Course content
Understanding the dynamics of business strategy is critical in a globalised world for successfully managing both the public and private sectors. This is especially important in the Latin America and Caribbean (LAC) region, where distinct economic, political, and cultural contexts impact organisational strategies and models.
Historically, the LAC region has faced issues stemming from the exportation of natural resources, such as minerals and agricultural products. A paradigm shift is now underway, moving towards more manufacturing and value-added activities. At the political level, the recognition of intentional democracy and Indigenous knowledge as key factors guiding the development of new business strategies that align with these values is also emerging.
This course is divided into three comprehensive blocks, each designed to delve deeply into the strategic aspects of business within the changing landscape of LAC. Each block examines issues at various organisational levels—macro, meso, and micro—and includes a thorough examination of specific case studies and theoretical perspectives on business strategies.
The first section explores the varied strategies utilised by local firms and European companies operating in the region, focusing on how they adapt to and leverage the unique regional characteristics.
The second section delves into the emergence of entrepreneurship and the role of SMEs in LAC business development. It also examines how these strategies interact with the private sector, influencing the overall business environment and strategy formulation.
The third block introduces the concepts of sustainable development and human rights, focusing on their transformative effects on organisational practices and strategic planning.
In this course, students will engage in discussions on how business strategies can support sustainable development, social responsibility, and economic prosperity in the LAC region.
See course description in course catalogue