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Now in its seventh year, the IMD World Digital Competitiveness Ranking, produced by the IMD World Competitiveness Center, measures the capacity and readiness of 64 economies to adopt and explore digital technologies as a key driver for economic transformation in business, government and wider society. Based on a mixture of hard data and survey r…

In today’s ever-changing global economic landscape, we’re witnessing a shift from the era of rapid globalization to what’s commonly referred to as “slowbalization”. It is important to note that this shift doesn’t signal a retreat from international engagement; instead, it represents a deliberate and strategic response. This change is driven by a…

The 2023 WTR studied 64 economies – including Kuwait for the first time – by quantifying 31 criteria that involve both hard data and survey responses from executives. Each criterion was then organized into three factors: Investment and Development, which considers the domestic resources committed to cultivating homegrown talent; Appeal, which ev…

In 2017, the LEGO Group’s sales had stalled after more than a decade of strong growth. The challenging external retail environment was expected to continue. Internally there was stagnation stemming from a weakened innovation drive and lack of focused delivery. Something had to change: The 90-year-old family-owned business needed to empower its …

IMD’s Global Center for Digital Business Transformation has recently published its biennial Digital Vortex research report, which identifies the sectors most susceptible to digital disruption and emphasizes that digital disruption is a universal phenomenon that affects all industries. Through our research initiated in 2015, we observed varying d…

Bank Mandiri had set its sights on becoming Indonesia’s best financial services player and prominent in the ASEAN region. To achieve that objective and face up to an increasingly challenging competitive landscape, it embarked on a dual transformation: Transplanting its wholesale-banking DNA to other segments, while asserting itself in new, digit…

The only global index of its kind, the IMD Smart City Index 2023 uniquely focuses on how residents perceive the scope and impact of efforts to make their cities ‘smart’, that is, employ technology to address the ongoing challenges their city has, while balancing “economic and technological aspects” with “humane dimensions”.

We live in a world of unprecedented change and transformation, in which world leaders are increasingly uncertain about how to tackle the many new challenges confronting humanity. Amid the global health and economic crisis, enterprising families worldwide are reminded of the timeless truth that a business can only prosper if the community in whic…

As the expectations on corporate responsibility increase, and as transparency becomes more prevalent, companies are recognizing the need to act on sustainability. Professional communications and good intentions are no longer enough. Winning Sustainability Strategies helps executives aiming to create a thriving, sustainable future for their busin…

As talent migration patterns remain unpredictable, governments and businesses attract local and foreign talent by boosting overall appeal of their economies. Global economies are reassessing the balance between cultivating domestic and international talent, in a bid to compensate for skilled labor losses as a result of travel constraints and loc…

Global trade has helped lift hundreds of millions of people around the world out of poverty, but the benefits of trade do not come without their risks. If an economy is unprepared for the consequences of trade growth, it may result in labor disruption, environmental degradation, and worsening inequality. Proactive and responsible government poli…

The benefits of digital technologies are well-known by now. They can be a critical element of business growth, innovation, and operational continuity. The adoption of digital technologies has been linked to organizational benefits, such as enhancing product and service innovativeness (Blichfeldt & Faullant, 2021), improving efficiency (Subramaniam,…