IMD’s Post

Are you ready to lead in a world obsessed with AI? How do you make sense of all the hype? How can you capture the most value in a sustainable way? What approach is best for your organization? Are you moving too fast or at risk of being left behind? What about the big social challenges, such as ethics, trust, bias, and governance? It might feel like AI is throwing up more questions than it is answering. Indeed, the sheer pace of adoption and evolution of new AI tools makes it tough for decision-makers to know exactly how and where to strike the balance. In the March edition of #IbyIMD, we draw on a diverse cast of experts to cut through the noise and explore how leaders can navigate this new paradigm - effectively and responsibly. From developing the right strategy for your organization and understanding how to capture the most value to managing sustainability and ethical concerns, this edition is essential reading for executives in the age of AI. Discover more: https://bit.ly/3PlWmAd Learn how you can accelerate your career and transform your business through our Digital transformation and AI programs: https://bit.ly/4cqS2JC #IMDImpact #AI

A 5-step roadmap to navigating self-reflection in leadership Being a leader isn't always comfortable; it is a journey filled with challenges and inner conflict. Through the experiences of Carlos M., a fictional executive facing team discord, Ben Bryant provides a five-step self-reflection guide for leaders to enhance their emotional intelligence and cultivate a more resilient leadership approach. "If you are aware of your emotions and how and why they emerge, you can start to minimize their impact on your decision-making," highlights Bryant, Professor of Leadership and Organization. "You can also decide to start growing as a leader," he adds. Learn more on #IbyIMD: https://bit.ly/4aO2WI6 And check our Transformational Leader page: https://bit.ly/3uUhXrW #IMDImpact

In this issue, challenges to Tesla’s dominance of the EV market, with Michael Wade; reskilling and upskilling in preparation for the coming global changes, with James Caan CBE; GenAI paving the way for the pursuit of more creative tasks, with Quentin Gallea, PhD; how to pick winning startups, with Jim Pulcrano; and what we can expect by way of AI legislation in 2024, with Michael Wade and Amit Joshi.  Subscribe to our weekly 𝘐 𝘣𝘺 𝘐𝘔𝘋 𝘐𝘯𝘴𝘪𝘨𝘩𝘵𝘴 newsletter. #IMDImpact #IbyIMD  

Litong Zhang “truly grateful” for the scholarship that saw him graduate When Litong Zhang decided that it was time for a career change ― after a decade of working in energy manufacturing and Artificial Intelligence of Things (AIoT) ― he embarked on an extensive research project into all the programs that piqued his interest. Ultimately, the IMD MBA Program came out tops for Zhang, primarily thanks to its “strength in leadership development, very international and tight-knit cohort, world-renowned faculty, and its experiential and evolving nature.” At that point in his career, Zhang was not financially prepared for an MBA, which is why the scholarship he received proved so invaluable. “[Scholarships] are crucial for fostering inclusive engagements by supporting those with leadership potential and ambitions to have an impact but who otherwise wouldn’t be able to undertake continuous education and learning at the best time in their lives,” says Zhang. Read more: https://bit.ly/3w73MAU Join us for the third edition of IMD’s Giving Day for Scholarships - a celebration of the IMD community’s longstanding tradition of enabling excellence to meet opportunity - from 29 - 30 May. #IMDImpact #IMDGivingDay #IMDAlumni #YourImpact IMD Alumni

Will AI spell the end of academic freedom? Higher education is one of America’s most successful industries, serving three million students annually. Generative AI offers the potential to reduce significantly the cost structure and raise the productivity of higher education, says Jerry Davis of the University of Michigan - Stephen M. Ross School of Business. However, he warns in an article for I by IMD, today’s authoritarian and anti-intellectual currents suggest a more dystopian possibility: “education” driven by a narrow ideological agenda and optimized by technology. How worried should we be? Click to learn more: https://bit.ly/4aYKlsU #IMDImpact #IbyIMD

IMD names David Bach, Dean of Innovation and Programs and Rio Tinto Chair in Stakeholder Engagement, as its next President. He will assume the Presidency on 1 September 2024 from Jean-François Manzoni, who completes a successful eight-year tenure.   “It is a true honor to take up the reins of leadership,” Bach said. “I look forward to working with the entire IMD community to build on our rich heritage, accelerate our innovation efforts, and thereby broaden and deepen our impact.”    Bach, a political economy expert and former deputy Dean at the Yale School of Management, was chosen from a strong shortlist of internal and external candidates after a global search, which was led by a committee of IMD faculty, senior staff, and board members.   “I would like to congratulate David on his appointment,” said IMD Chairman Michel Demaré. “His track record, vision, innovative spirit, and aptitude for leadership are well known to our community, and we are excited to work with him as we continue to transform IMD for the future.”   From September, Professor Manzoni will return to IMD faculty. “Through Jean-François’ dynamic, innovative, and successful tenure, IMD has positioned itself to lead in the future of global executive education, degree programs and research,” Demaré said. Read more: https://bit.ly/3UrxJEW #IMDImpact

Addressing the environmental costs of "dark data" Training and fine-tuning AI models requires troves of data, but storing and processing that data is financially and environmentally costly. IMD's Professor José Parra Moyano, Professor Christine Legner of the University of Lausanne - UNIL, and Konrad Schulte, a researcher at HEC Lausanne - The Faculty of Business and Economics of the University of Lausanne, offer three ways to address the problem: 1️⃣ Scrutinize your AI use cases with a sustainability lens. 2️⃣ Tackle the issue of “dark data” – data that is collected but rarely, if ever, used. 3️⃣ Your architecture supports the entire chain from raw data to AI systems, and any data analytics system plays a pivotal role in their sustainability impact. Find out more at #IbyIMD: https://bit.ly/3xMnwKr #IMDImpact #ArtificialIntelligence