Some weeks back the April 2013 intake of the International MBA started. Basil Alrayes from Saudi Arabia talks about his first impressions and especially his experiences during the LAUNCH week. Last week I participated in the LAUNCH program, which consisted of a week full of activities designed to prepare the students for the upcoming year.…Details
IE Focus | By Gamaliel Martinez, Professor at IE Business School
The tide is turning. After twenty years of delocation fever among Spanish firms, some of them are now bringing their manufacturing back to Spain. It is a particularly good option for SMEs. After twenty years of delocation fever it would appear that the trend is now reversing, as some companies start to bring their production plants back home, while many more are considering it.
Labour costs have risen in China. The increase in the price of a barrel of oil has impacted the cost of logistics, and some of the hidden costs, such as expatriation, were not calculated properly. Distance has constrained flexibility. Some companies have lost control over their know-how. Quality is uneven. Although manufacturing in Asia (or other places) seemed like such an interesting option only a few years ago, this often turned out not to be the case. According to Fedecon 15% of delocated textil companies have returned to Spain or to countries nearby, and we already have examples in the toy sector, such as Juguettos and Injusa. These are two sectors in which it was supposed that production costs were everything.
Labor costs are going down in Spain resulting in an improvement in levels of competitiveness in the international market. Bringing production back to Spain is now a real option which would improve quality, response time, and enable greater control over processes, all this at a very similar cost. Coming back seems to be a simple choice, given that in the majority of cases, and particularly in the case of SMEs, the companies in question did not make enormous investments in production plants, preferring to subcontract production, to the detriment of local plants. Nevertheless it is entirely possible that those businesses that decided to delocate at the time have lost all or part of their know-how and may even have closed down their factories, making it very expensive for them to return to Spain.Details
IE Business School and the Massachusetts Institute of Technology (MIT) have been collaborating in both the US and Spain for some time now, primarily through the offering of a Dual Degree option for the International MBA, our 1-year full time MBA program. Until now, graduates of the Dual Degree could go on to complete a…Details
During a period of 1 week, several top journalists from major Indian media vehicles made several stops at major Spanish organizations, including: IE Business School; Indian Embassy to Spain; the Zarzuela Palace for a private audience with HRH Prince Felipe; Spanish Minister of State for External Affairs; Real Madrid FC; as well as top companies…Details
In order to join the Global Executive MBA candidates should have more than 10 years of work experience averaging 13-14 years. Participants are coming from a broad variety of cultures, industries, functions and scopes of job. All of them are managing teams, budgets and other resources for more than 3 years. You can imagine the wealth of experience accumulated in this group….
Watch the following videos to learn how participants learn from each other and enjoy the richness of experiences.
Enjoy as well some individuals comments from participants from the last intakes:Details
Professor Zhijian Cui will be travelling through Asia in June to talk about “How to reinvent your company”. He will address questions like: Do companies lose their innovation drive? Why are start-ups more innovative than multinational companies? Can innovation be structured and institutionalized? Cui’s highlights the importance of innovating business models and developing a framework on…Details
I’ve known Entrepreneurship Professor Max Oliva for some years now, and he’s always struck me as someone who stands out from the rest for one reason or another. When I first knew him it was because I thought he was insultingly young for what he was doing and saying. My mistake, of course, because he always gave…Details
Although this video runs for just three minutes, it actually took six months to shoot from the moment Operations Management professor Cui Zhijian and I first talked about it. It wasn’t because I thought it was necessary for Prof. Cui Zhijian to go to Beijing to do it, or that we needed support of other actors or…Details
Moritz is a passionate entrepreneur with a strong drive to revolutionize the offline shopping experience through the stocard App. After graduating from IE Business School, Moritz has been working on his business venture and is currently holding the position of Business Development/CFO of Stocard, Germany. Here is his entrepreneurial story: Are you tired of the mess in your wallet…Details
IE celebrated this week its 3rd Venture Day in Shanghai. The program was made up of 12 IE startup projects from the Global Executive MBA and Executive MBA+ programs presenting to a Jury of 10 local and international investors, including James Tan from Beijing, Casey Wahl from Tokyo and several local Chinese investors and venture…Details
IE Business School has announced the fifteen finalists of the first edition of its Prize for Economic Journalism in Asia. Entries for the competition comprised 130 articles, reports, interviews and other media formats from more than 60 media organizations in the region. The competition is sponsored by CAF- Development Bank of Latin America. The entries…Details
Are you an entrepreneur? Are you planning to set-up your business with a strong social commitment? Then have a closer look to the IE University Social Entrepreneurship Summer School… Oh! You are not High School student? Sorry… IE University would like to offer high school students a unique experience of taking part in the Social…Details
There’s a Japanese proverb that says that the person who makes poor quality goods is worse than a thief, because he makes things that neither last nor provide true satisfaction, while a thief at least redistributes wealth in society. Well, when it comes to quality Prof. María Eugenia Girón knows everything there is to know. Here she…Details
It is difficult to get a sense on how students spend their non-lecture time at IE. For potential candidate this piece of information however is important as a Master degree in a foreign country should not just only be about academics and learning. Immersing into culture, learning Spanish and build up the personal and professional…Details