literature based project that compares between Risk Management application in SME in different countries (ideally, comparing them to Saudi Arabia based SMEs).
The project aims to develop a product introduction framework that will help SMEs in Saudi Arabia reduce risk when introducing new products to the market. In order to achieve this the following objectives need to be met; 1. Identify and evaluate risk management tools and techniques available to SMEs 2. Understand and characterize the economic framework SMEs operate within in Saudi Arabia. 3. Develop a framework to manage risk for Saudi SMEs 4. Validate the effectiveness and applicability of the developed framework. Initial thoughts on Methodology Literature review will be done to understand the impact of risk management on the performance of SMEs, as well as how to properly implement it in SMEs. Additionally, a comparison between different practices of risk management around the world and in Saudi Arabia can be useful to understand how geographical, political, and economical aspects can affect risk management in SMEs.
