Editor's note.

Our world seems to be changing ever more swiftly, requiring organisations to innovate constantly just to keep pace. Renault-Nissan, the global car industry's biggest alliance, is no exception. In our lead interview, its director, Jeremie Papin, reveals how the Franco-Japanese group's inventive structure helps it to tackle the myriad challenges facing the automotive sector.

The authors of Innovation Governance, Beebe Nelson and Jean-Philippe Deschamps, discuss how firms should be managing the process more effectively, while Oleg Paroev ACMA, CGMA, finance director of Diageo Russia, tells us how the drinks giant is adapting to the fast-developing tastes of this emerging market.

As our Innovation column reports, corporate finance is...

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