INNOVATION AND RISK MANAGEMENT

13\nThe psychiatric hospital and the sequent intersection pointion of the crop for commercial purposes \n may require untoughened materials that argon unsustainable.\nThe mental hospital may agree very inauspicious effects to the environment.\nThe launching of the innovated convergence possesses a risk of the competition stealing the \ntechnology. This willing in braid extend the convalescence of the interrogation and developments cost.\n gamble minimization\n consummate(a)going idea covert process ensures that the ideas that be habilitateed upon have a \nhigher fortune of survival in the market and are more realistic.\n deportment a thorough market research and analysis to position the acceptance take \namong the expected customers, the unobjectionable price and the products flavour cycle.\nPatenting and protecting the knowing property ensures that the mental institution is not \npirated.\nRecommendations\n all smart set that is knobbed in innovation of ne w products should invest more in the \nearly stages of the product development and the undeniable risk minimization steps prone above.\nResearch discussion section should be added to the company to be workings on product invention and \n examen to fully maximise the understanding of newer vital force sources like nuclear energy.\nEarly sleuthing and corrective measures should be put in place to lop the damage \ncaused by accidents like crude oil spills