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The impact of innovation and financeon the competitiveness of smes
The objective of this research was to analyze the impact that innovation and finance has on the competitiveness of smes. Technological advances and globalization have largely changed the business market, making it necessary for smes to be one step ahead. This is achieved through innovation and good management of the company resources, through the technology, the necessary machinery and properly trained human capital can quickly respond to the needs that arise in the market. In the methodology of this research, a qualitative approach was implemented where the impact of the different dimensions that are closely related to the impact of the innovation and finance variables on the competitiveness of organizations could be analyzed through magazines, articles and other bibliographic sources. It was concluded that, for
an sme to be competitive, it must have extensive knowledge of the market, of itself and of the competition in order to be at the forefront. Likewise, the impact of innovation and finance is relevant, which. It directly affects business processes, making it more profitable and with an advantage over the competition.
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