Economic analysis and risk assessment in the process of implementing innovative products on the example of impregnated grinding wheels

This article presents issues related to the search for new products. The process of innovation implementation in a production company is characterized. Issues related to the process of innovation implementation are presented, as well as processes closely related to it. There are presented the analyses which are necessary to carry out, before starting the process of innovation implementation in a company. The process of economic analyses and risk assessment of FMEA implementation was discussed. The analyses presented refer to a specific example which is the implementation of innovative impregnated wheels in the company Andre Abrasive Articles.