QUANTIFICATION OF INNOVATION RISKS

I would greatly appreciate if you could answer these 13 questions and help me out with my research study. Here is the abstract. In this paper I focus my attention in developing a model that can identify, analyze and quantify the risk of innovation projects. This model stands besides innovation project management practices and is based on a step by step structural framework empowered by a PRA (Probabilistic Risk Assessment) analysis. That is, the innovation project is conceptualized in different steps and for each step a PRA analysis is being performed. Moreover, the risks are divided in two categories: external and internal to the project with different probability of occurrence and impact values which in turn are calculated and integrated within the model. The final objective is to come up with a project risk-failure curve that can be used as an additional tool for the evaluation of the relative investment in innovation projects 1st advisor: VINCENZO BAGLIERI (Assistant Professor/ Department of Management/ Università Commerciale Luigi Bocconi) 2nd advisor: RAFFAELLA PICCARRETA (Bocconi Tenured Researcher/ Department of Decision Sciences/ Università Commerciale Luigi Bocconi) Best Regards Altin Kadareja I hereby ALTIN KADAREJA declare that will not distribute or make available any information shared in this survey to anyone that is not involved in this research study.
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Our organization encourages and uses sufficient opportunities to train qualified mangers or other employees on innovation topics
Our organization has moved beyond hit-and-miss innovation to a more strategic approach that is aligned with our growth strategies
Our organization has fostered a culture that expects everyone, at every level, to contribute to the innovation process
Our organization has built networks, pathways and platforms that promote the flow of innovation both internally and externally through alliances and partnerships
Our organization has adopted/adapted a step-by step funnel process that facilitates idea generation/collection right through the development of a business case and deployment of the new product/service/process
Our organization has created opportunities to learn by building systems that capture key learnings from the innovation process and communicate these learnings across the entire enterprise




Difficulty selecting the right ideas to commercialize
Risk - averse culture
Lengthy development times
Lack of coordination within the company
Lack of qualified personnel
Inability to adequately measure performance of innovations
Insufficient support from leadership and management
Compensation not tied to innovation results
Not enough planning and measurement during the project phase
Ineffective marketing and communication
Not enough customer insight
Availability of finance

Difficulty selecting the right ideas to commercialize
Risk - averse culture
Lengthy development times
Lack of coordination within the company
Lack of qualified personnel
Inability to adequately measure performance of innovations
Insufficient support from leadership and management
Compensation not tied to innovation results
Not enough planning and measurement during the project phase
Ineffective marketing and communication
Not enough customer insight
Availability of finance

Excessive perceived economic risks
Direct innovation costs too high
Cost of finance
Lack of information
Market dominated by established businesses
Uncertain demand for innovative goods or services
Need to meet national Government regulations
Need to meet EU regulations
Not enough customer insight
Brand name reputation
Competitive pressure
Extraordinary situations

Other business within your enterprise group
Suppliers of equipment, materials, services, or software
Clients or customers
Competitors or other businesses in your industry
Consultants, commercial labs, or private R&D institutes
Universities or other higher education institutions
Government or public research institutes

Trademark or copyright problems
Issuance of patents
Invalidity and infringement of patents
Expiration of patents
Availability of information for staff or customers
Compliance with national rights
Added value that IP protection brings to the company
Knowledge spills in the form of spin-offs
Item Disclosure of trade secrets, know – how, confidential information





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