Productivity and economic growth of manufacturing SMEs in an Ecuadorian locality

Abstract

Background: This study examines the relationship between competitiveness, external growth, productivity, and communication in manufacturing SMEs in a Ecuadorian locality from the perspective of entrepreneurs. Methods: Quantitative methods and a Likert scale were employed, for which an instrument was generated, whose reliability was determined by surveys to collect data on the perceptions and opinions of SME owners and managers. Results: The results revealed an interdependence between competitiveness and SME consumption, as well as a crucial relationship between external growth and the GDP of these companies. Additionally, an essential connection was found between improving productivity and effective communication in SMEs. Conclusions: Consequently, the importance of SMEs focusing their efforts on improving competitiveness, considering internationalization strategies, and recognizing communication as a key component for their business success is highlighted. This study provides a comprehensive insight into the challenges and opportunities facing manufacturing SMEs, offering a solid foundation for future research and actions aimed at promoting their development and economic growth.