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Leading Risk Management Determinants of Small and Medium-Sized Enterprises (SMEs): An Exploratory Study in Poland

In: Entrepreneurship, Business and Economics - Vol. 1

Author

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  • Gorzeń-Mitka Iwona

    (Czestochowa University of Technology)

Abstract

Risk is inherent in all business functions and in every kind of activity. Small and medium-sized enterprises (SMEs) are a particularly vulnerable to continuously daily internal and external undesirable events that adversely affect for business performance. Among the disturbances, some are likely to create risks to the enterprises in terms of loss of production, manufacturing capability, human resource, market share and economic losses. To deal with these risk determinants effectively, SMEs need a systematic method of approach to risk management. The focus of research was to identify risk management determinants of SMEs. This paper presents a set of risk management determinants in an SME in Poland.

Suggested Citation

  • Gorzeń-Mitka Iwona, 2016. "Leading Risk Management Determinants of Small and Medium-Sized Enterprises (SMEs): An Exploratory Study in Poland," Eurasian Studies in Business and Economics, in: Mehmet Huseyin Bilgin & Hakan Danis (ed.), Entrepreneurship, Business and Economics - Vol. 1, edition 1, pages 289-298, Springer.
    • Handle: RePEc:spr:eurchp:978-3-319-27570-3_23
    DOI: 10.1007/978-3-319-27570-3_23
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    Cited by:

    1. Jamaliah Said & Md. Mahmudul Alam & Razana Juhaida Johari, 2020. "Assessment of risk management practices in the public sector of Malaysia," International Journal of Business and Emerging Markets, Inderscience Enterprises Ltd, vol. 12(4), pages 377-390.
    2. Lenka Syrová & Jindřich Špička, 2022. "The Impact of Foreign Capital on the Level of ERM Implementation in Czech SMEs," JRFM, MDPI, vol. 15(2), pages 1-17, February.

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