Risk Management In SMEs
Agarwal, Riya (2010) Risk Management In SMEs. [Dissertation (University of Nottingham only)] (Unpublished)
Small and medium enterprises are the backbone for the development of the economy. They provide employment, contribute to GDP and an important source of revenue for the country especially India employing approximately 30 million people and generating 40% of the export surplus. However the SMEs have to face lot of operational risks- credit risk, liquidity risk, foreign exchange risk, interest rate risk, competition from the MNCs and foreign buyers. Despite the failure of several SMEs, those pulling the trigger can make them work if they manage these risks effectively and efficiently. Risk management helps to analyze the weak and uncover areas which hinder the organization so as to reduce its impact on the entire organization.
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