Modeling The Impact of Operative Risk Management Factors on Smes Development: A Case Study of Kotri Site Area
Keywords:
Risk Management, Small and Medium Enterprises, Performance developmentAbstract
The necessity for encouraging entrepreneurs to start small firms has been recognized on global level by governments, who believe that development of small and medium enterprises will lower the high unemployment rate and propel the nation's economy toward sustainability. However, research suggests that in order to attain this goal, small company owners must learn and implement specific management methods, such as risk management, in order for their enterprises to last longer than the three to five years that are often predicted for their survival. This research examines and explains the context in which small businesses might use risk management strategies. The analysis reveals that in order to accomplish development and sustainability in their companies, few SME owners, managers, entrepreneurs, or key designated workers really apply a well-structured risk management instrument and approach.
https://doi.org/10.5281/zenodo.10257178
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