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Juana García and Veneta Andonova

Join us in the course Doing Business in Latin America. In this course, you will learn about the characteristics of the biggest multilatinas, how they have built their domestic and international competitive advantage, and you will identify which are the challenges and innovations to achieve the sustainability of their superior economic performance.

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Join us in the course Doing Business in Latin America. In this course, you will learn about the characteristics of the biggest multilatinas, how they have built their domestic and international competitive advantage, and you will identify which are the challenges and innovations to achieve the sustainability of their superior economic performance.

The course includes videos presenting and explaining the topics, learning and evaluation activities, interviews, reviews, reports, and additional bibliography. Assessment activities are designed so that you get feedback, which is saved in the platform, so that you can pick up where you left off when you go online again.

Our educational focus enables meaningful and practical learning, in which students build knowledge through their own reflection, their own experience, and genuine cooperation with others.

All the learning activities on the course were designed with these principles as a basis. We will guide you through a series of videos and practical assignments that will allow you to reflect on and understand the economic, social, and environmental challenges and opportunities that have allowed multilatinas to build their leadership in and from the Latin American region.

This course is for those who want to expand their knowledge about Latin American companies’ businesses. In particular, it is designed for those who want to understand how international success stories are built in the region and how many challenges have turned into opportunities for the business sector. This course does not require any previous knowledge and therefore it is especially relevant for people in academic training, who want to complement their studies or to have a space for reflection and interaction with others who are interested and experienced in this field. Finally, this course can be useful for professors in the field of international business and strategy, who want to gain in-depth knowledge about multilatinas and companies in Latin America.

At the end of this course, you will understand thoroughly the most important concepts regarding internationalization topics. You will understand the opportunities offered by the Latin American context that has forced multilatinas to become resilient, to create new value propositions in their activities, and often to rethink the role they play in the territories where they operate. In the final assignment, you will record a video in which you will make a summary of the advantages of doing business in the Latin American region, based on what you have reflected on and learned. This way you will demonstrate your capacity of giving a precise, informed and revealing opinion about the topic.

The course is designed to last 4 weeks with a workload of 6-7 hours per week, but you can take as long as you need. All the information about your participation and progress will always be available and updated on Coursera. You can pick up in the activities you left off. For example, you can watch a video as many times as you want, pause it to take notes or put it off while you consult some of the additional bibliography that we provide you with. Finally, this course is part of the specialization Doing Business in Latin America, created by Universidad de los Andes, Instituto Tecnológico de Monterrey, and Pontificia Universidad Católica de Chile. We invite you to take the other two courses if you have not yet taken them.

This course is for people who want to expand their knowledge about Latin American companies’ businesses. In particular, it is designed for those who want to understand how international success stories are built in the region and how many challenges have turned into opportunities for the business sector. This course does not require any previous knowledge and therefore it is especially relevant for people in academic training, who want to complement their studies or to have a space for reflection and interaction with others who are interested and experienced in this field. Finally, this course can be useful for professors in the field of international business and strategy, who want to gain in-depth knowledge about multilatinas and companies in Latin America.

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What's inside

Syllabus

How do multilatinas create competitive advantage?
Welcome! On this course you will learn about the most distinctive characteristics of multilatinas and come to understand how they create their competitive advantage. It has traditionally been said that multilatinas create their competitive advantage through costs, but in recent years, several multilatinas, as well as achieving efficiency, have sought competitive advantage through differentiation.
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Traffic lights

Read about what's good
what should give you pause
and possible dealbreakers
Explores how multilatinas create competitive advantage, which is standard in business education
Taught by Juana García and Veneta Andonova, who are recognized for their work in Latin America business
Examines the impact of new technologies in Latin America's business and economic development, which is highly relevant to business leadership
Develops skills in understanding internationalization strategies, which are core skills for business leaders
Teaches skills in understanding the role of natural resources in the development of Latin American economies, which are essential for business leaders in the region
Teaches skills in evaluating the role of the state in industrial policies, which is critical for business leaders in Latin America

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Reviews summary

Strategic insights for latin american business

According to learners, this course offers a solid introduction to the intricacies of doing business in Latin America, particularly focusing on the role and strategies of multilatinas. Students found the content to be well-structured, providing a clear overview of competitive advantage, internationalization, and innovation within the region. The video lectures and real-world examples are consistently highlighted as engaging and insightful. However, some reviews suggest that while it's an excellent starting point for beginners, more experienced professionals might find certain aspects to be high-level or wish for more up-to-date statistics on current economic trends.
An ideal starting point for those new to the subject.
"I highly recommend it for anyone starting to explore this market."
"Good for someone new to the topic."
"I feel it's more geared towards beginners or those with limited exposure to the region..."
"Good general overview, especially for newcomers."
Learners value the clear and actionable real-world examples.
"The insights into multilatinas were particularly valuable, especially how they leverage local competitive advantages."
"I appreciated the real-world examples and the focus on innovation."
"The modules on internationalization strategies were incredibly clear and provided actionable frameworks."
"The blend of theoretical concepts and practical applications through case studies was excellent."
Provides an excellent foundational understanding of the region.
"This course provided a fantastic overview of doing business in Latin America."
"A solid introduction to the region's business landscape."
"A comprehensive and engaging course that truly demystifies the Latin American business environment."
"Truly practical insights! The course's exploration of competitive advantage and challenges faced by multilatinas was eye-opening."
Opinions vary on the challenge and suitability of assignments.
"The final video assignment was a bit challenging to produce for some, but I guess it forces you to synthesize knowledge."
"The content is solid, but the quizzes felt too simple and didn't really test deeper understanding."
"I was hoping for more challenging assessment activities. The video assignment is a good idea but might not be suitable for everyone."
Some topics could benefit from more depth and updated information.
"Found some of the statistics and examples to be a few years old. Could use an update."
"Some parts felt a bit high-level, and I wished for more in-depth case studies for specific industries."
"While the course provides a good foundation, I found some of the information to be slightly outdated, especially regarding current economic trends."
"I was looking for a bit more advanced analysis... I felt some topics could have been explored with more analytical rigor."

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Doing Business in Latin America with these activities:
Review the concept of competitive advantage
Refreshing your knowledge on competitive advantage will provide a solid foundation for understanding the core concepts discussed in this course.
Browse courses on Competitive Advantage
Show steps
  • Review your notes or textbook readings on competitive advantage
  • Watch a short video or read an article summarizing the concept
  • Reflect on how it applies to the context of Latin American companies
Show all one activities

Career center

Learners who complete Doing Business in Latin America will develop knowledge and skills that may be useful to these careers:
Financial Analyst
A Financial Analyst is a financial expert who understands economics and business strategy. This course teaches about competitive advantage which is useful in modeling, forecasting, and evaluating financial and business performance. This course helps build a foundation for financial advising by teaching about the development of multinational businesses in Latin America, and about the opportunities and challenges that have allowed them to build their business leadership in and from Latin America.
Investment Banker
Investment Bankers need to know about business and economics. This course teaches about the development of multinational businesses in Latin America, and the opportunities and challenges that have allowed them to build their leadership in and from Latin America. This is relevant to an investment banker who works with Latin American companies or plans to.
Management Consultant
Management Consultants provide consulting services to businesses to help them improve their performance, advising on business strategy. This course teaches about the development of multinational businesses in Latin America, and about the opportunities and challenges that have allowed them to build their business leadership in and from Latin America. This is relevant to a management consultant who works with Latin American companies or plans to.
Sales Manager
Sales Managers need to keep up-to-date on best practices in business. This course teaches about the development of multinational businesses in Latin America, and about the opportunities and challenges that have allowed them to build their business leadership in and from Latin America. This knowledge may help a Sales Manager better understand the Latin American market and the companies within it.
Product Manager
Product Managers need to keep up-to-date with business trends and be well-versed in the market. This course teaches about the development of multinational businesses in Latin America, and about the opportunities and challenges that have allowed them to build their business leadership in and from Latin America. This may help a Product Manager plan or adjust the feature set of their product to better serve Latin American markets.
Market Research Analyst
Market Research Analysts need to keep up-to-date with business. This course teaches about the development of multinational businesses in Latin America, and about the opportunities and challenges that have allowed them to build their business leadership in and from Latin America. This may help a Market Research Analyst understand the Latin American market and the companies within it.
Business Analyst
Business Analysts need to keep up-to-date with business. This course teaches about the development of multinational businesses in Latin America, and about the opportunities and challenges that have allowed them to build their business leadership in and from Latin America. This may help a Business Analyst understand the Latin American market.
Strategy Consultant
Strategy Consultants need to keep up-to-date with business and economics. This course teaches about the development of multinational businesses in Latin America, and about the opportunities and challenges that have allowed them to build their business leadership in and from Latin America. This knowledge may be useful to a Strategy Consultant who works with or advises Latin American companies.
Consultant
Consultants need to keep up-to-date on trends in business. This course teaches about the development of multinational businesses in Latin America, and about the opportunities and challenges that have allowed them to build their business leadership in and from Latin America. This course may interest a consultant who is interested in working with or advising Latin American businesses.
Data Analyst
Data Analysts need to keep up-to-date on technology. This course teaches the impact of new technologies on Latin America's business and economic development. This course may introduce a Data Analyst to new technologies that they may not have been familiar with before.
Operations Manager
Operations Managers need to keep up-to-date with the latest in business. This course teaches about the development of multinational businesses in Latin America, and about the opportunities and challenges that have allowed them to build their business leadership in and from Latin America. Operations Managers who wish to work with or manage teams in Latin America may find this course helpful.
Entrepreneur
Entrepreneurs need to be aware of the trends in business. This course teaches about the development of multinational businesses in Latin America, and about the opportunities and challenges that have allowed them to build their business leadership in and from Latin America. This background knowledge may help an entrepreneur plan for the future and to adapt to changing market forces.
Business Development Manager
Business Development Managers need to keep up-to-date on trends in business, and improving their knowledge of Latin America may create new business opportunities. This course teaches about the development of multinational businesses in Latin America, and about the opportunities and challenges that have allowed them to build their business leadership in and from Latin America.
Project Manager
Project Managers need to keep up-to-date on business. This course teaches about the development of multinational businesses in Latin America, and about the opportunities and challenges that have allowed them to build their business leadership in and from Latin America. Project Managers who work with or manage teams in Latin America may find this course to be of interested.
Marketing Manager
Marketing Managers need to keep up-to-date on trends in business. This course teaches about the development of multinational businesses in Latin America, and about the opportunities and challenges that have allowed them to build their business leadership in and from Latin America. This may be of interest to a Marketing Manager who works with teams in Latin America.

Reading list

We've selected seven books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Doing Business in Latin America.
Provides region-specific advice on how to do business in Latin America, including cultural considerations and negotiation strategies.
Provides a detailed overview of Latin America's economic development.
Provides in-depth information about multinational corporations, including sections on case studies from Latin America.
Provides information on the impact of globalization on the economic development of Latin America.
This compiled resource of research and scholarship on Latin America, likely to be helpful as a research tool.
Provides background on the importance of globalization and provides country-specific (including Latin American) examples.

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