Innovation drives change and adds risks

Risks are generated whenever innovation is a driver of change

Risk Assessment

Innovation is a driving force for change yet it also comes with risks.  Few companies invest in it, and ones that do reap higher returns and perform better than their peers.   After years of cost cutting during recession, companies are now focused on finding ways to transform and grow the business.  IT innovation is becoming extremely important as companies are looking at efficiency gains and faster pace of automation. CEO’s are also looking at how IT can help in accelerating growth or create new products and services for higher revenue.

Whether companies invest in interconnected technologies that optimize operations or robotics that reduce human error and inefficiencies, enterprise leaders who leverage technologies to drive innovation in their products, processes, and consumer experience see accelerated growth, better performance and higher returns.

Author: Victor Janulaitis

M. Victor Janulaitis is the CEO of Janco Associates. He has taught at the USC Graduate School of Business, been a guest lecturer at the UCLA's Anderson School of Business, a Graduate School at Harvard University, and several other universities in various programs.