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  Shell and IMD strengthen links

Posted: 8 May 2003

The Royal Dutch/Shell Group of Companies announced today a new development in its partnership with leading business school, IMD, based in Lausanne, Switzerland, inaugurating the Shell Professorial Chair in Sustainable Business Growth.

The post will be held by Professor Bala Chakravarthy.

It is the first Chair of its kind and Professor Chakravarthy says research efforts will focus on examining the issues and dilemmas that business leaders must address to grow their businesses both profitably and sustainably.

“Growth is valued only when it is profitable, but achieving both growth and profitability simultaneously is hard. Moreover, growth may consume scarce resources, relocate assets and people, or generate toxic by-products. Growth and sustainability may also not always go hand in hand. Translating the rhetoric around growth and sustainability into actions at the operating level of the firm is a key leadership challenge” Chakravarthy said.

Speaking today at the inauguration ceremony at IMD, Sir Philip Watts, Chairman of the Committee of Managing Directors of the Royal Dutch/Shell Group of Companies said: “At Shell we believe that leadership education is a vital part of business success. We are investing in the development of our future leaders across the world. IMD helps us provide the highest quality education that is properly linked to the real day-to-day business challenges our staff face. And so I am delighted further to cement our link with IMD in this way today.”

IMD President, Dr Peter Lorange, said: “IMD is dedicated to a ‘Real World, Real Learning’ approach to executive development. This means that we must be both focused at all times on practical relevance in our research and teaching, and, more importantly, connected to the real world through select strategic partnerships. Our partnership with Shell is an exemplar in this regard. The endowment of a Shell Chair at IMD is yet another testimony to our very rich links with the company.”

As well as the new Chair, IMD provides executive leadership development programmes for Shell’s future senior managers and engages in research projects of common interest.

IMD is an independent not-for-profit foundation located in Lausanne, Switzerland. For over 50 years it has trained managers of leading international companies. Its proven ‘Real World. Real Learning’ philosophy is designed to enhance leadership in every area of management.

IMD helps executives and companies find new and innovative ways in which to sustain global competitiveness.

Posted by Richard Price, Editor Pipeline Magazine

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