Balanced management of innovative risks in the process of innovative development

Abstract

The article considers the issues of balanced management of innovative industrial risks as a mechanism to increase the efficiency of organizations innovative development. The place of this complex of management measures in the overall management system in the process of introducing innovations in the face of uncertainty and risks is determined. An augmented model of balanced management is proposed taking into account the innovative nature of company development and the risk factor. The role of innovative industrial risks is defined as a limitation of innovative development, and a method for effectiveness assessment of their balanced management by assessing the complex level of system survivability is developed. Thanks to this method, it is possible not only to assess the quality of the innovative industrial risks management system, but also to identify ways for its improvement and development.