The Budget in the Financial Management of the SMEs Assisted by the Administrative Process as a Competitive Tool

Abstract

The life expectancy of micro, small and medium enterprises in Mexico according to official data is 6.9 years, a worrying fact considering that they generate more than 70% of the jobs in the country, thus having important participation in their economy. This research paper has the purpose of making an analysis of strategies that contribute to the productivity and competitiveness of SMEs, which positively impacts their life cycle. For this, the adoption of better administrative practices is proposed, such as the implementation of operational and financial budgets linked to the administrative process as a means to ensure an efficient and reliable process. The above hypothesis is based on field information collected in the present investigation.