Risk identification in product innovation projects: new perspectives and lessons learned

Stosic, Biljana; Mihić, Marko; R, Milutinović; Išljamović, Sonja

doi:10.1080/09537325.2016.1210121

Cited by 35 publications

(31 citation statements)

References 26 publications

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“…At the same time, the issues of investment policy implementation today receive serious attention from the scientific community [3,7,14,17]. The works by B. Stosic, M. Mihic, R. Milutinovic, S. [11], M. Weimer, L. Marin, [16], I. Yeremenko, E. Rudskaya [18] and other researchers are devoted to innovative investment approaches.…”

Section: Discussionmentioning

confidence: 99%

State and Bank Financing of Innovations: Federal and Regional Aspects

Antipin¹,

Bagaynikov²

2019

Proceedings of the Internation Conference on "Humanities and Social Sciences: Novations, Problems, Prospects" (HSSNPP 2019)

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In the era of the knowledge-based economy, countries and regions that provide the fastest innovative development benefit from the global competition. Direct implementation of innovation policy is carried out by specific enterprises, in which innovative development plays the role of a key factor in the toughening competition. Thanks to state efforts, the basis of national innovation system has been formed. In particular, there are some federal and national research universities that provide research, innovation, and staffing for high-tech industries, and Russian venture funds, technology parks, industrial and agricultural and industrial parks, and business incubators. The Skolkovo Innovation Center has become widely known. Special attention is paid to region innovative development with innovative infrastructure. The effective use of resource potential of the region involves strengthening and expanding economic ties, increasing the intensity of investment processes at all levels of social and economic system, developing the infrastructure base and increasing the role of innovation in the system of economic interests of the region. The article discusses the key aspects of state and bank financing of innovation, not only at the federal level, but also at the regional level. The paper presents the complexity analysis of financing innovations associated with limited budgetary opportunities, insufficient participation of banks in the implementation of innovative investment projects. There are ways of problem solution to invest innovative activities of economic entities.

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Section: Discussionmentioning

confidence: 99%

State and Bank Financing of Innovations: Federal and Regional Aspects

Antipin¹,

Bagaynikov²

2019

Proceedings of the Internation Conference on "Humanities and Social Sciences: Novations, Problems, Prospects" (HSSNPP 2019)

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“…Depending on the context, it is desirable to use several methods to solve different risk problems as well as a combination of several methods that overcome the shortcomings of the individual methods. For example, Wyrozębski and Wyrozębska [35] proposed the combination of the Monte Carlo and project planning techniques, while Stosic et al [36] proposed the combination of risk breakdown structure (RBS) and work breakdown structure (WBS), the so-called risk breakdown matrix (RBM). Project managers face 'complex problem solving' [37], and simple solutions fail because they are not holistic or creative enough [38].…”

Section: Reducing Risks In Energy Innovation Projectsmentioning

confidence: 99%

Reducing Risks in Energy Innovation Projects: Complexity Theory Perspective

Mihić

Dodevska²,

Todorović

et al. 2018

Sustainability

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The aim of this paper is to contribute to existing work on project risk management, and energy innovation projects, using the lens of complexity theory. By regarding energy innovation projects as complex adaptive systems, and linking complexity theory elements to the possibilities for reducing risks of energy innovation projects, the authors conducted empirical research on a representative sample of 100 subjects. The authors used a questionnaire that was formed on the basis of a previously designed research model, which unifies several different management fields, and a large number of phenomena previously studied independently. Therefore, it has a holistic approach to the topic. The results of this research suggest that considering the elements of complexity theory had a positive impact on reducing risks in energy innovation projects, in all analyzed aspects including specific, operational, and especially regarding social and behavioral aspects. This paper strives to support and encourage better results in energy innovation projects by reducing their risks, and hopes to bring additional value by introducing a new risk philosophy, based on complexity theory. Lessons learnt regarding each issue of this research are points of concern for project managers.

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“…Whereas business projects focus their efforts on direct outcomes, development projects conducted within organizations facilitate project-to-project learning processes which are important to achieve sustainable development. These types of projects do, however, involve greater risks since they most often start with only a loosely-defined goal [27]. Thus, PBIs must accommodate two distinct types of projects: business projects and development projects [12].…”

Section: Development In Project-based Industriesmentioning

confidence: 99%

Sustainable Development in Project-Based Industries–Supporting the Realization of Explorative Innovation

Larsson

2018

Sustainability

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Both exploitative and explorative innovations are needed for sustainable development in any industry, but balancing the two types is a delicate matter, and exploitation tends to be strongly prioritized in many industries. This is typically evident in project-based industries (PBIs), which are characterized by a fragmented supply chain and the delivery of one-off solutions in business projects. Realizing explorative innovations in this context is complex due to the need to transfer new knowledge between the organization developing the innovations and actors in inter-organizational business projects. The aim of this paper is to highlight areas in the management of explorative innovations developed outside business projects, to increase the understanding of where the specific market setting of PBIs might necessitate an adapted approach for successful realization. A case study of three innovation projects in organizations operating in PBIs have been conducted. The findings confirm that the major challenges lie in the transition between development project and business project. We highlight three aspects linked to this transition that require a flexible management approach: the assignation and acceptance of suitable responsibilities and roles, flexible support for the innovation process, and system acceptance. The findings may provide guidance for actors in PBIs strategically seeking to promote sustainable development, and provide foundations for further research to develop support for explorative innovation.

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Risk identification in product innovation projects: new perspectives and lessons learned

Cited by 35 publications

References 26 publications

State and Bank Financing of Innovations: Federal and Regional Aspects

State and Bank Financing of Innovations: Federal and Regional Aspects

Reducing Risks in Energy Innovation Projects: Complexity Theory Perspective

Sustainable Development in Project-Based Industries–Supporting the Realization of Explorative Innovation

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