Elites and their organisations are of crucial importance for a country’s value creation and economic growth. Elites are understood as dominant coalitions that operate the business models with the highest residual incomes. Elite business models can either create new value or transfer existing value from one group to another group in society.

High-quality elites are those that strengthen the economic performance of a country. Low-quality elites, on the other hand, are those who are intent on creating value only for themselves.  Value creation activities are sustainable and include innovation, trade, or production. Value extraction activities, however, are not sustainable and include barriers, discrimination, or monopolies.

The influence of elites is measured in the Elite Quality Index 2024 by the editors of EQx2024, Prof Dr Guido Cozzi and Prof Dr Tomas Casas from the University of St.Gallen (HSG). Prof Dr Casas shares his expertise in the International Management module of the Executive School’s EMBA programme, among others. In the fifth edition, Switzerland ranks second behind Singapore. The ranking is based on its stable state system, direct democracy and openness to companies and entrepreneurs. Read more about EQx2024 here.

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