News & Highlights

  • JANUARY 2021

Virtual Discussion: Power, Democracy, and Social Change

At our first online event in 2021, we had an engaging conversation on Power, Democracy and Social Change with HBS Professor Julie Battilana and HKS Professor Marshall Ganz, moderated by Professor Steven Levistsky, Director of the David Rockefeller Center for Latin American Studies at Harvard University. The discussion focused on power and leadership in the context of mutual respect: learning how to disagree, being heard and seen, and having an impact when trying to change the system for a more democratic world. Over 180 people attended the event including alumni, HBS Latin America Advisory Board members and business leaders.
  • NOVEMBER 2020

Virtual Event: Innovation during COVID-19 at Grupo Falabella

In November, LARC partnered with Harvard Business Publishing for an event on Innovation during COVID-19. Gastón Bottazzini, MBA´97, CEO of Grupo Falabella, was interviewed by Amy Bernstein, Harvard Business Review Editor, to explore how Falabella has continued to thrive amidst the COVID-19 pandemic. Gastón explained that the pandemic led the company to rethink the way it operated and described the digital transformation that Falabella underwent. He also spoke about scalability solutions and the Falabella Academy. More than 150 attendees from Latin America including business leaders, alumni, and HBS board members joined the webinar.
  • October 2020

24 Hours of Harvard

Worldwide Week at Harvard showcases the breadth of Harvard’s global engagement through academic and cultural events with global or international themes. On October 7th-8th, 2020, Harvard broadcasted 24 Hours of Harvard, which featured 24 consecutive hours of around-the-clock and around-the-world events and activities. LARC contributed by creating a one-hour video that showcased the center’s work, from representing the University and the School in the region, to contributing to the research work and the development of case materials across Latin America.
  • October 2020

Thomaz Galvao

MBA Perspectives is a collection of HBS student profiles that highlight student experiences across different geographies and industries. These profiles provide prospective students with insight into life at HBS. In this article, Brazilian student Thomaz Galvao discusses what brought him to HBS and the new venture that he and four other HBS RC students are incubating in the i-lab.

New Research on the Region

  • January 2021
  • Case


By: Joshua D. Margolis and Fernanda Miguel

Two weeks after Cinepolis released a documentary film about corruption, a judge ordered its provisional suspension, claiming it had to be edited before it continued to be shown, against Mexican cinematography laws. Cinépolis, Latin America’s largest movie theater chain and the fourth largest in the world, welcoming 134 million moviegoers in 2011, had never distributed a film in its 40-plus years of existence, nor had there ever been an instance of pro-bono distribution in Mexico. Presumed Guilty, the country's highest grossing documentary, not only achieved commercial success but also fueled a revolution in Mexico’s judicial system. Alejandro (as he was called by everyone who worked with him) knew he faced a difficult decision. What risks would Cinépolis run if he chose to fight for freedom of speech? How far was he willing to take such a fight?

  • January 2021
  • Teaching Material

A Half-Deal

By: Marco Di Maggio, Pedro Levindo and Carla Larangeira

In June 2020, XP and Itaú faced intensified competition and tension in their partnership, with the latter owning a minority stake at XP. Two years earlier, in May 2017, Itaú had announced it would acquire 49.9% of XP for $1.8 billion, followed by three additional stages leading to company control.  Yet in August 2018, Brazil’s Central Bank, partially barred the deal, stating Itaú could become a minority shareholder.Tensions surfaced as soon as the deal was formalized, with both companies engaging in public attacks across several marketing campaigns, with Itaú estimated to lose around $27 million a day to XP from client migration. Moreover, XP faced increased competition from emerging investment platforms that were gaining ground in Brazil´s market. By mid-2020, XP´s financial results had skyrocketed, taking in $190 million in net income and $743 million in total revenues. As Guilherme Benchimol, XP´s CEO, looks ahead, he must define what strategies they should pursue to achieve further growth, considering competitive forces and market opportunities at hand.

  • 2021
  • Book Chapter

International Business History and the Strategy of Multinational Enterprises: How History Matters

By: Geoffrey Jones and Teresa da Silva Lopes

This chapter provides an overview of the evolution of international business over the long-run as well as the strategies of MNEs. It highlights how strategies became more complex over time with MNEs moving from being coordinators of resources and managers of geographical distance to orchestrators of global value creating centers, a role which is changing again as value chains are curbed in response to the growth of political nationalism. The chapter further highlights the recent dialogue between international business history and international business strategy, and discusses opportunities for further interdisciplinary collaboration between the two disciplines in the production of research that is not only of relevance for academics, but is also of significance in explaining today’s business world. The chapter challenges the idea that many unexpected international business challenges require strategies by MNEs that are labelled as ‘new’. Overall, it demonstrates how history can refine theory, and how it provides learning opportunities for researchers in international business, practitioners and policy makers.

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Buenos Aires Staff

Fernanda Miguel
Christopher P. Torto Executive Director
Mariana Cal
Assistant Director, Research
Jenyfeer Martínez Buitrago
Research Associate
Maria Martha Ruiz Melo
Office Manager

São Paulo Staff

Ruth Costas
Senior Researcher
Patricia Thome
Office & Program Manager
Pedro Levindo
Senior Researcher

Mexico City Staff

Carla Larangeira
Senior Researcher