RISK Management in small and medium sized enterprises in the republic of kazakhstan

Аннотация

In a small work environment where every activity is wholly involved, directly affects each other and the business, management of one issue should go along and closely with the rest of operational issues. Risk man­ agement in a smalland medium sized business should not be an individual program but integrate withother management processes: business strategy planning, human resources management, financial management, and cus­ tomer relationship management. Risk management for a business of any sizes relates to systematically assessment and strategic response to threats. By their nature, small and me­ dium sized business owners are frequently entrepreneurs, successful and optimistic entrepreneurs. They have the tendency to be confident based on their success in establishing and leading the business, and it might be common for smallmedium sized business owners to put risk management plans down the list of priorities.