International Institute for Management Development (IMD) is a

private Private or privates may refer to: Music * " In Private", by Dusty Springfield from the 1990 album ''Reputation'' * Private (band), a Denmark-based band * "Private" (Ryōko Hirosue song), from the 1999 album ''Private'', written and also recorde ...

business school A business school is a university-level institution that confers degrees in business administration or management. A business school may also be referred to as school of management, management school, school of business administration, o ...

Lausanne , neighboring_municipalities= Bottens, Bretigny-sur-Morrens, Chavannes-près-Renens, Cheseaux-sur-Lausanne, Crissier, Cugy, Écublens, Épalinges, Évian-les-Bains (FR-74), Froideville, Jouxtens-Mézery, Le Mont-sur-Lausanne, Lugrin (FR-74), ...

Switzerland ). Swiss law does not designate a ''capital'' as such, but the federal parliament and government are installed in Bern, while other federal institutions, such as the federal courts, are in other cities (Bellinzona, Lausanne, Luzern, Neuchâtel ...

specializes in executive education offering open enrollment programs for senior executives, as well as longer-term educational engagements that are customized for senior executives of a particular company. IMD is well known for its MBA program, which is taught in English and consistently ranked among the best in the world.

History and mission

IMD was formed in January 1990 through the merger of independent management education centers International Management Institute (Geneva) (IMI), established in 1946 by Alcan, and

Institut pour l'Etude des Methodes de Direction de l'Entreprise International Institute for Management Development (IMD) is a private business school in Lausanne, Switzerland specializes in executive education offering open enrollment programs for senior executives, as well as longer-term educational engage ...

(IMEDE) Lausanne established in 1957 by

Nestlé Nestlé S.A. (; ; ) is a Switzerland, Swiss multinational food and drink processing conglomerate corporation headquartered in Vevey, Vaud, Switzerland. It is the largest publicly held food company in the world, measured by revenue and other me ...

. The new organization, the International Institute for Management Development (IMD), settled in Lausanne. The history of IMEDE and its merger with IMI is documented in Jean-Pierre Jeannet and Hein Schreuder (2015, chapters 2 and 4). Its industrial heritage is unusual for business schools, which are usually university-affiliated. IMD business school 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 50 full-time members, made up of 21 different nationalities. The current president is

Jean-Francois Manzoni Jean-François Manzoni (born 1961, Paris, France) is a French and Canadian academic and the President (Dean) and Nestlé Chaired Professor of International Institute for Management Development (IMD), an independent business school with a main camp ...

, who follows

Dominique Turpin Dominique V. Turpin (born 12 January 1957, in Tours), a marketing professor at the International Institute for Management Development (IMD) with research interests in brand management, marketing strategy and communications. He spent his childhoo ...

, John R. Wells,

Peter Lorange Peter Lorange (born 17 April 1943) is a Norwegian economist. He was the owner, President, and CEO of the Lorange Institute of Business Zürich, formerly known as GSBA Zurich, which he bought in July 2009. Peter Lorange has previously been Presi ...

, and Juan Rada. The latter ran the school from 1993 to 2008 and has been widely credited with having established IMD as one of the world's leading business schools. IMD focuses on training and developing general management and leadership skills. Compared to other business schools, IMD tends to select experienced candidates for both the

Master of Business Administration A Master of Business Administration (MBA; also Master's in Business Administration) is a postgraduate degree focused on business administration. The core courses in an MBA program cover various areas of business administration such as accounti ...

(MBA) (average age 31) and the

Executive MBA A Master of Business Administration (MBA; also Master's in Business Administration) is a postgraduate degree focused on business administration. The core courses in an MBA program cover various areas of business administration such as accounti ...

(average age 40). Its other focus is to have a broad international group of participants attending open programs to ensure that no nationality dominates. 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 EMBA * Executive education: open enrollment and company custom programs * The degree programs have

triple accreditation Triple is used in several contexts to mean "threefold" or a " treble": Sports * Triple (baseball), a three-base hit * A basketball three-point field goal * A figure skating jump with three rotations * In bowling terms, three strikes in a row * In ...

by AACSB,

AMBA Amba or AMBA may refer to: Title * Amba Hor, alternative name for Abhor and Mehraela, Christian martyrs * Amba Sada, also known as Psote, Christian bishop and martyr in Upper Egypt Given name * Amba, the traditional first name given to the first ...

, and

EFMD The European Foundation for Management Development (EFMD) is an international not-for-profit association based in Brussels. Europe's largest network association in the field of management development, it has over 890 member organizations from academ ...

( EQUIS).

MBA program

The school's MBA program is a one-year full-time program. The program runs from January through December without any break (summer is dedicated to a Company Engagement Project). Each class includes 90 participants from various countries. The MBA program focuses strongly on personal development, leadership, and general

management Management (or managing) is the administration of an organization, whether it is a business, a nonprofit organization, or a government body. It is the art and science of managing resources of the business. Management includes the activities o ...

instead of functional expertise, and as a result, the majority (70%) of the graduates typically get positions in the industrial and consulting rather than the financial sector, unlike other major schools. Students will benefit from close contact with executives on-site given IMD has been recognised as the best business school for an open program in executive education from 2012 to 2017. Moreover, Students will also enjoy several trips to further expand their knowledge and activate their network: one discovery expedition (one week in a developed country and one week in a developing country), a Europe trip and a trip to reflect on the dilemma. Finally, each student will have to participate in the International Consulting Project during the fall, where he or she will be part of a team and work as a consultant on a project designed by various companies. Starting in 2018, the MBA curriculum includes electives dedicated to practical experience in digital marketing, machine learning, and big data. Admission to the MBA program requires a bachelor's degree or equivalent from an accredited institution, GMAT, and a minimum of three years of full-time work experience, as well as a strong command of written and spoken English and one language in addition to English. Applicants who are deemed successful in the first written stage of the application process are invited to the second stage, and an interview process called the IMD Assessment Day. The Assessment Day is a full-day event held either in IMD's campus in Lausanne, Switzerland, or in Singapore, or in other locations. It involves a personal interview, a short presentation, a business case discussion, and an MBA class observation. The final admissions decision is communicated within 2 weeks of the Assessment Day.

Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also re ...

has ranked IMD's MBA #1 among one-year international MBA programs in its 2019 ranking. Testament to the program's strength and effectiveness in continuously shaping business leaders, IMD has held top spots in the ranking since 2001. IMD has also been ranked #1 in 2017, 2013, 2011, 2007, and 2001.

EMBA program

The curriculum of the EMBA is different from the MBA because it targets experienced managers with at least 10 years of experience who seek to strengthen their careers without leaving their jobs. The average class size is around 55 participants of more than 40 nationalities. The program has three components: the foundations for business leadership, the advanced management concepts, and the mastery stage. Altogether the program takes over one year. It has a strong focus on leadership skills, integrated business themes, and on the immediate practical application of the subject matter. The 55 selected students have an average age of 40. In 2014 IMD joined forces with China's most prominent private business school, the

Cheung Kong Graduate School of Business Cheung Kong Graduate School of Business (CKGSB) () is a private, non-profit, independent educational institution and the only business school in China with faculty governance., CKGSB on the Li Ka Shing Foundation Webpage. The school offers MBA, Fi ...

(CKGSB), to jointly teach a dual degree Executive MBA programme – an MBA for working managers. The new programme will be taught partly in Switzerland, in

, and partly in

Beijing } Beijing ( ; ; ), alternatively romanized as Peking ( ), is the capital of the People's Republic of China. It is the center of power and development of the country. Beijing is the world's most populous national capital city, with over 21 ...

in China, with half the professors involved coming from each school. The 20-month programme will begin in February 2015 and will be in addition to the individual EMBA programmes already taught by the two business schools. The two schools are hoping to attract 60 participants to the programme, from which the participants will receive two degrees. The difference between IMD's established EMBA and the new programme will be that the former concentrates on global management while the latter focuses on China and Europe, says president

. The partnership is a way for the school, based in Switzerland, to extend its reach, he says. “We are still very dependent on the European market.”

Executive education

Executive education is a fundamental part of the school activities.

Ranking

IMD's full-time MBA has been ranked by Bloomberg and

as one of the best one-year programs in Europe and internationally. In 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019 and 2020 IMD was ranked first in open programs worldwide by the ''

Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nik ...

''. The FT also places IMD at second in Custom Programs, with the school jumping up two places from fourth in 2016. IMD remained in second place in the combined custom and open program rankings, maintaining its spot from last year.

IMD alumni (including executive education participants)

*Bappaditya Basu: Chief Business Officer, ANAROCK, INDIA *

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: Former CEO,

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: CEO,

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Corporation *Ole Andersen: Chairman,

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: CEO,

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, Iceland * Jon Fredrik Baksaas: President and CEO,

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: Former CEO,

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: Indian billionaire and Chairman,

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: Former CEO,

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*Carla De Geyseleer, CFO, Volvo Cars *

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: Former CEO,

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, Indian billionaire *

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: Member of the Board, BMW *

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: Chairman

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; Former CEO,

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: Former President and CEO,

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: Chief of Staff to the President of Nigeria from August 2015 to April 2020 *Christoph Loos, CEO, Hilti * Jay Mehta, Chairman, Mehta Group *

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n Cabinet Minister of Justice, Law Reform and MP *Thomas Oetterli, CEO, Schindler Group * Mark Opzoomer: CEO, Rambler Media * Michael Patsalos-Fox: Former Chairman, Americas,

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* Prince Pieter-Christiaan of Orange-Nassau, van Vollenhoven,

Netherlands ) , anthem = ( en, "William of Nassau") , image_map = , map_caption = , subdivision_type = Sovereign state , subdivision_name = Kingdom of the Netherlands , established_title = Before independence , established_date = Spanish Netherl ...

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: Chairman, Holcim *

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References

External links

Information's about the International Institute for Management Development

A-Z Business Schools,

independent.co.uk ''The Independent'' is a British online newspaper. It was established in 1986 as a national morning printed paper. Nicknamed the ''Indy'', it began as a broadsheet and changed to tabloid format in 2003. The last printed edition was published ...

International Academy of Sports Science and Technology
(

AISTS The International Academy of Sport Science and Technology (French: ''Académie internationale des sciences et techniques du sport'', AISTS) is a non-profit foundation based in Lausanne, Switzerland. About AISTS The International Academy of Sports ...

) {{DEFAULTSORT:International Institute For Management Development International Institute for Management Development Educational institutions established in 1990 Organisations based in Lausanne 1990 establishments in Switzerland

History and mission

Education

MBA program

EMBA program

Executive education

Ranking

IMD alumni (including executive education participants)

See also

References

External links