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International Institute for Management Development
IMD business school is in Lausanne, Switzerland. It is one of the world's premier business and management institutions. In 2012, 2013, 2014 and 2015, it was ranked first in open programs worldwide by the ''Financial Times''.〔(Financial Time Executive Education Rankings - Open Programs - 2015 ) Retrieved July 8, 2015〕 It offers the world's best MBA program according to Forbes 2011 and 2013 biennial rankings.〔(Forbes The Best Business Schools ) Retrieved January 30, 2014〕
==History and mission==
IMD was formed in January 1990 through the merger of independent management education centers International Management Institute (Geneva) (IMI), established in 1946 by Alcan, and Institut pour l'Etude des Methodes de Direction de l'Entreprise (IMEDE) Lausanne established in 1957 by Nestlé. The new organization, the International Institute for Management Development (IMD), settled in Lausanne. The history of IMEDE and its merger with IMI is documented in Jean-Pierre Jeannet and Hein Schreuder (2015, chapters 2 and 4)〔Jeannet, Jean-Pierre and Hein Schreuder. 2015. "From Coal to Biotech: The transformation of DSM with business school support". Springer. ISBN 978-3662462980〕
Its industrial heritage sets it apart from the other leading business schools, which are all university-affiliated.〔(【引用サイトリンク】url=http://mba.eiu.com )〕 IMD business school solely provides executive education; it is determinedly not part of a university, and there are no academic departments, just one integrated multidisciplinary faculty. The professors do not have permanent academic tenure but work under one-year contracts and a performance based pay package. The faculty consists of 60 full-time members, made up of 23 different nationalities. The current President is Dominique Turpin, who follows John R. Wells and Peter Lorange. The latter ran the school from 1993 till 2008 and has been widely credited with having established IMD as one of the world's leading business schools.〔
IMD has a strong focus on training and developing general management and leadership skills. IMD selects experienced candidates for both the Master of Business Administration (MBA) (average age 31) and the Executive MBA (average age 39). Its other focus is to have a broad international group of participants attending open programs to ensure that no nationality dominates. Every year, some 8,000 executives, representing over 98 nationalities attend one of the programs.
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