TEN BUSINESS RISKS

Sticking with technology , innovation presents a different kind of risk . Innovation is without a doubt a key enabler of productivity improvement as well as providing a competitive edge . When the market improves , mining companies should look at and collaborate on innovation with other companies within the sector , other sectors , service companies and academic institutions .

Ey believes that companies should align innovation programs to strategy , have a clear management program , have the right structure , processes and systems in place , and most importantly , not to just focus on technology .

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