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General Risk Management Procedures in Small and Medium Enterprises - Research Proposal Example

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Generally out of the study on risk management the researcher intends to find out on several aspects about risk and risk management. The paper "General Risk Management Procedures in Small and Medium Enterprises" looks into risk management processes in commercial organisations of Saudi Arabia. …
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General Risk Management Procedures in Small and Medium Enterprises
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Download file to see previous pages Just by the mere fact that risks exist and are faced by every individual unit in the society in itself poses a threat to the existence of man. This is because man is always uncertain about the likelihood of success out of involvement before actually it occurs successfully. According to, (Adams, 1995), a risk is the likelihood of a loss in case a hazard takes place. Such fears are what propels us to look at risk in the general perspective, its nature, kinds of risks, how to handle them or even ways in which we can try to do away with such risks so that man lives in if not completely risk-free because this is not possible then at least at reduced levels of risk.
In this study we are headed towards studying of risks as per the risks faced by business organizations in general, also it's going to involve the study of the vast impacts of such risks and how to try minimizing the risks for the benefits of the businesses operations in terms of returns and reduced costs of operating such businesses. Risk management, in this case, is to be looked at through identification of the risks, looking for ways of assessing the risks in order to determine their intensity and then decision making on which ones the organization can do with and which are to must avoid so that the organization is able to maximize its chances or opportunities of maximizing business (Adams, 1995)
As stated clearly under the background of the study and clarified further under the research objectives it is very safe now to state that the major problem under investigation is to find out more about the policy on risk, the policies and tools of risk management. Therefore, the driving factor is risk and its uncertainty in business management. The researcher is obliged to find out through this research the difficulties as a result of risk and how such challenges can be done away with under the broad topic of risk management (Mugenda, 2005:89). This section of the proposal on risk management is to look in the various articles that address the evolution of risk through since man started thinking about the existence of a risk to date. It is also going to help us to identify fertile grounds for further active research on risk and risk management. ...Download file to see next pagesRead More
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