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2020 | OriginalPaper | Buchkapitel

8. Risk Management in Innovation

verfasst von : Tim Mazzarol, Sophie Reboud

Erschienen in: Entrepreneurship and Innovation

Verlag: Springer Nature Singapore

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Abstract

This chapter examines the issue of how to manage risk in the process of innovation. By its very nature, innovation is inherently risky. The more radical and disruptive the innovation, the more uncertainty and potential risk is created. However, the management of risk remains an important issue for any manager or organisation seeking to engage in the commercialisation of innovation. Risk management, or enterprise risk management (Brustbauer 2016; Reboud and Séville 2016), is viewed as a major concern for managers today and the number of large companies having a risk manager is growing. However, within the context of new entrepreneurial ventures the dynamics are different, because such businesses are particularly risky, and face greater uncertainty. This is particularly the case in innovation where structured, systematic approaches are necessary.

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Vorheriges Kapitel Planning, Business Models and Strategy

Nächstes Kapitel Disruptive Innovation and the Commercialisation of Technology

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Titel: Risk Management in Innovation
verfasst von: Tim Mazzarol
Sophie Reboud
Verlag: Springer Nature Singapore
Buch: Entrepreneurship and Innovation
Print ISBN: 978-981-13-9411-9

Electronic ISBN: 978-981-13-9412-6

Copyright-Jahr: 2020
DOI: https://doi.org/10.1007/978-981-13-9412-6_8