SME RISK MANAGEMENT

SME Risk Management



SME Risk Management

Introduction

Business risks are a challenge for all businesses in a way that they hinder and threat the normal processes that are a part of business operations. There are various types of risks that fall under business risk management including inflationary risk, liquidity risk, legal risk, risk of catastrophe, reputation risk and other risks.

Discussion

Although risks are encountered by all businesses, SMEs and SMEs are the ones that are more affected by business risk compared to large-scale businesses. The reason is obvious; risk management is a complex task involving extensive spending and professional personnel, which ...