Innovation: It's all about balancing the present and the future

Always initiate big change before you have to William A. Fischer,
Professor of Innovation Management at the International Institute
for Management Development (IMD) in Lausanne, in a conversion about
the renewal of large complex organizations. Using Haier as an
example, he points out, how large organizations can succeed to
manage the present and the future without separating the new from
the old and without leaving behind the people who are providing the
resources for the present.