New Era. New Innovation Playbook.

RI Is The Core Of Sustainable Business Leadership.

RI is about ensuring your innovation system is robust and has the capability to achieve sustainable and meaningful impact - where commercial and societal success go hand in hand.

Why Now?

In the era of exponential change, trust & reputation matter more than ever.

 

Greater political risks on businesses

4th industrial revolution technologies such as 5G and the data produced are increasingly driving the global economy. Their growing influence has also increased their exposure to political risks on innovation progress, R&D and IPR. The vast majority of political risks are firm-specific (91.7%) rather than sector (7.5%) or market-specific (0.8%). A greater focus on environmental, social and governance outcomes of innovation practices could help reduce a company’s political risk.

Shift to impact-based economies

In addition to a shift to the East and regional collaboration, higher requirements for sustainability are also pressuring companies to rethink their supply chains. 67% of investors now make “significant use” of environmental, social, and governance (ESG) disclosures to reduce innovation portfolio and management risks, such as board turnovers.

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Rise of purpose-led Millennials

The world’s 2B millennials are coming into the most critical age range for economic activity – forming households, expanding families and spending money on other things besides going out. Millennials are increasingly using technology to turn issues they care about (e.g. human rights and the environment) into global political and consumer movements.

Convergence of high-impact tech

Technologies are increasingly “intimate” and becoming complex hybrid systems that enable each other with greater velocity, scope and impact. The gap between technology leaders and takers is widening, leading to increasing political and social tension. Given the risks and benefits of new tech, there are growing discussions about innovation ethics, responsibility, direction and ownership.

 

CforRI offers a structured, holistic and evidence-based approach to enable organisations to put their best foot forward during times of change.