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Beyond Grey Pinstripes

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U. of Navarra (IESE)

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U. of Navarra (IESE) Avenida Pearson, 21
Barcelona, , 08034
Spain
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Demographic Information

Number of full-time MBA students (2011): 

221

Number of part-time MBA students (2011): 

0

Total duration of full-time MBA program: 

19 months

MBA faculty (Fall 2010): 

181

Females as percent of student body: 

26%
Who Are the Students? See what percentage of the 2010-2011 graduating class came to this MBA program from the private sector, the non-profit sector and government jobs
 
Private Sector (98%)
 
Non-profit (1%)
 
Government (1%)


  • School Information
  • Courses
  • Outside the Classroom
  • Faculty Research

Description of MBA Program: 

IESE Business School is committed to the development of leaders who can have a positive, deep, and lasting impact on people, firms, and society through professionalism, integrity and spirit of service. IESE believes that companies are communities of people and management should be centered around people. The ethical and moral values that the school draws on stem from the Christian tradition and humanistic principles, a perspective that has been at the roots of social and human progress in Europe and in many other countries around the world. These values emphasize the intrinsic rights and above all the dignity of every person. Therefore the school is convinced that human and ethical values are essential to IESE´s student development. "At IESE, we seek to transmit a spirit of service, placing a special emphasis on human, ethical, and social aspects of business management." (Jordi Canals, Dean of IESE) The centrality of the person, and what we now call the ethical and humanistic dimension of management, was already present in IESE´s first brochure published in November 1958. In fact, the school has had a core business ethics course since 1964 and an official business ethics department from the very beginning. Finally, IESE faculty was the first to author a book published in 1980, on Corporate Social Responsibility in the Spanish language.


IESE aspires to be a world-class and truly global business school, seeking teaching excellence and research impact, with an international campus in Barcelona-Madrid, and executive programs in key countries or regions around the world, including Germany, Eastern Europe, the United States, Brazil, and China. IESE is also setting up schools in developing countries and the faculty participates on their boards. The proof of the success of IESE is in the 30,000 alumni working in more than 100 countries around the world. We hope that our alumni embody our people-centered approach reflecting our belief that the aim of managers must be to serve people and society via professional excellence and integrity of character.

 

IESE’s commitment to business ethics and corporate social responsibility is reflected by its two research centers (Center for Business in Society and ICWF International Center of Work and Family) and three chairs ("la Caixa" Chair of Corporate Social Responsibility and Corporate Governance, "Crèdit Andorrà" Chair Markets, Organizations and Humanism, and Chair of Business Ethics).



How does the MBA program 'walk the talk' of social and environmental impact?: 

IESE has incorporated sustainable and responsible practices in the Campus in different ways:


IESE organizes Solidarity Lunches (“Menú solidario”), where participants have been asked to contribute an additional €6 when paying for the dinner. The money is donated to the various non-profit organizations to which IESE contributes.


During Christmas IESE MBA students have supported the "No Child Without a Christmas Present" campaign, in collaboration with Acción Social Montealegre. The Montealegre Association, based at Montealegre Church, provides various kinds of help to the underprivileged in the Raval neighborhood in Barcelona. Students & faculty have donated toys also to contribute to the "A Smile for Christmas" campaign, in collaboration with Cooperación Internacional, whose projects are based on cooperation and solidarity with the most disadvantaged groups in Madrid.


Sustainable environmental practices have been also incorporated on the campus - the school installed potable water fountains throughout the campus in order to encourage students to use those instead of buying bottled water, with the objective of reducing the school's dependence on non bio-degradables.


Moreover MBA IESE students can make donations to the Niger Foundation Hospital with which IESE collaborates; a health project being carried out in Nigeria, in a low socioeconomic setting characterized by major health problems and where there is no social security and majority of the population have no access to clean water. Donations can be done through the website of IESE and they will be dedicated to vaccinations and anti-infective therapy, medical pre-natal care and supervised delivery, emergency surgery in delivery and other destinations.


IESE MBA students have been encouraged to volunteer in other organizations in Barcelona to which IESE contributes:

  • in Asociación Social Montealegre by visiting families in need, providing care to the aged, organizing food and clothing collection campaigns;
  • in Centro Barral providing social and educational support to financially challenged people through basic language programs, occupational programs, summer camps that combine cultural, sporting and social activities with outings and other activities, trips outside Barcelona to take part in a sport tournament organized during Easter week;
  • in Centro Terral helping girls to complete their obligatory education and either go on to further education or enter employment, through supporting programs as after-school study, sport, computing, languages, study techniques, and other activities (handicrafts, drama, guitar, cinema forum, and summer school);
  • in Asociación Pro respeto a la vida humana providing personal care for women in situations of marginalization, poverty and insecurity with young children in their charge, helping them with food and accommodation issues, providing health and childcare education to pregnant mothers and information and training for adolescents and young people on the responsible exercise of sexuality, collaborating in courses, conferences, study seminars and congresses to promote a pro life culture, a respect for human life etc.


On the campus IESE has been the patron of the Young Talent Program which facilitates kids & young adults with real talent, who otherwise would not have the economic means to realise their potential. These young adults also have the option of undertaking IESE’s World-class Full-Time MBA, obtaining possible corporate sponsorship for it and gaining through it the skills to become a global manager in due course.
 

Academic Department

  • Finance
    6 items
  • Strategy
    6 items
  • Management
    5 items
  • Entrepreneurship
    4 items
  • CSR/Business Ethics
    4 items
  • Production and Operations
    3 items
  • Quantitative Methods
    3 items
  • Marketing
    3 items
  • Accounting
    2 items
  • Organizational Behavior
    2 items
  • International Management
    2 items
  • Business Law
    1 items
  • IT & Information Systems
    1 items
  • Economics
    1 items
  • Human Resource Management
    1 items
Course Name: Advanced Methods for Operational Excellence
Instructor: Marc Sachon, Victor Martinez de Albeniz

Operational excellence allows many companies to outperform competition in many industries. Most times, a simple conceptual understanding of operations is not sufficient, and a deeper mastering of operational execution is necessary. It is also critical to understand the operational risks present in one’s business and to mitigate those appropriately. This course aims at providing some structured thoughts around these challenges. In particular, we focus on how to build sustainable operations, by examining the impact of operational choices on incentives, people and organizations.

Course Name: Alternative Investments
Instructor: Jan Simon

Alternative Investments (AI) play an increasingly important role in the financial and economic world. Understanding what they are, how and when they are implemented into an investment portfolio as well as what they mean for the financial markets is becoming common good of MBAs. The AI industry is equally growing at an important pace and MBAs are finding their ways into this most exciting of industries.

The course takes a holistic view discussing tools and techniques of valuation as well as social and ethical issues related to the investment industry. The participant is expected to provide a critical view on the tools applied as well, and even more, on the value added of the industry. The latter will lead to a broader discussion of the world that is ‘performed’ through modelling and investing.

Course Name: Analysis of business Problems
Instructor: Franz Heukamp

Introduction

In life, as in business, we are confronted by a wide array of problems and situations, which require us to take action. Some problems are relatively straightforward or structured.

These types of problems can generally be solved by taking a series of actions in a well-defined way. A flat tire is a good example. If you carefully follow the steps in the owner’s manual and have a spare, you will usually be able to continue with your journey.

In business most problems are not so easy. They often involve economic, technical, human and ethical issues and can be quite complex or unstructured. By definition, they do not have a unique, “correct” solution.

Solving such unstructured problems on a constant basis is much of what managers do and the ability to solve them.

Often what distinguishes the best managerial talent is the pursuit of three key objectives when dealing with such problems. The three objectives are achieving tangible results, promoting learning on the part of the manager and his or her organization, and building a larger sense of purpose or identification between the people who make up the organization.

Decision making Criteria

When making decisions the most important part is the criteria selection. Without Criteria selection the problem definition is incomplete. When identifying criteria there are three major aspects that have to be taken into account: Economic, organizational and individual aspects of the decision at hand.

Economic. The basic issue here is the business model of the company? How is the company designed to have a sustainable economic development? The science of economics is clearly supporting these types of analysis. But as within every decision there are limits to the money-making methods that have to be taken into account.

Organizational Criteria. Organizational criteria deal with how you design your organization to fulfill its goals. The relationships with people, the working load, the contribution of your organization to the complete fulfillment of the life expectations of individuals working in there. That is , you have to take into account that the organization has to contribute to the individuals working on it. Which lead us to the last type of criteria,

Individual criteria. Each individual has its own value system that has been developed through its experience and education. It is this value system that he/she is going to use when deciding action. Therefore, the value system of the organization has to be consistent with the value system of the people developing their professional career in there. It is when you take into consideration this third type of criteria, that you can make a complete informed decision, tanking in to account all three levels of criteria into you problem definition.

Objectives

By the end of the course, participants should be able to identify unstructured problems and apply a comprehensive personal framework for solving them and taking action. As this course is one of the most “open ended” in the first term, additional objectives are to introduce participants to the dynamics of the case method and report preparation.

CASOS.

Ethical Issues in cases.

Adamac: Ethica issue related with governance. Two shareholders want to buy out a non executive shareholder hiding information about the future company plans.

Quimicas Reinosa: An executive has to deal with the cancelation of the long term relationship with a distributor. There are issues related to the fairness of the cancelation and to the personal career of the executive, given the old the relationship of these distributor with the company owners.

Sports-92. Personal problems about two shareholders of a company who are starting to not trusting each other.

Escatsa- The sons of the founders want to bet the company future on a internationalization venture that might put all the family fortune at stake.

El club. An employee might have been stealing form the company during the last 20 ears. Analyzing the situation and the implications on the firm and the resto of the employees.

Course Name: Capital Markets
Instructor: Jan Simon

Capital Markets intents to be an introductory course to the most important investment products, their behaviors as well as their environment. No previous knowledge is assumed.

Although a necessity for the people who want to work in Sales and Trading, Corporate Finance, M&A, Research etc., the course targets the MBA community at large. As all of you will hopefully at some stage have to make investment decisions, this course will be a must for all of you.

The course also discusses at length how ethical principals have a real market impact and how a structural and persistent ignoring of ethical relevant issues affects the markets in a negative way. More specifically the 2008 crises is discussed and the ethical agnosticism that provoked it is debated.

Course Name: Competitive Dynamics: The Rise and Fall of Competitive Advantage
Instructor: J. E. Ricart

The world that we live in today is becoming increasingly competitive. In the last couple of decades, there has been a significant change in the way people conduct business. A large number of players exist in the marketplace today, making it more difficult to operate in a manner that positively impacts the triple bottom line of an organization. Students discuss key ethical issues impacting organizations across the globe and across a wide variety of industries. Some of the cases worth mentioning in this course are:

- the emergence of AirAsia, a low cost Malaysian operator,

- the evolution of the circus industry in Europe,

- the challenges faced by Lamoiyan Corporation of the Philippines while battling multinational giants,

- the UK petrol price war and its impact on companies, employees and consumers,

- the dynamics of the large turbine generator industry as seen in the case of General Electric vs. Westinghouse,

- peer-to-peer file sharing, piracy and its impact on the music and film industries

- competition in the newspaper publishing industry from the point of view of Metro News and

- the business model of Applus+ Technologies which deals in emissions testing for the automotive industry.

The ultimate goal of the course is to develop knowledge and skills to enhance the students’ understanding of Strategy, Strategic Thinking, and Competitive Advantage. The main focus of the course is competition with different business models, including the drivers of competitive interaction so as to better anticipate actions and reactions of competitors, customers, suppliers and complementors.

Some specific cases deal with with important social and environmental issues. Irizar is a workers’ cooperative in the Mondagron Group at the time of the case and with a very peculiar, people focused and free-form organized, management model. Greenpeace is discussed both as organization and in the context of its fight with Monsanto related to the use of transgenic seeds. Lamoiyan Corporation is a social enterprise in the Filipinas that allows a discussion between profits vs. social concerns. Finally, the P2Pfile sharing and the market for digital information goods raises ethical issues associated to abusing property rights vs. free movement of information.

Overall the course focuses on the strategic aspects of business model design but this is never separable from the social, environmental and ethical issues associated to them.

Course Name: Competitive Strategy
Instructor: G. Vroom

The objective of this course on Competitive Strategy is to push the students to think strategically in different situations. The course introduces the students to a coherent framework of Value Creation and Value Capture and develops related concepts that are used to analyze the competitive environment of a firm and its internal strengths and weaknesses. The course takes a broad approach towards issues related to corporate social responsibility. Themes such as sustainable value creation (Cola Wars Continue: Coke and Pepsi in 2006, Wal-Mart in 2005, and Ducati: In Pursuit of Magic), Operating in Emerging Markets (Ice-Fili, Ant Mobel) and Social Responsibility and Environmental Impact (Patagonia) are discussed throughout the duration of the course.

Course Name: Corporate Finance
Instructor: Javier Estrada

This corporate finance course explores several issues related to companies, investors, and the interaction between them in capital markets. The ultimate goal is to provide students with an analytical framework that enables them to properly diversify a portfolio, pick stocks, evaluate the cost of debt and the return on assets - both short term and long term, and eventually derive whether a company is creating or destroying value.

Socially relevant topics such as taking too much risk potential consequences, market efficiency practical implications and an in-depth look into the money markets are covered in this course. The course also covers investment topics such as valuations, dividends from an ethical angle, by focusing on the human aspect of deals within corporations.

Course Name: Cross-cultural Management
Instructor: Carlos Sanchez-Runde

1.      Sixth Session (Tactics, Value Creation, and Strategy):

Course Name: Decision Analysis
Instructor: Alessandra Cillo, R. Santiago, M.A. Arino

Managers often face decisions in a cloud of ambiguity, with uncertain consequences that extend over time. Do managers deal correctly with such problems? How can managers make ethical choices between right and wrong? Many managers only use intuition to their decision making. The objective of this course is to foster the practice of rational and ethical decision making. The course content is structured such that students are exposed to both - corporate and social/environmental issues. Cases deal with a range of socially & ethically relevant issues such as prudent conflict management (AD-314-E Berfest), moral leadership and people management (ADE-28-E Real Situations) and responsible compensation issues (UVA-QA-0546 High Places Studio). Through cases such as AD-301-E Ceranz Bau, students appreciate the functioning of enterprises that cater to social / environmental projects, time, perception and decision making (ADN-264-E) which makes them reflect on the social influence of peer pressure in decision making. Suggested readings in this course include The Paradox of Choice (Barry Schwartz), Judgment and Choice: The psychology of decision (Robin Hogarth), Judgment in Managerial Decision Making (Max H. Bazerman) among many others, focusing on societal and humane dimension of decision making.

Course Name: Derecho Mercantil
Instructor: Carlos Sancho

Derecho Mercantil, or Commercial Law deals with legal, regulatory, social and ethical issues faced by corporations and managers in a European context. Socially relevant topics covered in this course are stakeholder involvement, social capital, liquidation of businesses and its impact on society, sustainability issues faced by corporations from a legal perspective, Industrial and Intellectual property and management of family owned enterprises.

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Type of Offering

  • Extracurriculars
    3 items
  • Career Services
    1 items
  • Institutes and Centers
    19 items
  • Student Clubs
    7 items
Doing Good and Doing Well
Date: February, 2011

The Doing Good and Doing Well Conference is Europe's leading student run conference on Responsible Business. It is a two-day event presented by the IESE Responsible Business Club.

It brings together hundreds of business school students, faculty and professionals from all over the world to discuss current trends and initiatives on a broad range of issues including:

- Social Entrepreneurship

- Microfinance

- Healthcare

- Energy & Environment

- Social Investment

- Development

- Careers

By challenging participants to consider the potential for sustainable development, the Doing Good and Doing Well Conference helps develop innovative new strategies and business models, as well as foster meaningful relationships between industry professionals and graduate students.

Clean Tech Venture Capital Conference
Date: February, 2011

IESE's first Cleantech Venture Seminar was held in 2008. The aim was to facilitate the investment process of worthwhile start-up companies which have developed disruptive solutions to improve the productive and responsible use of natural resources in the field of energy, water, transport, air & the environment.

The objective of the seminar is to provide a venue for promising Cleantech entrepreneurs to network with and pitch for funding in front of venture capital firms. Additionally, we aim to introduce attendees to some of the latest trends in Cleantech and to the methodologies of venture capitalists.

http://dgdw.iese.edu/venture_seminar/

The Social Entrepreneurship Workshop
Date: February, 2011

Part-business school class for the social sector, part-discussion forum for peers, part-strategy and financing brainstorming session, the Social Entrepreneurship Workshop aims to provide a unique and stimulating discussion platform for participants and audience members alike.

Under the umbrella of the Doing Good and Doing Well conference, participants explore, with like-minded successful entrepreneurs, the challenges they are currently facing and

discuss scalability and sustainability. Audience members have an up-close look at the operational and strategic challenges involved in managing a social business.

Career Services

IESE seeks to have a fundamental impact on the way our students do business, so naturally the MBA has a very high personal development aspect. Our small class size means that the Careers Services department is able to give personal attention to all students. The fact that the school was founded with the mission to promote ethical sustainable business nearly 50 years ago means that this team has a wealth of experience in placing students who wish to work in Social and Environmental areas.

Our Career Services department has strong links with NGOs (Endeavour, EDE Consulting, Charity Bank, Codespa, Intermon Oxfam, etc) as well as with social entrepreneurship foundations (such as the Schwarb Foundation) and with entrepreneurs themselves. Each year our careers services team organises internships with socially responsible companies who work across the world. They also coach students who wish to make a career change into this area.

José Felipe Bertrán Chair for Governance and Leadership in Public Administration
Business School Housing? Yes
Number of Faculty: 5
Contact Name: Jose Ramon Pin
Contact Email: agallifa@iese.edu

The Chair responds to the duty to help entrepreneurs and managers to understand the role of public sector in economic development and, conversely, raise awareness among political leaders and public managers of the importance of their role in the field of economics.

The Chair aims to develop a conceptual framework and a set of principles and tools to help solve problems in government action and the Leadership of Public Administration.

CBS - Center for Business in Society
Business School Housing? No
Number of Faculty: 9
Contact Name: Antonio Argandoña
Contact Email: cbs@iese.edu

The CBS has the following goals:

- Develop well-founded concepts and arguments as a basis for human quality in business and a beneficial impact of business activity on society and the environment

- Develop practical means to develop a corporate culture and behavior that favor human development and sustainability

- Devise management models that make it easier to grasp the complexity and the systemic nature of companies’ relationships with society and the environment

- Encourage the application of criteria of social responsibility and sustainable development in every aspect of business

- Build an awareness of the importance of ethical conduct and corporate reputation by publicizing the practical improvements achieved, offering criteria for problem solving, and helping to create a climate of respect and support for business initiatives

- Promote and facilitate dialogue between the business world and its stakeholders in the conviction that greater mutual knowledge will lead to innovative business responses to society’s demands.

Public-Private Sector Research Center
Business School Housing? No
Number of Faculty: 7
Contact Name: Xavier Vives
Contact Email: SPSP@iese.edu

"Its mission is to foster cooperation between the private sector and public administrations, as well as the exchange of ideas and initiatives, through dialogue, research, and education. The aim is to open a way of cooperation and exchange of ideas and initiatives.

The objectives of the center are to:

- promote high quality scientific research about the business sector and public administration

- consolidate a group of international investigative excellence in the fields related to the center

- spread scientific studies in business media and administrations to impact public policies created in Catalonia, Spain, Europe and Latin America.

- serve as a forum bringing together professionals and researchers from companies, as well as public administrators

- contribute to high level business training in the business sector area and public administration."

Center for Emerging Markets
Business School Housing? Yes
Number of Faculty: 9
Contact Name: Sanjay Peters
Contact Email: cem@iese.edu

Our mission at the Center for Emerging Markets at IESE is to create a leading institution in the field of new and emerging markets. By bringing together some of the most respected practitioners and academics, we seek to promote a better understanding of the channels by which private sector and governmental organizations can engage effectively with new and emerging economies across the globe. We also aim to assist the private sector and governmental organizations in meeting development goals and the entrepreneurial and business management challenges faced by emerging economies in global markets.

We emphasize the collaborative nature of research by designing programs that foster cooperation in a variety of forms. These include receiving fellow members from other centers; sending members of our faculty to other centers; exchanging research, data and newsletters, and running an occasional joint conference.

The Center for Emerging Markets counts with the collaboration of the Banco Sabadell Chair of Emerging Markets, that forms part of IESE's educational and research activity.

Chair of Family-Owned Businesses
Business School Housing? Yes
Number of Faculty: 7
Contact Name: Josep Tapies
Contact Email: cef@iese.edu

Founded in 1987, the Family Business Chair at IESE was the first in Europe in this field. Thanks to the quality of its research and the promotion of its founders, the Chair has extended the knowledge of the family business in its various facets, has consolidated its reputation and has won national and international recognition.

Miguel Angel Gallo, now a professor emeritus of IESE, was the first holder of the Chair between 1987 and 2003. From the October 1, 2003, the academic responsibility for the professor Josep Tàpies.

In line with IESE's mission, the Chair of Family Business is committed to training and guiding family businesses so they can carry out their entrepreneurial initiative with a successful generation change.

Center for Enterprise in Latin America
Business School Housing? No
Number of Faculty: 12
Contact Name: Eduardo Ballarín
Contact Email: cela@iese.edu

The CELA is designed to research the economic reality of Latin American countries and favor the exchange of academic information and experiences with companies in the area. The center's main lines of research are:

- zones

- Social-political legal and fiscal aspects

- management and general management

- financial control

- personnel management and human behavior

- marketing and operations management

- business ethics.

Much of their research centers on ethics and public administration, the use of microfinance facilities and the role of business in Latin American society.

Abertis Chair of Regulation, Competition and Public Policy
Business School Housing? No
Number of Faculty: 1
Contact Name: Xavier Vives
Contact Email: xvives@iese.edu

"The Abertis Chair of Regulation, Competition and Public Policy was created with the aim of developing research, generating ideas and increasing knowledge in the areas of regulation, competition, and public policy. The findings of this research are intended to inspire and educate employers and managers.

The Chair was created in response to the commitment of both Abertis and IESE to the generation, promotion, and discovery of new knowledge, at both an academic and practical level, to business management. Both Abertis and IESE are convinced that the exchange of ideas between business and university institutions and the creation of a harmonized perspective provide effective tools for the advancement of society."

Bertrán Foundation Chair of Entrepreneurship
Business School Housing? Yes
Number of Faculty: 1
Contact Name: Pedro Nueno
Contact Email: pnueno@iese.edu

The Bertrán Foundation Chair of Entrepreneurship promotes entrepreneurship by means of development, research, information dissemination and awareness-raising activities for entrepreneurs and company managers.

Since its creation in 1987, the Chair has promoted a series of instruments aimed at helping in the management and development of business projects. These resources, such as the capital risk fund FINAVES, the magazine Iniciativa Emprendedora or the Business Angels Network, also act as a testing ground for academic research into entrepreneurship.

The aim of the Chair is to stimulate the enterprising spirit and deepen knowledge about the entrepreneurial process, both in newly created companies and new activities launched by companies already in existence.

The Nissan Chair for Corporate Strategy and International Competitiveness
Business School Housing? Yes
Contact Name: NA NA
Contact Email: fgonzalezaller@iese.edu

The Nissan Chair for Corporate Strategy and International Competitiveness develops and promotes all research and teaching methods that affect business management from an international perspective, or simply from the perspective of general management.

The Nissan Chair for Corporate Strategy and International Competitiveness has conducted research in the following areas:

1. The process of globalization. The local origins of international competitiveness.
2. Competitiveness and profitability in the Spanish financial sector. The impact of information technology in general, and of the Internet in particular, on the financial services sector.
3. Integration in processes of mergers and acquisitions.

Other projects have focused on the analysis of competitiveness by sectors, States, and regions.

* The Nissan Chair of Corporate Strategy and International Competitiveness is currently in the process of appointing a new chair to replace Eduardo Ballarín, the previous chair holder since 1990, who passed away on April 27, 2009, at the age of 62.

CEFIE - Center for Family-Owned Business and Entrepreneurship
Business School Housing? No
Number of Faculty: 18
Contact Name: Fernando Casado
Contact Email: cefie@iese.edu

IESE is a school created by and for entrepreneurs. Since its foundation, entrepreneurship and development of family business has been a symbol of its identity. In order to support and promote this vocation, IESE has created the Center for Family-Owned Business and Entrepreneurship, which coordinates both departments and constitutes an interdisciplinary work platform designed for delving into the problems and challenges faced by entrepreneurs and family businesses. The Center has the mission of promoting and supporting entrepreneurship and family business through research, dissemination, and the exchange of information and experiences among the academic and business communities. The fundamental objectives of the center are:

- To research and establish lines of cooperation with other academic and research institutions, as well as with other national and foreign centers of business initiatives and family business

- To promote research and development of entrepreneurship and family business, coordinating the interests of the business community, entrepreneurs, professors, and researchers in the different IESE Departments

- To promote training for entrepreneurs, shareholders, and administrators of family businesses

- To promote the development of entrepreneurs who are leaders and capable of developing sustainable organizations

- To emphasize the social contribution made by entrepreneurs and family businesses

- To disseminate knowledge on research through publications

Chair of Business Ethics
Business School Housing? No
Number of Faculty: 1
Contact Name: Domènec Melé
Contact Email: mele@iese.edu

The global aim of the Chair of Business Ethics (previously known as the Chair of Economics and Ethics) is to overcome the longstanding conceptual separation between ethics and business activities by developing ways to effectively integrate ethics into managerial activity and business organizations. To this end, it seeks to analyze the theoretical foundations and the relationships between ethics and economic activity. In addition, it studies and develops practical aspects of business activity by taking an in-depth look at the development of company cultures; the study and prevention of corruption; the relationships between business and society; as well as ethical, social and cultural aspects of economic globalization; and business performance in developing countries.

The Center for Globalization and Strategy
Business School Housing? Yes
Number of Faculty: 12
Contact Name: Africa Ariño
Contact Email: globalcenter@iese.edu

The Center for Globalization and Strategy aims to be an international benchmark for companies, universities, business schools and governments. It promotes the exchange of ideas in the area of globalization and international strategy.

The Center’s ma

Grupo Santander Chair of Financial Institutions and Corporate Governance
Business School Housing? Yes
Number of Faculty: 2
Contact Name: Jose Manuel Campa
Contact Email: JCampa@iese.edu

The Grupo Santander Chair of Financial Institutions and Corporate Governance promotes research and publications in the area of financial institutions and corporate governance. Its purpose is to foster a wider awareness and understanding of the most important aspects of corporate governance through participation in conferences, the publication of general interest articles and the development of teaching materials.

IESE and Grupo Santander consider the Chair to be an effective platform for the diffusion of a body of knowledge that will contribute to the design and implementation of better business and regulatory policies, and to the growth of the economy and business in general.

International Center of Work and Family
Business School Housing? No
Number of Faculty: 10
Contact Name: Nuria Chinchilla
Contact Email: icwf@iese.edu

The ICWF aims to generate information on the basis of sound research on how to create a family friendly work environment, and as a result a higher quality of life both at work and at home. The information is available to inform policy makers in government and other institutions. Basically, the center's main lines of research are on family responsible HR policies and organizational culture; work family conflict and stress in managerial and dual career families; and career development and success.

IESE Platform for Strategy and Sustainability
Business School Housing? No
Number of Faculty: 10
Contact Name: Christian Seelos
Contact Email: IPSS@iese.edu

The identity of IPSS is grounded in the belief that good management research and education enable good strategic decisions around the global sustainability dynamic.

IPSS works with decision-makers to translate the dynamics around global social and environmental sustainability into meaningful strategic insights to enable companies to survive and strive in balance with long-term interests and needs of society.

'Crèdit Andorrà' Chair of Markets, Organizations and Humanism
Business School Housing? Yes
Number of Faculty: 1
Contact Name: Josep Maria Rosanas
Contact Email: jrosanas@iese.edu

The “Crèdit Andorrà” Chair of Markets, Organizations and Humanism was created with the goal of contributing to improving understanding of markets and organizations as methods of coordinating human activity from a humanist standpoint, in part taking the wo

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Accounting conservatism and corporate governance
Author(s): JM Garcia; B Garcia; F Penalva

We predict that firms with stronger corporate governance will exhibit a higher degree of accounting conservatism. Governance level is assessed using a composite measure that incorporates several internal and external characteristics. Consistent with our prediction, strong governance firms show significantly higher levels of conditional accounting conservatism. Our tests take into account the endogenous nature of corporate governance and the results are robust to the use of several measures of conservatism (market-based and nonmarket-based). Our evidence is consistent with the direction of causality flowing from governance to conservatism, but not vice versa, indicating that governance and conservatism are not substitutes. Finally, we study the impact of earnings discretion on the sensitivity of earnings to bad news across governance structures. We find that, on average, strong-governance firms appear to use discretionary accruals to inform investors about bad news in a timelier manner.

Journal Title: Review of Accounting Studies Volume: 14 Edition: 1 Page Numbers: 161-201
Best practices in credit accessibility and corporate social responsibility in financialinstitutions
Author(s): F Prior; A Argandona

The purpose of this article is to present and discuss some of the financial industry best practices in three emerging economies: Colombia, Ecuador, and Peru. The main thesis is that, notwithstanding the importance of certain specific deficiencies, such as an inadequate regulatory context or the lack of financial education among the population, the main factor that explains the low banking levels in emerging and developing economies, affecting mostly lower-income segments, is the use of inefficient financial service distribution models. In connection with this thesis, we will try to show that traditional financial institutions, both in developing countries and in the advanced economies, have a special social responsibility to help create an efficient financial system that makes saving and borrowing instruments available to the greatest possible number of citizens.

Journal Title: Journal of Business Ethics Volume: 87 Edition: Page Numbers: 251-265
Building legitimacy for IT innovations: The case of computerized physician order entry systems
Author(s): E Kaganer; SD Pawlowski; S Wiley-Patton

Research on IT innovations has largely relied on economic-rationalistic models and focused on individuals or organizations as the unit of analysis. The intent of this paper is to advance an alternative research agenda that explores the institutional underpinnings of IT innovation diffusion at the inter-organizational level. Through a multi- stage research study, we examine the legitimation function of organizing visions for IT innovations and develop a taxonomy of legitimation strategies employed by the proponents of an IT innovation. We first built a preliminary theoretical framework that synthesizes key arguments on legitimacy drawn from the organization theory and IS literatures. Next, we conducted an exploratory case study of institutional entrepreneurship surrounding computerized physician order entry (CPOE) systems. We examined the discursive actions of CPOE vendors by content analyzing 165 press releases issued between 1998 and 2006. We then combined the findings of the literature analysis and the case study to create a taxonomy of discursive strategies for building IT innovation legitimacy. A post-hoc analysis of the case study data reveals a number of interesting patterns in the CPOE vendors¿ use of the legitimation strategies and helps us formulate a set of research questions to guide future investigations. The work reported in this paper lays a foundation for a deeper understanding of the role of legitimacy and legitimation in shaping diffusion of IT innovations. It also contributes to the conceptual and methodological elaboration of the organizing vision framework.

Journal Title: Journal of the Association for Information Systems Volume: 11 Edition: 1 Page Numbers: 12055
Can an SME become a global corporate citizen? Evidence from a case study
Author(s): D Mele; H von Weltzien Hoivik

Global Corporate Citizenship (GCC) is becoming increasingly popular in large corporations, yet it has rarely been considered in small and medium size enterprises (SMEs). A case study of a Norwegian clothing company illustrates how GCC can be also applied to small companies. This case study also shows that SMEs can be very innovative in exercising corporate citizenship, without necessarily following the patterns of large multinational companies. The company studied engages as partner in some voluntary labor initiatives promoted by the Norwegian government, employs people in marginal situations and exerts influence for the adoption of good working conditions in its supply chain. Environmental issues and actions of solidarity are also considered within a global scope. Crucial GCC drivers in this company include an ethics of care and a concern for specific aspects of the common good, along with personal values, character and leadership on the part of the firm's owner-manager.

Journal Title: Journal of Business Ethics Volume: 88 Edition: 3 Page Numbers: 551-563
Career transitions and their causes: A country-comparative perspective
Author(s): W Mayrhofer; M Heras; K Chudzikowski

This empirical paper investigates how individuals conceptualize causes of career transitions, focusing on the three European countries of Austria, Serbia, and Spain in comparison to the USA and China. Collectively, these countries represent four separate cultural regions according to Schwartz. Semi-structured interviews were conducted with members of three occupational groups: business people, nurses, and blue-collar workers. Analysis of the data generates greater insight about the existence of both region-specific patterns as well as potentially universalistic tendencies regarding perceived causes of career transitions. Perceptions of internal (to the person) drivers of career transitions as activating forces are evident in all five countries. The overall results support contemporary notions of occupational careers that are highly individualized, a characterization strongly emphasized in the current career literature. In the European culture clusters, causes of career transitions are attributed internally and externally. China, representing the Confucian cultural region, stresses external causes for career transitions. By contrast, in the USA only internal attributions of causes are reported.

Journal Title: Journal of Occupational and Organizational Psychology Volume: 82 Edition: 4 Page Numbers: 825-849
Corporate social responsibility in the first years of Caja de Pensiones para la Vejez y de Ahorros
Author(s): A Argandona; C Moreno; JM Sola

When Caja de Pensiones para la Vejez y de Ahorros, ''la Caixa'', was created in 1905, it was not just a transient response to a serious social, political, and economic problem; it also provided a permanent solution by creating a long-lasting social welfare institution. In addition, its founder understood the responsibility of social welfare institutions not as an isolated responsibility for each institution, but as part of a harmonious whole that is a true moral entity, with a socio-economic character, independence and unity of nature, purpose and form. The purpose of this article is to show how the conception of corporate social responsibility of Francesc Moragas, the founder of ''la Caixa'', informed the activities of the new institution in a variety of dimensions, including its service to its customers, its economic strengths, its social welfare work and its participation in the creation of Spain''s public social security system.

Journal Title: Journal of Business Ethics Volume: 80 Edition: 3 Page Numbers: 333-346
Corporate social responsibility: One size does not fit all. Collecting evidence from Europe
Author(s): A Argandona; H von Weltzien Hoivik

This article serves as an introduction to the collection of papers in this monographic issue on "What the European tradition can teach about Corporate Social Responsibility" and presents the project's rationale and main hypotheses. We maintain that Corporate Social Responsibility (CSR) is an ethical concept, that demands for socially responsible actions have existed since before the Industrial Revolution and that companies have responded to them, especially in Europe, and that the content of CSR has evolved over time, depending on historical, cultural, political and socio-economic drivers and particular conditions in different countries and also at different points in time. Therefore, there is not - and probably cannot be - a single, precise definition of CSR: one global standard for CSR is unlikely.

Journal Title: Journal of Business Ethics Volume: 89 Edition: 3 Page Numbers: 221-234
Creating an ethical work context: A pathway to generate social capital in the firm
Author(s): D Pastoriza; MA Arino; JE Ricart

There is a need for further research to understand how social capital in the workplace can be promoted. This article studies the generation of social capital from a comprehensive perspective that integrates ethics and general management. We propose the concept of "ethical work context" as an influential antecedent of social capital in the firm. An ethical work context, aligned with the "humanizing culture" approach proposed by Melé (Journal of Business Ethics, 45(1), pp. 3-14, 2003a), allows a broader comprehension of the concrete management practices and organizational dynamics that generate organizational social capital. We argue that social capital, understood as a by-product of an ethical work context, results both from organizational design and ongoing managerial activity. Creating an ethical work context brings ethics and social capital into the realm of the general manager, a figure that has remained absent from the social capital literature.

Journal Title: Journal of Business Ethics Volume: 88 Edition: 3 Page Numbers: 477-489
Credit accessibility and corporate social responsibility in financial institutions: The case of microfinance
Author(s): A Argandona; F Prior

What are financial institutions' social responsibilities in developing countries? On the one hand, they have the generic responsibilities of all human organizations and business enterprises. On the other, their specific social responsibility is to perform the social function of financial intermediaries, which in the case ofemerging countries is mainly to contribute to economic growth and help solve the problem of poverty. In this paper we describe a number oftechnical-economic and moral problems andconsider the performance of banking operations in microfinance, with special reference to Latin America. We also offer a series ofrecommendations which, in addition to contributing to solving the development and poverty problems in emerging countries, help define financial institutions' social responsibility in such countries.

Journal Title: Journal of Business Ethics Volume: 18 Edition: 4 Page Numbers: 349-363
Cross-Cultural Differences on Work-To-Family Conflict and Role Satisfaction: A Taiwanese-British Comparison
Author(s): Lu, L; Cooper, C.L

The aim of this research was to explore relations between work and family demands and resources, work-to-family conflict (WFC), and work and family outcomes in a cross-cultural comparative context involving Taiwanese and British employees. Two-hundred and sixty-four Taiwanese employees and 137 British employees were surveyed using structured questionnaires. For both Taiwanese and British employees, work and family demands were positively related to WFC, whereas work resources were negatively related to WFC. Furthermore, WFC was negatively related to family satisfaction. More importantly, we found that nation moderated relationships between work resources and WFC, WFC and work, and family satisfaction. Specifically, work resources had a stronger protective effect for Taiwanese than British in reducing WFC, whereas WFC had a stronger detrimental effect on role satisfaction for British than Taiwanese. It is recommended that both culture-general and culture-specific effects should be taken into consideration in designing future WFC research and familyfriendly managerial practices. © 2010 Wiley Periodicals, Inc.

Journal Title: Human Resource Management Volume: 49 Edition: 1 Page Numbers: 67-85
Does social performance really lead to financial performance? Accounting for endogeneity
Author(s): R Garcia Castro; MA Arino; MA Canela

The empirical relationship between a firm's social performance and its financial performance is still not well established in the literature. Despite more than 30 years of research and more than 100 empirical studies on the issue, the results are still mixed. We argue that differences found in previous studies are not due exclusively to problems related with the measurement instruments or the samples used. Instead, we argue that a more fundamental problem related with the endogeneity of social strategic decisions could be driving most of the findings. We show using a panel data of 658 firms from 1991-2005 how some of the results found in previous research change and some are even reversed when endogeneity is properly taken into account.

Journal Title: Journal of Business Ethics Volume: 92 Edition: 1 Page Numbers: 107-126
Does stakeholder management have a dark side?
Author(s): C Cennamo; P Berrone; L Gomez Mejia

This article is a first attempt to outline the conditions under which executives might choose to pursue a broad stakeholder management (SM) approach merely in order to enlarge their power. We suggest that managers have wider latitude of action under an SM approach, even when this is instrumental to financial performance. The causal ambiguity of the performance effects of idiosyncratic relationships with stakeholders not only makes SM strategy difficult for competitors to imitate but also increases managerial discretion. When managers use this situation for their own benefit, they can undermine the purported goals of the SM approach. By analyzing some of the factors that might lead to such dysfunctionalities, this article advances a theory of the potential dark side of SM.

Journal Title: Journal of Business Ethics Volume: 89 Edition: 4 Page Numbers: 491-507
Entrepreneurship in and around institutional voids: A case study from Bangladesh
Author(s): J Mair; I Marti

In many developing countries those living in poverty are unable to participate in markets due to the weakness or complete absence of supportive institutions. This study examines in microcosm such institutional voids and illustrates the activities of an entrepreneurial actor in rural Bangladesh aimed at addressing them. The findings enable us to better understand why institutional voids originate and to unpack institutional processes in a setting characterized by extreme resource constraints and an institutional fabric that is rich but often at odds with market development. We depict the crafting of new institutional arrangements as an ongoing process of bricolage and unveil its political nature as well as its potentially negative consequences.

Journal Title: Journal of Business Venturing Volume: 24 Edition: 5 Page Numbers: 419-435
Environmental performance and executive compensation: An integrated agency-institutional perspective
Author(s): P Berrone; LR Gomez Mejia

Relying on institutional theory, agency rationale and environmental management research, we hypothesize that, in polluting industries, good environmental performance increases CEO pay; that environmental governance mechanisms strengthen this linkage; that pollution prevention strategies affect executive compensation more than end-of-pipe pollution control; and that long-term pay increases pollution prevention success. Using longitudinal data on 469 United States firms, we found support for three hypotheses. Contrary to our expectations, firms with an explicit environmental pay policy and an environmental committee do not reward environmental strategies more than those without such structures, suggesting that these mechanisms play a merely symbolic role.

Journal Title: Academy of Management Journal Volume: 52 Edition: 1 Page Numbers: 103-126
Home versus host - Identifying with either, both, or neither?
Author(s): Y Lee

The present study examines the relationship between dual cultural identities and intercultural effectiveness. Upon the evidence of the regulating effects of cultural identities on individuals' cognitive, affective, and behavioral responses to cultural stimuli, we argue that cultural identities cast non-negligible influence on intercultural effectiveness. Focusing on the distinction between identity to one's cultural origin and identity to host culture, we hypothesize that individuals high on both identities are more effective than those low on both of them, followed by those high on one of the identities but low on the other. We apply polynomial regression and the response surface method to data collected from managers and workers with international experience (n = 82) in order to better capture the relationship between dual cultural identities and various aspects of intercultural effectiveness. The hypotheses are generally supported. Theoretical and practical implications on further capitalizing such knowledge are discussed.

Journal Title: International Journal of Cross Cultural Management Volume: 10 Edition: 1 Page Numbers: 55-76
How and why theories matter: A comment on Felin and Foss
Author(s): F Ferraro; J Pfeffer; RI Sutton

Theories matter because they affect behavior and can, under certain circumstances, become self-fulfilling. For a theory to become self-fulfilling, people must be aware of the theory and have the ability to make choices according to its dictates, social and physical arrangements are altered on the basis of the theory's prescriptions, and the proponents have the power to implement social arrangements consistent with the theory. Economics and other social science theories often fulfill these conditions, with implications not only for the work of scholars, but also for how we think about testing theories that can change the world they describe.

Journal Title: Organization Science Volume: 20 Edition: 3 Page Numbers: 669-675
How do newcomers fit in? The dynamics between person-environment fit and social capital across cultures
Author(s): Y Lee; S Reiche; D Song

This paper integrates the concepts of person-environment (PE) fit and social capital and examines the social dynamics of organizational newcomers' development of fit with their new environment in the light of national cultural variations. Specifically, we present a conceptual framework that illustrates how newcomers fit in with their work environment in terms of person-job (PJ) and person-organization (PO) fit through their building and exercising of social capital. We suggest that newcomers' initial fit with their direct supervisor (i.e., PS fit) and their immediate work group fit (i.e., PG fit) will help them to develop structural and relational social capital in the organization, which in turn facilitate the development of greater PJ and PO fit. Acknowledging that social processes are culture-bound, we also examine the moderating effects of individualism/collectivism and power distance on the process of developing PE fit, and we provide insights for both scholars and managers in applying the model.

Journal Title: International Journal of Cross Cultural Management Volume: 10 Edition: 2 Page Numbers: 153-174
Individual pay for performance in Spain: Cognitive sociology and the subsidiary insider perspective
Author(s): J Quintanilla; TG Drape; SG Green

This article examines how individual pay for performance is interpreted, predominantly by non-managerial employees, within the European context, at three subsidiaries of one United States multinational corporation in Spain. This study reveals how two levels of the cognitive socialization process color the lens through which employees view pay for performance and reveals how subsidiary founding, politics of resistance, and host-country effects impact the implementation of the practice. Contrary to past studies in the literature, the study discovered a large number of nonmanagerial employees with a positive interpretation of pay for performance due the influence of pre-existing organizational cultural experiences.

Journal Title: Thunderbird International Business Review Volume: 52 Edition: 3 Page Numbers: 217-230
Integrating personalism into virtue-based business ethics: The personalist and the common good principles
Author(s): D Mele

Some virtue ethicists are reluctant to consider principles and standards in business ethics. However, this is problematic. This paper argues that realistic Personalism can be integrated into virtue-based business ethics, giving it a more complete base. More specifically, two principles are proposed: the Personalist Principle (PP) and the Common Good Principle (CGP). The PP includes the Golden Rule and makes explicit the duty of respect, benevolence, and care for people, emphasizing human dignity and the innate rights of every human being. The CGP entails cooperation to promote conditions which enhance the opportunity for the human flourishing of all people within a community. Both principles have practical implications for business ethics.

Journal Title: Journal of Business Ethics Volume: 88 Edition: 1 Page Numbers: 227-244
Practical wisdom in managerial decision making
Author(s): D Mele

The aim of this paper is to present the need for practical wisdom in the managerial decision making process and its role in that process. The paper seeks to contrast the position with two conventional approaches based on maximizing and satisficing behaviors, respectively. Following Aristotle and Thomas Aquinas, it is argued that a correct decision should consider an "integral rationality", which includes not only "instrumental rationality" but also "practical rationality". The latter permits the evaluation of both means and ends from the perspective of the human good. Practical wisdom helps the decision maker to determine how a decision will contribute to the human good in each particular situation. Maximizing and satisficing behaviors are based on the facts-values dichotomy, which separates business and ethics and presents a rationalistic and incomplete view of reality. The alternative presented here sees the decision as a whole, and this is a more comprehensive understanding of reality. Ethics is better integrated into the decision making process, since it is an intrinsic part of that process, not an extrinsic add-on. Every decision has an ethical dimension, which managers must take into account in order to make good decisions. Practical wisdom is essential in perceiving the ethical dimension and making sound moral judgments. Managers need not only only skills for making correct decisions, but also practical wisdom and moral virtues. The approach presented in the paper defeats the conventional but narrow views of managerial decision making based on maximizing or satisficing behavior and introduces the categories of good and evil as the main drivers of managerial decision making.

Journal Title: Journal of Management Development Volume: 29 Edition: 7-8 Page Numbers: 637-645

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