Factors that influence risk taking and innovation

Subject: General Questions    / General General Questions


Your company is developing an innovation that will be integrated into your work, community, or church. The goal is to move your work, community, or church to the top in terms of business processes, operational effectiveness, product and service innovation, profitability, and growth. However, innovation does not come without risk, and risk can be influenced by a variety of conscious and unconscious factors. In this assignment, you will consider the factors that influence risk taking and innovation.




Write an essay of 1,000-1,250 words that addresses the conscious and unconscious factors in risk-taking and innovation. Your paper should include the following:

1 A description of and rationale for the innovation strategies leaders should employ to improve cross-cultural relationships.

2 A description of the risks and challenges associated with an innovation opportunity in a global environment from both a personal and organizational perspective.

3 A research-based description of at least one conscious and one unconscious factor that might affect a leader’s decision regarding an innovation opportunity. How might these two factors affect creativity and innovation?

4 A research-based explanation of why self-awareness is important in risk-taking and innovation situations.