Title Strategic management practices in Central American micro family enterprises: The case of the commercial sector in El Salvador
Authors Flores-Hernandez, Edwin R. , GARCÍA ALONSO, CARLOS, Hervas-Martinez, Cesar
External publication No
Means Manage. Decis. Econ.
Scope Article
Nature Científica
JCR Quartile 2
SJR Quartile 2
JCR Impact 2.20000
SJR Impact 0.41900
Web https://www.scopus.com/inward/record.uri?eid=2-s2.0-85126528075&doi=10.1002%2fmde.3607&partnerID=40&md5=c4bbae687392d0ff984cef01bb699c87
Publication date 20/03/2022
ISI 000770852900001
Scopus Id 2-s2.0-85126528075
DOI 10.1002/mde.3607
Abstract This paper analyses the characteristics of family microenterprises (San Salvador, El Salvador) regarding competitiveness, entrepreneurship, strategic design, decision-making process, and corporate governance practices. By applying clustering algorithms, it was possible to identify company profiles based on their strategic, entrepreneurial, and decision-making practices. Variables not used for clustering were analyzed to explain a microenterprise\'s inclusion in a profile. The goal of this research are to help policy makers and managers understand the behavior of family microenterprises in a very complicated socioeconomic environment and to guide policy design to promote more organized and competitive business structures in compromised socioeconomic situations.
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