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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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DQ 1(5)

DQ 1(5)

Q How can the risks of innovation be addressed and/or managed?

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A company at the time of planning for the innovation needs to identify the weaknesses of their plan; it is true that the plan can never be free from the weaknesses. With the help of the SWOT analysis, the team can identify the possible threats and make their contingency plans depending on that. It can be mentioned that a company or a team is going to use an innovative idea and that idea will possibly have more than one risk factor.