Diagnosing risk in radical innovation projects

J.A. Keizer, J.I.M. Halman

Research output: Contribution to journalArticleAcademicpeer-review

36 Citations (Scopus)
4 Downloads (Pure)

Abstract

Radical innovation projects are inherently risky. A number of in-depth case studies have been carried out to identify the kinds of risk that are characteristic of this type of new product development project. Two kinds of risk were identified. The first-unambiguous risk-was high for three basic questions: 1) Will the new product perform according to specifications (balance between the product components and functional product format)? 2) Can we rely on our suppliers (quality and contract arrangements)? 3) Will consumers adopt the new product (fit with standards and demands, and fit with habits and user conditions)? The second kind of risk-ambiguous risk-included risks for which there were strong differences of opinion concerning internal organization and project management. These results provide guidelines that can help industrial R&D managers improve their companies' innovation capabilities.
Original languageEnglish
Pages (from-to)30-36
Number of pages8
JournalResearch Technology Management
Volume50
Issue number5
Publication statusPublished - 2007

Fingerprint Dive into the research topics of 'Diagnosing risk in radical innovation projects'. Together they form a unique fingerprint.

  • Cite this