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Understanding the risk management practices used by MSMEs is crucial in order to ensure their long-term growth and survival. This study aims to determine the risk management practices among Micro, Small and Medium Enterprises (MSMEs) in the City of San Jose Del Monte, Bulacan which would be the basis for the risk assessment framework. One hundred MSMEs owners’ respondents were considered for this study which utilized quantitative approach and descriptive research design. A survey questionnaire determined how MSMEs deal with different risk they face and what practices they need to implement and lessen the risk that might have an impact on the achievement of their strategic goals. This study employed the percentage, mean, and analysis of variance. Market risks such as equity price, interest rate, foreign exchange, and commodity risks has been perceived by the respondents as the most likely or has a significant likelihood of encountering this challenge. The assessment of risk management practices reflected a positive outlook, with respondents generally agreeing on the effective implementation of key practices like enterprise risk management, objective setting, internal environment, monitoring, event identification, and information communication.
A Wed, study studied this question.