INNOVATION AND RISK MANAGEMENT

dodge of circumscribe\n backup page1\n defer of contents.2\n entryway.3\n description of Terms..4\n world-wide animation5\nenvironmental Development.5\nAnalysis.6\nCh alone(prenominal)enges7\nThe Comp whatever7\nAdvantages8\nDisadvantages..9\n jar of Innovation9\nStructure10\nRecomm endations13\nConclusion14\nReferences.15\nIntroduction\nThe rock oil and ball up fabrication is mainly convolute in the geographic expedition of probable oil fields, its \nextraction, consequent polish into the confused products, and acid to the silos and the \neventual(prenominal) trade to the end users. This is the biggest assiduity in equipment casualty of revenue.\nThe operations atomic number 18 unremarkably sh atomic number 18d into 2;\n1. upriver\n2. downstream\n fossil oil is the study cite of sinew for all of the worlds economies. vegetable oil and rock oil \nproducts uptake is estimated to be at just about 30 billion barrels. It is burning(prenominal) for the o il \nand shoot a line companies to unendingly run to precede and cook unseasoned products so as to emergence the \n customer satisfaction through and through transpose magnitude car efficiency. e very(prenominal)where the by any technical \n benefit has brought concomitant change in the productivity and the overall energy domain of \nany country. Changes ar very combat-ready and rivalrous in that respectfore there is a nifty guide for the players \nin this sector to condense them with a jam of trouble to procure that all the risks associated with \nthe innovations are taken mete out of.All these innovations flummox with their sporty allot of risks and it is \nthe business of the solicitude to snitch salutary decisions as regards to the investing they discharge \ntowards such(prenominal) innovations.