Importance of Innovation, Economic Growth and Project Management as Essential Elements for Business Success

This article explores the relevance of innovation, economic growth, and project management in the business context, highlighting how these factors contribute to obtaining competitive advantages, generating future revenues, and achieving longterm sustainable success.The research focuses on a case study examining the transformation of a bakery into a restaurant, illustrating how the PMBOK (Project Management Body of Knowledge) methodology can be effectively used to manage this type of change.The analysis shows that the PMBOK methodology provides a solid structure for project management, allowing rigorous planning and effective execution in managing business growth and innovation.This case demonstrates how the systematic application of the PMBOK methodology helps to face unforeseen challenges and ensures the fulfillment of strategic objectives, facilitating adaptation and success in a dynamic and competitive business environment.

Authors

Publication Details

Journal
Modelling Measurement and Control D
Published
2024-12-31
DOI
https://doi.org/10.18280/mmc_d.451-410
Primary Topic
Business and Economic Development
Type
article
Field-Weighted Citation Impact
0.00
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article

Importance of Innovation, Economic Growth and Project Management as Essential Elements for Business Success

Brenda Verónica Solano-Bermúdez, Christian Nanyo Delgado-Chávez, Héctor Melesio Cuén-Díaz
1 links
Modelling Measurement and Control D
Business and Economic Development
article

Importance of Innovation, Economic Growth and Project Management as Essential Elements for Business Success

Brenda Verónica Solano-Bermúdez, Christian Nanyo Delgado-Chávez, Héctor Melesio Cuén-Díaz
article en

Abstract

This article explores the relevance of innovation, economic growth, and project management in the business context, highlighting how these factors contribute to obtaining competitive advantages, generating future revenues, and achieving longterm sustainable success.The research focuses on a case study examining the transformation of a bakery into a restaurant, illustrating how the PMBOK (Project Management Body of Knowledge) methodology can be effectively used to manage this type of change.The analysis shows that the PMBOK methodology provides a solid structure for project management, allowing rigorous planning and effective execution in managing business growth and innovation.This case demonstrates how the systematic application of the PMBOK methodology helps to face unforeseen challenges and ensures the fulfillment of strategic objectives, facilitating adaptation and success in a dynamic and competitive business environment.

Modelling Measurement and Control DVol. 45(1-4)
Decent work and economic growth
Openalex Percentile: Top 57%
Business and Economic Development
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