Abstract
This is a progress report of the work done at VTT within
INNORISK project, a 3-year (2006-2008) joint research
project between the Corporate Foresight Group (Cofi) of
Åbo Akademi and VTT Technical Research Centre of Finland,
is associated with the LIITO technology programme of
Tekes". The focus of VTT's work in the project has been
on the development of practical methods and tools for the
management of opportunities, risks and uncertainties in
new business creation.
The INNORISK methods and tools aim to support decision
making in companies at critical points of the innovation
process when companies are creating new business. The
methods help companies to identify phases and elements in
their innovation process where specific managerial or
development actions are needed. As a result, the fuzzy
front-end of the innovation process is no longer so
fuzzy. When elements and critical decision points in the
front-end have been identified, and information as well
as decision criteria needed have been defined, the
front-end becomes controllable and actions for new
business creation can be co-ordinated.
| Original language | English |
|---|---|
| Publisher | VTT Technical Research Centre of Finland |
| Number of pages | 40 |
| ISBN (Electronic) | 978-951-38-7138-3 |
| Publication status | Published - 2008 |
| MoE publication type | D4 Published development or research report or study |
Keywords
- innovation management
- innovation
- foresight
- portfolio management
- opportunity recognition conceptualisation
- commercialisation