Page 6 - TECOFASH

CHAPTER 1

Importance of Analyzing
3.1 Innovation-related Risks and

Impacts

Importance of Analyzing Innovation-
O3-A1: Intergenerational approach and collaborative training guidelines
related Risks and Impacts
As a first step partners will develop the methodology for an intergenerational approach as chosen to
Innovation is a complex process with many different stages and
deliver the training. The aim of this output is to create long term relationships between an
inherent risks. It will often require an investment of time and
entrepreneur, responsible for running a retail business and a youth, who will help them introduce
money before any positive effects become visible.
sustainable changes to the business. In order to reach this objective, a framework for the

collaboration will be developed. The relationship will be be voluntary and included as such in the
Innovation-related risks refer to the uncertainties and potential
framework but encouraged in order to maximise participation in the training activity and further
negative outcomes associated with the process of innovation.
apprenticeship programmes. Partners will explore existing suitable frameworks that can be used in

the RETAIL project. In addition, partners will seek involvement of relevant networks to increase the

project scope. For instance, DCC is a member of the Enterprise Europe Network with EASME
Risks can be:
actively encouraging members to collaborate and engage with all relevant EU projects. Partner will
also explore other relevant programmes such as mobility programmes (Erasmus+, Erasmus for
Operational: failing to meet quality, cost or scheduling
•
young entrepreneurs), etc. From this work, a methodological report will be issued.
requirements.

• Commercial: failing to attract enough customers.

• Financial: investing in unsuccessful innovation projects.