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.
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 ...
The 6 most common leadership styles & how to find yours
2. Delegative Leadership. Often referred to as “laissez-faire,” a delegative leadership style focuses on delegating initiative to team members. This is generally known as one of the least intrusive forms of leadership; this translates to “let them do.”. This is therefore considered a very hand-off leadership style.
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.
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?
Business Ethics: how does it drive sustainable success?
Business ethics, the application of moral principles in a business setting, plays a pivotal role in shaping a company’s reputation and success.It entails adhering to values and standards that promote transparency, fairness, and honesty in business interactions. A solid reputation, built through ethical practices, is invaluable for a company.It attracts and retains customers, …
IMD Business School for Management and Leadership Courses
We’re the trusted learning partner of choice for ambitious individuals and organizations worldwide. Swiss roots, global reach. Choose from 80+ Executive Education programs, both on-campus and online led by an expert and diverse faculty. Founded by business executives for business executives, we are an independent academic institute with Swiss ...
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 ...