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Type :article
Subject :HC Economic History and Conditions
ISSN :2217-8309
Main Author :Gan, Pei-Tha
Additional Authors :Qubtan, Taha Redha Al
Fatimah Salwa Abd. Hadi
Norasibah Abdul Jalil
Norimah Rambeli @ Ramli
Title :Practical risk management approaches among small and medium enterprises
Place of Production :Tanjung Malim
Publisher :Fakulti Pengurusan dan Ekonomi
Year of Publication :2021
Notes :TEM Journal
Corporate Name :Universiti Pendidikan Sultan Idris
Web Link :Click to view web link
PDF Full Text :Login required to access this item.

Abstract : Universiti Pendidikan Sultan Idris
The focus on economic diversification has led to increased support for the establishment and development of SMEs by Omani government in order to contribute in GDP. Risk management has become a major challenge for SMEs in the country due to the lack of experience and knowledge. This research focuses on 'Risk Practical Management Strategies'adopted by SMEs to manage risk. The research is accomplished through a qualitative approach, gathered primary data through interviews and analyzed thematically to establish the trends and patterns in the data. The findings show that there is substantial awareness of the importance of risk management specially in financial and operational which are the key risks faced by businesses, coupled with reputational risk that is associated with the increased use of ecommerce. The RPMS are largely linked to training and developing awareness about risk among SMEs. ? 2021. Taha Redha Al Qubtan et al; published by UIKTEN. This work is licensed under the Creative Commons Attribution?NonCommercial?NoDerivs 4.0 License.


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