FINANCIAL RISK MANAGEMENT IN SMALL AND MEDIUM ENTERPRISES
- Project Research
- 1-5 Chapters
- Quantitative
- Simple Percentage
- Abstract : Available
- Table of Content: Available
- Reference Style: Available
- Recommended for : Student Researchers
- NGN 5000
Abstract: FINANCIAL RISK MANAGEMENT IN SMALL AND MEDIUM ENTERPRISES
This study investigates the impact of financial risk management on the stability and growth of small and medium enterprises (SMEs). Objectives include identifying prevalent financial risks faced by SMEs, evaluating the effectiveness of current risk management strategies, and proposing enhancements to mitigate these risks. A survey research design is utilized due to its efficacy in gathering extensive data on risk management practices from a large sample of SMEs. Using Taro Yamane's formula, a sample size of 350 SMEs in Port Harcourt was determined, ensuring comprehensive coverage and reliability. The case study focuses on SMEs in the manufacturing sector, known for their vulnerability to financial risks. The reliability coefficient score of the survey instrument is 0.87, reflecting high reliability. The findings indicate that effective financial risk management practices are crucial for SME sustainability, with risk identification, assessment, and mitigation strategies showing significant positive impacts. It is recommended that SMEs invest in risk management training and tools to enhance their resilience against financial uncertainties.
Related Project Materials
ASSESSING THE IMPACT OF EARLY CHILDHOOD EDUCATION ON ACADEMIC ACHIEVEMENT GAPS
ABSTRACT: Assessing the impact of early childhood education on academic ac...
THE ROLE OF MINDFULNESS TRAINING IN REDUCING STRESS AMONG VOCATIONAL STUDENTS
Abstract: The role of mindfulness training in reducing stress among vocational students is...
The Effect of Crisis Management Strategies on Business Continuity in Fidelity Bank, Bauchi State
Background of the Study
Crisis management refers to the strategies and processes organizations employ...
An investigation of cultural events on brand identity: A study of a local arts festival in Kaduna
Background of the Study:
Cultural events have long been recognized as powerful platforms for enhancing brand identity, p...
An Assessment of Malnutrition and Child Growth Outcomes in Kano State
Background of the Study
Malnutrition remains a critical public health challenge in Nigeria, particularly in northern states like Kano, wh...
An Examination of the Role of Local Government in Disaster Preparedness in Sanga Local Government, Kaduna State
Background of the Study
Disaster preparedness is a critical component of governance, particularly at the local governmen...
Design and Implementation of IoT‐Based Smart Automated Greenhouse Irrigation in Minna LGA, Niger State
Background of the study:
Greenhouse irrigation is crucial for ensuring optimal crop growth and water conservation in agricu...
ASSESSMENT OF THE IMPLEMENTATION OF CHRISTIAN RELIGIOUS KNOWLEDGE CURRICULUM IN JUNIOR SECONDARY SCHOOLS IN NIGERIA
ABSTRACT
This study titled ―Assessment of the Implementation of Christian Religious Knowledge Curriculum in Junior Secondary Schools in K...
An Evaluation of the Role of Agritech Startups in Revolutionizing Nigerian Agriculture
Background of the Study
Agritech startups have emerged as dynamic players in transforming agriculture thro...
The Role of Internal Financial Controls in Fraud Prevention: A Case Study of First Bank Nigeria, Kebbi State
Background of the Study
Internal financial controls refer to the policies, procedures, and systems put in place by an organization to saf...
