Corporate Social Responsability (CSR): What Does it Mean?
Corporate social responsibility refers to the commitments a company makes to create a positive impact on people, the planet, and society. CSR is a self-regulating business model, meaning businesses are responsible for implementing and overseeing their own CSR. There isn’t an external regulatory body that mandates CSR.
What is DEI? Learn about Diversity, Equity and Inclusion
Diversity, equity, and inclusion (DEI) are values that help create fairer, more accessible workplaces for all. By acting on DEI values, organizations can support individuals of different ethnicities, religions, abilities, races, sexual orientations, gender, political perspectives, and backgrounds. The result?
Innovation in business: Importance, benefits, & examples
A few benefits of innovation for both old and new business models include: Gain a competitive advantage. Innovation can help you develop unique products and services that set you apart from competitors. Over 80% of digitally mature companies cite innovation as one of their core strengths. Meet customer demands.
Risk Management: understanding the basics and importance
Finance. In the financial sector, risk management is crucial for banks, insurance companies, and investment firms. These institutions face a wide range of risks, including credit risk, market risk, operational risk, and liquidity risk. Effective risk management practices in the financial industry help ensure stability and prevent financial crises.
IMD Business School for Management and Leadership Courses
Discover our MBA, Executive MBA, and the MSc in Sustainable Management and Technology. Founded by business executives for business executives, we are an independent academic institute with Swiss roots and global reach. 1:59. Educating executives and business leaders by challenging what is and inspiring what could be, we develop leaders and ...
World Competitiveness Ranking - IMD Business School
Singapore is the most competitive economy out of 67 across the world’s eight major regions. This is a major finding of the 2024 IMD World Competitiveness Ranking (WCR), which measures economies with population size and GDP on both ends of the scale. Switzerland was second and Denmark third, while Nigeria, Ghana, and Puerto Rico made their débuts.
What is performance management, and why is it important?
Performance management involves consistent check-ins between managers and employees, encompassing goal-setting and progress evaluation through tracking performance indicators and metrics, such as sales data or growth in consumer engagement. The main function of performance management is to provide ongoing feedback to employees to drive ...
What is leadership and how is it evolving in 2024? - IMD Business …
Leadership is the ability to influence and guide a group of people toward achieving a common goal. It encompasses a range of skills and behaviors that empower individuals to provide direction, motivate team members, make decisions, foster collaboration, and promote growth. Leadership isn’t limited to formal positions of authority, and ...
What Is Disruptive Innovation? 10 real-world examples - IMD …
10 real-world examples of disruptive innovation. Here are ten examples of disruptive innovation that allowed businesses to adapt, innovate, and thrive in a rapidly changing marketplace. 1. Smartphones. Smartphones revolutionized communication by transforming how we connect, forcing traditional phone manufacturers and telecom companies to adapt.
ESG: environmental, social, & governance investing explained
ESG stands for “environmental, social, and governance,” and is a framework that considers non-financial factors impacting a company’s long-term success. ESG criteria include environmental sustainability, social impact, and the quality of a company’s governance practices. In this article, we’ll explore each component of ESG and discuss ...