Financial management model for the strengthening of the sustainability and growth process of SMES in the city of Tulcán.

Abstract

The research was conducted with the purpose of providing a proposal for sustainability and growth for SMEs in the city of Tulcan, based on a financial management model that involves administrative and financial processes aimed at improving the level of profits and investment decisions. Weak strategic financial management was determined, without adequate investment budgets and high risk in the leverage. Under these circumstances, a financial management model based on the Balance Scorecard is proposed, whose perspectives: financial, customer, internal processes, and, learning and development, contain the technical elements of a financial strategic planning that is articulated with the objectives of socially responsible economic growth.