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This work presents a conceptual framework of business risk management for small & medium enterprises (SME) investing in China from a Singaporean perspective, drawing essence from the concepts on risk and uncertainty and established framework on project risk management (PRM). This integrated framework is developed on the concept of relative predictability and manageability/controllability of risks which are delineated into four major types of risk. Singaporean based case studies are used to provide evidence to support the development and application of the risk management model.
Yeo et al. (Wed,) studied this question.