Affiliation:
1. Tecnologico de Monterrey, Mexico
Abstract
This chapter seeks to explain the common features of the ideologies and practices of management in Latin America. Using an institutional approach, the authors show that specific historical, social, and economic conditions have shaped a certain way of management unique to this region. Latin America´s colonial heritage and its contemporary institutions have led to a hybrid managerial ideology that defines how firms interact with their local and global environments.
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