Administrative management and its impact on the growth of Latin American SMEs

Abstract

In the business field it is common to see the birth of companies that expect, over the years, an exponential growth that allows them not only to remain active in the market; rather, that it position itself in a better position each time in the ranking of new entrepreneurial ideas that become stable sources of job creation, thus contributing to society and the country with the payment of their taxes. All this sounds wonderful, but there is a process that must be followed if, in the end, you want to reach that goal initially set. SMEs generate a significant contribution to the country's economy, many of these fail to complete their five years of operation. So, among these factors we can highlight the lack of organization and administrative management, the absence of a work plan and, being small companies, on certain occasions, they do not have the facility to obtain a loan as easily as it would be obtained by companies already formed or companies already positioned in the market. With this work we want to make known the importance of implementing that process mentioned above, called Administrative Management, which will give a slight idea of ​​how it develops, so that and who intervenes in its proper execution.