Rethinking risk management in entrepreneurial SMEs: towards the integration with the decision-making process

Crovini, Chiara; Santoro, Gabriele; Ossola, Giovanni

doi:10.1108/md-10-2019-1402

Cited by 54 publications

(60 citation statements)

References 81 publications

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“…The lack of adequate refinement of risk management procedures in, among others, Polish enterprises was also indicated in the research by , where the reason for this state of affairs was given, among others, in the inappropriate attitude of managers to risk, as well as their lack of knowledge and experience in risk management. These results are also consistent with the studies by Crovini et al (2020), where it was indicated that the risk management process was not always formalized, but an unconscious, intuitive risk analysis was always performed. In turn, studies by Britzelmaier et al (2015) carried out on German companies proved that risk management was most often used by large entities, therefore the use of this process in small and medium-sized enterprises played a minor role.…”

Section: Discussionsupporting

confidence: 91%

The attitudes of entrepreneurs of the small and medium-sized enterprises sector in Poland to key business risks

Dankiewicz

Ostrowska-Dankiewicz

Bulut

2020

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Research background: The risk management process is a key element in running a business. Moreover, it is basically one of the basic and most important internal processes in any company, regardless of its size. However, due to the extremely important role played by small and medium-sized enterprises in the economy, the problem of proper management of endogenous and exogenous risks becomes particularly important. Purpose of the article: The article aims to show the importance of risk management in the operations of modern enterprises in the SMEs sector and the attitudes of entrepreneurs towards key business risks. Methods: The research was based on data on 332 enterprises from the SMEs sector operating in Poland. The data was collected using the CSAQ method in the period from 12 of November 2019 to 9 of March 2020. The distribution of risk assessment in the studies was analysed using Tau Kendall statistics, while the risk management index was created by examining the attitudes of entrepreneurs towards individual risk factors. Findings & Value added: The results of the survey showed that three-quarters of enterprises did not manage risk in a formalized way and that decision-makers in enterprises often paid too little attention to the issues related to managing different types of risk. The article should, therefore, draw the attention of managers to the need to build appropriate procedures to enable effective risk management that creates opportunities for the safe operation of the enterprise. The added value of the work is a detailed analysis of the management of individual types of endogenous and exogenous risks, as well as an indication of what features of enterprises affect the effectiveness of actions taken in the field of controlling these risks. Research is valuable because of the small amount of studies that links managers' approaches to risk management with actual risk management effectiveness.

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Section: Discussionsupporting

confidence: 91%

The attitudes of entrepreneurs of the small and medium-sized enterprises sector in Poland to key business risks

Dankiewicz

Ostrowska-Dankiewicz

Bulut

2020

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“…Secondly, exposure of two emerging themes; 1) decision-making process and their relation with SMEs stakeholders, and 2) knowledge about environmental themes as materials and resources, presenting their difference between the countries. These aspects require more study at the local level, can complement and enhance ES (Crovini et al 2020). Finally, the comparative analysis demonstrates the relevance of institutional context and the environmental legislation's potential effects in these mentioned aspects, especially CSR (Graafland and Smid 2017).…”

Section: Theoretical Contributionsmentioning

confidence: 93%

Environmental sustainability and their factors in SMEs: A multiple case study of Spain and Chile

Pinuer¹,

Valenzuela-Fernández²,

Andreu³

et al. 2022

cuadernosgestion

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Environmental Sustainability (ES) is a growing concern for society’s development while identifying companies’ need to define sustainability-based strategies. Small and medium-sized enterprises (SMEs) have an essential role; generating more than 60% of employment in Europe and Latin America. Numerous research exists regarding large companies’ situation on environmental topics, yet little exists on SMEs at the practical and theoretical levels. Thus, determining the variables that affect the application of ES is very relevant. This study analyzes in-depth ES factors and drivers from the SMEs’ perspective, exploring the variables influencing their implementation in these companies. The methodology employed is in-depth interviews, applied to a sample of 17 SMEs in Spain and 25 SMEs in Chile. The main findings suggest that Entrepreneurial Orientation (EO), Customer Orientation (CO), and Corporate Social Responsibility (CSR) influence ES adoption in both countries, showing similarities in the driving reasons behind them, but with certain differences in their implementation (affected by institutional context influences). Furthermore, the level of knowledge affects decision-making related to the development of high-level environmental practices.

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“…De acordo com Tosi Jr. e Slocum Jr. (1984) não existe um modelo passível de ser considerado "melhor", mas existem maneiras de elaboração de um plano contingencial menos abrangentes ou difíceis de aplicação. Os autores ainda dissertam sobre a importância da adaptação da empresa diante do seu ambiente externo para que seja possível que planos de contingenciamento sejam criados e postos em práticas em momentos de turbulência (DRENNAN, 2006;CROVINI;SANTORO;OSSOLA, 2020;MCCONNELL).…”

Section: Gerenciamento De Crise E Planos De Contingência: Qual a Importância Em Micro E Pequenas Empresas?unclassified

COVID-19 e modelos de gestão nas micro e pequenas empresas: qual a melhor saída?

2021

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O cenário de pandemia provocado pela Covid-19 gerou impactos negativos em diversos países, sendo um dos maiores desastres dos últimos anos, não estando apenas relacionado com os sistemas de saúde, mas também com a economia. Com isso, as empresas brasileiras foram negativamente atingidas, principalmente as micro e pequenas que possuem grande representatividade no PIB do país e não possuem, em sua maioria, modelos de gestão e programas de gerenciamento de crises estruturados. Diante deste contexto, o presente ensaio teve como objetivo promover uma discussão sobre como os modelos de gestão melhor estruturados influenciam a passagem e a sobrevivência dessa categoria de empresas em momentos de crise e, assim, discorrer sobre a forma em que micros e pequenos empreendimentos poderiam reagir diante da crise provocada pelo Coronavírus. Após um processo composto por buscas de respaldos teóricos já consolidados, reflexões promoveram evidências de que uma possível “saída” para os micros e pequenos empreendimentos é a flexibilização nas tomadas de decisão, as quais deveriam focalizar na compreensão das necessidades dos clientes e em uma maior adesão à tecnologia. ABSTRACTThe pandemic scenario caused by Covid-19 has generated negative impacts in several countries, being one of the biggest disasters in recent years, not only related to health systems, but also to the economy. As a result, Brazilian companies were negatively affected, especially micro and small companies that have a large share of the country's GDP and do not have, usually, structured management models and crisis management programs. In this context, the present essay aimed to promote a discussion on how best structured management models influence the transition and survival of this company’s category in crisis times and, thus, discuss the way in which micro and small enterprises could react to the crisis caused by Coronavirus. After a process composed of searches for consolidated theoretical support, reflections promoted evidence that a possible “way out” for micro and small enterprises is flexibility in their decision making, which should focus on understanding the customers’ needs and on a greater adherence to technology.

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Rethinking risk management in entrepreneurial SMEs: towards the integration with the decision-making process

Cited by 54 publications

References 81 publications

The attitudes of entrepreneurs of the small and medium-sized enterprises sector in Poland to key business risks

The attitudes of entrepreneurs of the small and medium-sized enterprises sector in Poland to key business risks

Environmental sustainability and their factors in SMEs: A multiple case study of Spain and Chile

COVID-19 e modelos de gestão nas micro e pequenas empresas: qual a melhor saída?

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