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Unveiling the Future of Enterprise Risk Management for Small Businesses

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Review on the Development of Enterprise Risk Management
Yanfei Deng, Huichao Liu, Xulian Xie, Lei Xu

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The article reviews the history and importance of managing risks in businesses. It discusses how enterprises face various risks and need to manage them effectively. The paper looks at the definition of risk and how risk management has evolved over time. It also outlines the steps involved in managing risks and suggests future directions for enterprise risk management. The goal is to help small and medium-sized businesses improve their risk management practices.