Risk management in Innovation Projects
Keywords
Loading...
Authors
Issue Date
2021-12-03
Language
en
Journal Title
Journal ISSN
Volume Title
Publisher
Abstract
Risks are normal in organizational projects, but nowhere are the risks as high as in innovation projects. The failure rate is therefore high in innovation projects. Despite these high risks, it is important to be innovative for organizations to survive. Therefore it is important to control these risks as much as possible. The aim of this study is to find out what the influence of strategic and operational risk management is on the success rate of innovation projects. The following research question is formulated for this purpose: ‘How do strategic and operational risk management influence the success rate of innovation projects and how does strategic risk management influence operational risk management?’ To answer the research question, eight different people were interviewed at four different organizations. Four of these respondents are involved in setting up risk management and the other four respondents are involved in executing risk management. The answers of the
interviews show that strategic risk management has a positive contribution to the success rate of innovation projects as well as to operational risk management. In addition, the results show that operational risk management has no unequivocal effect on the success rate of innovation projects.
Description
Citation
Supervisor
Faculty
Faculteit der Managementwetenschappen