IMD - The Global Meeting Place for Executive Learning

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	Orchestrating Winning Performance (OWP) - Still some places left! IMD's flagship program, takes place at the end of this month (June 23 - 28). Supported by the most up-to-the-minute IMD research and led by world-class IMD Faculty, OWP delivers intensive exposure to current thinking on today's key management issues. Professor Bertrand Piccard, pilot of the first ever non-stop balloon flight around the world, is one of our key guest speakers. He will share his experiences as a balloonist, venturing around the world, having a vision and being inspired to get things done. Confirm your place on OWP now. Discover how to make money out of threat. The new 'Take Risks, Get Growth!' program will help you to learn how to master the most sophisticated approaches to handling risk. Watch Didier Cossin, Program Director. Your opinion counts Please continue to give us your feedback: what you like, what you don't like. Let us know what more we can do to make the website and Webletter even more valuable and relevant for you. Kind regards, IMD Webletter Team

	Customize your Tomorrow's Challenges
	Research you can act on

GLOBALIZATION

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	World Competitiveness - the big shake up!
	The race is on to catch up with the US

	Adjusting to new realities
	Is globalization failing to be inclusive?

LEADERSHIP

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	Walking the line
	The potential pitfalls of creating an effective team

INNOVATION

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	From beer to pasta
	Increasing the performance of innovation

	Retrench or attack
	Dealing with low-cost competition

GOVERNANCE

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	The price is right, now get the culture right
	Managing cultural integration in mergers and acquisitions

RESEARCH THEMES

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The Hidden Demon: How IT Foils Acquisition Success
Attempting mergers prior to cleaning up internal systems is similar to sending an army into battle with half of each unit missing and without ammunition. The battle is lost before it's begun.

A Dream with a Deadline: From Vision to Action
A vision must be more than a beautifully crafted statement or an advertising slogan. It must be explicit enough to guide action. Hence the need to include a deadline, allowing progress and success to be measured and rewarded.