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Risk Conception And Risk Management In Corporate Innovation: Lessons From Two Swedish Cases

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  • HENRIK BERGLUND

    (Department of Technology Management and Economics, Chalmers University of Technology, Vera Sandbergs Allé 8, SE-412 96 Göteborg, Sweden)

Abstract

Risk is central to innovation, but in order to be theoretically interesting and of practical use, the relation between risk and innovation needs to be investigated in more specific situations. This paper explores the risk conceptions of innovators in two large corporations and identifies three themes that illuminate the relationship between risk and innovation in the corporate setting. The first relates risk to the issues of boundaries and control over parts of the innovation process; the second shows how risk is primarily related to innovation as process and not as output, and the third shows how a flexible view of business models can be used to manage risk in corporate innovation.

Suggested Citation

  • Henrik Berglund, 2007. "Risk Conception And Risk Management In Corporate Innovation: Lessons From Two Swedish Cases," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 11(04), pages 497-513.
    • Handle: RePEc:wsi:ijimxx:v:11:y:2007:i:04:n:s1363919607001849
    DOI: 10.1142/S1363919607001849
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    Cited by:

    1. Maleen Z. Gong & Nava Subramaniam, 2020. "Principal leadership style and school performance: mediating roles of risk management culture and management control systems use in Australian schools," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 60(3), pages 2427-2466, September.
    2. Sadek, Biland, 2024. "Components and Strategic Routes of Corporate Transformations," MPRA Paper 120332, University Library of Munich, Germany, revised 26 Feb 2024.
    3. Valérie Sabatier & Vincent Mangematin & Tristan Rouselle, 2010. "From Business model to Business model portfolio in the european biopharmaceutical industry," Post-Print hal-00430782, HAL.
    4. Gurd, Bruce & Helliar, Christine, 2017. "Looking for leaders: ‘Balancing’ innovation, risk and management control systems," The British Accounting Review, Elsevier, vol. 49(1), pages 91-102.
    5. Bi, Kexin & Huang, Ping & Ye, Hui, 2015. "Risk identification, evaluation and response of low-carbon technological innovation under the global value chain: A case of the Chinese manufacturing industry," Technological Forecasting and Social Change, Elsevier, vol. 100(C), pages 238-248.
    6. V.K. Gupta, 2016. "Strategic framework for managing forces of continuity and change in innovation and risk management in service sector: a study of service industry in India," International Journal of Services and Operations Management, Inderscience Enterprises Ltd, vol. 23(1), pages 1-17.

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