Risk Implementation Aid model for Technical factors in Developing Countries’ informal SME

Abstract

The implementation of risk management plays critical role in an organization. The majority of SMEs find difficult to establish it in their organization. As important tools, the risk management factors can be eigther social or technical. And since most of these informal SMEs focus more on the technical engineering aspect of the society, this paper looking to find the technical factors that could positively influence the implementation of risk management. The purpose of this paper is the development of a Risk Implementation Aid Model with critical factors and constructs to help the process of implementing risk management. In general, the research is looking to answer our research question: “What are the technical factors for the successful implementation of RM in informal SME?”