Today, PwC released its annual Risk in Review, a study with insights from more than 1,500 senior risk executives. This year’s report focuses on how risk leaders address innovation risk. Risk management is often overlooked during periods of innovation, but having the right risk-reward balance in place is the key to success in today’s forward-moving business age.
Sixty percent of respondents from this year’s report are considered Adapters, companies with risk management programs that are effective in managing innovation-related risks. Adapters more often (1) call their organizations innovative, (2) anticipate revenue growth and (3) report that their risk management programs contribute significant value to the organizations.
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