Munich Personal RePEc Archive

Innovation and Risk Management

Manuel, Eduardo (2007): Innovation and Risk Management.

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Abstract

Always, anytime, we speak about innovation, that it occurs in our live, firms, countries and regions. The innovation is very important for survive of any firm, any entrepreneur, any country and any region in world market due to their speed evolution. This paper has as objective to approach the relationship between Innovation and Risk Management. We concluded that the relationship between innovation and risk management will exist always whereas we are continuing to live in global world that it originated a global market in all economic sectors. And for any firm, any entrepreneur, any country or any region that wants to survive in this world or market it need to do a risk management that consist in to innovate, and so can reduce the uncertainty relatively their contextual environment that affect a determined activity and consequently that is affecting their performance.

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