A Strategic Impact Model for Latin American Business Schools

The main aim of this paper is to contribute to the understanding of the evolution and different models of development of Latin American business schools. For this we analyze data from the AmericaEconomia MBA Rankings for the period 2015 to 2019 and build a panel with quantitative data and performance indicators. Using these data, we analyze the recent evolution of 26 business schools located in nine Latin American countries, which gives us a perspective of what is the current state of affairs in different countries of Latin America in terms of business education. We also perform a formal statistical procedure, applying a cluster analysis in order to group business schools in terms of a set of indicators. Using the results of our cluster analysis we propose a taxonomy for Latin American Business Schools. Finally, we put forward a business school strategic impact model, which includes three dimensions, namely: (i) BS Resources and Scope; (ii) BS Outputs and (iii) BS Value Perceptions. This strategic impact model is used as a benchmark to analyze the business school’s types identified in our taxonomy and to propose policy recommendations for business schools, rankings, and accreditations.