Macklower Abisai Akoolo, Dr. Anthony Alexis


Despite their socio-economic value, Small and Medium Enterprises (SMEs) often operating on limited resources and margins, confront a dynamic and unpredictable business environment. The specific objectives of the research were to establish the influence of Risk hazards assessment, to determine the influence risk probability assessment and to evaluate Risk impact assessment on sustainability of small and medium enterprises in Kitui County, Kenya. The study's target demographic was all registered small and medium firms in Kitui Township, Kitui County, Kenya. The study specifically will target a single owner, staff, or employee of each of the township's 179 registered SMEs. The study used a sample size of 179 potential respondents using census as the sampling technique. The data acquired in this study was analysed quantitatively as well as qualitatively and the results and interpretations will be assembled. The quantitative data acquired from numerous close-ended items was categorized and evaluated. Coding constituted the assigning figures, numbers, or other indicators. The major statistical aid tool for estimating the predicted advising metrics outcomes was the SPSS version 22.0 program and excel sheets. Statistical tests such as regression, correlation was used to understand the in-depth association between the variables. The study concluded that the approach to risk assessment aims at gathering of relevant data and information and hence cannot be avoided nor underrated, risks probability assessment and risks impact analysis to understand how changes in specific assumptions or uncertainties affect the enterprise's risk exposure and performance, risk assessment in the firm begins by documenting the assumptions that underpin our enterprise's operations, strategies, and plans. This study recommends that the government and other policy actors as well as the managers in the sampled SMEs to collaborate or even find ways in which they can get training on risks assessment processes to as to correct the menace and leap benefits from their businesses.

Key Words: Risk Assessment, Risk Probability Assessment, Risk Impact Assessment, Risk Hazards Assessment, Smes Sustainability

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