The competitiveness of the micro, small and medium-sized enterprises through the management of their resources

Abstract

This article is the results of the documentary review of theorical foundations related to the competitiveness of the micro, small, and medium-sized enterprise (MSMEs) though the management of their resources. It is intended to show administrative theorical postulates that allow analyzing the importance and implementation of the different components of the business management, which contribute to optimize their resources, greater competitiveness and sustainability in the market. The methodological basis consisted in the bibliographic review of sources related to competitiveness and resources management, in books, scientific journals and doctoral theses, consultation in the subscribed databases of the National Autonomous University of Nicaragua, Managua (UNAN-Managua), the Central American repository of the National Council of universities (CNU), Google Academic, among others. In its development, it approaches the fundamentals of modern administration, the importance of business management to achieve competitiveness, focusing on resource management. The Administration of a company focuses on internal activities for the control and optimization of resources as well as external activities to develop strategies to take advantages of opportunities and counteract competitive actions. For this reason, owners and managers of the MSMEs should master and apply this knowledge to achieve greater competitiveness that leads to sustainability and business growth.