Abstract
This paper centers on the role and economic effect of the factors that affect the endogenous growth of organizations. To this end, it analyzes the case of Colombian companies, whose economy has been characterized in Latin America by maintaining a traditional economic policy and sectors that seek to maximize the opportunities offered by international markets. This study seeks to identify and analyze the factors that influence the endogenous economic growth of organizations and that allow them to be sustainable over time. For this purpose, adaptation algorithms based on fuzzy logics and supervised and unsupervised learning methods were used, generating an adaptation strategy that allows classifying and knowing the endogenous growth of companies in the Colombian context and identifying the most relevant aspects to take into account. Finally, it was found that most Colombian companies focus their business policies on strengthening human capital, followed by innovation, financial resources and, to a lesser extent, strategic alliances.
Highlights
The dynamics of the markets, and of the companies, has facilitated the development of processes that tend to strengthen the productive activity
It analyzes the case of Colombian companies, whose economy has been characterized in Latin America by maintaining a traditional economic policy and sectors that seek to maximize the opportunities offered by international markets
Thanks to the information provided by the survey conducted by DANE, it is clear that the endogenous progress of a developing country like Colombia requires better structuring in the areas of registration and control, since only 41% of the questions answered by the companies had enough information to generate a territorial comparison metric, this together with the volatile dynamics of growth that generate two main problems for the endogenous evolution of the territorial entities: first, the impossibility of establishing theoretical baselines to be applied to adjust analytical models for a specific context
Summary
The dynamics of the markets, and of the companies, has facilitated the development of processes that tend to strengthen the productive activity. Technology and education-related elements are incorporated to strengthen the processes, as evidenced in the research conducted by Pan et al [35], which indicates that in countries such as China, the number of higher education institutions at the provincial level has a positive impact on business innovation. In other countries such as Vietnam, investments in physical and human capital and technological progress are determinants of economic growth in that nation, as evidenced by the research of Grillo and Nanetti [18], who indicate that in emerging economies it is essential to implement growth policies related to physical and human.
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