Indian Journal of Science and Technology
Year: 2018, Volume: 11, Issue: 25, Pages: 1-6
Alex Raad Pardo1 *, Ignacio Barrios Parejo2 , Leonardo Niebles Núñez2 , WiliamNieblesNúñez3 and Hugo Hernández Palma2
1 Corporación universitaria Minuto de Dios Regional, Bogotá, Colombia; [email protected]
2 Universidad del Atlántico, Atlántico, Colombia; [email protected], [email protected], [email protected]
3 Universidad de Sucre, Sucre, Colombia; [email protected]
*Author for correspondence
Alex Raad Pardo,
Corporación universitaria Minuto de Dios Regional, Bogotá, Colombia; [email protected]
Objective: Evaluate the use of financial analysis tools in SMEs as a mechanism to achieve higher levels of competitiveness. Methodology: For the analysis, a quantitative research was applied, which a Lickert type survey applied to 40 busines spersons from the city of Barranquilla, selected intentionally, supported and who voluntarily and covered by the law of habeas data participated in the research. Recommendation: The concluding observations indicate that SMEs have not been using financial planning mechanisms, which largely corresponds to the levels of training of business leaders. The reflections also suggest that it is important to bring SMEs closer to the promotion and training organizationsin order to achieve results that are more favorable. Conclusion: In the final part, it can be said that SMEs grow largely thanks to the intuition of their leaders, but not because of organized financial planning, which can lead to scenarios of uncertainty or loss of resources.
Keywords: Competitiveness, Entrepreneurship, Financial Planning, SMEs
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