Competitiveness and Financial Management in SMEs Hotel Businesses in Yucatan, Mexico

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Main Author: Antonio Emmanuel Pérez Brito
Format: Artículo científico
Language:en
Published: Universidad de La Salle 2021
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author Antonio Emmanuel Pérez Brito
author_facet Antonio Emmanuel Pérez Brito
contents Competitiveness and Financial Management in SMEs Hotel Businesses in Yucatan, Mexico Antonio Emmanuel Pérez Brito Martha Isabel Bojórquez Zapata Economía y Finanzas Yucatan competitiveness financial management Small and medium hotel enterprises Small and medium hotel enterprises in Yucatan represent an important sector for the economic development of the State. However, inadequate financial management leads to reduced profits and a short life expectancy for them. In the case of financial management in hotels, it is necessary to develop an indicator model that facilitates the reading of the results, of the financial situation of the hotels, and of the organization in general. It is necessary to obtain hard data that lead to making quick and forceful decisions in a timely manner. The objective of this study is to explain why a good financial management is a factor that greatly increases the competitiveness of organizations and that hotel financial management indicators are an instrument for measuring the different variables associated with organizational objectives, expressed in terms of some quantitative basis that defines the scope or achievement of the expected results. For this work, a bibliographical review of relevant articles from a range of authors was conducted. 2021 artículo científico 1692-7311 https://www.redalyc.org/articulo.oa?id=95776117008 https://www.redalyc.org/journal/957/95776117008/ https://www.redalyc.org/journal/957/95776117008/html/ https://www.redalyc.org/journal/957/95776117008/95776117008.epub https://www.redalyc.org/journal/957/95776117008/movil 10.19052/eq.vol1.iss37.8 en http://www.redalyc.org/revista.oa?id=957 Equidad & Desarrollo application/pdf Universidad de La Salle Equidad & Desarrollo (Colombia) Num.37
format Artículo científico
id redalyc_95776117008
institution Redalyc
language en
publishDate 2021
publisher Universidad de La Salle
spellingShingle Competitiveness and Financial Management in SMEs Hotel Businesses in Yucatan, Mexico
Antonio Emmanuel Pérez Brito
Economía y Finanzas
Yucatan
competitiveness
financial management
Small and medium hotel enterprises
Competitiveness and Financial Management in SMEs Hotel Businesses in Yucatan, Mexico Antonio Emmanuel Pérez Brito Martha Isabel Bojórquez Zapata Economía y Finanzas Yucatan competitiveness financial management Small and medium hotel enterprises Small and medium hotel enterprises in Yucatan represent an important sector for the economic development of the State. However, inadequate financial management leads to reduced profits and a short life expectancy for them. In the case of financial management in hotels, it is necessary to develop an indicator model that facilitates the reading of the results, of the financial situation of the hotels, and of the organization in general. It is necessary to obtain hard data that lead to making quick and forceful decisions in a timely manner. The objective of this study is to explain why a good financial management is a factor that greatly increases the competitiveness of organizations and that hotel financial management indicators are an instrument for measuring the different variables associated with organizational objectives, expressed in terms of some quantitative basis that defines the scope or achievement of the expected results. For this work, a bibliographical review of relevant articles from a range of authors was conducted. 2021 artículo científico 1692-7311 https://www.redalyc.org/articulo.oa?id=95776117008 https://www.redalyc.org/journal/957/95776117008/ https://www.redalyc.org/journal/957/95776117008/html/ https://www.redalyc.org/journal/957/95776117008/95776117008.epub https://www.redalyc.org/journal/957/95776117008/movil 10.19052/eq.vol1.iss37.8 en http://www.redalyc.org/revista.oa?id=957 Equidad & Desarrollo application/pdf Universidad de La Salle Equidad & Desarrollo (Colombia) Num.37
title Competitiveness and Financial Management in SMEs Hotel Businesses in Yucatan, Mexico
topic Economía y Finanzas
Yucatan
competitiveness
financial management
Small and medium hotel enterprises
url https://www.redalyc.org/articulo.oa?id=95776117008
https://www.redalyc.org/journal/957/95776117008/
https://www.redalyc.org/journal/957/95776117008/html/
https://www.redalyc.org/journal/957/95776117008/95776117008.epub
https://www.redalyc.org/journal/957/95776117008/movil