Economic risks of enterprise innovation and investment project life cycle

Abstract

The aim of the present study is to analyze the sources of risk of industrial enterprise, as well as to develop risk map to minimize the risks of industrial enterprise in the context of the life cycle of a particular innovation project.To solve this goal, the expert survey method was used in order to determine the risk factors of an industrial enterprise and the basic risks of innovation and investment projects in the industry. The obtained data were used to carry out risk mapping of innovation and investment projects in the industry in accordance with the individual stages of the innovation life cycle. Based on the research results, the risk factors arising from the uncertainty of the external environment of the industrial enterprise were identified, as well as the developed risks classification was proposed. Besides, certain risks of the industrial enterprise have been attributed to the individual stages of the innovative project life cycle in the industry that will allow effectively managing the risks typical of each individual stage.