IMD business school for management and leadership courses

We show that a one-sided price-adjustment rule, with free price cuts but a fixed daily reset for price increases, raises the reset price even under risk neutrality, mean-zero wholesale cost shocks, and perfect consumer information. The mechanism is option-theoretic: a higher reset price preserves pass-through in adverse cost states, while favora…

The “tragedy of the horizon” captures the gap between long-horizon climate damages and the shorter horizons of corporate decision-making. We provide a contracting account of this idea using a deliberately standard CARA-normal moral-hazard model. Under full commitment, the optimal linear contract can condition on long-horizon outcomes; horizon mi…

Positive social impact is the aspirational raison d’être of social entrepreneurship, driving its mission and actions, yet it remains theoretically ambiguous across the academic literature. This systematic integrative review identifies two distinct perspectives through which social impact is theorized in social entrepreneurship research: social i…

Most entrepreneurs become parents while actively growing their ventures. While prior entrepreneurship research has examined how parenting responsibilities influence entrepreneurial entry and outcomes, less is known about how founders already leading ventures experience the transition into parenthood and how this life-stage change affects organiz…

Over the past years profound changes in the public sentiment and policy environment suggest the beginning of a new era with reversal attitudes towards globalization. Deglobalization which is commonly defined as the process of decreasing interdependence among nations has recently become the focus of scholarly attention with particular interest on…

Business model innovation (BMI) is critical for firms’ long-term survival under environmental dynamism and depends heavily on CEOs’ cognition. While Socioemotional Wealth (SEW) explains why family CEOs may resist or engage in BMI, it largely assumes homogeneous responses under similar environmental conditions. Upper echelons theory (UET), in tur…

Discover what drives national competitiveness through lessons from Switzerland, South Korea, and Canada on resilience, institutions, and adaptation.

Improve board decision-making with strategic friction. Discover how constructive conflict helps boards challenge assumptions before implementing decisions.

Five science-backed ways to spark your motivation when tasks lag, with small, practical steps you can start today.

Learn how leaders can turn volatility into competitive advantage through continuous reinvention, faster experimentation and adaptable teams.

Master six leadership decision traps with evidence-based fixes: frame problems accurately, test assumptions, and ensure durable commitment across teams.

Jerry Davis examines prediction market risks and explains why these politically backed platforms may resemble high-stakes casinos more than stock markets.

Prepare your luxury brand for the sustainability transformation ahead. In Purposeful Luxury: The Strategic Playbook for Sustainability in Luxury Industries, Stephane Girod delivers a strategic roadmap for luxury executives facing an existential challenge. By 2040-2045, luxury businesses may struggle to grow – or even survive – as policy prioriti…

Build a future-ready workforce that delivers business impact today and long-term resilience tomorrow. Future-Ready Talent by Tania Lennon and Ric Roi is a strategic guide for senior HR leaders, executives and business partners who must align talent pipelines with shifting organizational priorities. Written by experts from the world-renowned IMD …

Economies with strong institutions lead the 2026 IMD World Competitiveness Ranking. Competitiveness in 2026 is no longer primarily a contest of cost, scale, or even of innovation, but increasingly depends on institutional credibility, adaptability, and resilience. The more fragmented the world becomes, the more valuable are predictable rules, en…

Economies with strong institutions lead the 2026 IMD World Competitiveness Ranking. Competitiveness in 2026 is no longer primarily a contest of cost, scale, or even of innovation, but increasingly depends on institutional credibility, adaptability, and resilience. The more fragmented the world becomes, the more valuable are predictable rules, en…

Every executive eventually hits a moment of truth. A new project, a bold expansion, a promising acquisition, and suddenly the hard questions are right in front of you: Will this venture be profitable? Will it generate cash flow? How much capital will it demand? And ultimately, will it create value for shareholders or destroy it? If you can answe…

In World War Trade, Richard Baldwin examines the growing use of trade policy as an instrument of geopolitical competition. The escalation of tariffs, export controls, and industrial policy among major economies marks a significant shift in the global trading environment, with far-reaching implications for firms, governments, and international co…