How to Manage Big Risks in Small Enterprises

JournalIndustrie Management
Issue Volume 24, 2008, Edition 1, Pages 51-54
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Abstract

Many technology-driven small and medium sized enterprises (SMEs) face a delicate problem: How should they deal with risks associated with the dynamic changes in sales and supply markets? How to avoid missing out on technological advances? Which approaches for managing risks exist that suit the available resources of SMEs? Which risks can the company cope with, which ones are life-threatening? The presented practical example points out how a SME can successfully manage business risks.

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Solutions: Risk Management