53 Is risk management important for small-to-medium-sized enterprises (SMEs)?

Some think that risk management is only for large corporations or global companies with huge investments and a massive workforce. But SMEs are also subject to risk, and often the personal resources of entrepreneurs are at stake. David explains how to tailor the risk approach to suit SMEs who may be very busy or have small budgets and limited time for “management overheads” like risk management.
This is the last video in the section on “Managing risk in business ” (#42-53). The next section (#54-69) covers the vital role of people in managing risk.