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.  
By Howard H. Yu
in City A.M. 12 January 2023
Meta pumped cash into a futuristic vision, but they didn’t prepare for a recession
By Howard H. Yu
in City A.M. 12 January 2023
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 …
By Maude Lavanchy Patrick Reichert Jayanth Narayanan and Krishna Savani
in Journal of Business Ethics January 2023, ePub before print, https://www.doi.org/10.1007/s10551-022-05320-w
Applicants’ fairness perceptions of algorithm-driven hiring procedures
By Maude Lavanchy Patrick Reichert Jayanth Narayanan and Krishna Savani
in Journal of Business Ethics January 2023, ePub before print, https://www.doi.org/10.1007/s10551-022-05320-w
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.

in I by IMD 11 January 2023
Trade barriers and political upheaval: What to expect in 2023</strong>
Trade barriers and political upheaval: What to expect in 2023

in I by IMD 11 January 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 …
By William A. Fischer
in Forbes.com 10 January 2023
What’s up with disruption?
By William A. Fischer
in Forbes.com 10 January 2023
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.
By Andrew J. Hoffman
in I by IMD 10 January 2023
Climate change: Why business schools are failing
Climate change: Why business schools are failing
By Andrew J. Hoffman
in I by IMD 10 January 2023
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.
By John Sills
in I by IMD 9 January 2023
Customer loyalty is a myth, just ask my taxi driver
Customer loyalty is a myth, just ask my taxi driver
By John Sills
in I by IMD 9 January 2023
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 HonorĂ© de Balzac wrote in Lost Illusions, we are undoubtedly living “the moment when the reality of life is at odds with its hopes”.
By Stéphane Garelli
in Le Temps 6 January 2023
Les illusions perdues
By Stéphane Garelli
in Le Temps 6 January 2023
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 HonorĂ© de Balzac wrote in Lost Illusions, we are undoubtedly living “the moment when the reality of life is at odds with its hopes”.
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Research Information & Knowledge Hub for additional information on IMD publications