Influence of Risk Management Practices on the Performance of Small Micro Enterprises in Eldoret Town, Kenya

Idioma: inglés

Editorial: GRIN Verlag, GRIN Verlag Okt 2018, 2018

3668789347 / 9783668789340

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This item is printed on demand - Print on Demand Titel. Neuware -Research Paper (postgraduate) from the year 2018 in the subject Business economics - Miscellaneous, , language: English, abstract: Risk management focuses on adopting a systematic and consistent approach to manage all of the risks confronting organization. Risks distinctiveness applicable to SMEs in Kenya include: uncertain risk, a chance of loss, normally accidental, sudden and unforeseen. This uniqueness makes entrepreneurs to seriously think about risk, its impact on their businesses and how risk can be managed. It is therefore important to investigate the influence of risk management practices on performance of small micro enterprises. Five specific research objectives guided the study i.e. to identified the Components of risk in small and medium enterprises (SMEs, to examine the various kind of risk connected with SMEs, to identified risk management methods and techniques used to determine and monitor risks within SMEs, to determine the effect of risk management practices on SMEs performance and to identify impediment associated with risk management of SMEs in Eldoret. The descriptive research was employed in the study. The target population comprises of SME operators mainly drawn manufacturing, services and processing within Eldoret CBD. The sample for the study was selected using stratified random and simple random sampling methods. The research instruments were questionnaire, observation and interview. The data was analyzed using descriptive statistics (frequency tables), while correlation and regression analysis were used to test the hypotheses. The finding of the showed that very few SME owners, managers, entrepreneurs or key designated employees make use of risk management tools and techniques within their businesses, to achieve growth and sustainability. However, the majority agreed to the high importance of risk management in the success of a business enterprise. The findings of the study furthered revealed that leverage on financial structure, issue of collateral security, incapacity to go for technological advancement; tough competition and inadequate margin are among the risk associated with SMEs. The findings of the study furthered suggest that the risk management practice has a lot of effect on SMES performance. This study is significant since it is hoped the findings and recommendations of the study will assist the policy makers in the Ministry of Trade and Industry in making appropriate decisions.Books on Demand GmbH, Überseering 33, 22297 Hamburg 20 pp. Englisch.…

N° de ref. del artículo 9783668789340

Título
Influence of Risk Management Practices on the Performance of Small Micro Enterprises in Eldoret Town, Kenya
Autor
Latoya Cheptoo Berege
Editorial
GRIN Verlag, GRIN Verlag Okt 2018
Año de publicación
2018
Estado
Neu
Encuadernación
Taschenbuch
Idioma
inglés
ISBN 10
3668789347
ISBN 13
9783668789340
Peso del artículo
45 gramos
Dimensiones
210x148x2 mm

buchversandmimpf2000

Emtmannsberg, BAYE, Alemania

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Vendedor de IberLibro desde 23 de enero de 2017

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