Managing risks in the age of innovation

Risk in review 2018—Canadian insights

An agile approach to risk strategy

The world is changing at a pace that’s never been seen before. As new ways of working and living take hold, innovation is intensifying. Organizations are implementing new technologies to improve existing products, services and experiences or to create new ones. They’re engaging with customers and partners in new ways.

But innovation also brings new risks. How are leaders responding? How can risk management plans support growth? What are the best practices of successful adaptors? As organizations face pressure to innovate, risk executives have to help strike a balance to succeed and turn risk into opportunity.

Risk management needs to evolve if organizations are to capture value from emerging technologies and new initiatives—and a comprehensive, agile approach is key.

Our report examines how to manage innovation-related risks around organizational culture, technology and talent.

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Jennifer Johnson
National Financial Services Leader & National Enterprise Assurance Solutions Leader, PwC Canada
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