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

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INCAE Business School, La Garita 960-4050, Costa Rica
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Bristol Institute for Learning and Teaching, University of Bristol, Bristol BS81TU, UK
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EAE Business School, 08015 Barcelona, Spain
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Bristol Business School, University of the West of England, Bristol, BS16 1QY, UK
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Author to whom correspondence should be addressed.
Sustainability 2020, 12(20), 8448; https://doi.org/10.3390/su12208448
Received: 9 September 2020 / Revised: 9 October 2020 / Accepted: 10 October 2020 / Published: 14 October 2020
(This article belongs to the Section Sustainable Management)
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. View Full-Text
Keywords: business schools in emerging markets; academic innovation; business schools models; business context; business education business schools in emerging markets; academic innovation; business schools models; business context; business education
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MDPI and ACS Style

Ilie, C.; Fornes, G.; Cardoza, G.; Mondragón Quintana, J.C. Development of Business Schools in Emerging Markets: Learning through Adoption and Adaptation. Sustainability 2020, 12, 8448. https://doi.org/10.3390/su12208448

AMA Style

Ilie C, Fornes G, Cardoza G, Mondragón Quintana JC. Development of Business Schools in Emerging Markets: Learning through Adoption and Adaptation. Sustainability. 2020; 12(20):8448. https://doi.org/10.3390/su12208448

Chicago/Turabian Style

Ilie, Camelia, Gaston Fornes, Guillermo Cardoza, and Juan C. Mondragón Quintana. 2020. "Development of Business Schools in Emerging Markets: Learning through Adoption and Adaptation" Sustainability 12, no. 20: 8448. https://doi.org/10.3390/su12208448

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