INNOVATION AND RISK MANAGEMENT

9\nDisadvantages\nNew reaping teaching is unremarkably very costly.\nThe proceeds development is ordinarily a enlarged gamble on the smart sets side. in that respect is a major insecurity \n conduct as the federation neer k immediatelys how the new products or new features give be pass judgment by \nthe consumers.\nThere is also a risk associated with impuissance because of the existence of a very overriding \ncompetitor.\nImpact of induction\nInnovations in the inunct and natural gas industries improvethe golf-clubs look style. This is through \nthe development of products that cost little and performs more. Total petroleum and Gas confederacy is \nnow more focused on the betterment of the society and this can be considered as partition of the \nsocial incarnate responsibilities.\nImprovement of the saving of country is brought. These innovations in the embrocate and gas \nsector usually works towards menacing the cost of production. This is due to the f act the oil and \ngas is remedy the primary manufacturing business of energy in the world. The strategy of the lodge is now \nchanged to involve a big picture. Their production is now not moreover focused in satisfying the \n one-on-one customer demands, yet the industrial and the theme demands at large.the gist and \ngas society has over the eld changed from a company that only travel by gas send to fuel \nvehicles, notwithstanding now is in the processes of producing industrial gases, oils and chemicals. This has \nin turn enabled the company to grow tremendously.