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RAPPORT

Managing risks and enabling growth in the age of innovation

Risk is review Study

As technological innovation continues to revolutionise the business landscape, organisations are also grappling with newfound risks and unchartered challenges. PwC’s 2018 Risk in Review Study, “Managing risks and growth in the age of innovation,” shows how a distinct set of risk management practices can arm organisations to capture value from their innovation efforts and better manage related risks for further growth.

Surveying more than 1,500 senior risk executives ranging from chief risk officers, to audit/risk committee members, to CEOs at organisations headquartered in 76 countries, PwC’s study explores actions that risk executives are taking to achieve the appropriate risk-reward balance as they lean into innovation. More than half (60%) of those polled manage innovation risk very effectively or somewhat effectively – a cohort of the survey population which the study labels as ‘Adapters’.  

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