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Banco Solidario S.A.: The recovery strategy, 2000–2004

Author

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  • Caballero, Karina
  • Melgarejo, Mauricio
  • Ogliastri, Enrique

Abstract

Five years passed since, in April, 2000, Kurt Koenigsfest took over as the Chief Executive Officer at Banco Solidario S.A. (BancoSol), in La Paz, Bolivia. BancoSol had become the top Latin American bank specializing in providing microbusiness services. Since its beginning in 1992, BancoSol achieved excellent results and became an international reference in the microcredit area. In mid-2000, external and internal factors caused its performance to deteriorate. Kurt and his management team set and implemented a strategy that led the bank to be rated as the best financial institution in the Bolivian financial system in 2004. The time had come to plan for the future; the management team has to establish BancoSol's primary lines of action for the next three years.

Suggested Citation

  • Caballero, Karina & Melgarejo, Mauricio & Ogliastri, Enrique, 2016. "Banco Solidario S.A.: The recovery strategy, 2000–2004," Journal of Business Research, Elsevier, vol. 69(10), pages 4454-4468.
    • Handle: RePEc:eee:jbrese:v:69:y:2016:i:10:p:4454-4468
    DOI: 10.1016/j.jbusres.2016.03.010
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    References listed on IDEAS

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    1. Brian R. Golden & Edward J. Zajac, 2001. "When will boards influence strategy? inclination × power = strategic change," Strategic Management Journal, Wiley Blackwell, vol. 22(12), pages 1087-1111, December.
    2. Jerry Goodstein & Kanak Gautam & Warren Boeker, 1994. "The effects of board size and diversity on strategic change," Strategic Management Journal, Wiley Blackwell, vol. 15(3), pages 241-250, March.
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    1. Niels Hermes & Marek Hudon, 2018. "Determinants Of The Performance Of Microfinance Institutions: A Systematic Review," Journal of Economic Surveys, Wiley Blackwell, vol. 32(5), pages 1483-1513, December.
    2. Hermes, Cornelis & Hudon, M., 2018. "Determinants of the Performance of Microfinance Institutions: A Systematic Review," Research Report 2018008, University of Groningen, Research Institute SOM (Systems, Organisations and Management).

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