Internal Auditing & Risk management Anul V, Nr. 4 (20), Decembrie 2010 1 ICT STRATEGY SUPPORT FOR BUSINESS DEVELOPMENT AND INNOVATION Lecturer, Ph d. Nicoleta GUDANESCU
when the business development lives its own life without taking care of real business needs Internal Auditing & Risk management Anul V, Nr. 4 (20), Decembrie 2010 2 and co-operation
and a ploy (beating the Internal Auditing & Risk management Anul V, Nr. 4 (20), Decembrie 2010 3 competitors).
Internal Auditing & Risk management Anul V, Nr. 4 (20), Decembrie 2010 4 Systems interaction has become complex.
strategies and policies 6. Assess the potential impacts of ICT Internal Auditing & Risk management Anul V, Nr. 4 (20),
All these levels need different kinds of ICT and these levels have four Internal Auditing & Risk management Anul V
Ward and Griffiths, 1996) Internal Auditing & Risk management Anul V, Nr. 4 (20), Decembrie 2010 7 Still as we have seen,
Companies do not have a common research framework to achieve Internal Auditing & Risk management Anul V, Nr. 4 (20), Decembrie 2010 8 success both in business and ICT research.
Internal Auditing & Risk management Anul V, Nr. 4 (20), Decembrie 2010 9 Figure 4. Strategic alignment model (Parker et al. 1989;
Success Internal Auditing & Risk management Anul V Nr. 4 (20), Decembrie 2010 10 could be achieved through focused development activities,
The concluding Chapter 6 identifies potential risks and unintentional consequences which can arise if simplistic interpretations of the data are made,
Honesty, Openness and Fairness Confidentiality Conflict of interest Respect for Human Subjects Respect for Animal Subjects 41 Assessment of Risk and Benefits Research should follow‘good practice'with respect to avoiding plagiarism,
improvements in health, safety and security; improved social attachment; and improvements in the level and security of political rights.
Environmental Benefits, e g. improvements in environment and lifestyle; reduced waste and pollution; improved management of natural resources;
reduced environmental risk; preservation initiatives; conservation of biodiversity; enhancement of ecosystem services; improved plant and animal varieties;
They illustrate the risk of aligning higher education priorities and resources to match indicators. Simple ranking of universities on the basis of bibliometrics or citations can ignore differences between disciplines and between university missions, resources and context.
how realistically the Unit saw its strengths and weaknesses, opportunities and threats, and whether the Unit had contemplated a carefully plan for managing such factors.
the Ministry of Education arguedthat the risks of such tendencies had partly been met by the fact that the publication indicator consisted of two levels.
they perceive it as a threat to patient privacy and confidentiality and as a potential tool for‘Big brother'interference in their practice.
The most dominant problems are listed below in Table 1. Barriers to innovation in SMES Studies (amongst others) Financial bottlenecks-hindered access to external finance,-high innovation costs (and therefore)- high economic risks Acs
political and/or security-related concerns and are supported not rarely by strong pressure groups in the society.
Furthermore, some employees in the R&d units at the headquarters tend to see the new location as a potential threat to their job security leading to resentments, antagonism and even non-cooperation,
and ii) SMES. b) What are the advantages and possible risks of internationalization of innovation activities, particularly of R&d?
of DLR) 1949 First institute for the German Academy of Science in Adlershof 1951 Foundation of the guard regiment for the East german Ministry of state security (since 1967 guard regiment Feliks E. Dzierzynski) 1952
in education Management located in Berlin Adlershof 17 IT and Media Fields of Competence Production technologies Software engineering ICT for healthcare Ambient intelligence Security technologies Transport and logistics Multimedia
The lending conditions depend on the investment target and securities that third parties offer. Indirect lending or intermediate lending is designed for smaller projects than 25 Million euros.
and EIB has no contractual relationship with the beneficiaries EIB gives additional support for priority projects, with higher risk profile than normally, in a form of Structured finance.
and early operational risk subordinated loans and guarantees ranking ahead of shareholder subordinated debt mezzanine finance,
and partly cover the revenue risk. By improving the risk profile of the senior debt
LGTT facilitates the difficult ramp-up period of the projects. The projects of common interest in the field of transport can benefit from the LGTT instrument.
EU tries to create a new class of securities and the pilot phase of 2012-2013 w ill facilitate their introduction to the markets.
because it has the ability to take construction and ramp-up risk, it has a strong experience in arranging project finance
and for fixed price and carries the risks. The private sector may construct the asset in less time
The video surveillance system of the terminal was upgraded in 2005. The whole project costs were 1. 3 Million euros
and the risks are enormous, because the relevance of an international airport for a State is remarkable.
In Berlin Brandenburg airport the investments and risks were transferred to a Special Purpose Vehicle (SPV), Berlin-Brandenburg International Partner (BBIP.
and carried the risks 23/38 Best practices in transport infrastructure financing 1/23/2013 The Baltic Institute of Finland/BSRP Transport Cluster caused by the delay.
and bare most of the costs and risks. EU supports the construction works at the cross-border sections with approximately 10%higher grants
and clarify the sharing of risks and costs. Roads 34/38 Best practices in transport infrastructure financing 1/23/2013 The Baltic Institute of Finland/BSRP Transport Cluster Introduction Road network is still very
In the view of the Ministry of Transport and Communications, PPP shall only be used to the extent that this form of contract involves the transfer of risk
High degree of security and few accidents could provide bonus compensation. Sources: http://www. vegvesen. no/en/Roads/Financial/Private+Public+Partnership+PPP/Project+E18+Grimstad+Kristiansand http://www. vegvesen. no/attachment/72912/binary
and financing is shared so the risks won't be too high for any participant. In Poland the road project was implemented by a consortium that took care of the whole project during a concession period of approximately 30 years.
and safety and security of users are crucial factors when EU funds are allocated. Source: http://eur-lex. europa. eu/Lexuriserv/Lexuriserv. do?
The first paragraph of the Call Research Projects Oriented to Social Emergency eloquently describes the national situation
The qualification of social emergency fits well with the present situation in which endemic hunger gives rise to vast social mobilizations to try to cope with its most dramatic manifestations.
or several aspects of the social emergency situation in which many sectors of the population are living,
1 Identify precisely the problem associated with some expression of the social emergency suffered by the population. 2 Indicate the shortcomings in terms of the existing knowledge to address possible solutions. 3 Propose a research strategy for obtaining, even partially, the missing knowledge. 790
but the assurance of the interest to find concrete solutions would also be conveyed. This is why in the 2010 call,
from violent robberies for food at the time of the first call to different types of security problems associated now with violence related to the uneven economic growth and the persistence of social exclusion, from the bankruptcy of hundreds of firms
raise awareness of global threat of HIV/AIDS, de-stigmatise HIV-positive people Social Enterprise Clinics Improve access to medical services in poor countries to provide universal provision of basic medical services,
and fire workers as well as security for workers through active support to maximise their employability rather than keep them in a particular job.
and surveillance reduced to a state of servicing the machine (Sennett, 1998 and 2006). Sennett's dystopia is echoed by others observing the moves towards the‘24/7 available society',the consequent loss of autonomy,
It is clear that an increasingly flexible model of work is leading to threats to traditional benefits,
With more than 120 million people in the EU at risk of poverty or social exclusion, EU leaders have pledged to bring at least 20 million people out of poverty and social exclusion by 2020.
How to guard against decisions being taken about peoples'lives based purely on big data, data analytics and closed algorithms?
Another barrier in the Eastserve case is data security due to the citizens'PCS connected to the Internet
When the Mextal company marketing Viedome sees a risk, every effort is made to try to eliminate it by adjusting the business in organisational, economic and social terms,
This also involves innovation and taking calculated risks, but within a professional and strategic context.
and managed risk-taking is also important. This has been underpinned by the company developing a unique and successful‘social business'model, on top of its commercial business model,
not only hijack and destroy parts of the existing market, but also create new forms of demand and thus new market value around these existing assets?
and risks need to be taken. This highlights one of the differences between Europe and the US where there is arguably a greater risk-accepting culture.
For example, Gansky (2010) talks of screw-it, let's do it experimentation in the US, compared to a much more risk-averse culture in Europe.
Whether or not the sharing economy becomes a business, remains purely voluntary or some mix in between,
transparency & responsibility-Non-conducive regulation can be threat but Is need flexible conducive permissive policies & legal frameworks-Social & economic efficiencies, better community, more flexibility, personalisation, mass customisation, new social & business models around prosumers-Potential
transparency & responsibility-Non-conducive regulation can be threat but Is need flexible conducive permissive policies & legal frameworks-Social & economic efficiencies, better community, more flexibility, personalisation, mass customisation, new social & business models around prosumers-Potential
& scrutiny-Non-conducive regulation can be threat but Is need flexible conducive permissive policies & legal frameworks-Social & economic efficiencies, better community, more flexibility, mass customisation, new social & business models around pro-sumers-Potential
and security protections will play a key role in accelerating or retarding the adoption of mhealth and the realisation of benefits.
monitoring devices to self-screen for health risks such as diabetes or heart attack, or online enabled calorie-tracking solutions.
medical situation awareness and analysis (risk classification, root cause analysis and risk triggers), and context-aware coaching that enables solutions for converged disease risk management and patient behaviour assistance toward prevention care or prediction of diseases for better disease risk control.
As a result the increasingly elderly population will be able to live more independently in their home environment,
Home monitoring will become more widely available for people considered at risk. This requires better monitoring regimes for chronically ill patients, through monitoring of vital signs.
raise awareness of global threat of HIV/AIDS, destigmatise HIVPOSITIVE people-The. hiv domain is a ground-breaking approach for raising awareness for a social problem.
and assurance of confidentiality of information and security. Clinipak, Kenya, Nigeria, Tanzania, United states-ICT used in Clinipak helps to improve a health provider's ability to diagnose
Despite the project branching out to national levels the true nature is limited quite in is overall capabilities as it is in essence designed to amplify medical services to a specific group of high risk patients that are diagnosed with type 2 diabetes mellitus.
which potential competitors might exploit. The difficulties of setting appropriate commercial prices for the product and services which the public sector as the main customer can afford and
Technically there is further need to address concerns about data security, sensitivity & privacy. Upon closer examination the examples in this category are probably more examples of innovative telemedicine examples,
to address concerns about data security, sensitivity & privacy Personalised health & smarter patient environments Mainly bespoke ICTS-Content creation-Issue identification-Matching assets to needs-In theory online knowledge communities No network
Policy issues related to ICT in social innovation Data security is a big topic in the multi-partner approaches,
MONDEY specifically also highlight the importance of requires a good framework for data security and data protection. 129 Concluding,
relationships-Knowledge and idea sharing-Funding for multi-partner approaches & sustainable business models-Specific technological issues such as data security-Bespoke ICT for high ability group
Possibly requires adaptation of specific policies regarding data security. 131 References Bertot, J. C.,Jaeger, P. T,
Improved community security and protection (e g. against crime, natural hazard) 13. Scale community impact, actual or predicted (more sectors, groups, localities) 14.
and over use) and private ownership (right to exclude others, hence threat of under-utilization) 10.
and research staff of excellence and establishing prestigious MA programmes with high international profiles. 6. 1. 8. Increasing integration into labour market of people from groups at risk of social exclusion Unemployment
For this reason, the Government promotes measures to foster integration into the labour market amongst groups at risk of social exclusion.
and internationalisation 1. 8. Increasing integration into the labour market of people from groups at risk of social exclusion 1. 9. Using ICTS to promote equal opportunities
to guarantee job quality and security, collective negotiation processes should be aimed at increasing company productivity
who should foster job quality and security and spread prevention culture amongst Catalan businesses. Catalonia 2020 Strategy 28 6. 2. 4. Preventing fraud connected to undeclared work
To this end, various credit and security lines are made available to companies, adapted to specific Operational objective Employment
with financial institutions, guarantees, capital risk funds, co-investment, etc.).It is also important to promote channels of access to finance
and protecting the industrial sector by drawing up a map of threats and opportunities and through Government intervention to help ensure the continuity of strategic industrial projects.
In order to anticipate any situations of risk the Government maintains permanent contacts with the business world. 6. 5. Promoting entrepreneurship The Government implements measures aimed at developing the capacity to create new companies,
the social economy is vital for fostering the integration of groups most at risk of social exclusion.
as much out of necessity (decreasing dependency on fossil fuels, rising energy prices, security of supply, reducing emissions of greenhouse gases
whilst also reducing dependency on fossil fuels and improving security of energy supply. The strategy for promoting renewable energy is a maximum priority in Catalan energy policy,
Catalonia 2020 Strategy 40 6. 7. 6. Modernising and making more flexible the Administration of Justice A flexible, efficient justice administration is essential to guarantee legal security and,
security and reliability of electricity and gas supply is essential for business competitiveness. Measures include, basically, the study,
actors'autonomy and risk taking capability and willingness to work for the community is inferior to
actors'autonomy and risk taking capability and willingness to work for the community is inferior to
Another important area of analysis is related to data security, protection and data sharing in the use of online social networks and the value proposition and business models that surround personal and sensitive data.
one of the main risks, and an important aspect to consider, when talking about citizen engagement is the danger of engaging only those people who are engaged already in an issue,
environmentally, and economically sustainable approaches in the face of specific threats to their sustainability. Moreover, the experimental approach requires that such models of democracy
which will study CAPS projects with a special focus on trust, security and engagement issues. The CAPS EC funded projects pool is indeed a network of networks
Similarly, FOCAL, also studies CAPS and specific topics within this domain such as privacy, security, rewards and engagement.
which puts users in control of their data security and was touted by the media as a'Facebook killer'.
and open-source web mail client with userfriendly encryption and privacy features. 29. Media Watch for Climate Change http://www. ecoresearch. net/climate It tracks the latest news and social media coverage on climate change and related issues.
Global warming, implications of population ageing, the digital divide and security issues across the internet, are examples of problems experienced across nations, to a greater or lesser extent,
which the world as a whole is confronted with, such as pollution and global warming, environmental sustainability, energy and food security, antibiotic resistance against new mutations of pathogens,
and cyber and physical security protection against terrorism, etc. tend to exhibit the characteristics of what has long been recognised as the wicked or messy type of problem situation (Rittlle & Webber,
since this stage exposes the facilitator to the risk of a circularity of bad interpretations.
Assurance of no harm or hurt, which includes both physical safety considerations as well as ensuring that the individual exposed to the solution does not suffer from any negative emotional consequences that amount to hurt feelings.
Avoidance of any classifications by the system which may expose its operation to the risk of stereotyping
Other issues to be addressed include training, physical security and confidentiality of patient-related data. Human factors:
Technological innovation and adoption characterised by uncertainty, search, exploration, financial risk, experiment, and discovery take place in an established social and cultural environment.
Security and privacy The data protection of health records against intrusion, unauthorised use, data corruption, intentional or unintentional damage, theft,
Given the sensitive nature of healthcare information and the high degree of dependence on trustworthy records, issues of reliability, security,
particularly to places and communities considered by private enterprise to provide low profitability Protecting security, privacy,
and intellectual property rights Given the sensitive nature of healthcare information and the high degree of dependence on trustworthy records, issues of reliability, security,
and exchanging patient data, with concomitant distrust for off-site data storage and access control. There is a clear danger that by failing to adopt ICT solutions the public sector may become incapable of competing with the private operators,
thus reducing the risks involved in R&d and improving the chances of a satisfactory return on investment in ICT for the private health subsector.
As a legislative framework, it sets a museum at risk even when simple digitisation activities are implemented
community and social values While the museum was aware that this project would be full of uncertainties and risks,
Social inclusion-lifting at least 20 million people out of risk of poverty or exclusion. In order to meet these targets,
Our network wants to contribute to a European museum sector that exploits its potential to further a broader social agenda,
a. Better communicate the risk reduction potential of the SME Instrument as a key benefit to prospective applicants and their financial backers.
Business is about managing risk and we have to speak to firms in a language they understand.
As a general message, such actions should include better communicating the risk reduction potential of EU grants to prospective applicants and their financial backers.
SMES received the biggest share of the available funding in nanomaterials (23.1%),security and energy.
H2020 Access to Risk Finance The Risk Sharing Instrument (RSI), part of the Access to Risk Finance specific objective, provides a guarantee facility to innovative SMES and mid-caps
In essence, the SME Instrument is an intelligent new EU cofunding scheme of business excellence and a feeding channel for growth via risk financing.
What are the inherent risks and uncertainties for SMES with the ambition to set new trends?
and security of being able to experiment within‘sandbox'markets 4 India, for example, is developing game-changing healthcare services
making the business environment more competitive and increasing risk. EU initiatives have to reflect these conditions and offer greater flexibility.
SMES Have Yet to Exploit the Full Potential of Open Innovation Open innovation is becoming the dominant innovation paradigm.
are no longer sufficient for success. Successful SMES are able to understand customers and markets, know how to exploit niche markets and specialisation,
The EAG's work here overlaps with that of the Advisory Group on Access to Risk Finance.
firstly, at a conceptual level (the role of risk finance in bridging the liquidity gap;
and secondly a specific practical issue (the importance of risk finance in the success of the SME Instrument.
EU Funding as a Means of Reducing Risk and Addressing the Liquidity Gap For SMES, one of the main benefits of EU (and national) grants is as a risk reduction measure rather than the direct funding
However, potential investors and loan providers for such grant-supported innovation projects will see their risk exposure reduced, partly by the reduction in funding requirement,
Overall, their risk-adjusted financial business case is improved. Hence, an EU grant-supported innovation project will have better possibilities to attract funding to cover both
investors see their risk reduced and their‘upside'increased; the entrepreneur ends up giving away less equity to attract investors'attention;
Hence the investor, based on previous experience makes a‘risk adjusted'calculation of his expected return,
using a risk ration of 65%.%This changes the expected IRR from 40%to 7%.Now it is no longer a nice deal.
Even if he maintains his risk assessment of 65, %his IRR calculation now shows 45%.%However, if life turns out as budgeted,
year 3 year 4 year 5 Budgetted company value at investment Budgetted company value at exit Risk adjusted Company value Horizon 2020
Actively emphasize the risk reduction potential of the SME Instrument: Firstly, in terms of the overall message, the SME Instrument is being marketed primarily as yet another'grant scheme,
Uniquely among EU actions, the SME Instrument is aimed at reducing the risk and bridging the funding gap (the‘valley of death')between research grants
By decreasing the risks associated with early stage innovations the SME Instrument (together with other H2020 grant
This risk reduction aspects needs to be communicated much more clearly. Whether as an investor or as an SME owner/manager, business is about managing risk
and the initiative must speak to firms in a language they understand. Recommendation 4. 1: Better communicate the risk reduction potential of the SME Instrument as a key benefit to prospective applicants and their financial backers.
Phase 2 funding under the SME Instrument raises major liquidity issues which demand urgent attention.
The Innovation EAG & the Access to Risk Finance Group will address this Horizon 2020 Expert Advisory Group Innovation in SMES:
Consultation on Next EU Strategic Work Programme 2016-2017 14 efforts to better communicate the risk reduction potential of a Phase 2 grant (as mentioned above) as part of a coherent communications strategy
%With such high application levels, there is a risk that submission under the SME Instrument becomes seen as something of a lottery,
or accept the risks that go with this. The Commission has included in Horizon 2020 funding to accelerate innovative procurement methods of this type.
cybersecurity, etc in strictly controlled environments rather than on live systems. Horizon 2020 Expert Advisory Group Innovation in SMES:
as well as new solutions and services for the ageing population. o Innovative‘DIY'products and services around 3d printing and additive manufacturing, including attention to European regulation/standards/risk management. o Challenges
associated with the diverging requirements of regional, national & transnational critical infrastructure security; and manufacturing/distribution traceability with privacy requirements associated with the internet of things.
European security/privacy and certification would be a clear differentiator. These could possibly provide traceability from the European SME innovations sourcing to the final products/services (for sectors in which transparency is desirable.
approaches there is a risk that calls become too prescriptive. Themes should serve as‘inspiration'rather than a‘straight jacket'.
Better exploit areas with‘explored potential'for involvement of innovative SMES: Horizon 2020 is a broad and deep programme with very many actions and initiatives.
Everybody wants the creativity and innovation but not the risk of failing. But creativity needs the freedom to explore
i) internationally competitive knowledge bases, ii) support of efficient knowledge and technology transfer collaborations and iii) companies that exploit intensively the results of modern S&t.
Exploration of innovative services and new services in public organisations as proposed by the RDI strategy 2013-2020, could improve the low risk taking culture of civil servants.
i) internationally competitive knowledge bases, ii) support of efficient knowledge and technology transfer collaborations and iii) companies that exploit intensively the results of modern S&t.
i) internationally competitive knowledge bases, ii) support of efficient knowledge and technology transfer collaborations and iii) companies that exploit intensively the results of modern S&t.
Therefore, the Commission found useful to examine further the risks involved and progress in the unwinding of imbalances in an in depth analysis. The in depth review (IDR),
took a broad view of the Hungarian economy in line with the scope of the surveillance under the Macroeconomic Imbalance Procedure (MIP).
the low level of risk-taking together with the intensity and type of competition seem to influence firms'behaviour with such a power that STI policy schemes cannot offer strong enough incentives to overrule these unfavourable effects. 11 5) Deficiencies in the STI governance system
Risk-averse attitude and culture is deep-rooted in the Hungarian society. As long as research and innovation could be highly risky
that grants support mainly low risk projects and for example require that applicant companies should be in business for 2 years.
%Within the program, a collateral scheme has been developed based entirely on the risk management of the collaborating banks,
(mostly commercial banks and saving banks) based on predetermined risk sharing, thus improving the SMES'bank finance options.
For a given credit, the amount of collateral to be secured by Venture Finance Hungary Plc is a maximum of 80%of the bank claim the rest constitutes the bank's own risk
slowly growing (pre) seed capital market and low number of business angels(-)Risk taking is generally low among population
and Hungarians have a rather risk-averse culture. No public measure in place to promote willingness to take risk.(+
+The RDI strategy 2013-2020(+)New Széchenyi Venture capital Programme(-)The RDI strategy 2013-2020 9. Public support to research and innovation in businesses is simple, easy to access,
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