Impact of accounting on strategic decision making in security companies
DOI:
https://doi.org/10.62452/8tnf9x50Keywords:
Enterprise, control, accounting, decision making, data analysisAbstract
This study examined the critical role of accounting in the formulation of strategic decisions within the context of private security companies in Ecuador. Using a mixed methodological approach, combining quantitative and qualitative techniques, we sought to gain an in-depth understanding of how accounting practices influence decision making in this business sector. The results indicate that the majority of respondents consider accounting to be fundamental for decision making (60.98%) and the current accounting system to be efficient (39.02%). However, there are still areas for improvement, especially in the accuracy of accounting information and the integration of technological tools. Accounting is revealed as a pillar for evaluating profitability, mitigating risks, and guiding the pricing strategy. The need to improve staff training and internal communication to optimize their contribution to strategic decision making in a competitive market is highlighted. It is concluded that accounting is a pillar for the success and competitiveness of security companies in a dynamic business environment.
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Copyright (c) 2024 Diana Jackeline Idrovo-Alvarez, Verónica Paulina Moreno-Narváez (Autor/a)
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