Technology innovation risk mitigation and organizational strategy: A balanced framework for technology managers

The management of technology encompasses the ability of organizations to effectively manage the intersection of the creation and life cycle of technological innovations and business strategies. With aggressive efforts to transition to a more sustainable environment through energy-smart products and processes, it is critical that the leaders and managers leading the charge are effectively balancing the potential risks with the rewards, understanding that it is a gradual transformation, of use and behavior, over a period of time that holds the key in creating long-term change. This research seeks to create a framework of strategies and processes associated with technology risk mitigation, and organizational integration of cross functional/ interdisciplinary teams and activities of which are both critical in helping leaders have the right structure in place to ask the right questions, get the right answers and make the right decisions in effectively managing energy smart innovations for a sustainable future.