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Managing Risks in SMEs: A Literature Review and Research Agenda

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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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Series Title

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Call Number

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Publisher

: Journal of Technology Management & Innovation., 2013

Collation

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Language

English

ISBN/ISSN

0718-2724.

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Edition

Volume 8, Issue 3

Subject(s)

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Specific Detail Info

Keywords: risk management; enterprise risk management; smes; literature review. 12 Pages

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