Navigating Risks in SMEs: Requirements, Challenges, and Strategic Solutions
Menavigasi Risiko di UKM: Persyaratan, Tantangan, dan Solusi Strategis
DOI:
https://doi.org/10.21070/ups.9629Keywords:
Risk Assessment, SMEs, Risk Management, Systematic Literature ReviewAbstract
Small and Medium Enterprises (SMEs) face various threats that require a systematic risk assessment to ensure business sustainability. This study aims to analyze the research landscape on risk assessment in SMEs through a Systematic Literature Review (SLR) to identify its importance, challenges, requirements, and available solutions. The research method employed is an SLR analysis of 61 systematically selected Scopus-indexed articles, supported by bibliometric analysis using VOSviewer. The findings indicate that risk assessment is a strategic element for sustainability and innovation, yet its implementation is hindered by internal resource limitations and external market uncertainty. Key requirements include enhancing managerial capabilities and adopting adaptive frameworks. The most prominent solutions involve the utilization of digital technologies like machine learning and structured policy support. This research contributes by synthesizing fragmented research clusters into a holistic view of the risk assessment model in SMEs.
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