Risk Management

Lever for SME Development and Stakeholder Value Creation

Risk Management

Edited by

Céline Bérard, University of Lyon (Lumière University Lyon 2), France
Christine Teyssier, University of Lyon (Jean Monnet University), France

ISBN : 9781786301659

Publication Date : November 2017

Hardcover 312 pp

135.00 USD



Risk management practices are growing both in number and complexity in businesses, notably driven by new regulatory standards that feature risk management at their core. Although large businesses are more likely to adopt a formal, holistic approach to risk management, the stakes are just as high for SMEs. Risk management in SMEs can contribute to a certain organizational, entrepreneurial and partnership dynamic which constitutes a real opportunity to evolve practices and improve performance.

The question is therefore to understand the ways in which risk management can be a lever for performance, value creation and innovation for SMEs. This book offers varied responses to this question by combining conceptual approaches, empirical illustrations and the associated managerial implications. It helps students, teachers and managers to better understand the stakes of risk management for the SMEs of today and the future.


Part 1. Risk Management, Governance and Stakeholder Value Creation.
1. Role of the Governance System?in Strategic Risk Management.
2. Integration of ISO 26000 International Standard?by SMEs: Toward a Better Understanding of Risks.
3. Managing SMEs’ Economic Dependence?Risks: in Favor of Disciplinary and Relational Governance.
4. Reputation Risk: Anticipation and Management of Reputation Failure.
Part 2. Risk Management as a Lever for ?Organizational Development.
Chapter 5. Proactive Management of Operating Risks: A Lever to Improve External Funding for SMEs ?
6. Risk Management: A Lever for? Organizational Change for SMEs?
7. Product Innovation in SMEs: Risk Identification Capacities.
8. Counterfeiting Risk Management for?SMEs and Industrial Subcontracting?Activities: A Literature Review.
Part 3. Risk Perception and Management by? the Manager-Entrepreneur.
9. Entrepreneurial Risk-taking and the Mentoring of Entrepreneurs: the Danger of Cognitive Biases.
10. From Necessity to Vulnerable Entrepreneur.
11. Entrepreneurial Approach in SMEs: Specificities, Vulnerabilities and Risks.
12. Perception Biases of Failure? Risk among SME Managers.

About the authors/editors

Céline Bérard is Assistant Professor of Management Sciences at the University of Lyon (Lumière University Lyon 2, France) and a member of the research laboratory Coactis. Her research focuses on risk management in SMEs and the strategic decision-making process in complex situations.

Christine Teyssier is Assistant Professor of Management Sciences at the University of Lyon (Jean Monnet University, France) and a member of the research laboratory Coactis. Her research concentrates on risk management and the financial problems associated with business development, particularly in an SME context.