Luis Ballesteros

Business Strategy under Uncertainty | The School of Business | The George Washington University

                              Luis Ballesteros, Assistant Professor, George Washington University

I hold a PhD in Applied Economics and Management from Wharton and degrees from the MIT and ITAM. Prior to joining academia, I worked with financial derivatives for two commercial banks and with policy instruments to finance catastrophic risk for two multilateral agencies.

My research centers on the individual and institutional drivers of organizational decision making under disruption and the economic consequences of such decisions. I am fascinated by what drives organizations to make specific choices in the face of large systemic shocks that catapult ambiguity and environmental uncertainty such as epidemics like the Coronavirus, natural disasters, the rise of ethnic nationalism worldwide, and the fragmentation of economic systems like Brexit.

Deciding under institutional disruptions or uncertainty shocks is in the essence of contemporary entrepreneurship. What the firm does under disruption can be more consequential for its performance and global competitiveness than strategy under stable conditions

What makes some firms comparatively responsive to shocks that affect social welfare? What are the benefits and costs of taking market (e.g., investment in innovations) and non-market action (e.g., strategic philanthropy) in the face of those shocks? Do societies benefit from these responses? How do they affect the relationship between the firm and key stakeholders? And how experiencing disruption affects the likelihood to start new ventures or engage in innovative behavior? My research agenda centers on similar questions and the fundamental transformation that the business community is now undergoing in attention given to risk and uncertainty at the global level.

I am in the board of the Academy Management Journal and the Strategic Management Journal. I also co-direct, with Heather Berry, GLOB~S, a platform for multi-disciplinary collaboration among scholars, business managers, and policymakers to generate science-based evidence on the drivers and consequences of business internationalization and to translate such evidence into performance- and social-welfare enhancing solutions.

All only at GW, raise high!