Business Administration, Management, and Operations Commons^™

The Current State Of Risk Management In Italian Small And Medium-Sized Enterprises, Selena Aureli, Federica Salvatore

selena aureli

Risk management literature mainly refers to large companies. When it focuses on SMEs, risk management seems to be unstructured, reactive and solely in the hands of owner-managers. Further investigation is necessary, especially in Italy where SMEs are the backbone of the country. This research aims to identify the most important risks, SMEs’ risk management organization, process and approach, as well as drivers, obstacles and benefits of a holistic risk management implementation. Ten case studies indicate that Italian SMEs are aware of the benefits of implementing holistic risk management practices, but constraints seem to be stronger than drivers. Companies are particularly …