Bibliographic review regarding the development of administrative-financial competencies and strategies at global, regional and local levels

Authors

DOI:

https://doi.org/10.47606/ACVEN/PH0314

Keywords:

Entrepreneurship, strategic planning, financial management, value creation

Abstract

Youth entrepreneurship faces challenges due to a lack of administrative and financial skills. Acquiring strategic competencies is crucial to generate value, ensure sustainability, and adapt to economic changes in a globalized environment. The main objective of this article is to review academic literature on the development of administrative and financial skills and strategies in entrepreneurship at global, regional, and national levels. Through a documentary literature review, this article analyzes administrative and financial competencies in entrepreneurship across these levels, assessing the implementation of these skills in various business contexts and generating discussions and conclusions on their impact on business management. The review included books, articles, and academic projects to ensure the reliability and relevance of the information to the topic. Globalization drives companies to innovate and adopt essential administrative and financial strategies to achieve competitiveness and sustainable growth. Administrative management organizes and optimizes resources, while financial management strengthens leadership and profitability. Competitive strategy enables companies to confront their environments, and strategic planning facilitates decision-making and the development of innovative products. Finally, value creation through intangible assets and the use of key performance indicators secures a competitive advantage and a strong market position today. In conclusion, technological, political, and economic changes require companies of all sizes to implement administrative and financial strategies to enhance their market position and competitiveness.

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Published

2025-01-27

How to Cite

Figueroa Peñafiel, W. E., & Zea Vallejo, D. A. (2025). Bibliographic review regarding the development of administrative-financial competencies and strategies at global, regional and local levels. Prohominum, 7(1), 57–64. https://doi.org/10.47606/ACVEN/PH0314

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