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- W2186938897 abstract "Regardless of whether a small and medium enterprise (SME) is public, private, or other, risk is inherent in any undertaking. Blomback and Wiklund (1999) have shown that rapid growth entrepreneurs engage in specific risks and avoid others. That is, rapid growth entrepreneurs are selective at what risks they accept. The challenge then is to be able to effectively manage these risks. All organizations – even multinational corporations – are ultimately composed of elements that may be viewed as SMEs. Hence, the approaches used by large organizations to manage risk might well apply equally to smaller organizations. This concept is explored and it is suggested that once the specific context of a SME is understood, risk management becomes a matter of applying a common formula. This paper is written for those entrepreneurs interested in optimizing the risk they accept while pursuing rapid growth. By understanding the process at the core of the pursuit, context will become apparent, risks easy to define, analyze and quantify, and measures commensurate with those risks will naturally follow to efficiently and effectively manage risk." @default.
- W2186938897 created "2016-06-24" @default.
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- W2186938897 date "2006-01-01" @default.
- W2186938897 modified "2023-09-24" @default.
- W2186938897 title "Appropriate Risk Behaviour for Rapid Growth Entrepreneurs" @default.
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