How Was My Vision Shaped?: Upbringing and Education.- Experiences from Academia and Academic Administration.- The Role of Research.- Influences: Family and Friends.- The Influence of Business: Lorange Institute and Lorange Network.- Family Business Strategies.- Board Membership and Consulting Assignments.- Guiding Principles: Quality.- Diversity.- Risk and Uncertainty.- Discipline and Integrity in Decision-Making.- Business Skills: Networking.- Speed.- Proactivity, Positivity, and Innovation.- Cycle Management: Entries and Exits.- Conclusions: Learning in the Future: Individuals, Business, and Academic Institutions.
Peter Lorange, Honorary President, IMD, is a successful entrepreneur and owner of a highly diversified family investment company. He is regarded as one of the world’s foremost business school academics, holding the position of President at IMD, Lausanne (Switzerland) for 15 years, having also been President of Norwegian School of Business, as well as a Professor at Wharton and at Sloan School (MIT). He has had several positions on various boards. His entrepreneurial journey spans key areas such as education, shipping, investments, and real estate businesses.
Businesses constantly look for ways to achieve better performance, and business schools play an important role through their curricula by teaching such methods and helping budding and experienced managers find innovative paths. The author of this book, Prof. Peter Lorange, a well-accomplished expert at business and academic leadership, draws on a set of reflections from his vast experience in both fields to offer core messages which help in improving business education. The author believes that experience-based reflections tend to be both more interesting and more useful than mere chronological, biographical ones, or conceptual reviews of management dimensions without links to practice. The book helps academics, business school management, and even advanced students understand how to bring a practical focus to learning and teaching business via a holistic curriculum. The book also features a special focus on how to integrate family business perspectives to the curriculum.