Risk Management Process For Micro Business Owners: A Study On Sales Agents And Producers

Risk management has become a necessity and requires a systematic consideration in decision-making processes of business. However, SMEs have limited resources to apply a formal risk management. Therefore, the thesis develops a practical and easy to use risk management process for micro businesses. Th...

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Main Author:	Hakimah Binti Hamir
Format:	Thesis
Language:	en_US
Subjects:	risk management micro business micro enterprises ISO 31000: 2018 SME small and medium enterprises focused group utilisation focused evaluation (UFE).
Online Access:	https://oarep.usim.edu.my/bitstreams/43b199d6-51fb-499e-bb17-db2f1bba1c03/download https://oarep.usim.edu.my/bitstreams/2115520a-004b-408a-a536-0eae7022096a/download https://oarep.usim.edu.my/bitstreams/0ce909a5-f91b-4c69-8c95-b6a77202d38c/download https://oarep.usim.edu.my/bitstreams/f314c71c-c820-4aa7-b04c-43e3c95ddaed/download https://oarep.usim.edu.my/bitstreams/696fc039-41b1-4de8-8dab-65710af96ac3/download https://oarep.usim.edu.my/bitstreams/6f8e14c7-126c-4649-8bde-2abda83e7f29/download https://oarep.usim.edu.my/bitstreams/e910cd0d-58de-4fa4-857e-77c53fa4d946/download https://oarep.usim.edu.my/bitstreams/a5f20130-9541-42ff-b7f6-783eb27b60c7/download https://oarep.usim.edu.my/bitstreams/74906f59-5474-42a4-ae31-c6c762e449b2/download
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id	my-usim-ddms-12389
record_format	uketd_dc
institution	Universiti Sains Islam Malaysia
collection	USIM Institutional Repository
language	en_US
topic	risk management micro business micro enterprises ISO 31000: 2018 SME small and medium enterprises focused group utilisation focused evaluation (UFE).
spellingShingle	risk management micro business micro enterprises ISO 31000: 2018 SME small and medium enterprises focused group utilisation focused evaluation (UFE). Hakimah Binti Hamir Risk Management Process For Micro Business Owners: A Study On Sales Agents And Producers
description	Risk management has become a necessity and requires a systematic consideration in decision-making processes of business. However, SMEs have limited resources to apply a formal risk management. Therefore, the thesis develops a practical and easy to use risk management process for micro businesses. The objectives of the thesis are to explore and analyse the risk management processes developed for businesses, to propose a risk management process for micro businesses using ISO 31000: 2018 Risk Management Guidelines as basis, and to evaluate the practical usability of the risk management process. The thesis uses a focused-group study approach. The subject of investigation is micro business owners. Data collection is done in two stages. At the first stage, an in-depth analysis of the literatures is done to achieve the first research objective. The outcome of the analysis is used to achieve research objective two, that is propose a risk management process for micro businesses. At the second stage, in-depth interviews with respondents are done to get feedbacks on the evaluation of the practical usability of the risk management process. The thesis uses utilisation-focused evaluation (UFE) to evaluate the practical usability of the risk management process developed for micro business. The thesis finds there are various types of risk management process developed by previous studies which all converge to the risk management process developed by ISO 31000: 2018. The risk management process developed for micro business has six steps that are establishing the business context, risk identification, risk analysis, risk evaluation, risk treatment, and monitoring and review. From the feedbacks of evaluation, the thesis produced a risk management process that is practical and easy to be used by micro business owners.
format	Thesis
author	Hakimah Binti Hamir
author_facet	Hakimah Binti Hamir
author_sort	Hakimah Binti Hamir
title	Risk Management Process For Micro Business Owners: A Study On Sales Agents And Producers
title_short	Risk Management Process For Micro Business Owners: A Study On Sales Agents And Producers
title_full	Risk Management Process For Micro Business Owners: A Study On Sales Agents And Producers
title_fullStr	Risk Management Process For Micro Business Owners: A Study On Sales Agents And Producers
title_full_unstemmed	Risk Management Process For Micro Business Owners: A Study On Sales Agents And Producers
title_sort	risk management process for micro business owners: a study on sales agents and producers
granting_institution	Universiti Sains Islam Malaysia
url	https://oarep.usim.edu.my/bitstreams/43b199d6-51fb-499e-bb17-db2f1bba1c03/download https://oarep.usim.edu.my/bitstreams/2115520a-004b-408a-a536-0eae7022096a/download https://oarep.usim.edu.my/bitstreams/0ce909a5-f91b-4c69-8c95-b6a77202d38c/download https://oarep.usim.edu.my/bitstreams/f314c71c-c820-4aa7-b04c-43e3c95ddaed/download https://oarep.usim.edu.my/bitstreams/696fc039-41b1-4de8-8dab-65710af96ac3/download https://oarep.usim.edu.my/bitstreams/6f8e14c7-126c-4649-8bde-2abda83e7f29/download https://oarep.usim.edu.my/bitstreams/e910cd0d-58de-4fa4-857e-77c53fa4d946/download https://oarep.usim.edu.my/bitstreams/a5f20130-9541-42ff-b7f6-783eb27b60c7/download https://oarep.usim.edu.my/bitstreams/74906f59-5474-42a4-ae31-c6c762e449b2/download
_version_	1812444687166865408
spelling	my-usim-ddms-123892024-05-29T18:32:23Z Risk Management Process For Micro Business Owners: A Study On Sales Agents And Producers Hakimah Binti Hamir Risk management has become a necessity and requires a systematic consideration in decision-making processes of business. However, SMEs have limited resources to apply a formal risk management. Therefore, the thesis develops a practical and easy to use risk management process for micro businesses. The objectives of the thesis are to explore and analyse the risk management processes developed for businesses, to propose a risk management process for micro businesses using ISO 31000: 2018 Risk Management Guidelines as basis, and to evaluate the practical usability of the risk management process. The thesis uses a focused-group study approach. The subject of investigation is micro business owners. Data collection is done in two stages. At the first stage, an in-depth analysis of the literatures is done to achieve the first research objective. The outcome of the analysis is used to achieve research objective two, that is propose a risk management process for micro businesses. At the second stage, in-depth interviews with respondents are done to get feedbacks on the evaluation of the practical usability of the risk management process. The thesis uses utilisation-focused evaluation (UFE) to evaluate the practical usability of the risk management process developed for micro business. The thesis finds there are various types of risk management process developed by previous studies which all converge to the risk management process developed by ISO 31000: 2018. The risk management process developed for micro business has six steps that are establishing the business context, risk identification, risk analysis, risk evaluation, risk treatment, and monitoring and review. From the feedbacks of evaluation, the thesis produced a risk management process that is practical and easy to be used by micro business owners. Universiti Sains Islam Malaysia 2021 Thesis en_US https://oarep.usim.edu.my/handle/123456789/12389 https://oarep.usim.edu.my/bitstreams/80c4185e-9ff7-4d29-b4dd-dd2187d11ac4/download 8a4605be74aa9ea9d79846c1fba20a33 https://oarep.usim.edu.my/bitstreams/43b199d6-51fb-499e-bb17-db2f1bba1c03/download ce21348ceb1e92e80c3ebf1f8d123b07 https://oarep.usim.edu.my/bitstreams/2115520a-004b-408a-a536-0eae7022096a/download 53abbfbed907671eb616cab1e747738e https://oarep.usim.edu.my/bitstreams/0ce909a5-f91b-4c69-8c95-b6a77202d38c/download d8ad1bcc5b8eced9bfdfab6116e380cc https://oarep.usim.edu.my/bitstreams/f314c71c-c820-4aa7-b04c-43e3c95ddaed/download 30eeb87a2debbd35e27e032fd9a3b8c1 https://oarep.usim.edu.my/bitstreams/696fc039-41b1-4de8-8dab-65710af96ac3/download 805c796c9c529aa295cdfc016d1d4c94 https://oarep.usim.edu.my/bitstreams/6f8e14c7-126c-4649-8bde-2abda83e7f29/download 4a2e644a19836d29e45ba9f5ab7f0951 https://oarep.usim.edu.my/bitstreams/e910cd0d-58de-4fa4-857e-77c53fa4d946/download 5a97ae7237d76df97fd18b6c32947080 https://oarep.usim.edu.my/bitstreams/a5f20130-9541-42ff-b7f6-783eb27b60c7/download 84c8be024a92212e4aa9a16827bda359 https://oarep.usim.edu.my/bitstreams/74906f59-5474-42a4-ae31-c6c762e449b2/download 1eaefb56cb31a24051cf7d09763c6388 https://oarep.usim.edu.my/bitstreams/e7a28e9e-d116-48de-83de-59443c72c092/download 68b329da9893e34099c7d8ad5cb9c940 https://oarep.usim.edu.my/bitstreams/8a5756d4-2b75-4bba-8fa2-032c53da5175/download 1df50ed27a2301c58bca5f69fc5ee170 https://oarep.usim.edu.my/bitstreams/c983a947-fcd9-442c-8518-7794cd534ada/download 9429a0186f01fd5a9de1f61ee475aef7 https://oarep.usim.edu.my/bitstreams/b3464be6-5641-44a7-8728-0e29d3018bea/download b0025396bccbc617336c50a49b29eb89 https://oarep.usim.edu.my/bitstreams/c6e8cd1f-5851-4e8c-8f7a-58a10a87e4bf/download fa115e3fb3fbdd4e52cf923b14367a3f https://oarep.usim.edu.my/bitstreams/e074362a-1d39-4b2b-8776-93f4803c108b/download 945f2d02d92a9da6fe176e0b42eda3a0 https://oarep.usim.edu.my/bitstreams/67618666-3cd8-4268-9353-976a97e43a63/download 3794bf4b015c0548f7bfe75eb15c850c https://oarep.usim.edu.my/bitstreams/899f12a3-d7cb-4534-a3dd-523e8613b62f/download 31d99019ecad2825ffe704e993955125 https://oarep.usim.edu.my/bitstreams/2b1ecb3c-0b9d-4703-9ce6-392f13b03c7b/download 6686ac93fb8bd8c682c734f6a8835f81 risk management, micro business, micro enterprises, ISO 31000: 2018, SME, small and medium enterprises, focused group, utilisation focused evaluation (UFE).

Risk Management Process For Micro Business Owners: A Study On Sales Agents And Producers

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