Process Management and Its Financial Impact on Industrial Companies in Ecuador and Latin America

Guido Poveda-Burgos
Rafael Apolinario-Quintana
Manuel Avilés-Noles
Sonnia Molina-Orellana
David Ramos-Tomalá
Pedro Avilés-Almeida
Luis Moya-Alchundia
Galvarino Casanueva-Yánez

Abstract

This article analyzes process management and its financial impact on industrial companies in Ecuador and Latin America. Through a literature review and case analysis, process management practices, their benefits and challenges, and how these practices influence the financial results of companies are explored. It highlights the key aspects that contribute to improving operational efficiency and profitability, providing recommendations for successfully implementing process management in the industrial sector.

How to Cite

Guido Poveda-Burgos, Rafael Apolinario-Quintana, Manuel Avilés-Noles, Sonnia Molina-Orellana, David Ramos-Tomalá, Pedro Avilés-Almeida, … Galvarino Casanueva-Yánez. (2024). Process Management and Its Financial Impact on Industrial Companies in Ecuador and Latin America . EVOLUTIONARY STUDIES IN IMAGINATIVE CULTURE, 683–693. https://doi.org/10.70082/esiculture.vi.907