The Empirical Analysis of the System of Risk Management on Small and Medium-Size Enterprises

2015

Full text Open access: Gold Metadata (CSL-JSON)
DOI 10.5539/ass.v11n21p240
Data confidence 70 medium
How this score is calculated

It is built from checkable properties of the record itself: whether the article has a DOI, how many independent sources confirmed its data, whether the required fields are filled in, and how recent the latest confirmation is. Disagreement between sources and a missing identifier lower it. A value of 80 or above means the record was published without further checking; 60 to 79 means it is published at reduced confidence, with a manual check advisable. A record verified by an editor by hand is never pushed below 90 by a recalculation. This scores our data about the article, not the article itself.

Abstract

Risk management is an important element among the activities of small and medium-sized enterprises. It is necessary for SMEs to be able to effectively manage risks to survive in highly competitive conditions. Although there are positive dynamics of growth in the number of SMEs in Kazakhstan, statistics show unprofitability in their activities. The article shows an empirical method of analysis where 82 representatives of small and medium-size enterprises where interviewed. This article addresses the problems of SMEs in the sphere of trade, manufacturing, construction and services, which have been studied by the author in recent years and considers the role of external consultants in the risk management activities of SMEs.