Category: Management

ten principles of risk management,”Risk Management starts at topRisk cannot be managed from an ivory towerAvoid relying on black boxesRisk management is strategy, and strategy is risk mgmt.Risk management is more than policy, it is cultureA risk aware culture requires a free-flow of informationWhat matters is the “”talk””, not the “”report””The path is the goalIt is possible to prepare for unknown risksAvoid the downside

Management

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why is innovation important,”Innovation is the genesis of many new businesses Mechanism for growth; add new products/services!On average, only 32% of company profits come from new productsInnovative firms generate 50% of profits from new products!Single best predictor for investment value: degree of innovativeness (study by Cooper)Innovative companies generate more money, more profits

Management

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what is innovation and how is it different from invention and creation,”Invention or creativity – the generation of a novel AND useful ideaInnovation – the act of implementing novel and useful ideas into value-creating new products, new services, or new processes How Innovation Happens – combine creative ideas with resources and competencies to create a useful, value-creating new product, new service

Management

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