Key points are not available for this paper at this time.
Innovation risk is a complex multidimensional concept. To function successfully in a risk sphere, employees should have expert knowledge in economics. Effective risk management contributes to the competitiveness of a company on the domestic and international markets and increases the economic and industrial potential required for implementation of the state innovative development strategy as a whole. Innovation performance indices are the ability of operational risk management, the ability to predict innovation risks. Entrepreneurs play a coordinating role in the movement of risk management and their combinations. As a result, entrepreneurs help to establish a hierarchy of innovative connections in the real economy and economic system as a whole. The article describes the classification of risks. The article analyzes risk management methods applied in the innovation sector. It also deals with the issues of risk effects.
Nechaev et al. (Sun,) studied this question.