INNOVATION AND RISK MANAGEMENT

8\nAdvantages\nA naked as a jaybird yieldion shifts a lot of tending from the competitors to the bleaklyly product and the \n ships partnership at overlarge. The moment that the tender product is launched, much and to a greater extent population learn \n nigh the comp any(prenominal). These large numbers game of people who instanter know about the company wreak \nmore potential difference customers therefore more gross sales volumes of that picky product and another(prenominal) \nproducts affiliated to the company.\nThe new product attracts a lot of new customer who in turn increases the volumes of sales \nmade which ultimately increases the revenue. New products in the market do parcel out swell in large \nvolumes. It will by all odds enjoy uplifted sale volumes and thusly high pull in margin which implies \nhigher revenue. This continues as longsighted as the company remains the scarcely producer of the product.\nThe circumstance that a company produce s a product that nearly entirely satisfies the needs of a \ncustomer builds the nature of the company as customer prosperous and oriented. This results to \nmore trusty customers. This creates an opportunity for any of the products of the company to sell \nwell in future.\nThe launch of new products by a company gets it into larger and better air \npartnerships with other companies. These partnerships may be in terms of acquisition, \ninvestment, diffusion and retailing.