How to use risk management to be prepared for disruptive technology

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Companies are constantly struggling to stay competitive. They apply efforts to improve their processes and to offer better products and services. They seek to be close to their customers and aware of the movements of competitors.

Although these actions may be satisfactory for maintaining business within current and consolidated conditions and technologies, will they be sufficient to embrace new technology? Will the product be able to compete with a completely innovative one that is emerging?

In this article, Carol Williams leads us to reflect on these issues while addressing the topic from a risk management perspective. Carol concludes by reviewing tips that will help your company to be more prepared for the emergence of disruptive technologies.