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Indigenous management practices: insights from Latin America

Author

Listed:
  • Gómez, Henry

    (IESA)

  • Dávila, Carlos

    (School of Management, Universidad de Los Andes)

Abstract

Management realities in Latin America are rarely examined against the region’s changing social, economic, and political backdrop. Managers must reckon with economic volatility, a weak institutional framework, and limited state governance in a diverse organizational landscape where large corporations do not play center stage. Institutional shortcomings, ingrained privilege and exclusion, and rising social demands have bred a flourishing “informal economy” in which more than one-half the labor force earns a living. Together, these circumstances make for a challenging business context where enterprising organizations craft home-grown management practices. This study revisits management practices drawn from in-depth studies of organizations, in Venezuela and Colombia, often deployed by individuals with no formal management training. Hands-on, versatile, and resilient management, strong creative leadership, perseverance and commitment, and keen understanding of the local business context stand out as factors that lead individuals to achieve success for their organizations, regardless of the odds.

Suggested Citation

  • Gómez, Henry & Dávila, Carlos, 2007. "Indigenous management practices: insights from Latin America," Galeras. Working Papers Series 018, Universidad de Los Andes. Facultad de Administración. School of Management.
    • Handle: RePEc:uac:somwps:018
    as

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    File URL: https://repositorio.uniandes.edu.co/bitstream/handle/1992/46380/Galeras-de-administraci%C3%B3n-18.pdf
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    References listed on IDEAS

    as
    1. Paul Holden & Sarath Rajapatirana, 1995. "Unshackling the Private Sector A Latin American Story," Reports _019, World Bank Latin America and the Caribean Region Department.
    2. Steven P. Feldman, 1989. "The Broken Wheel: The Inseparability Of Autonomy And Control In Innovation Within Organizations," Journal of Management Studies, Wiley Blackwell, vol. 26(2), pages 83-102, March.
    3. repec:wbk:wbpubs:15009 is not listed on IDEAS
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