This report comprises an outline description and summary
of the main findings of an exploratory study into risk
management and innovation led by the National School of
Government between January and December 2005. Its
purpose is to provide a basis for reflection on current
practice in this area and to make some suggestions for
next steps. In looking at organisations that excel, we
identified ingredients that appear to be common to those
that achieve success through innovation and well-judged
risk taking. pdf 2006