Abstract
Based on an analysis of Mexican industrial history, the objective of this study was to identify the historical events and factors which shaped the international business perspectives and management strategies of Mexican industrial groups (MIGs). To this end, the evolution of MIGs is traced over the course of 170 years and through three distinct phases of Mexican political and economic history: pre‐industrial era (1821‐1940); industrial boom (1940‐1970); and economic crisis and reform (1970‐1990). The subsequent analysis indicates a combination of historical factors resulting in two conditions ‐ domestic orientation and dependent development ‐ which caused MIGs to focus almost exclusively on the Mexican market and to shun international markets and competition.
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