International Institute for Management Development
Encyclopedia
IMD - International Institute for Management Development is a non profit business school located in Lausanne
, Switzerland
.
, and Institut pour l'Etude des Methodes de Direction de l'Entreprise
(IMEDE) Lausanne established in 1957 by Nestlé
. The new organization settled in Lausanne.
Its industrial heritage sets it apart from the other leading business schools, which are all university-affiliated. IMD is set up as a business school that solely provides executive education; it is determinedly not part of a university, and there are no academic departments, just one integrated multidisciplinary faculty. The professors do not have permanent academic tenure but work under one-year contracts and a performance based pay package. The faculty consists of 60 full-time members, made up of 23 different nationalities. The current President is Dominique Turpin, who follows John R. Wells and Peter Lorange
. The latter ran the school from 1993 till 2008 and has been widely credited with having established the institute as one of the world's leading business schools.
IMD has a strong focus on training and developing general management and leadership skills. IMD selects therefore experienced candidates for both the Master of Business Administration
(MBA) (average age 31) and the Executive MBA (average age 39). Its other focus is to have a broad international group of participants attending the courses to ensure that no nationality dominates. It intentionally doesn't set up branches in other countries but brings the participants together in Lausanne to stimulate cross-cultural interaction. Every year, some 8,000 executives, representing over 98 nationalities attend one of the programs.
The MBA program focuses strongly on general management
instead of functional expertise, and as a result, the majority (70%) of the graduates typically get recruited within the industry sector versus with investment banks and consulting firms, unlike other major schools. Regular recruiters are Shell
, Philips
, Nestlé
, Unilever
, Medtronic
, Boston Consulting Group
, Bain & Co, GE
, Johnson & Johnson
, McKinsey & Company
, Nokia
, Eli Lilly and Company
and Novartis
.
IMD also has an alliance with the MIT Sloan School of Management
. The two schools offer jointly-developed programs at both their campuses.
Lausanne
Lausanne is a city in Romandy, the French-speaking part of Switzerland, and is the capital of the canton of Vaud. The seat of the district of Lausanne, the city is situated on the shores of Lake Geneva . It faces the French town of Évian-les-Bains, with the Jura mountains to its north-west...
, Switzerland
Switzerland
Switzerland name of one of the Swiss cantons. ; ; ; or ), in its full name the Swiss Confederation , is a federal republic consisting of 26 cantons, with Bern as the seat of the federal authorities. The country is situated in Western Europe,Or Central Europe depending on the definition....
.
History & Mission
IMD was formed in January 1990 through the merger of independent management education centers International Management Institute (Geneva) (IMI), established in 1946 by AlcanAlcan
Rio Tinto Alcan Inc. is a Canadian company based in Montreal. It was created on November 15, 2007 as the result of the merger between Rio Tinto PLC's Canadian subsidiary, Rio Tinto Canada Holding Inc., and Canadian company Alcan Inc. On the same date, Alcan Inc. was renamed Rio Tinto Alcan Inc..Rio...
, and Institut pour l'Etude des Methodes de Direction de l'Entreprise
Institut pour l'Etude des Methodes de Direction de l'Entreprise
Institut pour l'Etude des Methodes de Direction de l'Entreprise was a leading business school established in 1957 by Nestlé and situated in Lausanne, Switzerland.Harry L...
(IMEDE) Lausanne established in 1957 by Nestlé
Nestlé
Nestlé S.A. is the world's largest food and nutrition company. Founded and headquartered in Vevey, Switzerland, Nestlé originated in a 1905 merger of the Anglo-Swiss Milk Company, established in 1867 by brothers George Page and Charles Page, and Farine Lactée Henri Nestlé, founded in 1866 by Henri...
. The new organization settled in Lausanne.
Its industrial heritage sets it apart from the other leading business schools, which are all university-affiliated. IMD is set up as a business school that solely provides executive education; it is determinedly not part of a university, and there are no academic departments, just one integrated multidisciplinary faculty. The professors do not have permanent academic tenure but work under one-year contracts and a performance based pay package. The faculty consists of 60 full-time members, made up of 23 different nationalities. The current President is Dominique Turpin, who follows John R. Wells and Peter Lorange
Peter Lorange
Peter Lorange is a Norwegian economist. He is President and owner of the Lorange Institute of Business Zürich, formerly known as GSBA Zurich, which he bought in July 2009. Lorange has previousely been President of the International Institute for Management Development and President of the BI...
. The latter ran the school from 1993 till 2008 and has been widely credited with having established the institute as one of the world's leading business schools.
IMD has a strong focus on training and developing general management and leadership skills. IMD selects therefore experienced candidates for both the Master of Business Administration
Master of Business Administration
The Master of Business Administration is a :master's degree in business administration, which attracts people from a wide range of academic disciplines. The MBA designation originated in the United States, emerging from the late 19th century as the country industrialized and companies sought out...
(MBA) (average age 31) and the Executive MBA (average age 39). Its other focus is to have a broad international group of participants attending the courses to ensure that no nationality dominates. It intentionally doesn't set up branches in other countries but brings the participants together in Lausanne to stimulate cross-cultural interaction. Every year, some 8,000 executives, representing over 98 nationalities attend one of the programs.
Education
IMD has two main educational offerings:- Degree programs: the MBA and the EMBAMaster of Business AdministrationThe Master of Business Administration is a :master's degree in business administration, which attracts people from a wide range of academic disciplines. The MBA designation originated in the United States, emerging from the late 19th century as the country industrialized and companies sought out...
programs - Executive education: open enrollment and company custom programs
- The Degree programs are accredited by AACSB, AMBAAMBA- Given name :* Amba, the traditional first name given to the first daughter in the Cochin Royal Family, India* Amba , the eldest daughter of King of Kashi in the Hindu epic...
, and EFMD(EQUISEquisEquis may refer to:*European Quality Improvement System an international system of assessment and accreditation of higher education institutions in management and business administration run by the European Foundation for Management Development....
).
MBA program
The school's MBA program is a one-year program, which runs from January through December with a short summer break. Classes are held six days per week, with one full weekend off each month. The school deliberately keeps the number of participants small, admitting no more than 90 students. Each class includes participants from countries across the globe to ensure that no nationality dominates.The MBA program focuses strongly on general management
Management
Management in all business and organizational activities is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively...
instead of functional expertise, and as a result, the majority (70%) of the graduates typically get recruited within the industry sector versus with investment banks and consulting firms, unlike other major schools. Regular recruiters are Shell
Royal Dutch Shell
Royal Dutch Shell plc , commonly known as Shell, is a global oil and gas company headquartered in The Hague, Netherlands and with its registered office in London, United Kingdom. It is the fifth-largest company in the world according to a composite measure by Forbes magazine and one of the six...
, Philips
Philips
Koninklijke Philips Electronics N.V. , more commonly known as Philips, is a multinational Dutch electronics company....
, Nestlé
Nestlé
Nestlé S.A. is the world's largest food and nutrition company. Founded and headquartered in Vevey, Switzerland, Nestlé originated in a 1905 merger of the Anglo-Swiss Milk Company, established in 1867 by brothers George Page and Charles Page, and Farine Lactée Henri Nestlé, founded in 1866 by Henri...
, Unilever
Unilever
Unilever is a British-Dutch multinational corporation that owns many of the world's consumer product brands in foods, beverages, cleaning agents and personal care products....
, Medtronic
Medtronic
Medtronic, Inc. , based in suburban Minneapolis, Minnesota, is the world's largest medical technology company and is a Fortune 500 company.- History :...
, Boston Consulting Group
Boston Consulting Group
The Boston Consulting Group is a global management consulting firm with offices in 42 countries. It is recognized as one of the most prestigious management consulting firms in the world. It is one of only three companies to appear in the top 15 of Fortunes "Best Companies to Work For" report for...
, Bain & Co, GE
Gê
Gê are the people who spoke Ge languages of the northern South American Caribbean coast and Brazil. In Brazil the Gê were found in Rio de Janeiro, Minas Gerais, Bahia, Piaui, Mato Grosso, Goias, Tocantins, Maranhão, and as far south as Paraguay....
, Johnson & Johnson
Johnson & Johnson
Johnson & Johnson is an American multinational pharmaceutical, medical devices and consumer packaged goods manufacturer founded in 1886. Its common stock is a component of the Dow Jones Industrial Average and the company is listed among the Fortune 500....
, McKinsey & Company
McKinsey & Company
McKinsey & Company, Inc. is a global management consulting firm that focuses on solving issues of concern to senior management. McKinsey serves as an adviser to many businesses, governments, and institutions...
, Nokia
Nokia
Nokia Corporation is a Finnish multinational communications corporation that is headquartered in Keilaniemi, Espoo, a city neighbouring Finland's capital Helsinki...
, Eli Lilly and Company
Eli Lilly and Company
Eli Lilly and Company is a global pharmaceutical company. Eli Lilly's global headquarters is located in Indianapolis, Indiana, in the United States...
and Novartis
Novartis
Novartis International AG is a multinational pharmaceutical company based in Basel, Switzerland, ranking number three in sales among the world-wide industry...
.
EMBA program
The curriculum of the EMBA is different from the MBA because it targets experienced managers who are at a different point in their careers. It has a strong focus on leadership skills, integrated business themes and on the immediate practical application of the subject matter. The 60 selected candidates have an average age of 39 and according to the Financial Times are the most experienced group of EMBAs in the world. The IMD EMBA is ranked 5th in the world for General Management by the Financial Times.Executive education
Executive education is a fundamental part of the school activities. IMD's industrial heritage has led to this strong focus of developing programs with and for its corporate partners. Half of the school's revenue is generated by company specific programs and 45% by open enrollment programs.IMD also has an alliance with the MIT Sloan School of Management
MIT Sloan School of Management
The MIT Sloan School of Management is the business school of the Massachusetts Institute of Technology, in Cambridge, Massachusetts....
. The two schools offer jointly-developed programs at both their campuses.
IMD World Competitiveness Center (WCC)
The IMD World Competitiveness Center has been a pioneer in the field of competitiveness of nations and enterprises since 1989. It is dedicated to the advancement of knowledge on world competitiveness by gathering the latest and most relevant data on the subject and by analyzing the policy consequences. The WCC conducts its mission in cooperation with a network of 54 partner institutes worldwide to provide the government, business and academic community with the following activities: IMD World Competitiveness Yearbook, WCY Online, special country/regional competitiveness reports and workshops on competitiveness.The Center for Corporate Sustainability Management (CSM)
CSM is a research and learning initiative at IMD. CSM aims to be the academic partner of companies on their "sustainability journey," helping them to embed their sustainability strategies in a multiplicity of ways. CSM endeavors to build a sustainable business advantage for its member companies through social and environmental strategic action.IMD Family Business Center
For over two decades, IMD has been serving the unique educational needs of family businesses from all over the world. The Leading the Family Business program remains the cornerstone of IMD’s programs in the field of family enterprise. Individual family companies may also arrange private programs that center on specific family and organizational needs. The Family Business Center was established to support IMD’s educational programs and contribute to knowledge in the field by producing relevant and applicable research, case studies, books and articles. The IMD - LO Global Family Business Award is given once a year to a global family business in recognition of its best practice.The Evian Group IMD
Founded in 1995, The Evian Group IMD is an international coalition of corporate, government and opinion leaders, committed to fostering an open, inclusive, equitable and sustainable global market economy in a rules-based multilateral framework. It advocates trade liberalization to achieve growth and sustain the momentum of globalization. The Evian Group believes that international trade and investment has the great potential of uniting people through greater mutual understanding and common interest across countries, continents, cultures, and generations.Rankings
- ForbesForbesForbes is an American publishing and media company. Its flagship publication, the Forbes magazine, is published biweekly. Its primary competitors in the national business magazine category are Fortune, which is also published biweekly, and Business Week...
- MBA,Surveys alumni to measure return on investment (alternate years):- 2011: #1 globally among 1 year programs
- 2007: #1 globally among 1 year programs
- Financial TimesFinancial TimesThe Financial Times is an international business newspaper. It is a morning daily newspaper published in London and printed in 24 cities around the world. Its primary rival is the Wall Street Journal, published in New York City....
- "Ranking of the Rankings" combines results of all major MBA rankings (alternate years):- 2007: #1 in Europe & Internationally
- Financial TimesFinancial TimesThe Financial Times is an international business newspaper. It is a morning daily newspaper published in London and printed in 24 cities around the world. Its primary rival is the Wall Street Journal, published in New York City....
- Executive Education: non degree programs:- 2009: #1 outside the US and #2 worldwide
- 2008: #1 Europe for open enrollment programs
- 2008: #1 Europe for customized courses
- 2008: #1 Global for combined ranking of open enrollment and customized courses
- The EconomistThe EconomistThe Economist is an English-language weekly news and international affairs publication owned by The Economist Newspaper Ltd. and edited in offices in the City of Westminster, London, England. Continuous publication began under founder James Wilson in September 1843...
- MBA, Surveys current participants and alumni about career opportunities; personal development & educational experience; salary increase; and potential to network:- 2011: # 3 Global, # 1 outside of US
- 2008: # 1 Global
- Business Week - MBA,Surveys both MBA alumni and the recruiters who hire them (alternate years):
- 2006: #4 among non-US business schools
- Wall Street Journal - MBA,Surveys recruiters about their perception of the school’s graduates and the career services support:
- 2007: #2 globally
IMD Alumni
- Paul BulckePaul BulckePaul Bulcke is a Belgian businessman who was appointed the Chief executive officer of Nestlé on 20 September 2007 and officially started in his new role in April 2008.He is married and has three children....
: CEO, NestleNestléNestlé S.A. is the world's largest food and nutrition company. Founded and headquartered in Vevey, Switzerland, Nestlé originated in a 1905 merger of the Anglo-Swiss Milk Company, established in 1867 by brothers George Page and Charles Page, and Farine Lactée Henri Nestlé, founded in 1866 by Henri... - Philipp HummPhilipp HummPhilipp Humm has been with T-Mobile USA since July 2010, and has led as CEO since November 2010. From 2009-2010, Humm was CRO and a member of the Executive Committee of T-Mobile International. From 2005-2008, Humm was CEO and Chief Sales Officer for T-Mobile Germany...
: CEO, T-Mobile USAT-Mobile USAT-Mobile USA, Inc. is an American mobile-network operator, headquartered in Bellevue, Washington, that provides wireless voice, messaging and data services in the United States, Puerto Rico and the U.S. Virgin Islands. The company is the fourth-largest wireless carrier in the U.S. market with 33.73... - Oswald GrübelOswald GrübelOswald J. Grübel is a German businessman. He was the Group Chief Executive Officer at UBS AG from 26 February 2009 to 24 September 2011.-Career:...
: CEO, UBS - Susanne KlattenSusanne KlattenSusanne Klatten is the daughter of Herbert and Johanna Quandt. As of 2011, she is worth $14.6 billion, and is the richest woman in Germany and the 44th richest person in the world....
: Member of the Board, BMWBMWBayerische Motoren Werke AG is a German automobile, motorcycle and engine manufacturing company founded in 1916. It also owns and produces the Mini marque, and is the parent company of Rolls-Royce Motor Cars. BMW produces motorcycles under BMW Motorrad and Husqvarna brands... - Mark RutteMark RutteMark Rutte is a Dutch politician who has been Prime Minister of the Netherlands since 14 October 2010, as well as Minister of General Affairs in the Rutte cabinet...
: Prime Minister, the Netherlands - Thomas SchmidheinyThomas SchmidheinyThomas Schmidheiny is an entrepreneur with an estimated net worth of $4.4 billion in 2006.*Country of citizenship: Switzerland*Residence: Balgach, Switzerland*Industry: Engineering/Construction*Marital Status: married , 4 children...
: Chairman, HolcimHolcimHolcim is a Swiss-based global company supplying cement and aggregates . The company also supplies ready-mix concrete and asphalt including associated construction services.-Holcim Group:... - Matti Alahuhta: CEO, KoneKONEKone Oyj , founded in 1910 and headquartered in Espoo, Finland, is an international engineering and service company employing some 32,500 personnel worldwide. The firm is the fourth largest manufacturer of elevators worldwide, a leading manufacturer of escalators, and also provides maintenance...
Corporation - Mark OpzoomerMark OpzoomerMark Opzoomer is the CEO of Rambler Media since March 2007. Also he was Non-executive director from 16 March 2005.Before joining Rambler, Mark served as the Regional Vice President & Managing Director, YAHOO! Europe from July 2001 to December 2003....
: CEO, Rambler Media - Harsh GoenkaHarsh GoenkaHarsh Goenka has been the chairman of RPG Enterprises, one of India’s largest business groups, since 1988, when he took over from his father R. P. Goenka...
: Chairman, RPG EnterprisesRPG EnterprisesRPG Enterprises is a conglomerates in India.- Subdivisions :RPG Enterprises comprises more than twenty companies in the areas of Power, Transmission, Technology, Retail and Entertainment. Some of the companies it holds are CEAT Tyres, KEC International, Zensar Technologies and RPG Life Sciences... - Milinda MoragodaMilinda MoragodaAsoka Milinda Moragoda is a Sri Lankan politician and businessman. He is Opposition Leader of the Colombo Municipal Council and was, until recently, a Senior Adviser to President Mahinda Rajapakse. He was a former Cabinet Minister and Member of Parliament representing the Colombo District...
: Sri LankaSri LankaSri Lanka, officially the Democratic Socialist Republic of Sri Lanka is a country off the southern coast of the Indian subcontinent. Known until 1972 as Ceylon , Sri Lanka is an island surrounded by the Indian Ocean, the Gulf of Mannar and the Palk Strait, and lies in the vicinity of India and the...
n Cabinet Minister of Justice, Law Reform and MPMember of ParliamentA Member of Parliament is a representative of the voters to a :parliament. In many countries with bicameral parliaments, the term applies specifically to members of the lower house, as upper houses often have a different title, such as senate, and thus also have different titles for its members,... - Jon Fredrik BaksaasJon Fredrik BaksaasJon Fredrik Baksaas is the CEO of Telenor.By education, he received a siviløkonom degree from the Norwegian School of Economics and has additional academic management training from IMD's Programme for Executive Development ....
: President and CEO, TelenorTelenorTelenor Group is the incumbent telecommunications company in Norway, with headquarters located at Fornebu, close to Oslo. Today, Telenor Group is mostly an international wireless carrier with operations in Scandinavia, Eastern Europe and Asia, working predominantly under the Telenor brand... - Gerard KleisterleeGerard KleisterleeGerard Kleisterlee is a former President and Chief Executive Officer of Royal Philips Electronics .-Biography:Born in Germany in 1946 to a mixed Dutch and German couple, he was raised in the Netherlands...
: CEO, Royal Philips Electronics - Svein AaserSvein AaserSvein Aaser is a former CEO of DnB NOR, the largest financial group in Norway. He resigned on 31 December 2006. He is chair of FIS Nordic World Ski Championships 2011, the National Gallery of Norway and Marine Harvest.- Early career :...
: CEO, DnB NORDnB NORDNB ASA is Norway's largest financial services group with total combined assets of more than NOK 2.0 trillion and a market capitalisation NOK 102 billion as per December the 31st. The Group includes brands such as DNB, Vital, Nordlandsbanken, Cresco, Postbanken, DnB NORD and Carlson... - Bjarni ÁrmannssonBjarni ÁrmannssonBjarni Ármannsson resigned as CEO of Glitnir , a financial group based in Iceland, in May 2007.He worked at the Kaupthing securities firm in 1991 to 1997, first in Asset Custody and then as CEO from the start of 1997. Later in 1997, Ármannsson was appointed the CEO of FBA when four government...
: CEO, Glitnir BankGlitnir (bank)Glitnir was an international Icelandic bank. It was created by the state-directed merger of the country's three privately held banks - Alþýðubanki , Verzlunarbanki and Iðnaðarbanki - and one failing publicly held bank - Útvegsbanki - to form Íslandsbanki in 1990...
, Iceland - Ian Charles StewartIan Charles StewartIan Charles Stewart is an entrepreneur and co-founder of Wired and Artworld Salon. Interested in the financial aspects of international art, he has an MBA from the International Institute for Management Development...
: Founder, WiredWired (magazine)Wired is a full-color monthly American magazine and on-line periodical, published since January 1993, that reports on how new and developing technology affects culture, the economy, and politics... - Diego Molano VegaDiego Molano VegaDiego Molano Vega is an electrical engineer, born in Tunja, Boyacá a Department of Colombia, with a master in economics from the Universidad Javeriana and a Masters in Business from the Institute for Management Development , Lausanne, Switzerland...
: Minister of Information Technologies and Communications, Colombia - René MüllerRené MüllerRené Müller is a German former footballer. Müller was first-choice goalkeeper of the East German national team for much of the 1980s, and was twice East German Footballer of the Year. He played for Lokomotive Leipzig for fourteen years, and later had spells with Dynamo Dresden, Sachsen Leipzig and...
: CEO, GMC SOFTWARE AG, Switzerland - Prince Pieter-Christiaan of Orange-Nassau, van Vollenhoven, NetherlandsNetherlandsThe Netherlands is a constituent country of the Kingdom of the Netherlands, located mainly in North-West Europe and with several islands in the Caribbean. Mainland Netherlands borders the North Sea to the north and west, Belgium to the south, and Germany to the east, and shares maritime borders...
External links
- Information's about the International Institute for Management Development
- IMD – International Institute for Management Development, A-Z Business Schools, independent.co.uk
- International Academy of Sports Science and Technology (AISTS)