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Parallels in the administrative and financial management of artisans in Ecuador and Colombia

Abstract:

The artisan sector is an important axis of economic development, a source of income for families of artisans and a cultural manifestation of the people. The objective is to identify the aspects that characterize the administrative and financial management of the Colombian and Ecuadorian artisanal sector, evidencing similarities and differences in order to establish aspects that allow defining a common route for its development, with which management and directors can improve business management. Methodologically, it is based on a qualitative and cross-sectional approach, not experimental. The information was analyzed through statistical models such as the Mann-Whitney U test, the non-parametric Kolmogórov-Smirnov test, and Cramer’s V coefficient, for the analysis of their relationships. The sample corresponds to the artisans of Cuenca and Ibagué. The selection was made under non-probabilistic sampling at convenience and judgment. The results establish similarities such as the rise of entrepreneurship, low level of indebtedness and direct distribution channels. The differences lie in sources of financing, use of installed capacity and investment capacity in design and production in the Colombian case.