Abstract
Current trends in risk management emphasize approaches
where all risks related to the business operations are
viewed as one entity and the couplings between different
risks are understood. Small and medium-sized enterprises
(SMEs) would benefit from approaches that would integrate
risk management into other management processes e.g.
strategic planning, quality or operational management.
This paper presents the findings from a literature review
and the results of studying the risk management process
at five Finnish SMEs. The paper discusses the main
motivating factors and management objectives for risk
management in SMEs. Conclusions on how risk management
should be integrated into the management and leadership
of SMEs are drawn.
| Original language | English |
|---|---|
| Title of host publication | Reliability, Risk and Safety |
| Subtitle of host publication | Theory and Applications |
| Editors | Radim Bris, Carlos Guedes Soares, Sebastián Martorell |
| Publisher | CRC Press |
| Pages | 401-406 |
| Volume | 1 |
| ISBN (Electronic) | 978-0-429-20650-4 , 0-203-85975-0 |
| ISBN (Print) | 978-0-415-55509-8 |
| DOIs | |
| Publication status | Published - 2009 |
| MoE publication type | A4 Article in a conference publication |
| Event | European Safety and Reliability Conference, ESREL 2009 - Prague, Czech Republic Duration: 7 Sep 2009 → 10 Sep 2009 |
Conference
| Conference | European Safety and Reliability Conference, ESREL 2009 |
|---|---|
| Country/Territory | Czech Republic |
| City | Prague |
| Period | 7/09/09 → 10/09/09 |
Keywords
- risk management
- strategic planning
- management frameworks
- SMEs