IMD Annual Report 2019

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I. Well executed “executive development” programs

ORGANIZATIONAL IMPACT

INDIVIDUAL IMPACT

Another dimension on which IMD has worked hard is the identification of design and delivery elements that would enhance the transfer of individual impact to organizational impact . Custom program interventions, of course, present a particularly high potential in this respect, but IMD has also found that it can significantly enhance the “back at home” organizational impact for open program graduates. Over the last few years, IMD has also developed another type of customized intervention. These were initially called transformation journeys, because they always started with a fundamental question asked by the organization’s CEO or top management team, and that question was typically so profound and the urgency so high that answering it would lead to a transformation of the organization. IMD has since renamed these interventions IMD Pathfinder journeys. These Pathfinder interventions are described and illustrated later in this Annual Report. In a nutshell, Pathfinder journeys involve IMD working

over a few months with an organization’s top management team and/or a group of selected executives to answer a critical question raised by the leadership.

With IMD’s help, the group develops • innovative solutions that are

• developed internally and hence more likely to be implemented than those developed by external advisers In addition, the individuals involved end up learning a lot in the process (as opposed to watching the knowledge leave the organization at the end of the mandate), which also ensures long-term benefits for the organization. Last but not least, through this process the organization improves its confidence and ability to solve its own challenges in the future.