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Image of Managing Risks in SMEs: A Literature Review and Research Agenda

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Managing Risks in SMEs: A Literature Review and Research Agenda

Chiara Verbano1 - Personal Name; Karen Venturini - Personal Name;

In times of crisis, companies need to carefully monitor current expenses and forecast potential costs, which could be
caused by risky actions. Risk is inherent in all business functions and in every kind of activity. Knowing how to identify risks, attribute a value and a priority scale, design actions and mechanisms to minimize risks, and continuously monitor them, are essential to guarantee companies’ survival and create sustainable value. This is especially true for small- and medium-sized businesses that are most exposed to the harmful effects of the risks, due to limited resources and structural features. The objective of this study is to analyze available literature on the subject of risk management for small- and medium-sized enterprises from 1999 to 2009. The analysis derives interesting characteristics from the scientific studies, highlighting gaps and guidelines for future research.


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Detail Information
Series Title
-
Call Number
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Publisher
: Journal of Technology Management & Innovation., 2013
Collation
-
Language
English
ISBN/ISSN
0718-2724.
Classification
-
Content Type
-
Media Type
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Carrier Type
-
Edition
Volume 8, Issue 3
Subject(s)
-
Specific Detail Info
Keywords: risk management; enterprise risk management; smes; literature review. 12 Pages
Statement of Responsibility
-
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