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.
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.
SWOT analysis: how to do it + 4 examples - IMD Business School
SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. These are the lenses through which we examine internal factors (the things we’re good at and not-so-good at, under our control) and external factors (circumstances we can’t control). This analysis is commonly structured into a visual representation made up of four quadrants ...
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?
IMD Business School for Management and Leadership Courses
An actionable coaching approach that raises self-awareness and reveals blind spots. We’re the trusted learning partner of choice for ambitious individuals and organizations worldwide. Swiss roots, global reach. Choose from 80+ Executive programs, both on campus and online led by an expert and diverse faculty.
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 investing ...