Financial Planning and Profitability in the company CFC CAFARCOL S.A.S.
DOI:
https://doi.org/10.15665/dem.v21i1.3615Keywords:
Financial planning, Profitability, value creation, financial modeling, business failureAbstract
Financial planning is a management tool that creates value by evaluating the strategies and plans to be developed by an organization, based on projected financial statements following the strategic plans and indicators that measure the creation of value. Therefore, the purpose is to analyze the relationship between financial planning and profitability in the company CFC CAFARCOL S.A.S., in the period 07/16/2021 until 12/01/2021, after a period between 2016 and 2021 where its performance deteriorated operational performance with increases in sales and distribution expenses and deficiencies in sales costs to support said growth and, in the process, destroyed value. For this, a mixed descriptive-correlational approach methodology was used, with an analytical method. Additionally, a content analysis was carried out.
References
Al Hussaini, A. N. (2019). Organizational management through strategic planning and financial practices: An empirical assessment from business firms of Kuwait. Management Science Letters, 9(5), 713–726. https://doi.org/10.5267/j.msl.2019.2.001
Amankwah‐Amoah, J., & Wang, X. (2019). Business Failures around the World: Emerging Trends and New Research Agenda. Journal of Business Research, 98, 367–369.
Arasa, R., & K’Obonyo, P. (2012). The relationship between strategic planning and management development. International Journal of Humanities and Social Science, 2(22), 201–213.
Aristizabal, N., Ariza, C., Cardenas, O., & Lozada, H. (2017). La planeación financiera como herramienta a largo plazo del mejoramiento financiero. 82.
Aristizabal, N., Ariza, C., Cárdenas, O., & Lozada, H. (2017). LA PLANEACION FINANCIERA COMO HERRAMIENTA A LARGO PLAZO DEL MEJORAMIENTO FINANCIERO.
Azarenkova, G., Pasko, T., Golovko, O., & Kovalchuk, Y. (2017). Financial planning and improving of its methods. Accounting and Financial Control, 1(1), 39–47. https://doi.org/10.21511/afc.01(1).2017.05
Čalopa, M. (2017). Business owner and manager’s attitudes towards financial decision-making and strategic planning: Evidence from Croatian SMEs. Management (Croatia), 22(1), 103–116. https://doi.org/10.30924/mjcmi/2017.22.1.103
Castro, G. (2018). Supervivencia de las MiPyme: un Problema por Resolver. Semana Económica, 14.
CFC CAFARCOL S.A.S. (2022). Premio Colombiano a la Calidad para la Exportación. https://cafarcol.com.co/uncategorized/premio-colombiano-a-la-calidad-para-la-exportacion/#:~:text=CFC Cafarcol%2C Premio Colombiano a,Industria y Comercio e Icontec.
Chacón, Galia. (2007). La contabilidad de costos, los sistemas de control de gestión y la rentabilidad empresarial. Actualidad Contable Faces, 10(15), 29–45. http://www.redalyc.org/articulo.oa?id=25701504
Commerce Institute. (2022). What Percentage of Small Businesses Fail Each Year? Fewer Than You Think. https://www.commerceinstitute.com/business-failure-rate/
CONFECAMARAS. (2018). NUEVOS HALLAZGOS DE LA SUPERVIVENCIA Y CRECIMIENTO DE LAS EMPRESAS EN COLOMBIA. In Journal of Physics A: Mathematical and Theoretical (Vol. 2, Issue 0). https://doi.org/10.1088/1751-8113/44/8/085201
Contreras, N., & Díaz Edith. (2015). 7. Estructura Financiera y Rentabilidad - Origen Teorias y definiciones. Revista Valor Contable, 2, 35–44.
Duarte, M. (2019). Indicadores financieros que denotan el fracaso empresarial en las Mipymes bogotanas del sector servicios. Universidad Nacional de Colombia.
EMIS. (2022). INFORME CFC CAFARCOL S A S (COLOMBIA).
Erraez, M. (2014). Propuesta de un modelo de gestión financiera para la empresa Bioagro ubicada en la ciudad de Cuenca.
Gamez Tellez, A. M., Morales Bautista, M. C., & Ramirez Lopez, C. T. (2018). Estado del arte sobre problemáticas financieras de las pymes en Bogotá, Colombia y América Latina. Económicas Cuc, 39(2), 77–94. https://doi.org/10.17981/econcuc.39.2.2018.05
GARAVITO HERNÁNDEZ, Y., RUEDA GALVIS, J. F., & VÁSQUEZ CAPACHO, J. W. (2021). Business Survival, a Literary Review of Internal and External Determinants. Criterio Libre, 18(32), 261–279. https://doi.org/10.18041/1900-0642/criteriolibre.2020v18n32.7122
Gaviria, S., Varela, C., & Yánez, L. (n.d.). Indicadores de rentabilidad: su aplicación en las decisiones de agrupamiento empresarial.
Gomera, S., Chinyamurindi, W. T., & Mishi, S. (2018). Relationship between strategic planning and financial performance: The case of small, micro-and medium-scale businesses in the Buffalo City Metropolitan. South African Journal of Economic and Management Sciences, 21(1). https://doi.org/10.4102/sajems.v21i1.1634
Gourinchas, P.-O., Kalemli-Ozcan, S., Penciakova, V., & Sander, N. (2020). Covid-19 and business failures. Global Forum on Productivity, 1–27.
Grozdanovska, V., Bojkovska, K., & Jankulovski, N. (2017). Financial Management and Financial reporting. European Journal of Business and Management, 9(2), 120–292.
Henriquez-Fuentes, G. R., Cardona-Arbeláez, D. A., Paternina-Arboleda, C., & León-González, A. (2018). Medición para cadenas de suministro bajo indicadores claves de desempeño (KPI) y tecnologías de información. Dictamen Libre, 2(23), 61–74. https://doi.org/10.18041/2619-4244/dl.23.5147
İBİcİoĞlu, H., Kocabiyik, T., & DalĞar, H. (2010). FINANCIAL STATEMENT UTILIZATION DURING DECISION MAKING PROCESS IN SMEs: A COMPARATIVE STUDY ON EUROPEAN AND TURKISH MANAGERS. KOBİLERDE Karar AlmaSüreci̇ndeFi̇nansal Tablolarin Kullanimi: Avrupali Ve TürYöneti̇ci̇lerÜzeri̇ne KarşilaştirmaliBi̇r Araştirma., 28(1), 209–226.
Itaú. (n.d.). Gestión financiera.
Jayasekara, B. E. A., Fernando, P. N. D., & Ranjani, R. P. C. (2019). Business failure of small and medium enterprises - A Review. Journal of Management, 15(1).
Jiménez, J., Rojas, F., & Ospina, H. (2013). Resumen : Resumo : FINANCIAL PLANNING : A MANAGEMENT MODEL IN MSMEs Abstract : Face, 13, 137–150.
Morillo, M. (2001). Rentabilidad Financiera y Reducción de Costos. In Actualidad Contable FACES. Año (Vol. 4, Issue 4).
Organización de las Naciones Unidas. (2022). Objetivo 9: Construir infraestructuras resilientes, promover la industrialización sostenible y fomentar la innovación. https://www.un.org/sustainabledevelopment/es/infrastructure/
Peña, G. (2018). Aproximación y análisis de las variables determinantes del fracaso de la pequeña empresa en Colombia. Universidad La Gran Colombia.
Ramírez-Casco, A., Berrones-Paguay, A., & Calderón-Moran, E. (2021). La planificación financiera como herramienta para el desarrollo empresarial post Covid. Pol. Con., 6(3), 217–227.
Romero González, Z., Lora Guzmán, H. S., & Morelos Gómez, J. (2020). La gestión de las compensaciones como estrategia para la retención, la eficiencia y la eficacia del talento humano: caso de estudio método HAY (Sistema de escalas y perfiles de valoraciones de puestos). Dictamen Libre, (27), 87–98. https://doi.org/10.18041/2619-4244/dl.27.6645
Valle Núñez, A. P. (2020). Financial planning a key tool for achieving business objectives. Universidad y Sociedad, 12(3), 160–166.
Vega, A., & Garzón, R. (2020). Determinantes financieros del fracaso empresarial en Colombia. In Liquid Crystals (Vol. 1, Issue 0). Universidad EAFIT.
Walsh, G. S., & Cunningham, J. A. (2016). Business failure and entrepreneurship: Emergence, evolution and future research. Foundations and Trends in Entrepreneurship, 12(3), 163–285. https://doi.org/10.1561/0300000063
Yadeta, D., & Rokandla, V. (2016). Business Failure in Small and Micro Enterprises in Gedeo Zone, Dilla City: the Cause and Consequences. Asia Pacific Journal of Research ISSN:Vol: I. Issue XXXVI, Xxxvi, 82–94.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 Benjamín Alberto Cardozo Miranda
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Instructions for filling in the Certification of Originality and the Copyright Transfer:
Keep in mind that by pressing the "save and continue" button at the end, you are assuming all the ethical and legal commitments set forth herein. They establish the responsibilities of the legislation on intellectual property rights. For this it is assumed that whoever is carrying out the action of presenting the written work in good faith and represents himself and the other authors of the postulated article.
In this sense, the authors retain all the rights of which they are owners and authorize the free reproduction of the document sent. In the event of being necessary, they will assume, by pressing the "save and continue" button, the legal responsibility derived from the patrimonial rights which are free because of the non-payment by any procedure of the Journal.
Consequently, the author (s) represented by the person who advances the postulation of the article for evaluation and eventual publication,
I (We) declare:
1. I am (we are) the author (s) of the article {here is the name of the article placed automatically}.
2. This is an original work in accordance with the intellectual property law of Colombian copyright.
3. The content of the article of the reference has not been published and that it will not be submitted to any other means of publication in written or electronic support before knowing the decision of the Editorial Committee of Dimensión Empresarial.
4. The signer of this certification guarantees that the commitment acquired here does not infringe any third-party rights.
5. The publication authorization includes its electronic file and its adaptation, if necessary, for its incorporation in the network or in any electronic format or database, as well as attaching the necessary metadata to register the work, trademarks of water or any other security or protection system.
6. The publication authorization includes reproduction on digital media. As well as its distribution and making available through institutional archives through the Internet, distribute copies, and exhibit it in Colombia and outside the country, as well as include the article in national and international indexes.
7. The author assumes all responsibility, including compensation for damages, that could be exercised against the Universidad Autónoma del Caribe by third parties who violated their rights and interests because of the assignment.
For its part, Dimension Empresarial undertakes to respect in any case the rights of the author contained in Article 30 of Law 23 of 1982, or any after it and will make the article available to the users of the Journal so that make a legitimate use of it, as permitted by the applicable legislation, provided that its authorship is cited, commercial benefit is not obtained, and derivative works are not made.
The authors agree to accept the conditions of this intellectual property note, which will be applied to this submission when it is published in this journal.
