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.
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.
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 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.
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 ...
Executive Programs at IMD Business School
Our diverse range of programs includes options for on-campus learning, online learning, or a hybrid/blended format combining both face-to-face and online formats. With 75+ executive programs to choose from you’ll find a program that meets your specific needs, context, and location. World-class faculty and cutting-edge learning methods provide ...
What is Innovation Strategy? Stages, types & examples - IMD …
An innovation strategy is a detailed roadmap with a series of strips that helps your organization reach its future goals. This roadmap isn’t just a guide for business success — it’s a guide that helps you keep up in your industry by thinking of new and innovative ways to tackle problems. These innovations can be creating new products to ...
Executive certificates & diplomas - IMD Business School
Build your development journey based on your evolving needs and goals When pursuing comprehensive expertise, a learning journey that develops alongside your career path, needs, and goals is essential. Our executive certificates and diplomas offer formal recognition of your continuous professional development, allowing you to immerse deeply into specific topics and advance your skills. Whether
World Talent Ranking - IMD Business School
The 2024 IMD World Talent Ranking (WTR) report has signaled how policymakers should start streamlining regulation to minimize the impact of the potential exclusion arising from the widespread adoption of AI. Recommendations in the report, produced by the IMD World Competitiveness Center (WCC), include a focus on educational and labor market ...
Events at IMD - IMD business school for management
IMD Alumni Directory Discover more than 130,000 executives who are IMD alumni. Alumni Club Events 📆 Discover all upcoming events for IMD alumni!; Alumni Home; IMD International Alumni Association New; Alumni Clubs; Our Alumni Community. MBA & EMBA Alumni Celebrating one year since graduation or coming back for a 5- or 10-year reunion? We …