Challenges and Opportunities for Sharing the Ownership in Peru

Abstract

The world has been living its processes so fast that when it looks back over its shoulder, it realizes that there are many changes needed to fix the flaws and tensions created due to speeding, to include everyone in the promise of progressive growth and prosperity within the current economic system. This issue is more evident in emerging markets, where institutional weaknesses, informal economies, and insufficient resources are considerable. Hence, our chapter explores how feasible the implementation of mechanisms of shared capitalism, specifically Employee Ownership initiatives, could be achieved in Peru. The result of our discussion proposes that traditional companies would suffer from an enormous inertia towards more inclusive and participatory business models because of what they have been doing to overcome the local institutional voids, contrary to new social businesses that could represent the start point of the diffusion of Employee Ownership practices in the Peruvian business community.