IMD Annual Report 2019

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hired 10 newcolleagues over the last three years, i.e., about 25percent of theactive faculty roster at theend of 2019. These hires were necessary to helpmanage the increase inworkload and to start planning for the retirement cliff we are facing in the coming years. On the Thought Leadership side, IMD faculty publishedseveralarticlesininfluentialpublications and received several awards for their books as well as their cases. We also received a number of awards for our programs – an important external validation of their innovative and impactful nature. We continued to do well on several important rankings of degree as well as executive programs. We continued to work hard at getting closer to our alumni. Our new format of reunions on campus is now well accepted and Alumni are giving us very positive feedback. We are also continuing

to work with our Alumni Advisory Council, our Alumni Clubs and the Alumni Communities that are developing around programs and common interests. 2019 also saw IMD receive the Business School Impact System (BSIS) label from the European Foundation for Management Development . This label validated IMD’s assessment of its multi- dimensional impact on the Canton of Vaud, Switzerland and beyond. The rest of this report will provide more details on all of these dimensions. It will also explain further the next two points, but because these are of strategic importance I also wanted to say a few words about them here.