Impact Assessment of Radical Innovation

Impact Assessment of Radical Innovation involves evaluating the potential effects of groundbreaking ideas or technologies on society, the economy, and the environment. This process examines both positive outcomes, like improved quality of life and economic growth, and negative consequences, such as job displacement or environmental harm. By analyzing these impacts, stakeholders—including businesses, governments, and communities—can make informed decisions about adopting and implementing innovative solutions, ensuring they benefit society while minimizing risks. Overall, it's a crucial step in managing the introduction of significant changes in our world.