Management Education in Latin America Latin Americas I

Management Education in Latin America

Latin America’s………. I. Evolution of Management Education II. Need for Business Ethics III. Challenges Facing Management Education Today

Plato and Aristotle from the beginning……. *Social political and economic influence *Agriculture, the noblest professsion followed by the millitary *Roman Catholic Church assumed a dominant role in determining what was right for society at all phases

Low social status of management Although a factor of production and an important determinant of economic and industrial development, it was considered inferior to fine arts, law, or medicine. n The church, having control over the entire educational system, enforced the neglect of management education. n

Early signs of managerial training arrive in the 1960’s…. . Law schools n Several countries began to establish business school programs n Private investment in academic and practical management education was limited and the government was reluctant to invest n

Alliance for Progress 1961 Accelerated social and economic development n Fair wages, satisfactory working conditions, fiscal and monetary reforms, stimulation of private enterprise, integration n Vatican officially supported move to stimulate economic prosperity while improving social conditions n

Need for Business Ethics Politicians and governmental agents’ low ethical standards hinder business growth n Companies establish codes of conduct and ethics training programs n Associations within the region establish standards of ethical behavior n

Today’s Challenges…… n “Competitiveness is the quality of the economic and institutional environment for the sustainable development of private productive activities and increasing in productivity. ” Heckman, Pages, Inter-American Development Bank

Increases in productivity means the adoption of new technologies Investment in information technology is more effective when the labor force is highly skilled n Quality of math and science education in the bottom third of a sample of 59 countries n

In Summary…. Spending on technology in a burdensome regulatory environment with an ineffective public education system and weak property rights, will be money wasted. n Better labor legislation will allow for each country to take advantage of advances as they are implemented. n Sebastion Edwards Study, 2001