IDEAS home Printed from https://ideas.repec.org/a/rom/mancon/v12y2018i1p233-240.html
   My bibliography  Save this article

A New Approach To Identify Risks In Innovations, Based On Their Graphic Time Comparisons

Author

Listed:
  • Milena KIROVA

Abstract

The complexity of the cause-effect relationship between events is giving rise to risks and their influence on the realizations of innovations. This creates the need to create a risk portfolio that would best justify the efforts and costs of exploring and managing them. This paper presents a new approach for developing such portfolio process. The essence of the procedure is the time comparison of the different risks factor graphs with these of the innovations development. For this purpose, selected S-curves are drawn, and in the same coordinate system are marked the positions of the risks in question – the moment of transition of one stage of the innovation development into another. Above this graph are drawn the graphs of the development of the individual risks, as the moments of their start coincides with the moment the innovation development, in which it can emerge. The decision whether a risk will be included or not in the portfolio is based on the comparison of the assessments of the magnitude, duration, degree of impact, and the ability to prevent and manage individual risks. Based on the estimates of these criteria, the portfolio consists of three to five risks. The presentation of the risk assessment through graphs compared by time, with those for the development of innovation, reveals the relationship between the studied risks and the innovations, and between each risks. The proposed approach is perspicious, easy to use and compatible with other methods, and can be sued for complementary or further development.

Suggested Citation

  • Milena KIROVA, 2018. "A New Approach To Identify Risks In Innovations, Based On Their Graphic Time Comparisons," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 12(1), pages 233-240, November.
  • Handle: RePEc:rom:mancon:v:12:y:2018:i:1:p:233-240
    as

    Download full text from publisher

    File URL: https://conference.management.ase.ro/archives/2018/pdf/2_4.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Violeta Mihaela GRECU (SIMEDRE, 2015. "Operational Risk Issues Encountered By Insurance Companies," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 9(1), pages 169-174, November.
    2. Catalina Soriana SITNIKOV & Claudiu George BOCEAN, 2015. "The Role Of Risk Management In Iso 9001:2015," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 9(1), pages 1009-1016, November.
    3. Kim, Hyonok & Yasuda, Yukihiro, 2018. "Business risk disclosure and firm risk: Evidence from Japan," Research in International Business and Finance, Elsevier, vol. 45(C), pages 413-426.
    4. Ion-Petru POPESCU & Catalin Alexandru BARBU & Madalina Ecaterina POPESCU, 2015. "Identity And Access Management- A Risk-Based Approach," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 9(1), pages 572-580, November.
    5. Irina Voronova, 2008. "Methods of analysis and estimation of risks at the enterprises of non‐financial sphere of Latvia," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 9(4), pages 319-326, October.
    6. Behzadi, Golnar & O’Sullivan, Michael Justin & Olsen, Tava Lennon & Zhang, Abraham, 2018. "Agribusiness supply chain risk management: A review of quantitative decision models," Omega, Elsevier, vol. 79(C), pages 21-42.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Irina PETROVA, 2021. "Awareness And Utilisation Of The Benchmarking Approach By The Production Enterprises From North Bulgaria," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 15(1), pages 220-230, November.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. El Mehdi, Er Raqabi & Ilyas, Himmich & Nizar, El Hachemi & Issmaïl, El Hallaoui & François, Soumis, 2023. "Incremental LNS framework for integrated production, inventory, and vessel scheduling: Application to a global supply chain," Omega, Elsevier, vol. 116(C).
    2. Mahdi Bashiri & Benny Tjahjono & Jordon Lazell & Jennifer Ferreira & Tomy Perdana, 2021. "The Dynamics of Sustainability Risks in the Global Coffee Supply Chain: A Case of Indonesia–UK," Sustainability, MDPI, vol. 13(2), pages 1-20, January.
    3. Zhinan Li & Qinming Liu & Chunming Ye & Ming Dong & Yihan Zheng, 2022. "Achieving Resilience: Resilient Price and Quality Strategies of Fresh Food Dual-Channel Supply Chain Considering the Disruption," Sustainability, MDPI, vol. 14(11), pages 1-24, May.
    4. Dániel Fróna & János Szenderák & Mónika Harangi-Rákos, 2019. "The Challenge of Feeding the World," Sustainability, MDPI, vol. 11(20), pages 1-18, October.
    5. Antonio Zavala-Alcívar & María-José Verdecho & Juan-José Alfaro-Saiz, 2020. "A Conceptual Framework to Manage Resilience and Increase Sustainability in the Supply Chain," Sustainability, MDPI, vol. 12(16), pages 1-38, August.
    6. Najafi, Mehdi & Zolfagharinia, Hossein, 2024. "A Multi-objective integrated approach to address sustainability in a meat supply chain," Omega, Elsevier, vol. 124(C).
    7. Maureen S. Golan & Laura H. Jernegan & Igor Linkov, 2020. "Trends and applications of resilience analytics in supply chain modeling: systematic literature review in the context of the COVID-19 pandemic," Environment Systems and Decisions, Springer, vol. 40(2), pages 222-243, June.
    8. Ibrahim, Awad Elsayed Awad & Hussainey, Khaled & Nawaz, Tasawar & Ntim, Collins & Elamer, Ahmed, 2022. "A systematic literature review on risk disclosure research: State-of-the-art and future research agenda," International Review of Financial Analysis, Elsevier, vol. 82(C).
    9. Luo, Na & Olsen, Tava & Liu, Yanping & Zhang, Abraham, 2022. "Reducing food loss and waste in supply chain operations," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 162(C).
    10. Igor Krejčí & Pavel Moulis & Jana Pitrová & Ivana Tichá & Ladislav Pilař & Jan Rydval, 2019. "Traps and Opportunities of Czech Small-Scale Beef Cattle Farming," Sustainability, MDPI, vol. 11(15), pages 1-26, August.
    11. Nishat Alam Choudhary & Shalabh Singh & Tobias Schoenherr & M. Ramkumar, 2023. "Risk assessment in supply chains: a state-of-the-art review of methodologies and their applications," Annals of Operations Research, Springer, vol. 322(2), pages 565-607, March.
    12. Gholami-Zanjani, Seyed Mohammad & Klibi, Walid & Jabalameli, Mohammad Saeed & Pishvaee, Mir Saman, 2021. "The design of resilient food supply chain networks prone to epidemic disruptions," International Journal of Production Economics, Elsevier, vol. 233(C).
    13. Pratibha Wasan & Ashwani Kumar & Sunil Luthra, 2023. "How can banks and finance companies incorporate value chain factors in their risk management strategy? The case of agro‐food firms," Business Strategy and the Environment, Wiley Blackwell, vol. 32(1), pages 858-877, January.
    14. Pritee Ray, 2021. "Agricultural Supply Chain Risk Management Under Price and Demand Uncertainty," International Journal of System Dynamics Applications (IJSDA), IGI Global, vol. 10(2), pages 17-32, April.
    15. González, Maximiliano & Guzmán, Alexander & Tellez-Falla, Diego F. & Trujillo, María Andrea, 2021. "Determinants of corporate tone in an initial public offering: Powerful CEOs versus well-functioning boards," Research in International Business and Finance, Elsevier, vol. 58(C).
    16. He, Bo & Gan, Xianghua & Yuan, Kaifu, 2019. "Entry of online presale of fresh produce: A competitive analysis," European Journal of Operational Research, Elsevier, vol. 272(1), pages 339-351.
    17. Anqi Zhu & Bei Bian & Yiping Jiang & Jiaxiang Hu, 2020. "Integrated Tomato Picking and Distribution Scheduling Based on Maturity," Sustainability, MDPI, vol. 12(19), pages 1-17, September.
    18. Lina Baranauskaitė & Daiva Jurevičienė, 2021. "Import Risks of Agricultural Products in Foreign Trade," Economies, MDPI, vol. 9(3), pages 1-15, July.
    19. Abderahman Rejeb & Karim Rejeb & Andrea Appolloni & Mohammad Iranmanesh & Horst Treiblmaier & Sandeep Jagtap, 2022. "Exploring Food Supply Chain Trends in the COVID-19 Era: A Bibliometric Review," Sustainability, MDPI, vol. 14(19), pages 1-33, September.
    20. Kang, Helen & Gray, Sidney J., 2019. "Country-specific risks and geographic disclosure aggregation: Voluntary disclosure behaviour by British multinationals," The British Accounting Review, Elsevier, vol. 51(3), pages 259-276.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rom:mancon:v:12:y:2018:i:1:p:233-240. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ciocoiu Nadia Carmen (email available below). General contact details of provider: https://edirc.repec.org/data/mnasero.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.