Exploring SMEs’ Risk Management in Southern Germany

Bernd Britzelmaier (), Susanne Schmidtmeier (), Carolin Weidler () and Chiara Crovini ()
Additional contact information
Bernd Britzelmaier: Pforzheim University
Susanne Schmidtmeier: Pforzheim University
Carolin Weidler: Pforzheim University
Chiara Crovini: University of Turin

Chapter 2 in The Changing Role of SMEs in Global Business, 2020, pp 15-42 from Palgrave Macmillan

Abstract: Abstract This study concentrates on the implementation of risk management practices in German SMEs, searching for new insights. The exploratory study follows a qualitative research approach to gain a clear picture of the phenomenon. Data and information were collected through semi-structured expert interviews with nine companies. Qualitative content analysis was applied to interpret the findings of the study. Limited financial resources, the increasing cross-sectoral dynamics of the risk landscape give SMEs a reason to consider risk management as a worthwhile investment in the future. For SME managers and owners, the research strengthens the fundamental role of risk culture, consciousness and knowledge, stressing the importance of improving employees’ and management’s skills, and enhancing the information and communication system within the organization.

Keywords: Risk management; SMEs; Expert interviews; Explorative study (search for similar items in EconPapers)
Date: 2020
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:pscchp:978-3-030-45831-7_2

Ordering information: This item can be ordered from
http://www.palgrave.com/9783030458317

DOI: 10.1007/978-3-030-45831-7_2

Access Statistics for this chapter

More chapters in Palgrave Studies in Cross-disciplinary Business Research, In Association with EuroMed Academy of Business from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().