Research on Framework of Knowledge-Oriented Innovation Risk Management System

Abstract

Innovation is the inexhaustible motive force for the prosperity of one nation, and also the life source of enterprise. However, the high risks of innovation activities require managers to implement the scientific and effective innovation risk management (IRM). On the basis of a general review of the IRM, this paper integrated theories and methods of knowledge management into the process of risk management, built a framework of knowledge-oriented IRM system, and proposed relevant strategies and references for practical application of knowledge-oriented IRM. By means of acquiring, storing, sharing, and transferring innovation risk knowledge and knowledge innovation, this approach can ensure the knowledge supply for the whole process of innovation operation management and risk management, effectively blocking the evolution and transmission of risks in innovation, and improving the performance of innovation.