Risk Management by Design: A Good Call or Too Ambitious Goal for SMEs?
The critical role of risk management in organizational success is highlighted, particularly for small and medium‑sized enterprises (SMEs) facing unique challenges due to limited resources. "Risk Management by Design" advocates integrating risk management into all facets of SME operations, aiding early identification, cost efficiency, and a competitive edge. Despite benefits, SMEs must navigate resource constraints to effectively balance risk and innovation.