Small and Medium Enterprises (SMEs) play an important role across all industries and are the key contributor to the achievements in the national and global economies. The objective of this study is to investigate the effect of risk management awareness on financial performance of Small and Medium Enterprises (SMEs) in Oman by focusing on the relationship between the factors of risk management awareness towards the impact on financial performance in Oman. The study adopts a quantitative research approach using primary survey. Data in this study were collected via questionnaire which was administered to 400 respondents drawn from among Oman-based SMEs. The data analysis was conducted through a quantitative analysis involving descriptive analysis and One-Way Analysis of Variance (ANOVA). The findings of regression analysis showed significant effect of risk management decision on financial performance in Oman. The findings further showed a significant effect of risk management st.....

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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 C.....

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