Best Management Practices: SMEs’ Organizational Performance Management Based On Internal Controls in Mexico

Abstract

Best Management Practices: SMEs’ Organizational Performance Management Based On Internal Controls in Mexico Connie Atristain Suárez Abstract The paper aims to analyze the best management practices that may enable small and medium organizations in Mexico to achieve desired organizational performance. In order to do so, three important management focuses and three managerial practices are discussed independently and as a network to understand the implications of association and potential influence on SMEs’ organizational performance. Furthermore, the notion that internal controls are at the core of good and effective management practices is also thoroughly discussed. The paper opted for content analysis and a review of the literature. The paper provides a conceptual framework for small and medium sized enterprises (SMEs) to achieve organizational performance. It lays groundwork for the development and implementation of best management practices that could provide important opportunities for SMEs to enhance productivity and performance. It is essential that these firms select the management focus and detect the existing associations among managerial practices to build the capacity for strategic and efficient assessments to influence competitiveness. Full Text: PDF DOI: 10.15640/jibe.v4n2a5