Processes slightly formal developed by the organizations to guide the entrepreneurial action and direction and to influence the behavior of people.
Published in Chapter:
Management Practices in Chaotic Environments of SMEs in Bogota
Carlos Mario Muñoz-Maya (La Salle University, Colombia), María Teresa Ramírez-Garzón (La Salle University, Colombia), and Rafael Posada Velázquez (RELAyN, Mexico)
Copyright: © 2021
|Pages: 19
DOI: 10.4018/978-1-7998-8185-8.ch004
Abstract
The purpose of this chapter is to analyze the management practices in chaotic environments followed by micro and small enterprises (MSEs) in Bogota, specifically in the neighborhoods of Candelaria, Bosa, Puente Aranda, and Tunjuelito to generate sales and profit. In order to accomplish the foregoing, a co-relation analysis is made among the management practices that can be implemented by MSEs in sales and profit when faced with chaotic environments. The management practices used as independent variables in this study were human resources management, market analysis, suppliers, direction management, finance, sales, production-operation, innovation, marketing, and entrepreneurial responsibility. The dependent variables considered were annual sales and profit.