Question

How have technological innovations increased risks in business organizations?

Answer 1

Answer:

Technological innovations carry a number of potential benefits, nevertheless the risks that a company may undergo due to the pressure to innovate can damage the structure and lead to a disasterous outcome.

These new technological innovations may make a company feel outdated and pressured into new innovation projects without considering a risk management group. The way they may affect businesses depends on the innovation and the desired results, sometimes a company will jump into a new technology trend without researching the social impact it will cause on products and consumers.