{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2025,5,14]],"date-time":"2025-05-14T02:29:37Z","timestamp":1747189777404,"version":"3.40.5"},"reference-count":63,"publisher":"World Scientific Pub Co Pte Ltd","issue":"03","funder":[{"name":"CESI Campus Saint-Nazaire"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["Int. J. Info. Tech. Dec. Mak."],"published-print":{"date-parts":[[2021,5]]},"abstract":"<jats:p> Small and medium-sized enterprises (SMEs) are the spine of the European economy and play a key role in adding value in all sectors of the economy. However, due to a lack of methodology and time, SME entrepreneurs struggle to formalize their strategies and too often remain ill-prepared to face today\u2019s potential crises. This paper aims to propose a Risk Management (RM) tool to identify and assess the impact of risks on specific business strategic dimensions. The hypotheses and robustness of the model are tested using Monte Carlo simulation. The analysis shows that a reduced strategic risk matrix (size [Formula: see text]) could provide the same quality of information as a full strategic risk matrix (size [Formula: see text]) in about 80% of the cases, regardless of the weight of each criterion and the values of each risk factor. The results extend the limited use of RM tool in the field of SME Risk Management. <\/jats:p>","DOI":"10.1142\/s0219622021500255","type":"journal-article","created":{"date-parts":[[2021,4,13]],"date-time":"2021-04-13T17:17:56Z","timestamp":1618334276000},"page":"987-1009","source":"Crossref","is-referenced-by-count":3,"title":["A Novel Multi-Criteria Risk Matrix to Assist in the Strategy Formulation Process: The Case of SMEs"],"prefix":"10.1142","volume":"20","author":[{"ORCID":"https:\/\/orcid.org\/0000-0002-8819-8001","authenticated-orcid":false,"given":"Jean-Marc","family":"Vasnier","sequence":"first","affiliation":[{"name":"Cesi Campus Saint-Nazaire, 1 Bd de l\u2019Universit\u00e9, CS 70152, F-40603 Saint-Nazaire, France"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Mourad","family":"Messaadia","sequence":"additional","affiliation":[{"name":"Lineact Cesi Campus Rouen, F-76808 Saint Etienne de Rouvray, France"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Nicolas","family":"Maranzana","sequence":"additional","affiliation":[{"name":"Arts et Metiers Institute of Technology, LCPI, HESAM Universit\u00e9, F-75013 Paris, France"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Ameziane","family":"Aoussat","sequence":"additional","affiliation":[{"name":"Arts et Metiers Institute of Technology, LCPI, HESAM Universit\u00e9, F-75013 Paris, France"}],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"219","published-online":{"date-parts":[[2021,4,12]]},"reference":[{"volume-title":"Contemporary Strategy Analysis, Text and Cases Editions","year":"2016","author":"Grant R.","key":"S0219622021500255BIB002"},{"key":"S0219622021500255BIB003","doi-asserted-by":"publisher","DOI":"10.1108\/JRF-06-2014-0079"},{"key":"S0219622021500255BIB004","first-page":"340","volume-title":"Communications in Computer and Information Science","author":"Pereira L.","year":"2015"},{"key":"S0219622021500255BIB005","doi-asserted-by":"publisher","DOI":"10.14254\/2071-8330.2018\/11-1\/6"},{"key":"S0219622021500255BIB006","doi-asserted-by":"publisher","DOI":"10.1016\/j.ijproman.2013.05.009"},{"issue":"113","key":"S0219622021500255BIB007","volume":"11","author":"Kraja Y. 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