Risk management in small- and medium-sized enterprises

Alquier, Anne-Marie; Tignol, M. H. Lagasse

doi:10.1080/09537280500285334

Cited by 72 publications

(39 citation statements)

References 4 publications

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“…Risk and risk mitigation is a major concern for all companies, especially small and medium sized enterprises which are particularly sensitive to business risk and competition (Alquier and Lagasse, 2006). Small to medium businesses are exposed to risks all the time and such risks can directly affect day-to-day operations, decrease revenue or increase expenses, an impact that may be serious enough for the business to fail.…”

Section: Risk Mitigation Strategiesmentioning

confidence: 99%

Risks Faced and Mitigation Strategies Employed By Small and Medium Enterprises in Nairobi, Kenya

Kagwathi¹,

Kamau²,

Njau³

et al. 2014

IOSRJBM

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The role Small and Medium Enterprises (SMEs) play in an economy cannot be over emphasized in both developed and developing countries and so their existence and survival is a concern not only to the governments but to scholars as well. In Kenya SMEs constitute a very important sector of economy employing majority of citizens. Majority of SMEs started die the same year due to risks, they face among other factors. This study identified capital market, customer relations, operational-economic, global view, and branding risks among others while main risk mitigation strategies were diversification, collaboration, insurance, and use of credits scorecards whereby 66% of SMEs used at least one of these strategies.

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Section: Risk Mitigation Strategiesmentioning

confidence: 99%

Risks Faced and Mitigation Strategies Employed By Small and Medium Enterprises in Nairobi, Kenya

Kagwathi¹,

Kamau²,

Njau³

et al. 2014

IOSRJBM

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show abstract

“…We can not avoid risk, but try to reduce its negative effect Lima, Chiara and Verbano, 2019). On the other hand, SMEs are more vulnerable to different kinds of risk than corporations, so they should be more engaged into risk management (Blanc Alquier and Lagasse Tignol, 2006). Despite this, SMEs are far from adopting a proactive risk management approach.…”

Section: Resultsmentioning

confidence: 99%

Selected aspects of risk management in Polish and Slovak SMEs

Havierniková¹,

Okręglicka²,

Kordoš³

2020

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The principles of risk management come to the forefront of managers of both large and small enterprises. The trend in risk management consists of a comprehensive approach to risk management that penetrates within all key processes in the enterprise. Although the small and medium sized enterprises (SMEs) become to the important pillars of each economy, the risk management in these entities is elaborated only partially. This is affected mainly by attitudes of SMEs' owners or managers to risks, the lack of knowledge and practical experience in applying risk management. This paper contributes to the wide spreading of knowledge in the area of risk management in SMEs. The main aim of the paper is to compare the selected aspects of risk management between Polish and Slovak SMEs. The compared aspects are: authority to risk management in SMEs, ways of risk identification and risk assessment as well as risk limiting. The research is based on the results of questionnaire survey realized among 150 of Polish and 123 of Slovak SMEs. For the evaluation, the Chi-square test was used.

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“…Therefore, there is need to manage risks by retaining and maintaining knowledge about past project risks in the form of informal or formal databases which then could be used in the future [25][26] . In a recent study, Kayis et al [27] developed a software tool to support risk management in multi-site, multi-partner concurrent engineering projects.…”

Section: Knowledge Based System (Kbs)mentioning

confidence: 99%

Development of SCRIS: A Knowledge Based System Tool for Assisting Organizations in Managing Supply Chain Risks

Karningsih

Kayis

Kara

2010

2010 IEEE 24th International Conference on Advanced Information Networking and Applications Workshops

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Today's Supply Chain (SC) network is operating in ever more complex and dynamic environments due to globalization, rapid technology development, more demanding customers, more sophisticated products/services and tougher competition. Outsourcing, smaller supply base, zero inventory and other approaches have been seen as enablers for handling these business challenges. However, these approaches make SC turn into a more complex and interdependent network which increases SC vulnerability to any disruption (risk). Supply Chain Risk Management (SCRM) is aiming at reducing SC network susceptibility. Risk identification is one of important step in SCRM. Most of the potential SC risks and most importantly their interrelationships should be recognized to ensure that organizations develop an appropriate SC risk mitigation strategy. Due to the nature and complexity of SC network, identifying risk becomes a highly challenging task for organizations. This paper presents the development of Knowledge Based -Supply Chain Risk Identification System (SCRIS) which gives assistance to organizations to manage risks in their SC network by recommending on two important issues: (1) SC potential risks, and (2) Interrelations of these potential risks.

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Risk management in small- and medium-sized enterprises

Cited by 72 publications

References 4 publications

Risks Faced and Mitigation Strategies Employed By Small and Medium Enterprises in Nairobi, Kenya

Risks Faced and Mitigation Strategies Employed By Small and Medium Enterprises in Nairobi, Kenya

Selected aspects of risk management in Polish and Slovak SMEs

Development of SCRIS: A Knowledge Based System Tool for Assisting Organizations in Managing Supply Chain Risks

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