Reducing the risks of innovation in asset management
Asset Management takes a risk-based approach to create value for stakeholders through assets. Reducing risk is a key focus for asset management practitioners. Given the increasing imperative for innovation in organisations of all types, asset managers have an important role in driving this innovation. In risk averse environments, the imperative for effective risk management can compete with the imperative for innovation. Innovation can also be stifled by regulatory, financial, organisational, technical or cultural barriers. Asset managers can address these competing imperatives by adopting approaches that reduce the risks of innovation within their organisational context. These approaches include consistency, commitment and collaboration. This paper draws on research and practice to provide practical approaches for asset managers to reduce the risks of innovation within their scope of work. Presented for the Asset Management Council's AMPEAK Conference 2020.
Asset Management takes a risk-based approach to create value for stakeholders through assets. Reducing risk is a key focus for asset management practitioners. Given the increasing imperative for innovation in organisations of all types, asset managers have an important role in driving this innovation. In risk averse environments, the imperative for effective risk management can compete with the imperative for innovation. Innovation can also be stifled by regulatory, financial, organisational, technical or cultural barriers. Asset managers can address these competing imperatives by adopting approaches that reduce the risks of innovation within their organisational context. These approaches include consistency, commitment and collaboration. This paper draws on research and practice to provide practical approaches for asset managers to reduce the risks of innovation within their scope of work. Presented for the Asset Management Council's AMPEAK Conference 2020.
Asset Management takes a risk-based approach to create value for stakeholders through assets. Reducing risk is a key focus for asset management practitioners. Given the increasing imperative for innovation in organisations of all types, asset managers have an important role in driving this innovation. In risk averse environments, the imperative for effective risk management can compete with the imperative for innovation. Innovation can also be stifled by regulatory, financial, organisational, technical or cultural barriers. Asset managers can address these competing imperatives by adopting approaches that reduce the risks of innovation within their organisational context. These approaches include consistency, commitment and collaboration. This paper draws on research and practice to provide practical approaches for asset managers to reduce the risks of innovation within their scope of work. Presented for the Asset Management Council's AMPEAK Conference 2020.
