Innovation and Risk Management

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

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.

• Item Type: MPRA Paper
• Language: English
• Keywords: Innovation; Risk; Risk Management
• Subjects: M - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M2 - Business Economics > M29 - Other; O - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights > O31 - Innovation and Invention: Processes and Incentives; M - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M1 - Business Administration > M19 - Other; D - Microeconomics > D8 - Information, Knowledge, and Uncertainty > D81 - Criteria for Decision-Making under Risk and Uncertainty