Technological Uncertainty a. How new the technology is b. How to use it Market Uncertainty a. Unclear customer needs b. Lack of knowledge about the behavior of competitors c. Difficulties in predicting the price development of raw materials and competing products and services Regulatory/institutional uncertainty a. Ambiguous regulatory and institutional environment b. Instability of government subsidies Social/political uncertainty a. Diversity of interests among stakeholders of innovation processes b. Power struggle Acceptance/legitimacy uncertainty a. Necessary skills and knowledge contradict existing skills and knowledge possessed by users of innovation b. Innovation threatens individual’s basic values and/or organization’s norms Managerial uncertainty a. Fear of failure b. Lacks of requisite tools to manage risk inherent in innovation process Timing uncertainty a. Lack of information in the early phases of innovation b. Ambiguity of information in the late phases of innovation c. Temporal complexity Consequence uncertainty a. Indirect consequences b. undesirable consequences c. unintended consequences