Description
How does an organization determine if an innovation is worth the risk?
Explanation & Answer
Thank you for the opportunity to help you with your question!
Two tools, used in tandem, can help companies do this. The first, the risk matrix, will graphically reveal risk exposure across an entire innovation portfolio. The second, the R-W-W (“real, win, worth it”) screen, originated by Dominick (“Don”) M. Schrello, of Long Beach, California, can be used to evaluate individual projects. Versions of the screen have been circulating since the 1980s, and since then a growing roster of companies, including General Electric, Honeywell, Novartis, Millipore, and 3M, have used them to assess business potential and risk exposure in their innovation portfolios; 3M has used R-W-W for more than 1,500 projects
Please let me know if you need any clarification. I'm always happy to answer your questions.
Review
Review
24/7 Homework Help
Stuck on a homework question? Our verified tutors can answer all questions, from basic math to advanced rocket science!
Similar Content
Related Tags
Frankenstein
by Mary Shelley
Cry the Beloved Country
by Alan Paton
Twilight
by Stephenie Meyer
The Knife of Never Letting Go
by Patrick Ness
The Woman in the Window
by A. J. Finn
Anthem
by Ayn Rand
One Flew Over the Cuckoos Nest
by Ken Kesey
Macbeth
by William Shakespeare
Invisible Man
by Ralph Ellison