What is Corporate Governance? The 2024 guideline - IMD …
What is corporate governance? Corporate governance refers to the set of rules, practices, and processes that direct and control a company. It ensures that companies are accountable to their stakeholders – including shareholders, employees, customers, and the community.
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 leadership and how is it evolving in 2024? - IMD Business …
What is the definition of leadership? 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.
World Digital Competitiveness Ranking - IMD Business School
The 2024 IMD World Digital Competitiveness Ranking (WDCR), produced annually by IMD’s World Competitiveness Center (WCC), has shown how disparities in the development of digital infrastructure compounded by the ill effects of geopolitical tensions can be offset by joining the fast-moving current of emerging tech. Overall, Singapore …
Innovation in business: Importance, benefits, & examples
What exactly is innovation? In short, innovation is doing something different to create value.Business innovation refers to the process of introducing new ideas, methods, products, or services that result in significant improvements or advancements within an organization.. Innovation often involves transforming creative ideas into new solutions that drive business growth, improve efficiency ...
Corporate Social Responsability (CSR): What Does it Mean?
In global business, Corporate Social Responsibility (CSR) stands as a pivotal strategy not merely for ethical governance but as a pathway to sustainable development and long-term success. CSR, often referred to as corporate citizenship, is the self-regulating business model wherein organizations commit to creating a positive impact through conscientious behavior with regard to the environment ...
The 4 Types of CSR Strategy and the Best Practices - IMD Business …
What is corporate social responsibility (CSR)? Corporate social responsibility encompasses an organization’s sustainability based on social impact, and how it fulfills its ethical, economic, and environmental responsibility. As such, it’s key to establishing a triple bottom line: a business framework that assesses performance based on social, environmental, and financial outcomes.
What is Innovation Strategy? Stages, types & examples - IMD …
What is innovation strategy? 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.
World Talent Ranking - IMD Business School
How do we tackle talent? Eleven years ago, we decided a new way of ranking global talent was in order. We came up with three factors to group our comprehensive set of criteria (survey answers from executives plus hard data), and formulated a methodology that reflected how various economies are performing in terms of sustaining their talent pool.
What makes a good Strategic Partnership & How to succeed
These results are in line with the empirical research, which identifies three major reasons for failure of strategic partnerships: • Underinvestment: disagreement on revenue and cost sharing, lack of resources, lack of executive sponsorship and commitment, etc. • Over-appropriation: coopetition, customer ownership issues, intellectual property sharing, etc.