What kind of risk is associated with product innovations in the early stage that design thinking helps to mitigate?.

1 answer:

7 0

Financial risk is the kind of risk connected to early-stage product developments that design thinking helps to reduce.

<h3>What is meant by risk?</h3>

Risk is the possibility of anything going wrong. It concerns the ambiguity surrounding the actions' consequences. Risk is the price a businessman pays to make money.

The risk connected to the organization's financial resources is known as financial risk. It appears during the product development process.

Therefore, it can be stated that financial risk is a type of risk that can be reduced by creative thinking when it comes to early-stage novel concepts.

Thus, Financial risk is the kind of risk connected to early-stage product development.

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