Development of Business Schools in Emerging Markets: Learning through Adoption and Adaptation

Camelia Ilie, Gaston Fornes*, Guillermo Cardoza, Juan Carlos Mondragón Quintana

*Corresponding author for this work

Research output: Contribution to journalArticle (Academic Journal)

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Abstract

The purpose of this study is to contribute to the understanding of the critical resources and capabilities that business schools (BS) have developed to achieve sustainable development. Framed within the resource-based theory, it analyzes seven of the top 50 BS from emerging markets (EM). It argues that these schools have grown through a development process of adopting and adapting business models, including teaching and research methodologies, organizational structures, and business practices; when they consolidated their local leadership, they started to follow a more idiosyncratic process. The findings shed light on the challenges that schools from EM face to deliver local impact while being measured by international standards and have implications for theory development, practice, and policymaking. In terms of theory, the findings show how the Global North model has exerted a determining influence in the development path of BS in EM, and, subsequently, how the pressure to respond to domestic demands has guided the acquisition of resources and the development of capabilities. For practice, the study reveals development patterns, clues about the challenges these BS face, and the range of solutions they have implemented. For policymaking, the case studies offer valuable lessons on how governments can design support systems for BS development.
Original languageEnglish
Article number8448
Number of pages28
JournalSustainability
Volume12
Issue number20
DOIs
Publication statusPublished - 14 Oct 2020

Structured keywords

  • Education and Pedagogy
  • Academic Innovation
  • Business Education
  • BILT
  • Business Schools in Emerging Markets
  • Business Schools Models

Keywords

  • business schools in emerging markets
  • academic innovation
  • business schools models
  • business context
  • business education

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