Are business schools useful for family businesses? IESE’s influence on three significant Spanish firms

Abstract

This article deals with the long-term impact of business schools on the organizational and growth strategies of their client-firms. Although it is crucial to understand the global influence of business schools, this issue has been rarely approached from a historical perspective. Our research focuses on the relationship developed between the Instituto de Estudios Superiores de la Empresa (IESE) and the family firms Salvat, Puig, and Lladró through their professor-consultants and student-clients from 1958 to the 1990s. This analysis allows, first, to identify the exogenous and endogenous forces participating in the making of IESE, a world-leading business school in the 21st century. Second, we show that IESE’s early executive education programs provided expert knowledge, consulting services, and networks that amplified the school’s influence in the long-term development of its client firms. Third, we explain the engagement
of IESE and some of its associated firms in the worldwide academic legitimation of family business studies that took place from the 1980s onwards.