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Article
Publication date: 1 February 1998

Carmelo Pellejero Martínez and Inmaculada Martin Rojo

Actualmente, Sol Meliá es la compañía líder en el mercado español por su oferta en hoteles urbanos, vacacíonales, y de reuniones y convenciones. Además de dominar la…

Abstract

Actualmente, Sol Meliá es la compañía líder en el mercado español por su oferta en hoteles urbanos, vacacíonales, y de reuniones y convenciones. Además de dominar la industria hotelera española, disfruta también de una posición de privilegio a nivel internacional. En el presente artículo se estudia su origen y su evolución durante las últimas cuatro décadas, periodo en el que ha pasado de disponer de un hotel en alquiler en Mallorca a convertirse en una compañía de servicios hoteleros que, a través de la gestión o franquicia, explota 227 establecimientos repartidos en 4 continentes y 25 países.

Details

The Tourist Review, vol. 53 no. 2
Type: Research Article
ISSN: 0251-3102

Article
Publication date: 10 June 2013

Santiago Mingo

Institutional voids – the lack of institutions that can facilitate the functioning of markets – are ubiquitous in emerging markets. Because of their newness…

Abstract

Purpose

Institutional voids – the lack of institutions that can facilitate the functioning of markets – are ubiquitous in emerging markets. Because of their newness, entrepreneurial ventures are especially susceptible to institutional vacuums. This research seeks to shed light on the role that business groups can play in the development of entrepreneurial ventures in emerging markets.

Design/methodology/approach

Based on detailed fieldwork, the study describes and analyzes the creation and evolution of two biotechnology start-ups that were affiliated to a major Latin American business group. The research cov ers the period between their foundation and later acquisition by a multinational company.

Findings

The article discusses the role that the business group affiliation had in terms of helping the start-ups to interact with multiple institutional voids. The analysis shows that the start-ups benefited from the group's reputation and connections, experience and know-how in managing different types of businesses in the country, strong resource base, long-term vision, and strong organizational culture.

Originality/value

The main contribution of this work is to show that business group affiliation can be an interesting solution that facilitates the development of entrepreneurial ventures in emerging markets.

Propósito

La presencia de vacíos institucionales – la carencia de instituciones que facilitan el funcionamiento de los mercados – es muy común en las economías emergentes. Debido a su novedad, los nuevos emprendimientos son especialmente susceptibles a los vacíos institucionales. Esta investigación trata de entender el papel que pueden desempeñar los grupos económicos en el desarrollo de nuevas empresas en economías emergentes.

Disenño/Metodología

Basado en trabajo de campo, el estudio describe y analiza la creación y evolución de dos start-ups biotecnológicos que estuvieron afiliados a un importante grupo económico latinoamericano. La investigación cubre el período comprendido entre la fundación de las dos empresas y su posterior adquisición por parte de una empresa multinacional.

Resultados

El artículo analiza cómo la afiliación a un grupo económico ayudó a las start-ups a lidiar con múltiples vacíos institucionales. El análisis muestra que las empresas se beneficiaron de la reputación y conexiones del grupo, su experiencia y conocimiento en la gestión de diferentes tipos de negocios en el país, su sólida base de recursos, su visión de largo plazo y su fuerte cultura organizacional.

Originalidad/Valor

La contribución más importante de este artículo es mostrar que la afiliación a un grupo económico puede ser una solución interesante que facilita el desarrollo de nuevos emprendimientos en economías emergentes.

Article
Publication date: 29 July 2014

Enrique Ogliastri

In this issue there are seven published research articles originating from Argentina, Spain, Chile and Mexico. The subjects of the articles are varied: first, the best…

284

Abstract

In this issue there are seven published research articles originating from Argentina, Spain, Chile and Mexico. The subjects of the articles are varied: first, the best performance determinants of banks in eight South American countries; second, the determinant factors of short term bank‐debt policies of companies, particularly the effect of growth opportunities, the ownership structure of companies and the institutional surrounding; third, the use of personal loans instead of institutional loans in small and medium size companies; fourth, the impact of the economic groups characteristics on the performance of its companies and the benefit of groups to the economy; fifth, the priorities of the companies in the use of logistic services within the supply chain; sixth, the impact of the corporate responsibility in the image and loyalty in hotel brands; seventh, the entrepreneurial intention when starting up a new company and the determinants of his perception on advantages and disadvantages of undertaking the venture.

Resumen

En este número se publican siete artículos de investigación originados en Argentina, España, Chile y México. Los temas de los artículos son variados: 1‐ Los determinantes del mejor desempeño de los bancos en ocho países latinoamericanos. 2‐ Los condicionantes del plazo de vencimiento de la deuda bancaria de las empresas, en particular el efecto de oportunidades de crecimiento, la estructura de propiedad de la empresa, y el entorno institucional. 3‐ El uso de préstamos personales en lugar de institucionales en las empresas pequeñas y medianas. 4‐ El impacto de las características de los grupos económicos en el desempeño de las empresas y en el beneficio de la economía en conjunto. 5‐ Las prioridades de las empresas en el uso de servicios logísticos dentro de la cadena de suministro. 6‐ El impacto de la responsabilidad corporativa en la imagen y lealtad de marca de los hoteles. 7‐ La intención de emprender y los determinantes de la percepción sobre sus ventajas y desventajas.

Details

Academia Revista Latinoamericana de Administración, vol. 27 no. 2
Type: Research Article
ISSN: 1012-8255

Abstract

Details

The History of Entrepreneurship in Mexico
Type: Book
ISBN: 978-1-83909-172-8

Article
Publication date: 10 June 2013

Niels Ketelhöhn and Enrique Ogliastri

The purpose of this article is to summarize the basic literature and concepts of innovation and entrepreneurship, emphasizing the relevant studies for Latin America. The…

6003

Abstract

Purpose

The purpose of this article is to summarize the basic literature and concepts of innovation and entrepreneurship, emphasizing the relevant studies for Latin America. The authors aim to assess the role of Latin America in the world innovative activity utilizing the production of USPTO patents.

Design/methodology/approac

To achieve the first objective, the authors review and summarize the relevant literature for innovation and entrepreneurship in Latin America. They also introduce each of the papers included in the current special issue of Academia. To achieve the second objective, the authors use the production of USPTO patents by Latin American residents, and examine those levels to the rest of the world.

Findings

The authors find Latin America to be a marginal contributor to the world innovative activity. Although the region represented 8.7 per cent of world GDP in 2011, it only generated 0.19 per cent of the world patents registered at the USPTO between 2008 and 2012, and only 0.17 per cent of all patents registered since 1976. However, countries such as Costa Rica and Uruguay have larger levels of patent production by 100,000 inhabitants with 7.05 and 4.72 for 1976-2012.

Originality/value

This introduction introduces work that continues the intense discussion on innovation and entrepreneurship in Latin America. It is to the extent of the authors' knowledge, one of the first attempts to measure the level of innovation at the regional level, and compare the performance of different countries. This special edition has implications for individuals, firms and governments striving to introduce new products, services and processes in a region that has historically confronted important barriers to innovation.

Resumen

En esta introducción presentamos algunos conceptos básicos sobre innovación y empresariado, y hacemos énfasis en la literatura que ha estudiado estos fenómenos en América Latina. Evaluamos, además, el papel de América Latina en la actividad innovadora mundial, utilizando la producción de patentes registradas en la Oficina de Patentes y Marcas de Estados Unidos (USPTO), y encontramos que América Latina desempeña un papel marginal con relación a otros centros mundiales de innovación. Finalmente, se presentan los artículos de este número de la revista Academia. Esta edición especial tiene implicaciones prácticas para individuos, empresas y gobiernos, que quieran introducir nuevos productos, servicios, y procesos desde una región que históricamente ha tenido que enfrentar barreras a la innovación.

Article
Publication date: 14 January 2014

Constanza Bianchi

This paper aims to explore how firms from a Latin American market internationalise using the resource-based view of the firm as a theoretical foundation. Specifically, it…

2292

Abstract

Purpose

This paper aims to explore how firms from a Latin American market internationalise using the resource-based view of the firm as a theoretical foundation. Specifically, it examines the internationalisation process of three Chilean companies that have become relevant international players.

Design/methodology/approach

Drawing on interviews with company managers, as well as industry data and corporate reports, this paper provides insights into the successful internationalisation process of emerging market firms.

Findings

The findings of this study suggest that specific capabilities and resources, such as belonging to a family conglomerate, domestic and foreign partnerships and networks, innovation and market orientation, and an experienced management team, are required for emerging market firms to internationalise and improve their performance in foreign markets.

Originality/value

This study is one of the few to address the internationalisation process of Chilean companies.

Details

International Journal of Emerging Markets, vol. 9 no. 1
Type: Research Article
ISSN: 1746-8809

Keywords

Abstract

Details

Labor Relations in Globalized Food
Type: Book
ISBN: 978-1-78350-711-5

Article
Publication date: 24 April 2009

Constanza Bianchi

Research on international retailing has generally emanated from Europe and North America. Nonetheless, retailers from emerging countries can also be important players in…

5515

Abstract

Purpose

Research on international retailing has generally emanated from Europe and North America. Nonetheless, retailers from emerging countries can also be important players in regional markets. The purpose of this paper is to explore how retailers from emerging markets can become strong enough to compete internationally.

Design/methodology/approach

The study examines a longitudinal case study of the internationalisation process of Falabella, a Chilean retailer that has recently become an important player in the Latin America retail industry. Drawing on 32 interviews with company managers, as well as industry data and corporate reports, this paper provides insights into the successful internationalisation process of a retailer from an emerging country.

Findings

The paper offers insights into emerging market internationalisation. In particular, these findings suggest that specific capabilities and resources, such as local and regional partnerships, organisational learning, innovation orientation, adaptation to the local markets, and an experienced management team, are required for emerging market retailers to internationalise and improve their likelihood of success in foreign markets.

Research limitations/implications

This paper explores an underdeveloped topic through the analysis of a longitudinal case study. Thus, it is necessary to further expand this line of research and investigate other emerging market retailers.

Practical implications

This study raises a number of important issues for emerging market retail managers that are reluctant to expand abroad and compete with large multinationals from developed markets, or that are struggling with their actual internationalisation process.

Originality/value

To date, the retail internationalisation literature has focused on the international experiences of firms from developed nations. However, there is a gap in the literature as to how retailers from emerging countries can become strong enough to compete internationally.

Details

International Marketing Review, vol. 26 no. 2
Type: Research Article
ISSN: 0265-1335

Keywords

Article
Publication date: 15 November 2018

Jose Satsumi Lopez-Morales

The purpose of this paper is to develop a systematic literature review on the subject of multilatinas during 2007-2017, through a review of 55 papers published in 35 journals.

Abstract

Purpose

The purpose of this paper is to develop a systematic literature review on the subject of multilatinas during 2007-2017, through a review of 55 papers published in 35 journals.

Design/methodology/approach

A qualitative technique for conducting a systematic literature review was used. To systematize and make the literature review more accurate, it was divided in four stages: data collection, coding, analysis and interpretation of data. Several tables and figures were developed to provide a better interpretation of the literature.

Findings

The phenomenon of multilatinas is still a regional topic. Nine specific gaps in the literature were identified: the role of the state; impact of “home-country reputation”; the role of the host country in the expansion of multilatinas; multilatina selection of markets with geographical closeness and cultural affinity; multilatinas from small economies (mainly Central American countries); studies of multilatinas operating in the service sector; the role of family ownership; studies analysing the multinationality–performance relationship; and the study of collaboration networks between researchers.

Research limitations/implications

The access of academic databases, where more published studies may have been available, and the level of precision in the search for papers that meet the necessary characteristics were included in the review.

Practical implications

This paper contributes to not only the body of knowledge about multilatinas but also, in a wide scope, to the knowledge of multinationals from emerging countries. Furthermore also this paper provide some research directions for academics interested in multinationals.

Originality/value

The general contribution of this paper is in its addressing the topic of multinationals from emerging economies such as Latin America, a less-studied emerging region. Moreover, this work specifically contributes to understanding multilatinas and identifies research gaps and characteristics of the scientific papers on this phenomenon, potentially increasing knowledge about multinationals from emerging countries, and specifically Latin America.

Details

Review of International Business and Strategy, vol. 28 no. 3/4
Type: Research Article
ISSN: 2059-6014

Keywords

Article
Publication date: 5 March 2018

Lidia Heller and Patricia Gabaldon

Through an analysis of 15 Latin American countries, the purpose of this paper is to explore the importance of several institutional variables (economic, regulatory, and…

Abstract

Purpose

Through an analysis of 15 Latin American countries, the purpose of this paper is to explore the importance of several institutional variables (economic, regulatory, and cultural), which affect women’s careers towards being members of boards of directors in the region.

Design/methodology/approach

Based on primary and secondary information, the authors carry out multivariate analyses to understand the institutional reasons affecting the reduced presence of women on boards of directors in the region.

Findings

Their findings reveal differences within the region, the importance of protecting women’s professional careers in the labour market, and the effect of cultural dimensions, such as masculinity and power distance.

Research limitations and implications

The analysis provides an updated cross-section of the institutional and cultural conditions of the 15 countries, considering the limitations to developing data in the region.

Practical implications

Latin America has witnessed important changes in the dynamics of the labour market over recent decades: women’s participation in the labour force is on the increase, and corporate strategy is evolving towards the incorporation of practices and initiatives to manage the diversity of their talents. However, the presence of women in leadership positions is a pending subject. This study, in part, reveals the institutional origin of gender inequality on boards of directors in the region. The analysis provides essential tools for public policy and for companies to help promote female leadership in the region.

Originality/value

Recent debate and research on the scarce participation of women on corporative boards of directors have revealed a growing interest in analysing the causes of such issues despite the progress recorded in terms of gender equity in most societies. Studies on the topic in Latin America are scarce and the aim of this paper is to help to fill part of this gap.

Propósito

El presente trabajo explora en quince países de América Latina la importancia de distintas variables institucionales (económicas regulatorias y culturales) que afectan a las carreras de las mujeres hacia los consejos de administración en la región.

Metodología

A partir de información primaria y secundaria, los autores desarrollan diversos análisis multivariantes para entender las razones institucionales que afectan tras la reducida presencia de mujeres en los consejos de la región.

Resultados

Los resultados de los análisis realizados muestran las diferencias dentro de la región así como la importancia de de analizar las carreras profesionales de las mujeres en el mercado de trabajo y el efecto de las dimensiones culturales como la masculinidad y la distancia al poder.

Limitaciones

El análisis muestra un corte transversal de la realidad institutional y cultural de los 15 países lo más actual posible, teniendo en cuenta las limitaciones en el desarrollo de datos en la región.

Implicaciones prácticas

En América Latina, se han producido cambios importantes en la dinámica del mercado laboral en las últimas décadas: las tasas de participación de mujeres en la fuerza de trabajo están en aumento y las estrategias empresariales van evolucionando hacia la incorporación de prácticas e iniciativas que tienden a gestionar la diversidad de sus talentos. Sin embargo la presencia de mujeres en puestos de liderazgo empresarial es una asignatura pendiente. El presente trabajo muestra en parte el origen institucional de las desigualdades de género en los consejos de administración en la región. Este análisis provee de herramientas esenciales para la política púlica y las empresas en la búsqueda de la promoción del liderazgo femenino en la región.

Originalidad/Valor

Recientes debates e investigaciones sobre la escasa incorporación de mujeres en los consejos directivos en las corporaciones, han evidenciado el creciente interés por analizar las causas de estas cuestiones a pesar de los avances registrados en términos de equidad de género en la mayoría de las sociedades. Sin embargo, hay una escasez de estudios en esta área en América Latina. El presente artículo busca llenar en parte ese hueco.

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