Luis Banchero Rossi (1955-1972), the best entrepreneur in Peru’s fishmeal industry: market governance, social capital, and embeddedness

Journal of Evolutionary Studies in Business

View Publication Info
 
 
Field Value
 
Title Luis Banchero Rossi (1955-1972), the best entrepreneur in Peru’s fishmeal industry: market governance, social capital, and embeddedness
 
Creator Wong, David
Hernández Lefranc, Harold
 
Subject Business; History and Economics
Luis Banchero Rossi; social capital; fishmeal; market governance; transaction costs; tacit knowledge
HD72-88
 
Description In the 20th century, Peru was one of the major fishmeal producers worldwide. Luis Banchero Rossi (1929-1972) was the main driving force behind this economic boom. This article discusses how, given a set of historical conditions favoring such a setting, Banchero’s business performance surpassed that of other Peruvian and foreign producers in the industry, and enabled this development. This research uses complementary methodologies; i.e., case study work and financial databases. The authors find that Banchero’s share in Peru’s total exports reached 15.3 % in 1968, far above the next largest Peruvian exporter. In this regard, Banchero operated his organization following a set of criteria, called market governance by Williamson, plus several advantages, including negotiation abilities, social capital formation, human capital management, and tacit knowledge development, building on Peru’s specific sociological conditions. These conclusions help understanding how an entrepreneur of humble origins like Banchero worked around a commodity such as fishmeal to become a successful business leader worldwide.
 
Publisher Universitat de Barcelona
 
Contributor Universidad del Pacífico
 
Date 2021-07-01
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
Case method
 
Format application/pdf
 
Identifier https://revistes.ub.edu/index.php/JESB/article/view/j095
10.1344/jesb2021.2.j095
 
Source Journal of Evolutionary Studies in Business; Vol 6, No 2 (2021); 151-179
Journal of Evolutionary Studies in Business; Vol 6, No 2 (2021); 151-179
2385-7137
 
Language eng
 
Relation https://revistes.ub.edu/index.php/JESB/article/view/j095/34594
https://revistes.ub.edu/index.php/JESB/article/downloadSuppFile/j095/8107
/*ref*/<p>Arguedas, José María. 1983. <em>El zorro de arriba y el zorro de abajo</em>. Tomo V de <em>Obras completas</em>. Lima: Editorial Horizonte.</p><p>Abramovich, Jaysuño. 1973. <em>La industria pesquera en el Perú: Génesis, apogeo y crisis.</em> Lima: Universidad Nacional Federico Villarreal.</p><p>Barney, Jay. 1991. “Firm resources and sustained competitive advantage”. <em>Journal of Management</em> 17(1): 97-98. doi: <a href="https://doi.org/10.1177%2F014920639101700108">10.1177%2F014920639101700108</a>.</p><p>Brundenius, Claes. 1973. “The rise and fall of the Peruvian fishmeal industry.” <em>Instant Research on Peace and Violence</em> 3: 149–58.</p><p>Caravedo Molinari, Baltazar. 1979. <em>Estado, pesca y burguesía 1939-1973</em>. Lima: Centro de Proyección Cristiana.</p><p>Clarke, Nathan. 2018. “La revolución peruana y los trabajadores en Chimbote, 1968-1973.” In <em>La revolución peculiar: repensando el gobierno militar de Velasco</em>, edited by Carlos Aguirre, and Paulo Drinot, 353-88. Lima: Instituto de Estudios Peruanos.</p><p>Cushman, Gregory. 2018. <em>Los señores del guano. Una historia ecológica global del Pacífico.</em> Lima: Institutos de Estudios Peruanos.</p><p>Flores Galindo, Alberto and Denis Sulmont. 1972. <em>El movimiento obrero en la industria pesquera: el caso de Chimbote</em>. Lima: Programa Académico de Ciencias Sociales de la Pontificia Universidad Católica del Perú; Taller Urbano Industrial.</p><p>Flores Galindo, Alberto. 2001. <em>Los rostros de la plebe</em>. Barcelona: Crítica.</p><p>Granovetter, Mark S. 1992. “Problems of explanation in economic sociology.” In <em>Networks and organizations: Structure, form and action</em>, edited by Nitin Nohria and Robert G. Eccles, 25-56. Boston: Harvard Business School Press.</p><p>Hernández Lefranc, Harold. 2020. “<em>El caso Banchero</em>, de Guillermo Thorndike: fuente impresa que explica el <em>culto</em> a Luis Banchero Rossi, santo secular, en Lima.” <em>Anthropologica</em> XXXVIII (44): 297-318. doi: <a href="https://doi.org/10.18800/anthropologica.202001.012">10.18800/anthropologica.202001.012</a>.</p><p>Malpica, Carlos. 1992. <em>El poder económico en el Perú: Empresas de capital extranjero</em>. Lima: Perugraph.</p><p>Mussolino, Donata, and Andrea Calabrò. 2014. “Paternalistic leadership in family firms. Types and implications for intergenerational succession.” <em>Journal of Family Business Strategy </em>5: 197-210. doi: <a href="https://doi.org/10.1016/j.jfbs.2013.09.003">10.1016/j.jfbs.2013.09.003</a>.</p>Nahapiet, Janine and Sumantra Ghoshal. 1998. “Social capital, intellectual capital, and the organizational advantage.” <em>Academy of Management Review </em>23: 242-66. doi: <a href="https://doi.org/10.2307/259373">doi.org/10.2307/259373</a>.<p>Nonaka, Ikujiro, Patrick Reinmoeller, and Dai Senoo. 1999. “El ‘ART’ del conocimiento: sistemas para rentabilizar el conocimiento de mercado”. <em>Harvard Deusto Business Review</em> 92: 6-21.</p><p>Polanyi, Michael. 1966. <em>The Tacit Dimension</em>. Chicago: The University of Chicago Press.</p><p>Porter, Michael. 1991. <em>La ventaja competitiva de las naciones</em>. Buenos Aires: Vergara.</p><p>Portocarrero, Felipe. 1992. <em>Compendio estadístico del Perú 1900-1990</em>. Lima: Universidad del Pacífico.</p><p>Quiroz, Alfonso. 2013. <em>Historia de la corrupción en el Perú</em>. Lima: Instituto de Estudios Peruanos.</p><p>Roemer, Michael 1970. <em>Fishing for growth Export-led development in Perú 1950-1967</em>. Cambridge: Harvard University press.</p><p>Rossi, Benito. 2011. <em>La pesca en el Perú. Remembranzas de una vida en la industria 1955-2005</em>. Lima: QG Editores.</p><p>Seminario, Bruno. 2015. <em>El desarrollo de la economía peruana en la era Moderna. Precios, población, demanda y producción desde 1700</em>. Lima: Universidad del Pacífico.</p><p>Spender, J. C. 1993. “Competitive advantage from tacit knowledge? Unpacking the concept and its strategic implications.” <em>Academy of Management Best Papers Proceedings</em> 1: 37–41. doi: <a href="https://doi.org/10.5465/ambpp.1993.10315222">10.5465/ambpp.1993.10315222</a>.</p><p>Spender, J.C. 1996. “Making knowledge the basis of a dynamic theory of the firm.” <em>Strategic Management Journal </em>17 (S2): 45-62. doi: <a href="https://doi.org/10.1002/smj.4250171106">10.1002/smj.4250171106</a>.</p><p>Thorndike, Guillermo. 1980. <em>El Caso Banchero</em>. Lima: Mosca azul.</p><p>Thorndike, Guillermo. 2019. <em>El Caso Banchero</em>. Lima: Planeta.</p><p>Thorp, Rosemary, and Geoffrey Bertram. 2013. <em>Perú 1890-1977: Crecimiento y políticas en una economía abierta</em>. Lima: Universidad del Pacífico.</p><p>Vásquez, Enrique. 2000. <em>Estrategias del poder. Grupos económicos en el Perú</em>. Lima: Universidad del Pacífico.</p><p>Williamson, Oliver. 1985. <em>The economic institutions of capitalism</em>. New York: The Free Press.</p>
 
Coverage Latin America
20th century

 
Rights Copyright (c) 2021 Journal of Evolutionary Studies in Business
 

Contact Us

The PKP Index is an initiative of the Public Knowledge Project.

For PKP Publishing Services please use the PKP|PS contact form.

For support with PKP software we encourage users to consult our wiki for documentation and search our support forums.

For any other correspondence feel free to contact us using the PKP contact form.

Find Us

Twitter

Copyright © 2015-2018 Simon Fraser University Library