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Firm Strategies For Risk Management In Innovation

Author

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  • AUDLEY GENUS

    (University of Newcastle upon Tyne Business School, 2nd Floor, Armstrong Building, University of Newcastle upon Tyne, NE1 7RU, UK)

  • ANNE-MARIE COLES

    (Brunel Research in Enterprise, Innovation Sustainability and Ethics (BRESE), Brunel Business School, Brunel University, Uxbridge, UB8 3PH, UK)

Abstract

Analysis of potential risks is fundamental to technology development, but the definition and control of such risks are often problematic. This paper examines the issues concerned, aiming for an improved understanding of how the evaluation of risk shapes the emergence of new technology. The paper highlights different firm strategies taken towards evaluating risky technology, working from the micro-level of project management, and drawing on relevant qualitative case studies. Some contributors call for a meshing of analysis of macro-level technology policy objectives with an understanding of the micro-level activity of project planning. However, it is concluded that this can only be facilitated by first improving our understanding of theoretical perspectives and risk assessment practices at the firm level, since the firm remains critical to the generation and evaluation of new technology.

Suggested Citation

  • Audley Genus & Anne-Marie Coles, 2006. "Firm Strategies For Risk Management In Innovation," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 10(02), pages 113-126.
    • Handle: RePEc:wsi:ijimxx:v:10:y:2006:i:02:n:s1363919606001429
    DOI: 10.1142/S1363919606001429
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    References listed on IDEAS

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    1. Drummond, Helga, 1996. "Escalation in Decision-Making: The Tragedy of Taurus," OUP Catalogue, Oxford University Press, number 9780198289531.
    2. Joe Tidd (ed.), 2000. "From Knowledge Management to Strategic Competence:Measuring Technological, Market and Organizational Innovation," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number p162, September.
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    Cited by:

    1. Jakub Tabas & Michaela Beranová & Jan Vavřina, 2011. "Barriers to development of the innovation potential in the small and medium-sized enterprises," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 59(7), pages 447-458.
    2. Thierry BURGER-HELMCHEN & Claude GUITTARD, 2008. "Are Users The Next Entrepreneurs? A Case Study On The Video Game Industry," Working Papers of BETA 2008-14, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    3. Thierry Burger-Helmchen & Claude Guittard, 2008. "Are users the next entrepreneurs ?," Post-Print hal-02189762, HAL.
    4. Arnaud Le Van, 2020. "Les barrières pour le développement de produits verts et la rentabilité des PME vietnamiennes," Working Papers hal-02482057, HAL.
    5. Relativo, Jona Princess & Sumayang, Mildred & Diasana, Sarah Jean & Murcia, John Vianne, 2016. "Capital Investment Decisions of Micro, Small and Medium Enterprises: The Case of Digos City," MPRA Paper 79574, University Library of Munich, Germany, revised 07 Jun 2017.
    6. Jakub Tabas & Michaela Beranová & Josef Polák, 2012. "Evaluation of innovation processes," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 60(2), pages 523-532.

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