IMD is an independent international Business School based in Lausanne that specialises in Executive Education for international managers. Its main activity is in organising short open and customised courses but it also delivers one MBA programme with 90 participants and one executive EMBA programme with 120 participants.
Business development is a major component of the school’s DNA, whether this takes place in established companies seeking to renew their leadership ability or in new business creations. The school’s pedagogy is rooted in experiential learning that brings participants into direct contact with real business-related problems: “Real Learning, Real Impact”.
In terms of financial impact, IMD shows a remarkably high figure of financial contribution to the local Vaud economy, for a school of 49 faculty members.
Furthermore, IMD prides itself on the strong international diversity of the student body as well as diversified faculty, staff and its client base, both in terms of companies and in terms of individuals.
Michel Kalika, the BSIS Director, said: “We would like to warmly congratulate IMD, an internationally well-known and recognised business school in the field of Executive Education. IMD has a strong business development impact on its environment as well as intellectual impact illustrated by an exceptional production of cases that feature Swiss companies. IMD is a wonderful case of the necessary balance between international and local Impact.”
Jean-François Manzoni, IMD President, commented: “The review team provided us with a number of very insightful suggestions. In particular, they highlighted the importance for us in connecting with key regional stakeholders more regularly. We now intend to pay more attention to communicating with local stakeholders.
The EFMD BSIS process helped refocus some of our energy. Now that we have a way to measure impact using a well-established methodology, we know how to further increase our impact in the future.”
About the Business School Impact System
The Business School Impact System (BSIS) scheme is designed to determine the extent of a school’s impact upon its local environment – the city or region in which it is located. The BSIS process is offered in a joint venture between EFMD Global Network and FNEGE as a service to EFMD members in any part of the world. The impact of the Business School is analysed on the basis of the following seven areas of impact: financial, educational, business development impact as well as intellectual, societal, image and impact within the regional ecosystem.
There are currently 45 schools across 15 countries that received the BSIS label.