International Institute for Management Development

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International Institute for Management Development

Logo of the IMD

Established:	1990
Type:	Private
President:	John Wells
Faculty:	55
Staff:	300
Students:	8000
Location:	Lausanne, Switzerland (46°31′N 6°37′E / 46.51, 6.62Coordinates: 46°31′N 6°37′E / 46.51, 6.62)
Campus:	Urban
Website:	http://www.imd.ch/
Alumni: 60'000

The International Institute for Management Development (IMD) is a non profit business school located in Lausanne, Switzerland. It is widely considered as one of the leading Global business schools.^[1]

1 History & Mission
2 Programs
3 Rankings
4 IMD Alumni
5 References
6 External links

[edit] History & Mission

IMD was formed through the merger in January 1990 of two independent management education centers created respectively by Alcan and Nestlé: IMI in Geneva (1946) and IMEDE in Lausanne (1957). It traditionally has strong ties with the European business sector.

It has been 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, but just one integrated multidisciplinary faculty. The professors do not have a lifelong tenure, but work under one year contracts and a performance based pay package. The faculty consiststs of 60 full-time members, made up of 22 different nationalities. The current President is John. R. Wells. His predecessor Peter Lorange, who run the school from 1993 till 2008, has been widely credited with having established the institute as one of the world's leading business schools ^[1] ^[2] ^[3].

IMD has a strong focus on training and developing general management and leadership skills. IMD selects therefore experienced candidates for both the MBA (average age 31) and the EMBA (average age 39). Its other focus is to have a broad international group of participants attending the courses so that no specific nationality dominates. It intentionally doesn't set up auxiliary branches in other countries or continents, but wants to bring the participants together in Lausanne to stimulate cross-cultural interaction. Every year, some 8,000 executives, representing over 98 nationalities, visit the campus to attend one of the programs.

[edit] Programs

IMD has two main educational offerings:

Degree programs: the MBA and the EMBA program
Executive education: open enrollment and customized courses.

[edit] 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 6 days per week, with one full weekend off each month. The school typically admits 90 students, and each class includes participants from many countries. The MBA program focuses strongly on general management, and as a result 70% of the graduates typically get recruited within the industry sector versus with investment banks and consulting firms, as is the case with the other major schools. ^[4]. Regular recruiters are Shell, Philips, Nestlé, Unilever, Novartis. The curriculum is designed to focus on real business experience.

[edit] EMBA program

The curriculum of the EMBA is different from the MBA, because it targets experienced managers that are at a different point in their career. It has a strong focus on leadership skills, integrated business themes instead of functional expertise and on the immediate practical application of the subject matter. The 70 selected candidates, which average age is 39, typically have broad international business experience. They stay on campus in Lausanne for certain periods, visit Silicon Valley, Shanghai, Ireland and Romania and do in-company assignments. Companies that frequently send their employees to the EMBA program are Shell, Maersk, Novartis, Nokia and UBS.

[edit] Executive education

Executive education is a fundamental part of the school activities and caters among other to the needs of its large partner network of major global corporations^[3]. More than half of the school's revenue is generated by company specific programs. IMD's industrial heritage, which sets it apart from other university-affiliated business schools, has lead to this strong focus of developing programs with and for its corporate partners. Out of this has come its business practice based research, which is leveraged in all of its programs. IMD also has an exclusive alliance with the MIT Sloan Business school. The two schools offer jointly developed programs at both their campuses^[5].

[edit] Rankings

Financial Times - "Ranking of the Rankings" combines results of all major MBA rankings (alternate years):
- 2006: #1 in Europe & Internationally
Financial Times - Executive Education: non degree programs:
- 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 Economist - MBA, Surveys current participants and alumni about career opportunities; personal development & educational experience; salary increase; and potential to network:
- 2007: # 2 in Europe
Business Week - MBA,Surveys both MBA alumni and the recruiters who hire them (alternate years):
- 2006: #1 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 Internationally
Forbes - MBA,Surveys alumni to measure return on investment (alternate years):
- 2007: #1 among 1 year programs

[edit] IMD Alumni

Paul Bulcke: CEO, Nestle, Switzerland
Nick Shreiber: President & CEO, Tetra Pak Group SA, Switzerland
Claude Hauser: Chairman, Migros, Switzerland
Bryan Sanderson: Chairman, Standard Chartered Bank PLC,UK
Michael Patsalos-Fox: Chairman, The Americas, McKinsey & Company INC, US
Bo Risberg: CEO, Hilti Corporation, Liechtenstein
Paul Choffat: CEO, Novartis Consumer Health, Switzerland
Thomas Schmidheiny: Chairman, Holcim, Switzerland
Soren Skou: Partner and CEO of Maersk Tankers, Denmark
Claus Hemmingsen: Partner and CEO of Maersk Contractors, Denmark
Jean-Frédéric Mognetti: Owner & Managing Director, Professor at HEC School of Management in Paris
Carlos Rivera: Owner & Managing Director, Management Recruiters International, Mexico
Jon Fredrik Baksaas: President and CEO, Telenor, Norway
Svein Aaser: CEO, DNB NOR ASA, Norway
Gerard Stricher: CEO, Sidel, France
Shashank Tripathi: CEO, Inaltus Ltd, UK
K.Y. Lee: President, BenQ Corporation, Taiwan
Bjarni Ármannsson: CEO, Glitnir Bank, Iceland
Jimnah Mbaru : Chairman, The Nairobi Stock Exchange Kenya, Chairman of Dyer and Blair Investment Bank
Dieter F. Uchtdorf : Counselor in the First Presidency of The Church of Jesus Christ of Latter-day Saints
Ton Büchner: CEO, Sulzer, Switzerland
Mariano Puig: CEO, ISDIN, Spain
Mario Rotllant Sola: CEO, Cobega SA, Spain
Thomas Bachmann: CEO, Tecan Group Ltd, Switzerland
Gilbert Achermann: President & CEO, STRAUMANN HOLDING AG , Switzerland
Mark Aegler: CEO, Bishofszell Food Ltd, Switzerland
Marc R. Geissbuehler: CEO, Global Hotelindex Ltd, Switzerland
Abed Hammoud: CEO, Schaerer Mayfield Holding AG, Switzerland
Remo Viscardi: CEO, Omnisec AG, Switzerland
François Badoux: Founder & CEO, Mistral Engines SA, Switzerland
Lorenzo Giarré: CEO, Ismeca Semiconductor SA, Switzerland
Beat Knecht: President & CEO, Zattoo International AG, Switzerland
Andreas Koopmann: CEO, Bobst Group, Switzerland
Kubr Thomas: Co-founder & CEO, Capital Dynamics, Switzerland
Andreas Lusser: CEO, The Screener Investor Services AG, Switzerland
Philippe Merk: CEO, MAURICE LACROIX SA, Switzerland
René Müller: CEO, GMC SOFTWARE AG, Switzerland
Oliver Oh: CEO, Proceq SA, Switzerland
Alexander Wild: President & CEO, BERNET HOLDING AG, Switzerland
Hans Winzenried: President & CEO, SECURITAS AG, Switzerland
Martin Bett: CEO, STINGRAY GEOPHYSICAL LIMITED, UK
Erik Busch-Christensen: CEO, EATON GROUP OF COMPANIES, UK
Nicolai Krarup: CEO, MINDMETIC LTD, UK
Susanne Klatten: Majority shareholder BMW and Atlanta AG, Germany
Panos Lioulais: CEO, QUBIS LTD, UK
Christopher Martin: CEO, XENVA LTD, UK
Francois Chaillou: President & CEO, NEWBRIDGE PARTNERS, France
Venkatesh Tulluri: CEO, KERMEL, France
Martin Siebold: CEO, Wetzel GMBH, Germany
Torsten Scholl: CEO, MORNING STANDARD GMBH, Germany
Chetan Isharani: CEO, AGRITRADEX PTE LTD, India
Tilak Dhar: CEO, DCM SHRIRAM INDUSTRIES LTD, India
Norio Yamaguchi: CEO, AJINOMOTO CO INC, Japan
Prince Pieter-Christiaan of Orange-Nassau, van Vollenhoven, The Netherlands