The Cook

One of my all-time favorite films is The Cook, The Thief, His Wife, and Her Lover by Peter Greenaway. It’s a great story and the cinematography is excellent. I would’ve loved to have been able to render my own small homage to this film, but unfortunately there are no thieves I can think of around here…


Tyba wins TNW Startup Rally

Tyba, a project from IE University BBA program, wins the Public Vote Award of this year The Next Web Europe Conference. Tyba, created by Eiso Kant (22), Jorge Schnura (22) and Philip Von Have (24), all final-year students of IE University’s Bachelor in Business Administration, is an online recruitment tool that permits students and recent graduates…


LAUNCH is just the start…

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.…


Relocation, another opportunity for SMEs?

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.


The wealth of experience: Global Executive MBA

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: 


How to reinvent your company

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…


Take me way up

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…


Beijing Opera

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…


IE Entrepreneur Stories: Stocard

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…


IE Venture Day in Shanghai

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…