Risk or Innovation, Which one is far More Preferable in Innovation Projects?
Journal Title: Manager Journal - Year 2009, Vol 10, Issue
Abstract
The object of this research is to identify the sources of risk in innovation projects and to determine whether they could be managed better. Due to the diversity of opinions and theories over the nature of risk, reaching an agreement about risk management is difficult. This will be a major problem if any effort is made to proactively manage ‘risk’ in naturally ‘risky’ areas such as innovation. Some risk management could be valuable, but perhaps too much, or inappropriate risk management might stifle innovation. It is necessary and valuable to consider the process of innovation from conceptualization to commercialization, how uncertainties are formed, how they are managed in that context, and how the techniques of risk management can be further deployed to enhance the success rate of innovation projects. Various approaches have been proposed to risk management in general, however the extent to which they are relevant for managing innovation is uncertain. Thus, during this paper, the general model of innovation and the process of risk management for managing the parameters which create the risk in these projects are explained.
Authors and Affiliations
José G. Vargas- Hernández, Mohammad Reza Noruzi
Keywords
Related Articles
- EP ID EP451684
- DOI -
- Views 74
- Downloads 0
The Bata Management System: An Introduction
The making of footwear, one of the most ancient crafts, has a long history. The manufacturing of shoes represented a handicraft activity until the mid-nineteen century. In the late 1800s and the beginning of the 1900s, t...
Competitive Cooperation – Market Development Instrument
The essential information relating to the work that the authorities regulating competition carries out in an economic sector, particularly when talking about the protection of economic actors against anti-competitive beh...
Competition and Information Asymmetry
The paper highlights the fact that the market analysis is not fully based on information asymmetry, a concept highlighted by the theory developed in the 70’s by G. Akerlof, Spence M., J. Stiglitz. Information asymmetry c...
Expert Systems for auditing management information systems
Expert systems are built with the help of: specialised programming languages or expert system generators (shell). But this structure was reached after tens of years of work and research, because expert syst...
Leadership Evidences: Communication and the Organizational Change Success
The aim of this paper is to highlight the importance of the organizational communication to the most important leadership effects - the success of changes within the Romanian companies. A set of hypotheses are tested in...