Article
Management risk factors in fishery enterprises
Fishery, like all agricultural enterprises, is fraught with a lot of risks and uncertainties. This paper discusses the role offisheries in the national economy, their significance and scope. Thereafter, the risk and uncertainties associated with the management decision-making process in general are discussed with specific emphasis on risk factors peculiar to fishery enterprises. These include the normal business risks, as well as those associated with vagaries of nature, mortality, accidents, price fluctuations, high perishability, and so on. Fish insurance schemes are proffered as a feasible solution, delving into agenda, problems and prospects. The introduction of fish insurance schemes would go a long way towards mitigating the risks to be borne by management, and would attract new entrepreneurs. The experiences of certain developedcountries that have successfully implemented the schemes, can be of immense benefit.