Risk management and innovation management

Risk management and innovation management

Companies can benefit from linking risk management and innovation management to identify and evaluate risks, and develop opportunities for innovation, greater customer orientation, or digital transformation. The Innolytics® Software Suite offers a risk management software module that collects and evaluates risks based on criteria such as probability of occurrence and damage amount. Meanwhile, the innovation management software module supports the development of opportunities through structured processes. A mental shift from the risk to the opportunity side is key to successfully connecting these two management systems.

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More Innovation Resources:

These 6 Ideas from Employee Suggestion Programs Boosted Company Performance

Employee suggestion programs can lead to innovative ideas that save costs, improve customer service, increase revenues and enhance safety or quality standards. Here are 6 examples of such ideas, including Post-It Notes from 3M and Amazon Prime.

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Separating entrepreneurs from corporate innovators

Entrepreneurs, inventors and corporate innovators share similarities in creating new technologies but face different challenges. Corporate innovators arguably have the most difficult job due to resource allocation and risk factors.

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Agile Ceremonies Promote Collaboration Across Agile Teams

Agile ceremonies are crucial for building successful Agile teams and achieving alignment across teams, says a blog post from Planview.

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