Marcelo Bucheli

Marcelo Bucheli

Professor of Business Administration and Academic Director of iDegrees

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Biography

Marcelo Bucheli is professor of business administration, having joined the University of Illinois at Urbana-Champaign in 2005. Before that, he was the Newcomen fellow in business history at Harvard Business School and an assistant professor at Universidad de los Andes (Colombia) Department of Economics. His research interests include the political economy of foreign direct investment, business history, and the intersection of history and management theory. Bucheli was an associate for the Center for Advanced Study at the University of Illinois and has received multiple MBA Teaching Excellence Awards from Gies College of Business. He was the Dunning fellow in international business at the University of Reading (UK) and a visiting professor at the École Polytechnique (Paris). He was the winner of the Global Strategy Journal 2024 Best Paper Prize among other awards. He has also earned two history degrees from Stanford University, an MA in 1998 and a PhD in 2002.

Contact

198 Wohlers Hall

1206 S Sixth St

Champaign, IL 61820

217-244-0208

mbucheli@illinois.edu

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Educational Background
  • Ph.D., History, Stanford University, 2002
  • M.A., History, Stanford University, 1998
  • M.A., Economics, Universidad de los Andes, 1993
  • B.S., Economics, Universidad de los Andes, 1991

Positions Held
  • Academic Director of iDegrees, Online Programs, University of Illinois at Urbana-Champaign, 2023 to present
  • Professor of Business Administration, Business Administration, University of Illinois at Urbana-Champaign, 2023 to present
  • Area Chair of the Strategy, Entrepreneurship, and International Business Area, Business Administration, University of Illinois at Urbana-Champaign, 2021-2023
  • Associate Professor of Business Administration, Business Administration, University of Illinois at Urbana-Champaign, 2011-2023
  • Assistant Professor of Business Administration, Business Administration, University of Illinois at Urbana-Champaign, 2005-2011
  • Assistant Professor in Economic History, School of Economics, Universidad de los Andes, 2004
  • Newcomen Fellow in Business History, Harvard Business School, 2004

Recent Publications
  • Lluch, A., Monsalve Zanatti, M., & Bucheli, M. (2024). A Business History of Latin America. New York.  link >
  • Bucheli, M., Lluch, A., & Monsalve Zanatti, M., Andrea Lluch, Martín Monsalve Zanatti, Marcelo Bucheli (Ed.) (2024). Latin American Business History from the Perspective of the Twenty-First Century. A Business History of Latin America ( pp. 1-32). New York: Routledge.  link >
  • Bucheli, M., Andrea Lluch, Martín Monsalve Zanatti, Marcelo Bucheli (Ed.) (2024). Multinational Companies in Latin American History. A Business History of Latin America ( pp. 233-250). New York: Routledge.  link >
  • Lopes, E., Bandeira de Mello, R., & Bucheli, M. (2024). Political influence on the investment of state-owned enterprises. Journal of Economic Policy Reform.  link >
  • Bucheli, M., Duran, X., & Kim, M. (2024). My best frenemy: a history-to-theory approach to MNCs’ corporate diplomatic activities. Journal of International Business Studies, 55 (3), 326-341.  link >
  • Bucheli, M., & DeBerge, T. (2024). Multinational enterprises’ nonmarket strategies: Insights from History. International Business Review, 33 (2), 102198.  link >
  • Bucheli, M., Kim, M., & Lee, J. (2023). The endogenous creation of a property rights regime: a historical approach to firm strategy and governance structure. Academy of Management Perspectives, 37 (4), 314-334.  link >
  • Bucheli, M., Ciravegna, L., & Sáenz, L. (2023). The octopus that shrank: A historical analysis of how multinationals address policy and contractual uncertainty in a global value chain. Strategic Management Journal, 44 (13), 3289-3323.  link >

Other Publications

Articles

  • Bucheli, M., & Saenz, L. (2022). Caffeinated Memories: The Creation of Historical Narratives as Public Goods in the Colombian Coffee Industry. Business History, 66 (5), 1259-1283.  link >
  • Bucheli, M., & Decker, S. (2021). Expropriations of foreign property and political alliances: a business historical approach. Enterprise and Society, 22 (1), 247 - 284.  link >
  • Minefee, I., & Bucheli, M. (2021). MNC responses to international activist campaigns: Evidence from Royal Dutch/Shell in apartheid South Africa. Journal of International Business Studies, 52 (5), 971-998.
  • Bucheli, M., Salvaj, E., & Kim, M. (2019). Better Together: How multinationals come together with business groups in times of economic and political transitions. Global Strategy Journal, 9 (2), 176-207.  link >
  • Medina, L., Bucheli, M., & Kim, M. (2019). Good friends in high places: Politico-economic determinants of the expropriation and taxation of multinational firms. Journal of International Business Policy, 2 (2), 119-141.  link >
  • Bucheli, M., & Salvaj, E. (2018). Political Connections, the Liability of Foreignness, and Legitimacy: A Business Historical Analysis of Multinationals' Strategies in Chile. Global Strategy Journal, 8 (3), 399-420.  link >
  • Berkowitz, H., Bucheli, M., & Dumez, H. (2017). Collectively Designing CSR Through Meta-Organizations: A Case Study of the Oil and Gas Industry. Journal of Business Ethics, 143 (4), 753-769.  link >
  • Duran, X., & Bucheli, M. (2017). Holding up the Empire: Colombia, American Oil Interests and the 1921 Urrutia-Thomson Treaty. Journal of Economic History, 77 (1), 251-284.
  • Bucheli, M., & Kim, M. (2015). Attacked from Both Sides: A Dynamic Model of Multinational Corporations' Strategies for Protection of Their Property Rights. Global Strategy Journal, 5 (1), 1-26.  link >
  • Bucheli, M., & Salvaj, E. (2014). Adaptation Strategies of Multinational Corporations, State-Owned Enterprises, and Domestic Business Groups to Economic and Political Transitions: A Network Analysis of the Chilean Telecommunications S. Enterprise and Society, 15 (3), 534-576.
  • Bucheli, M., & Romero Sommer, G. (2014). Multinational Corporations, Property Rights, and Legitimization Strategies: U.S. Investors in the Argentine and Peruvian Oil Industries in the Twentieth Century. Australian Economic History Review, 54 (2), 145-163.
  • Bucheli, M., & Salvaj, E. (2013). Reputation and Political Legitimacy: ITT in Chile, 1927-1972. Business History Review, 87 729-755.
  • Bucheli, M. (2013). 'Colombia's Coffee Producers Reprise Export Protectionism' in Bloomberg View (http://www.bloomberg.com/news/2013-03-22/colombia-s-coffee-producers-reprise-export-protectionism.html). Bloomberg.
  • Bucheli, M., & Kim, M. (2012). Political Institutional Change, Obsolescing Legitimacy, and Multinational Corporations: The Case of the Central America Banana Industry. Management International Review, 52 (6), 847-877.
  • Bucheli, M., Mahoney, J., & Vaaler, P. (2010). Chandler's Living Scholarship: The Visible Hand of Vertical Integration in 19th Century America Seen under a 21st Century Transaction Costs Economics Lens". Journal of Management Studies, 47 (5), 859-883.
  • Bucheli, M. (2010). Major Trends in the Historiography of the Latin American Oil Industry. Business History Review, 84 (2), 339-362.
  • Bucheli, M. (2010). Multinational Corporations, Business Groups, and Economic Nationalism:Standard Oil (New Jersey), Royal Dutch-Shell, and Energy Politics in Chile, 1913-2005. Enterprise and Society, 11 (2), 350-399.  link >
  • Bucheli, M., & Aguilera Vaques, R. (2010). Political survival, energy policies, and multinational corporations: A historical study for Standard Oil of New Jersey in Colombia, Mexico, and Venezuela in the Twentieth century. Management International Review, 50 (3), 347-378.
  • Bucheli, M., & Salvaj, E. (2009). Embrace your enemy. Harvard Business Review Digital Articles, 87 (5), 22-23.
  • Bucheli, M. (2009). Canadian Multinational Corporations and Economic Nationalism: The Case of Imperial Oil Limited in Alberta (Canada) and Colombia, 1899-1938. Entreprises et Histoire, 54 (1), 67-85.
  • Bucheli, M. (2008). Negotiating Under the Monroe Doctrine: Weetman Pearson and the Origins of US Control of Colombian Oil. Business History Review, 82 (3), 529-55.
  • Bucheli, M. (2008). Multinational Corporations, Totalitarian Regimes, and Economic Nationalism: United Fruit Company in Central America, 1899-1975. Business History, 50 (4), 433-454.
  • Bucheli, M. (2005). Banana War Maneuvers. Harvard Business Review Digital Articles, 83 (11), 22-24.
  • Bucheli, M. (2004). Enforcing Business Contracts in South America: The UnitedFruit Company and the Colombian Banana Planters in the Twentieth Century. Business History Review, 78 181-212.

Book Chapters

  • Basualdo, V., Berghoff, H., & Bucheli, M., Victoria Basualdo, Hartmut Berghoff, Marcelo Bucheli (Ed.) (2021). Crime and (No) Punishment: Business Corporations and Dictatorships. Big Business and Dictatorships in Latin America: A Transnational History of Profits and Repression New York: Palgrave.  link >
  • Bucheli, M., Andrea Lluch, Martín Monsalve Zanatti, Marcelo Bucheli (Ed.) (2021). Empresas multinacionales en la historia de América Latina. Historia empresarial en América Latina: Temas, debates y problemas ( pp. 261-281). Bogota/Lima: Universidad de los Andes/Universidad del Pacífico.
  • Bucheli, M., Victoria Basualdo, Hartmut Berghoff, Marcelo Bucheli (Ed.) (2021). Slippery Alliances in Central America:Multinationals, Dictators, and (Under) Development Policies. Big Business and Dictatorships in Latin America: A Transnational History of Profits and Repression ( pp. 373-397). New York: Palgrave.  link >
  • Lluch, A., Monsalve Zanatti, M., & Bucheli, M. (2021). Introducción. Historia empresarial en América Latina: Temas, debates y problemas ( pp. 11-19). Bogota/Lima: Universidad de los Andes/Universidad del Pacífico.
  • Minefee, I., & Bucheli, M., Teresa Da Silva Lopes, Christina Lubinski, Heidi Tworek (Eds.) (Ed.) (2020). Combating Corruption in Global Business: From the Cold War to the End of the Second Global Economy. The Routledge Companion to the Makers of Global Business ( pp. 516-529). New York: Routledge.  link >
  • Bucheli, M. (2019). From Cold War to Washington Consensus: Evolution of the Multinational Corporations' Strategies in Chile. Multinational Enterprise, Political Risk and Organizational Change: From Total War to Cold War. Neil Forbes, Takafumi Kurosawa, and Ben Wubs (eds.) New York: Routledge.
  • Bucheli, M., Andreas Sanders, Pal T. Sandvik, and Espen Storli (Ed.) (2019). National Oil Companies and Political Coalitions: Venezuela and Colombia, 1910-1976. The Political Economy of Resource Regulation: An International and Comparative History, 1850-2015 Vancouver: University of British Columbia Press.
  • Bucheli, M., Manuel Llorca-Jaña, Rory Miller, and Diego Barría (Ed.) (2019). Economic Policy and Foreign Capital in the Creation and Rise of Copec. Capitalists, Business, and State-Building in Chile ( pp. 169-184). London: Palgrave Macmillan.
  • Hikino, T., & Bucheli, M., Asli Colpan and Takashi Hikino (Ed.) (2018). The United States in Historical Perspectives: The Strange Career of Business Groups in Industrial Development. Business Groups in the West: The Evolutionary Dynamics of Big Business Oxford: Oxford University Press.
  • Bucheli, M., Geoffrey Jones and Andrea Lluch (Ed.) (2015). Multinationals, Business Groups, and Chile's Energy Policies. The Impact of Globalization in Argentina and Chile: Business Enterprises and Entrepreneurship ( pp. 77-107). Cheltenham, UK: Edward Elgar Publishers.
  • Bucheli, M., & Kim, J. (2014). The State as a Historical Construct in Organization Studies. Organizations in Time: History, Theory, Methods ( pp. 241-262). Oxford: Oxford University Press.
  • Bucheli, M., & Saenz, L., Paulo Drinot and Alan Knight (Ed.) (2014). Export Protectionism and the Great Depression: Multinational Corporations, Domestic Elite, and Export Policies in Colombia. The Great Depression in Latin America ( pp. 129-159). Durham, North Carolina: Duke University Press.
  • Kipping, M., Wadhwani, R., & Bucheli, M. (2014). Analyzing and Interpreting Historical Sources: A Basic Methodology. Organizations in Time: History, Theory, Methods ( pp. 305-329). Oxford: Oxford University Press.
  • Wadhwani, R., & Bucheli, M. (2014). The Future of the Past in Management and Organizational Studies. Organizations in Time: History, Theory, Methods ( pp. 3-29). Oxford: Oxford University Press.
  • Bucheli, M. (2011). Empresas multinacionales, grupos económicos y nacionalismo petrolero: Shell, Esso, Copec y el estado chileno, 1913-2005. El impacto histórico de la globalización en Argentina y Chile: empresas y empresarios Buenos Aires: Temas.
  • Bucheli, M., Alain Beltran (Ed.) (2011). Oil Nationalism, Property Rights, and Political Regimes: A Comparative Study of Colombia and Mexico in the Twentieth Century. Oil Producing Countries and Oil Companies: From the Nineteenth to the Twenty-First Century Brussels: Peter Lang.
  • Bucheli, M., & Read, I., Z. Frank, S. Topik, and C. Marichal (Ed.) (2006). From Hotel Suites to Workers' Lunchboxes: The Growth of Demand for Bananas in the United States, 1880-1970. From Silver to Cocaine: Latin American Commodity Chains and the Building of the World Economy Durham, North Carolina: Duke University Press.
  • Bucheli, M. (2003). Tras la visita del Senor Herbert: United Fruit Company, elite local y movimiento obrero en Colombia, 1900-1970. Empresas y empresarios en la historia de Colombia, siglos 19 y 20 Universidad de los Andes/Norma.
  • Bucheli, M., M. Moeberg & S. Striffler (Ed.) (2003). United Fruit Company in Latin America. Banana Wars: Power, Production, and History in the Americas Durham, North Carolina: Duke University Press.

Book Reviews

  • Bucheli, M. (2017). Evolution of Family Business: Continuity and Change in Latin America and Spain. ( 1 ed vol. 91, pp. 204-206). Business History Review.
  • Bucheli, M. (2015). The Business of Empire: United Fruit, Race, and US Expansion in Central America. ( 4 ed vol. 16, pp. 976-978). Enterprise and Society.
  • Bucheli, M. (2015). Entrepreneurship and Multinationals: Global Business and the Making of the Modern World. ( 3 ed vol. 89, pp. 578-580). Business History Review.
  • Bucheli, M. (2014). British Lions and Mexican Eagles: Business, Politics, and Empire in the Career of Weetman Pearson in Mexico, 1899-1919. ( 1 ed vol. 88, pp. 212-215). Business History Review.

Books and Monographs

  • Bucheli, M., Basualdo, V., & Berghoff, H., Victoria Basualdo, Hartmut Berghoff, Marcelo Bucheli (Ed.) (2021). Big Business and Dictatorships in Latin America: A Transnational History of Profits and Repression. New York: Palgrave.  link >
  • Lluch, A., Monsalve Zanatti, M., & Bucheli, M., Andrea Lluch, Martín Monsalve Zanatti, Marcelo Bucheli (Ed.) (2021). Historia empresarial en América Latina: Temas, debates y problemas. Bogota/Lima: Universidad de los Andes/Universidad del Pacífico.
  • Bucheli, M., & Wadhwani, R. (2014). Organizations in Time: History, Theory, Methods. Oxford: Oxford University Press.
  • Bucheli, M. (2005). Bananas and Business: The United Fruit Company in Colombia, 1899-2000. New York: New York University Press.

Case Studies

  • Bucheli, M., & Jones, G. (2005). The Octopus and the Generals: United Fruit in Guatemala. Harvard Business School Case 9-805-146 Mass: Harvard Business School.

Conference Proceedings

  • Minefee, I., Rivera Piedra, D., Bucheli, M., & Tihanyi, L. (2023). International Business Diplomacy and Violent Conflicts. ( 1 ed vol. 2023, pp. 19665). Academy of Management Proceedings: Academy of Management.  link >
  • Bucheli, M., & Kim, M. (2017). Institutional Environment Legitimacy, Property Rights, and Institutional Arrangements. ( 1 ed vol. 2017, pp. 11618). Academy of Management Best Paper Proceedings: Academy of Management.  link >
  • Bucheli, M., Salvaj, E., & Kim, M. (2015). Non-Market Strategies During Transitions: The Case of Chile. ( 1 ed pp. 10886). Academy of Management Best Paper Proceedings.  link >
  • Bucheli, M. (2012). Integrating Business History in a Friendly Environment Where No Previous Tradition Existed. ( pp. 16-18). Teaching Business History: Insights and Debates: Harvard Business School Publishing, Boston, MA.

Other Publications

  • Bucheli, M. (2007). "United Fruit in Latin America" in Jones, G. and R. Daniel Wadhwani (eds.) Globalization and Entrepreneurship (Cheltenham, UK: Edward Elgar).

Presentations

  • Bucheli, M., & DeBerge, T. (2022). Multinational Enterprises Nonmarket Strategy: A View from History. European International Business Academy Conference, European International Business Academy.
  • Bucheli, M., & Decker, S. (2012). Economic Nationalism in Latin America and Africa in the Twentieth Century: A Comparison. Business History Conference.
  • Bucheli, M., & Sáenz, L. (2012). Export Protectionism and the Great Depression: Multinational Corporations, Domestic Elite, and Export Policies in Colombia. European Business History Association Meeting.
  • Bucheli, M. (2009). Multinational Corporations, Business Groups, and Economic Nationalism: Standard Oil (New Jersey), Royal Dutch-Shell, and Energy Politics in Chile, 1913-2005. Business History Conference.
  • Bucheli, M., & Salvaj, E. (2009). Multinationals, Business Groups, and Politics in the Second Global Economy: Spanish Firms in Chile, 1980-2006. Academy of International Business Annual Meetings.
  • Bucheli, M., & Salvaj, E. (2009). Multinationals, Business Groups, and Politics in the Second Global Economy: Spanish Firms in Chile, 1980-2006. Academy of Management Annual Meeting.
  • Bucheli, M. (2007). Political Economy and International Business History: The Case of Vertical Integration in Latin America. Business History Conference.

Honors and Awards
  • Global Strategy Journal 2024 Best Article Prize, Global Strategy Journal, 2024
  • Best Paper Award (History Track), European International Business Academy, 2022
  • Finalist for Global Strategy Journal Best Paper Award, European International Business Academy and Global Strategy Journal, 2022
  • Associate, Center for Advanced Study, University of Illinois, 2019-2020

Grants
  • University of Illinois/University of Birmingham Partnership Award, University of Illinois/University of Birmingham, 2023-2025
  • Gies College of Business Senior Research Grant, Gies College of Business, 2020-2021
  • Center for Advanced Study Associate, Center for Advanced Study, University of Illinois, 2019-2020
  • The Power to Resist: An Evolution of Corporate Responses to Anti-Apartheid Activism in South Africa, University of Illinois Campus Research Board, 2014-2015
  • National Elite, Multinational Corporations, and Oil Policy in Brazil, Lemann Center for Brazilian Studies (University of Illinois), 2011-2012
  • CIBER Research Grant, Center for International Business Education and Research, 2011
  • Canadian and American Oil Multinationals in South America: Political Economy and Corporate Strategy in the 20th Century, Canadian Government, 2007

Service
  • Editorial Advisory Board Member, Business History Review, 2015 to present
  • Chair Rovensky Fellowship in US Business and Economic History Committee, University of Illinois Foundation, 2014 to present

Teaching Interests

International business; business history

Research Interests

Political economy of foreign direct investment; international business history; multinational corporations

Current Courses

  • International Business (BADM 380) Introduces the field of international business and management. Examines the economic, political, and legal environments of international business. Analyzes differences in financial management, marketing, and management practices for firms doing business abroad.

  • Global Business History (BADM 383) Examines topics related to international business that are not covered in BADM 380, BADM 381, BADM 382, BADM 338. Possible topics include cross-cultural management issues, cross-border merger and acquisition activities, the historical context of global capitalism, doing business in emerging economies, global research and development efforts, and global strategic human resource management.

  • Global Business History (BADM 583) Continuation of BADM 582. Examines topics related to management and integration of multinational firms not covered in BADM 582. Possible topics include foreign investment decisionmaking, global manufacturing and supply chain management, international joint ventures and strategic alliances, cross-border mergers, global R&D, and global strategic human resource management.

  • Global Strategy (MBA 548) This course seeks to understand how firms adapt to, react towards, and shape the global economy. Students should be able to evaluate markets and the best strategies firms should follow when operating globally.

Contact

198 Wohlers Hall

1206 S Sixth St

Champaign, IL 61820

217-244-0208

mbucheli@illinois.edu

Vita

Google Scholar

Website

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