The Center for Sustainable and Inclusive Business

Knut Haanaes' research and teaching focus on strategy, sustainability, strategic renewal and business models. He says these different pillars enable him to help companies think about their path for the future and take account of new trends like demands for greater sustainability.

Sustainability now plays an important part in his work. He was the driving force behind the creation of the Business Schools for Climate Leadership (BS4CL) alliance of eight leading European business schools, which was launched in 2021 to address the climate crisis. The schools plan to collaborate on research to identify and shape best practices and work across industries to accelerate the business community’s response to climate change, and Haanaes continues to play a leading role in the group’s activities.

He is also deeply involved in IMD's strategic partnership with the World Business Council for Sustainable Development (WBCSD), which aims to equip business leaders with the skills to accelerate the pace of sustainable business transformation and create the most sustainability-centered MBA program in the world.

At IMD, Haanaes is Director of the Leading Sustainable Business Transformation (LSBT) program and Co-Director of Driving Sustainability from the Boardroom (DSB), a program developed as part of IMD’s collaboration with WBCSD. He is also head of the sustainability stream in the MBA program and teaches in many of the school's key open programs, including the Advanced Management Program (AMP), Breakthrough Program for Senior Executives (BPSE) and Orchestrating Winning Performance (OWP).

Through his work with clients, Haanaes has also accumulated extensive experience in a number of industries on issues of strategy. He believes that the secret to creating lasting, impactful companies is to find a balance between doing what you're good at (exploitation) and looking for new challenges to take on (exploration).

At IMD, he has helped run custom programs for Neste, CMS, Technip FMC, Coca-Cola Bottling, Mondelez, Maybank, Rio Tinto and Iberdrola.

Haanaes’ teaching on strategy is underpinned by his best-selling book Your Strategy Needs a Strategy. The book won praise from the likes of World Economic Forum founder and Executive Chairman Klaus Schwab, Pfizer Chairman and CEO Ian C. Read and Benetton CEO Marco Airoldi after being published by Harvard Business Review Press in 2015 and it has since been translated into seven other languages.

He is also a successful TED speaker. His TED talk "Two reasons companies fail – and how to avoid them" has attracted more than 2 million views.

Haanaes has published articles in top publications such as Harvard Business Review and MIT Sloan Management Review and research reports for the Boston Consulting Group (BCG), The World Economic Forum and MIT.

He joined IMD in 2016 from BCG, where he was a Senior Partner and Global Leader of the Strategy Practice. He also led BCG’s collaboration with MIT on sustainability, developing one of the largest databases globally of how executives address the topic, and founded the BCG global sustainability initiative.

Haanaes was Dean of the Global Leadership Institute at the World Economic Forum between 2018 and 2020. He is also a member of the CEO’s Sustainability Advisory Board at Carlsberg, and he previously served as Chairman of BI Norwegian Business School, a member of the Global Agenda Council on New Economic Growth Models at the World Economic Forum, Executive Director of the Research Council of Norway and a Visiting Scholar at Stanford University. 

Selected publications

Business schools must do more on climate change (Harvard Business Review, 2022)

How the university of the future must adapt to train future leaders (Forbes, 2020).

Your Strategy Needs a Strategy (Harvard Business Review Press, 2015)

Making sustainability profitable (Harvard Business Review, 2013)

How serious is climate change to business? (MIT Sloan Management Review, 2013).

Sustainability as adaptability (Journal of Applied Corporate Finance, 2012)

Sustainability nears a tipping point (MIT Sloan Management Review, 2012).

New sustainability study: The 'embracers' seize advantage (MIT Sloan Management Review, 2011)

Recognition

President’s Award, BCG

Expansion Management Review Best Article

BI Norwegian Business School best lecturer prize

Education

MSc (Economics)

Norwegian School of Economics and Business Administration (NHH)

PhD (Strategy)

Copenhagen Business School

Political economy expert David Bach brings to IMD a proven track record of creating impactful learning journeys in a dual role as both Professor and Dean. 

Through his award-winning teaching and writing, Bach helps managers and senior executives develop a strategic lens for the nexus of business and politics. This enables them to more effectively navigate the myriad political challenges facing business, from corporate diplomacy and resurgent economic nationalism to stakeholder demands for greater sustainability and shaping policies for a post-COVID-19 world. His course “The End of Globalization?” – designed in the aftermath of the Brexit vote and the rise of populist leaders across Western democracies – received the 2018 Ideas Worth Teaching Award from the Aspen Institute. 

In January 2021, Bach will assume the role of Dean of Innovation and Programs at IMD and will lead efforts to enhance the school’s global reach and impact through both programmatic and pedagogical innovation.

“IMD faculty and expert staff already set the bar for real learning with real impact on our campuses in Lausanne and Singapore, and at client sites around the world. In keeping with our mission to ‘challenge what is and inspire what could be,’ my goal is for IMD to similarly become the reference point for digital design and delivery, and to be unrivalled in our ability to craft learning journeys for our clients that combine the best of in-person and online – reaching more leaders in more places more effectively and driving greater impact.”

Professor Bach is one of the main architects of the Global Network for Advanced Management, an alliance of 32 top global business schools from five continents, of which IMD has been a member since 2012. In his previous position at Yale School of Management, where he served as Deputy Dean, Bach led the successful expansion of the school’s degree program portfolio and the creation of Yale Center Beijing, which he oversaw until joining IMD.

Bach says that what drew him to IMD was the institution’s outstanding faculty, its innovative, global character, and a relentless focus on real impact. 

“I’m thrilled to be surrounded by such incredible colleagues who share IMD’s commitment to learning and impact,” reveals Professor Bach. “The opportunity to engage with leading executives from around the world on a daily basis, and to help them solve some of the most pressing problems confronting business and society, is an incredibly exciting opportunity.” 

Born and raised in Germany, Professor Bach completed his undergraduate studies at Yale and earned a PhD in political science from the University of California at Berkeley.

Professor Bach is an avid skier and is trying to learn how to kite surf. He lives in Lausanne with his family.

Julia Binder specializes in the intersection between sustainability and innovation. Her research and teaching explore the processes, strategies and mechanisms that allow entrepreneurs and managers to combine economic, social and environmental impact in their businesses. As Director of IMD's new Center for Sustainable and Inclusive Business, she aims to help business leaders find radical and innovative solutions to some of the biggest challenges of our time. Her work on how sustainable entrepreneurs could provide a blueprint for other business leaders led to her being named on the 2022 Thinkers50 Radar list of management thinkers to watch in the coming year.

While companies are often denounced as being part of the sustainability problem, Binder believes that seizing their size and scale to achieve positive impact is likely to be one of the decisive factors in our collective efforts to halt environmental degradation and reduce social inequalities.

She is particularly interested in new business models that have the potential to transform our economic system by putting humans and the natural environment at the heart of the organization.

In this work she draws inspiration from sustainable entrepreneurs, who seek to radically change entire industries and create truly holistic and inclusive organizations. Sustainable entrepreneurs engage in radical leadership, question and rethink common practices and procedures, and envision and implement bold new ideas that seem impossible to others. Instead of aiming for a competitive advantage and profit maximization, they are joining forces with all possible stakeholders to co-create, co-execute, and co-impact for a sustainable future, she says.

Binder received her PhD summa cum laude from the Technical University of Munich for her thesis on sustainable entrepreneurship, and she continues to research the topic at IMD. She has discovered that sustainable entrepreneurs display psychological traits that could help other executives learn how to reframe problems so that they can better identify solutions. "From the studies with the entrepreneurs we found they are looking at these problems through different lenses and by doing that they are coming up with non-obvious, interesting and insightful solutions to the biggest challenges of our times," she says.

She also focuses on processes and approaches that are being piloted by sustainable entrepreneurs – such as new work structures with unlimited vacations, and strategies that equally weight social and environmental issues with profit – to see how they could be implemented at larger organizations to enable them to stay relevant in the future.

The Center for Sustainable and Inclusive Business led by Binder also aims to support leaders and companies who are keen to take steps towards a more sustainable and inclusive business world, by

harnessing IMD's knowledge and expertise in the area and offering tools to help them deliver systemic, innovative and impactful responses.

Binder's research has been published in the Journal of Business Venturing, Entrepreneurship Theory and Practice and the Academy of Management Review, and she teaches on IMD's Transition to Business Leadership (TBL) and Digital Marketing Strategies (DMS) programs, as well as organizing its MBA Innovation Week.

Prior to joining IMD in 2021, Binder was Deputy to the Vice President for Innovation at École polytechnique fédérale de Lausanne (EPFL) and led the school’s sustainability initiative Tech4Impact. In this role she established a multi-stakeholder platform bringing together actors from academia, business, NGOs, governments and civil society to realize innovative and entrepreneurial solutions with potential to achieve sustainable impact. She also served as Chair of the Swiss Space Center.

Selected publications

Getting more from many—A framework of community resourcefulness in new venture creation (Journal of Business Venturing, 2021)

I am what I pledge: The importance of value alignment for mobilizing backers in reward-based crowdfunding (Entrepreneurship Theory and Practice, 2021)

Painting with all the colors: The value of social identity theory for understanding social entrepreneurship (Academy of Management Review, 2019)

Navigating the validity tradeoffs of entrepreneurship research experiments: A systematic review and best-practice suggestions (Journal of Business Venturing, 2019)

Recognition

Named on Thinkers50 Radar list of management thinkers to watch in the coming year (2022)

World Open Innovation Conference Best Emerging Scholar Paper Award (2019)

Bavarian Culture Prize for best PhD thesis (2017)

Best Case Study in oikos Case Writing Competition social entrepreneurship track (2016)

Education

Bachelor's degree (Marketing and Communication)

IMK Wiesbaden

MSc (Marketing)

University of Edinburgh

PhD (Entrepreneurship/Entrepreneurial Studies)

Technische Universität München

Salvatore Cantale is Professor of Finance. His academic and consulting work is divided into two different but complementary streams. First, he works at the intersection between strategy, business models, and financial results. He also sheds light on the relationship between ESG and finance, with the aim of increasing the understanding of how ESG policies impact both sustainability outcomes and financial results, and of helping companies navigate ESG ambitions and regulatory requirements.

In the area of strategy, business models, and financial results, Cantale helps class participants and companies to decipher financial results, determine the financial implications of business initiatives, and develop the business case for courses of action by putting numbers on proposed measures. He insists that a better understanding of the financial implications of a desired course of corporate action is a prerequisite for any aspiring value-enhancing executive at any level. As a certified leadership coach, he also provides guidance on ways to improve the performance of finance functions.  

In the field of ESG and finance, he is interested in sustainable business models, climate tech, investor activism, and how financial tools such as green bonds, sustainability-linked bonds, and derivatives can help address challenges for corporations in financing their investments in this essential area. His work has been presented at the European Parliament Committee on Transport and Tourism (TRAN), and has had a powerful impact on how to translate regulation and policy directions into implementable actions for companies.

At IMD, his portfolio of activities covers a wide range of topics and participants. He directs the Finance for Boards (FFB) program and the newly designed Sustainability for Boards and Board Banking Program. He also teaches finance in the MBA program, delivers customized sessions on finance and strategy for general management programs such as the Advanced Management Program (AMP) and the flagship program Orchestrating Winning Performance (OWP), and contributes to the Strategic Finance (SF) program.

In addition, he has carried out consultancy services or designed and delivered in-company programs for many organizations including financial companies such as APG, MUFG, Development Bank of Japan, China Development Bank, China Minsheng Bank, Bank of Communications, UniCredit and Industrial and Commercial Bank of China, as well as strategy programs for non-financial companies such as Lacoste, Pernod Ricard, NCC, Bupa Arabia, Barilla, Seadrill, Unilever, Coca-Cola Hellenic, Tata Motors, Pirelli, Sibur, KPN, Honda, Kering and Maersk.

He has been published in a variety of international double-refereed journals on topics such as IPOs, security design, financial engineering, and dual listing. His work has also appeared in practitioner journals such as MIT Sloan Management Review, as well as in the Wall Street Journal, the Financial Times, and other media outlets.

Before joining IMD in 2011, he was a faculty director for the Master’s in finance at the AB Freeman School of Business at Tulane University in the US, where he won numerous teaching awards. Previously, he worked as an analyst with a large investment bank in London, and as a research fellow at New York University.

Selected publications

Solutions to ‘dirty’ bitcoin’s growing sustainability challenge (I by IMD, 2021)

ABP’s bold move strengthens the case for divesting fossil fuel stocks (I by IMD, 2021)

Low cost, high impact: the new ‘Barbarians at the Gate’ (I by IMD, 2021)

Danone’s damaging brush with activist investors (I by IMD, 2021)

Is your company addicted to value extraction? (MIT Sloan Management Review, 2014)

Recognition

Global Finance Association Best Paper Award

Southern Finance Association Outstanding Paper Award

Education

BA (Economics and Finance)

University of Catania, Italy

Master’s degree (Management)

INSEAD

PhD (Finance)

INSEAD

Carlos Cordon is a Professor of Strategy and Supply Chain Management. Cordon’s areas of expertise are supply chain management, digital, value chains, digital lean and process management, all of which are particularly relevant topics in the context of the supply chain challenges that businesses are facing. His research and teaching are currently focused on the reconfiguration of supply chains in the face of persistent disruptions, how supply chains are driving revenue, reshoring and onshoring, and digital strategies.

Cordon says supply chain constraints have become a driver of extraordinary growth in profits for some companies as a result of availability constraints, increased demand and higher prices. General Motors sold 20% fewer cars in 2021 than in 2019 as a result of a shortage of microchips, for example, but still managed to record a 48% rise in profits over the same period.

He is the author of numerous articles and case studies in his specialist fields and has won various awards for his work. He was named on the the Case Center list of the top 50 best-selling case authors globally in 2020/21 and was a winner in the 2017 EFMD Case Writing Competition with IMD colleagues Benoît Leleux and Beverley Lennox for a case study on Adidas.

He is also the author of four books, including the 2016 title Strategy is Digital, which explores how companies can use big data in their value chains. The book presents strategies and practices to allow companies to take advantage of the huge business opportunities arising from the advent of big data and guides them through their big data journey.

Cordon is a consultant to multinational companies in the electronics, food, chemical, pharmaceutical, and car industries, among others. He has designed and directed numerous executive development programs and has helped some of the world’s biggest companies to develop their supply chain and digital strategies, including Johnson & Johnson, Nestlé, Coca Cola, Merck, Mondelez, Unilever, Heineken, Philip Morris, Danone and Reckitt Benckiser among others. He is also a member of the Coca-Cola European Partners’ Digital Advisory Board.

He joined IMD in 1993 after completing a PhD in Management at INSEAD. He was previously a manager in Accenture’s manufacturing and distribution consulting group and MIS Manager at Grupo General Cable in Spain (now part of the Prysmian group).

Selected publications

Why sustainability targets are close to mission impossible (I by IMD, 2021)

Re-use or recycle? Designing a business model for the circular economy (I by IMD, 2021)

Physical stores' surprising comeback in the pandemic (Shanghai Daily-Shine, 2021)

The antibiotic ecosystem conundrum (IMD, 2020)

Sustainable adoption of digital health innovations: Perspectives from a stakeholder workshop (Journal of Medical Internet Research, 2019)

Strategy is Digital: How Companies Can Use Big Data in the Value Chain (Springer, 2016)

The Value Chain Shift: Seven Future Challenges Facing Top Executives (IMD, 2014)

Strategic Supply Chain Management (Routledge, 2012)

The Power of Two: How Smart Companies Create Win-Win Customer-Supplier Partnerships that Outperform the Competition (Palgrave Macmillan, 2008)

Recognition

Named on Case Centre list of top 50 best-selling case authors (2020/21)

Winner of EFMD Case Writing Competition (2017)

Education

Master's degree (Civil Engineering)

Escuela Politecnica de Barcelona

PhD (Management)

INSEAD

Frédéric Dalsace focuses on two distinct areas – B2B issues such as customer centricity, buyer-seller relationships, and value management, and sustainability, inclusive business models, and alleviating poverty.

He is Co-Director of IMD’s new Leading Customer-Centric Strategies (LCCS) program and believes that companies need to rethink their approach to customer centricity. He says many organizations only consider customer centricity when they are defining their offers, but that they also need to incorporate it into the value delivery and value capture dimensions of their business models. One way of doing this is through risk-sharing business models including fully service-based offerings, such as Rolls Royce's Power by the Hour model, or performance-based and outcome-based contracts in which payments depend on the value created, with the result that the interests of suppliers and customers are aligned.

Risk-sharing business models are also relevant in Dalsace’s work on sustainability because they lead to more circular and more efficient solutions. He previously worked with 2006 Nobel prize winner Professor Muhammad Yunus on inclusive business models, and is currently helping firms to integrate sustainability into their broader strategy by making the business case for sustainability, for example. Many companies have been naive about sustainability and have made the mistake of decoupling it from their overall strategy, he says.

He is also collaborating with IMD’s Professor of Strategy Arnaud Chevallier on a project to identify and evaluate the types of questions that leaders should be asking of those around them. As this is not something that is formally taught, leaders tend to learn by doing, which can lead to blind spots. Using a database of more than 600 executives, the pair have therefore developed a template for the types of questions that leaders need to ask – and how to ask them.

Dalsace has worked with a range of firms including Atlas Copco, UCB, Valmet, VAT Group, Grundfos, MANE, Porsche and STADA, and he has published in academic journals such as Harvard Business Review, Business Horizons, Strategic Management Journal and Revue Française de Gestion.

Before joining IMD in 2019, he was a Professor at HEC Paris for 16 years, holding the Social Business/Enterprise and Poverty Chair, and he has won numerous awards for his teaching, research, and publications.

Prior to his academic life, he held a series of senior positions in the business world, including marketing roles at Michelin and CarnaudMetalbox and as a strategy consultant with McKinsey.

Selected publications

Mindset drives success: Selling beneficial products at the base of the pyramid (Business Horizons, 2021)

The friend or foe fallacy: Why your best customers may not need your friendship (Business Horizons, 2017)

Reaching the rich world’s poorest consumers (Harvard Business Review, 2015)

Do make or buy decisions matter? The influence of organizational governance on technological performance (Strategic Management Journal, 2002)

L’entreprise contre la pauvreté (Fondation Jean Jaurès, 2011)

Recognition

HEC Montreal CSR Challenge Case Writing Competition Award (2022)

Named on Case Centre list of best-selling cases (2021)

Strategy Management Society (Strategy Process Interest Group) Best Paper Prize (2019)

Business Horizons Best Article Award (2017)

Named on Poets & Quants list of MBA graduates’ favorite professors (2017)

HEC Paris MBA Program Best Permanent Professor (Specialized Phase) (2016, 2017)

Case Centre Award for Best Marketing Case (2015)

Best Teacher Award, HEC (2006)

HEC Foundation Prize for best article published by HEC Faculty (2004)

Winner of Institute for the Study of Business Markets Doctoral Competition (2000)

Education

MSc (Business Administration)

HEC Paris

MBA

Harvard Business School

MSc (Management)

INSEAD

PhD (Management)

INSEAD

Vanina Farber is an award-winning economist and political scientist who specializes in social innovation and the mobilization of private capital for impact investing. Her research focuses on innovative, practical, sustainable, and inclusive market-oriented approaches that have the potential to change the world by eliminating the root causes of social ills. She is particularly interested in social innovation, social entrepreneurship, impact investing, sustainable finance and ESG, and applies a gender lens in all her research projects.

A key element of her work is to explore how the private sector can embed the idea of impact in the investment decision making process, particularly in relation to risk-adjusted return calculations and resource allocation. She seeks to understand the social innovation landscape through a holistic approach that examines both the supply of and demand for social innovation initiatives.

At IMD, she leads the elea Center for Social Innovation which is carrying out important research in this area. Among other topics, the Center is looking at how the private sector can deploy capital at scale for investments in projects with real social impact, and how private, public sector and philanthropic investors can collaborate effectively.

The Center was created by a donation from the family of Peter Wuffli with the aim of inspiring leaders in business, government, and civil society to create social innovation in their respective areas of responsibility.

In 2020, Farber co-authored the book The elea Way: A Learning Journey towards Sustainable Impact, with Peter Wuffli, the Founder and Chairman of the elea Foundation for Ethics and Globalization. The book summarizes insights from the foundation’s 15-year journey and is aimed at entrepreneurs, investors, executives, philanthropists, policymakers, and anyone curious about entrepreneurship and inclusive capitalism. Using real-life examples, it includes suggestions on how to lead impact enterprises in such areas as developing strategies, plans and models, building effective teams and organizations, managing resources, and handling crises.

Farber’s work involves collaboration with a range of financial institutions and corporate clients, and in 2022 she will launch IMD’s Driving Innovative Finance for Impact open program in partnership with the International Committee of the Red Cross, Lombard Odier, and the World Economic Forum. She also plays an active part in the Swiss Lab for Sustainable Finance and Gender Lens Initiative for Switzerland research networks, and is an advisory board member at the Impact Finance Forum and an international academic advisory board member at the Católica Porto Business School in Portugal.

She also teaches courses on impact investing in IMD’s MBA and Executive MBA programs and leads the pioneering Discovery Expedition to Peru for EMBA participants, where they perform due diligence on Peruvian social enterprises for Swiss and local impact investors.

Farber was named Outstanding Case Writer in the 2022 Case Centre Awards for her study on pay-as-you-go technology company Angaza. She has also been recognized as winner of the EFMD Case Writing Competition 2022 in two categories: African Business for Angaza, and Responsible Leadership for Nia Impact Capital. She also won the responsible leadership category in the 2019 EFMD Case Writing Competition for her case on Philip Morris International's vision of a smoke-free future.

Prior to joining IMD in 2018, Farber was Professor and Chair of Sustainable Entrepreneurship and Social Inclusion at Universidad del Pacífico, Peru. In January 2022 she was appointed as the fifth Dean of the IMD EMBA program.

Selected publications

Defining and conceptualizing impact investing: Attractive nuisance or catalyst? (Journal of Business Ethics, 2022 forthcoming)

Gender and entrepreneurial propensity: Risk-taking and prosocial preferences in labour market entry decisions (Social Enterprise Journal, 2021)

The elea Way: A Learning Journey Toward Sustainable Impact (Routledge, 2020)

Will Covid-19 pave the way for more business responsibility? Evidence from Switzerland (Enterprise for Society Center, 2020)

In Alain Gibb's footsteps: Evaluating alternative approaches to sustainable enterprise education (International Journal of Management Education, 2016)

Recognition

Winner of the Case Centre Outstanding Case Writer Competition (2022)

Global Business School Network Going Beyond Award finalist (2021)

Winner of EFMD Case Writing Competition Awards (2019 and 2022)

Education

Bachelor's degree (Political Science)

University of Buenos Aires

MA (Economics)

University of Memphis

As a former Olympic finalist, award-winning writer, executive coach, and speaker with more than 20 years of corporate experience with large multinationals, Susan Goldsworthy brings knowledge from the fields of sport, business and neuroscience to her leadership development work. She focuses on how leadership needs to change in an increasingly uncertain world, working with people and companies to turn knowledge into behavior to create the conditions for healthy high performance.

Goldsworthy believes that our current way of working and living is unsustainable – not only for ourselves, but for other species that share our planet – so the need for change with new narratives is critical. This includes a change in the style and type of leadership of organizations. No one person has all the answers, so the model of "power over" needs to be replaced by one of "power with" to cultivate conditions where people can flourish and co-create solutions to the challenges organizations face. This means uniting and working across departments, industries, cultures, and age groups, with a focus on inclusivity and diversity.

Goldsworthy has worked at senior management level in both publicly and privately owned companies in Japan, America and Europe, and has extensive experience in leading global communications, culture, brand management and diversity programs. She has also run her own successful business in leadership development, executive coaching and change communications for more than a decade. She is therefore able to offer expert guidance to individuals, teams, and companies on how organizations can develop clear, consistent, and credible narratives and instill a culture of sustainable high performance.

Notably, she has a long list of postgraduate qualifications and was one of the first people in the world to be awarded an Executive Masters in the Neuroscience of Leadership. Meanwhile, her doctoral research with Hult Ashridge International Business School explored how leaders have a responsibility to co-create conditions for hope and agency in the current world context. As a highly qualified C-suite executive coach, she is also trained in the use of a number of psychometric assessment tools.

Before embarking on her studies, Goldsworthy had a successful international swimming career during which she was an Olympic finalist, medal winner at the European Championships and Commonwealth Games and British record holder for five years.

She is co-author of three award-winning books. The recently released Where the Wild Things Were is a story for all ages about leadership, responsibility, hope and biodiversity loss, and won an Axiom Business Book Awards Bronze Medal in 2020. Meanwhile, Care to Dare: Unleashing Astonishing Potential through Secure Base Leadership, written with Duncan Coombe and George Kohlrieser in 2012, and Choosing Change: How Leaders and Organizations Drive Results One Person at a Time, co-authored with Walter McFarland in 2013, were both named among Soundview’s best business books of the year and won Axiom Business Book Award Silver Medals.

Goldsworthy works with a number of multinational clients across a wide range of industries. Her work with aviation technology group SITA won gold in the Excellence in Executive Education category of the 2021 Chief Learning Officer Learning in Practice Awards. The category is specifically for executive education providers delivering targeted programs for specific clients. Goldsworthy and her team were honored for their work on the SITA 5.0 Leadership Journey, an IMD custom program for the company's top 200 executives.

In addition, she is Associate Director of IMD's CLEAR (Cultivating leadership Energy through Awareness and Reflection) senior leadership program and Co-Director of the new IMD Executive Coaching Certificate.

She is a fellow of the Institute of Data & Marketing, a member of the Chartered Institute of Marketing, and the International Coaching Federation.

Selected publications

Can we have two golds? (Today's Manager, 2021)

Recovery: The forgotten aspect of high performance (Today's Manager, 2021)

Jan Van Hasenbroek: A 'red-pencil' leader at a crossroads (IMD, 2020)

Where the Wild Things Were (IMD, 2019)

Choosing Change: How Leaders and Organizations Drive Results One Person at a Time (McGraw Hill, 2013)

Care to Dare: Unleashing Astonishing Potential through Secure Base Leadership (Jossey-Bass, 2012)

Recognition

Chief Learning Officer Learning in Practice Awards gold medal for Excellence in Executive Education (2021)

Axiom Business Book Awards bronze medal winner (2020)

Axiom Business Book Awards double silver medal winner (2014)

Named on Soundview best business books of the year list (2013 and 2014)

Education

BA (Hons) (Journalism and Industrial Psychology)

San Diego State University

MSc (Consulting and Coaching for Change)

HEC/University of Oxford

Executive Masters (Neuroscience of Leadership)

Middlesex University/NeuroLeadership Institute

PhD (Organizational Change)

Ashridge Hult International Business School

James Henderson is an expert on strategic agility, or the development and implementation of strategy under uncertainty. His research focuses on competitive strategy, corporate strategy, digital transformation, ecosystems, sustainability, and strategy execution.

Henderson says agility is all about an organization’s ability to respond to changing situations and to balance current performance with the exploration of opportunities for future growth. It may, therefore, involve an options-based approach in which small investments are made in projects with potential so they can be scaled up quickly if necessary, but without any major commitments if they don’t prove to be commercially viable. His research in this area has focused on investment timing, corporate venturing, strategic partnerships, and ecosystems.

He says agility takes different forms when applied to digital or sustainability transformation. Digital transformation initiatives usually incur rapid change cycles where getting it wrong can be quickly corrected. On the other hand, sustainability transformation initiatives often require long-term investments in physical infrastructure where companies need to be sure that the economics are right before making heavy commitments. However, he notes, conditions for sustainability transformations are now changing due to growing political will to support the transition to new sources of clean energy.

Henderson has also recently explored the topic of inclusive strategy, finding that giving employees and stakeholders a bigger say in strategy can foster greater engagement and understanding and thereby give firms a competitive edge.

He has helped many companies achieve and sustain their competitive advantage at a business unit, corporate, or global level through directing custom-specific executive programs, facilitating strategy workshops, or teaching MBAs and executives. He has designed, delivered, and directed programs for companies in a variety of industries including healthcare, aerospace and defense, capital-intensive industries, professional and financial services, high technology, consumer products, and economic development agencies.

At IMD, Henderson is Director of the Strategic Partnerships (SP) online course and Co-Director of the Leading Sustainable Business Transformation (LSBT) open program. He was also Director of the International Consulting Projects component of the MBA program between 2008 and 2021, and Dean of Programs and Innovation between 2012 and 2016, overseeing the doubling of the institute’s EMBA program, the redesign of its Program for Executive Development diploma, the launch of its Global Leadership in the Cloud portfolio of online programs, and the development of the Global Leader Index assessment tool.

He coedited the 2005 Strategic Management Society book Restructuring Strategy: New Networks and Industry Challenges, and his articles have been published in well-known journals such as the Strategic Management Journal, Academy of Management Journal, Journal of Business Venturing, and Journal of Operations Management. He also sits on the editorial board of the Strategic Management Journal. Furthermore, he has developed more than 50 published case studies, and won several research and teaching awards.

Before joining IMD in 2006, he was an Associate Professor of Strategic Management at Babson College and Babson School of Executive Education in Boston, Massachusetts.

Selected publications

Overcoming the seven concerns stopping you from building a more inclusive strategy (I by IMD, 2022)

Sustainability: From the drawing board into the business (I by IMD, 2021)

The influence of relational experience and contractual governance on negotiation strategies in buyer-supplier disputes (Journal of Operations Management, 2012)

Commitment versus flexibility: The role of resource accumulation lags (Academy of Management Journal, 2008)

From a hierarchy to a heterarchy of strategies: Adapting to a changing context (Management Decision, 2007)

Restructuring Strategy: New Networks and Industry Challenges (Blackwell Publishing, 2005)

Learning to time capacity expansion decisions: An empirical study of the global petrochemical industry (Strategic Management Journal, 2003)

Recognition

EFMD Excellence in Practice Gold Award (2018)

Management Decision Best Article award (2007)

ECCH Best Selling Case in Europe award (1993)

Academy of Management Conference Business Policy and Strategy Division Carolyn Dexter Award (2009)

Paper included in Academy of Management Best Paper Proceedings (2003)

Nominations for Strategic Management Society Best Paper Prize (2003 and 2004)

Education

BA (Economics)

University of Western Ontario, Canada

MBA

Ivey School of Business, University of Western Ontario, Canada

PhD (Strategic Management)

INSEAD

Florian Hoos is a Professor of Sustainability and ESG accounting at IMD. He is an award-winning teacher, innovator, and writer who was selected by Poets&Quants as one of "The World's Top 40 Business School Professors Under 40" in 2014. Before joining IMD, he served 10 years as faculty member at HEC Paris, where he directed the Master’s in Sustainability and Social Innovation program, and was a visiting assistant professor at MIT Sloan School. He also accumulated 10 years’ experience in leadership positions as managing director and entrepreneur with his own firm.

An accountant by training and impact innovator by experience, his work in academia and practice focuses on the challenges of triple-impact creation: making strong profits through integrating social and ecological aspects into business. The core of his work is helping organizations from startups to multinationals to execute strategies with measurable economic, social, and ecological impact. He has designed and directed customized programs for several large multinationals, helping them to innovate business models, internal processes, and incentive and reporting systems that prepare them for a future where sustainability is at the heart of the business.

Besides his academic positions, Hoos was Managing Director of the Center for Entrepreneurship of the Technical University in Berlin, where he managed an accelerator and makerspace and advised deep-tech and tech-for-impact startups with his team of 20+ people. He has advised a wide range of companies from startups to multinationals on their ESG strategy, sustainable innovation, and business model development. As a certified radical collaboration trainer, he currently helps executives navigate the triple-impact transformation to guarantee a successful implementation of sustainable company structures such as triple-impact reporting and incentive systems.

His work has been published in leading scientific journals including the Strategic Entrepreneurship Journal, Journal of Business Ethics, Management Accounting Research, and Accounting and Business Research. He is also a member of the editorial review board of Academy of Management Learning & Education and won one of the journal’s 2020 best reviewer awards for his academic services. Hoos was a pioneer of online education with courses on the coursera.com platform including his course Social Entrepreneurship and Changemaking for the first fully online master’s program at HEC Paris. Besides multiple awards for his teaching in executive programs and pedagogical innovations, he won the Best Professor Award of HEC Paris (Prix Vernimmen) in 2014.

Selected publications

Showing off or showing impact? The joint signalling effect of reputation and accountability on social entrepreneurs’ crowdfunding success (Management Accounting Research, 2022)

Impact measurement based on repeated randomized control trials: The case of a training program to encourage social entrepreneurship (Strategic Entrepreneurship Journal, 2021)

Who’s watching? Accountability in different audit regimes and the effects on auditors’ professional skepticism (Journal of Business Ethics, 2019)

Why are auditors blamed when something goes wrong? Experimental evidence (International Journal of Auditing, 2018)

The relationship between lack of controllability and proactive work behaviour: An empirical analysis of competing theoretical explanations (Accounting and Business Research, 2017).

Recognition

Academy of Management Learning & Education best reviewer award (2020)

HEC Foundation Best Pedagogical Innovation Award (2016)

Prix Vernimmen HEC Paris Best Professor Award (2014)

Named on Poets & Quants 'Best 40 under 40' list of leading business school professors (2014)

German Institute of Internal Auditors Best Dissertation Award (2011)

Education

MSc (Business Administration)

University of Giessen, Germany

PhD (Management)

HEC Lausanne

Karl Schmedders' research and teaching currently focus on sustainability and the economics of climate change. He is therefore able to provide key insights on the transition risk arising from the shift to a greener economy and help companies face up to the challenges of potential asset degradation and increasing carbon prices.

He says finance and economics offer many tools to combat climate change, and the power of incentives and markets can be employed to make progress, and argues that businesses and consumers need to take a leading role in the search for solutions to the climate crisis, and not just wait for governments and policy makers to introduce climate change mitigation and adaptation measures.

Schmedders is passionate about the importance of a "just transition" in which no one loses out as a result of action to tackle climate change. He believes that more attention needs to be paid to the S and G elements of the ESG (environmental, social and governance) equation, to ensure that action on the environmental component does not adversely affect poor people and those living in developing countries. In his view, humanity will fail in its fight against climate change and global warming if it does not also address inequality and ensure a just transition.

His expertise in computational methods in finance means that he is able to apply numerical solution techniques to complex economic and financial models and shed light on a range of topical market issues and industry problems for organizations. He was Director of IMD’s custom program for Malaysian bank Maybank and has worked with a range of clients such as ABB, Airbus, Eneva, Evonik, Orkla and Julius Bär.

He is also Director of IMD’s new online certification course for structured investment products in partnership with Swiss company Leonteq, teaches in the Advanced Management Concepts (AMC) and Executive MBA programs, and is an advisor on International Consulting Projects in the MBA program.

He has published numerous research articles in international academic journals such as Econometrica, Review of Economic Studies, Journal of Financial Economics, Journal of Finance, Review of Financial Studies, Management Science and Operations Research.

Before joining IMD in 2019, Schmedders was Professor of Quantitative Business Administration at the University in Zurich and Associate Professor of Managerial Economics and Decision Sciences at the Kellogg School of Management at Northwestern University in Evanston, Illinois. He received his PhD from Stanford University and received several teaching awards from both Stanford and Kellogg.

He remains a Visiting Professor of Executive MBA Education at Kellogg School of Management and is a board member of Swiss firms LPX Group and SYLVA AG. He is also a fellow of the Game Theory Society.

Selected publications

A large-scale optimization model for replicating portfolios in the life insurance industry (Operations Research, 2021)

Asset pricing with heterogeneous agents and long-run risk (Journal of Financial Economics, 2021)

What managers need to know about data exchanges (MIT Sloan Management Review, 2020)

Higher-order effects in asset-pricing models with long-run risk (Journal of Finance, 2018)

Optimal and naive diversification in currency markets (Management Science, 2017)

A polynomial optimization approach to principal agent problems (Econometrica, 2015)

Bond ladders and optimal portfolios (Review of Financial Studies, 2011)

On price caps under uncertainty (Review of Economic Studies, 2007)

Recognition

Kellogg-HKUST EMBA program Best Faculty Award (2017)

Kellogg-WHU EMBA program Best Teacher Award (2008, 2009, 2011-2015, 2017, 2019)

Rochester-Bern EMBA program Superior Teaching Award (2014 and 2016)

Kellogg-Recanati EMBA program Best Teacher Award (2014)

Kellogg EMBA program Outstanding Professor Award (2009, 2011-2013, 2015)

WHU Koblenz Best Teacher Award (2002-2004)

L.G. Lavengood Professor of the Year, Kellogg School of Management (2002)

Walter J. Gores Award, Stanford University (1996)

Education

MS (Operations Research)

Stanford University

PhD (Operations Research)

Stanford University

Michael Yaziji is an award-winning author whose work spans leadership and strategy. He is recognized as a world-leading expert on non-market strategy and NGO-corporate relations and has a particular interest in ethical questions facing business leaders. His latest research includes the world's largest survey on psychological drivers, psychological safety and organizational performance and explores how human biases and self-deception can impact decision-making and how they can be mitigated.

His earlier survey on NGO campaigns against corporations is the world's largest and most comprehensive on the topic and was the backbone for his seminal book NGOs and Corporations: Conflict and Collaboration. He is also focusing increasingly on sustainability as companies come under growing pressure from NGOs to take more action in this area.

Holding separate doctorates in ethics and strategy gives him a unique perspective which enables him to integrate different academic and practical approaches in his work. His Strategy and Management PhD from INSEAD centered on non-market strategy and provides the foundations for his ongoing work on NGO-corporate relations, while his PhD in Analytic Philosophy from the University of California focused on ethics, ontology and epistemology and underpins his current interest in ethical questions around the roles and responsibilities of leaders and corporations. He also specializes in race-to-the-top strategies, new capitalism based on governance changes, cross-sectoral ecosystem business models, and personal leadership.

Yaziji helps board members, senior leaders and organizations sharpen their thinking and develop solutions for working with non-market stakeholders such as media, NGOs, and politicians and regulators. He is a board member, trustee, advisor and executive teacher for several Fortune 500 companies (e.g. Microsoft, Shell, Pepsico, Ericsson, PwC, Lufthansa, Sumitomo, Bosch, Vestas, NTT, Munich Re, Hydro, Grundfos, Maersk, Bunge Alimentos, Holcim) and for organizations such as the Red Cross, the University of California and the World Economic Forum. He is currently working on a research agenda on sustainability with Capgemini.

He teaches on IMD's Leading Sustainable Business Transformation program and was previously Director of the IMD Corporate Sustainability Management Center and the architect of a partnership between the school and the World Wide Fund for Nature (WWF).

He has been published in academic and managerial journals such as Harvard Business Review and he was one of the earlier management school professors to give a TED Talk. In his 2012 talk on rethinking the structure of corporations, he argued that existing corporate structures were no longer optimally suited to the needs of society or of corporations themselves.

Yaziji’s book NGOs and Corporations: Conflict and Collaboration won praise from Nestlé Chairman Peter Brabeck-Letmathe, Former Unilever Chairman and CEO Antony Burgmans, Anglo-American Chairman Mark Moody-Stuart and PepsiCo Vice Chairman Michael D. White.

He joined IMD in 2004 from INSEAD, where as well as completing his second PhD, he was the founding director of the school's Business and Society Forum and lectured on the MBA program. An American and Swiss national, he has spent most of his life as an expat global citizen, having lived in Italy, France, Saudi Arabia, Switzerland and the United States.

Selected publications

Looking for opportunity in the midst of crisis (MIT Sloan Management Review, 2020)

Developing unique business models: Going beyond services/solutions (Perspectives for Managers, 2013)

The role of ideological radicalism and resource homogeneity in social movement organization campaigns against corporations (Organization Studies, 2013)

Corporate-NGO collaboration: Co-creating new business models for developing markets (Long Range Planning, 2010)

NGOs and Corporations: Conflict and Collaboration (Cambridge University Press, 2009)

Time to rethink capitalism? (Harvard Business Review, 2008)

Turning Gadflies into Allies (Harvard Business Review, 2004)

Toward a theory of social risk (International Studies of Management & Organization, 2004)

Recognition

Academy of Management Social Issues in Management Division Best Book Award (2014)

Education

BA (Analytic Philosophy and Logic)

University of California

MA (Analytic Philosophy and Ethics)

University of California

PhD (Analytic Philosophy)

University of California

Master's degree (Strategy and Management)

INSEAD

PhD (Strategy and Management)

INSEAD