IEEM is fully committed to developing leaders capable of making professional and ethical decisions in diverse and complex environments. To that end, IEEM’s faculty contributes with its work and research to understand and solve present and future business problems, in order to have a positive impact on people, organizations and society as a whole.

IEEM’s research centers face the challenge of developing and sharing relevant knowledge for society.

Case studies used in IEEM’s programs are developed by the Research and Analysis Department (DIA). It is a research unit created within IEEM with the purpose of analyzing economic and social information from an essentially practical perspective, that is, focused on the generation of useful elements for decision-making aimed at achieving the common good, both at the public and private levels.

Economy, Society and Business Center

IEEM’s Economy, Society and Business Center (ESE Center) was developed in the area of Economics, focused on researching, teaching and disseminating those aspects of economy and society that have direct impact on decision-making.

IEEM has always placed special emphasis on the relationship of companies with society and, consequently, with the economy of a country. In its research, the ESE Center considers the impact of economic and social phenomena on Uruguayan companies.

Therefore, the ESE Center regularly monitors the evolution of the main macroeconomic variables in Uruguay and has an active presence in the media. In addition, social aspects relevant to Uruguayan companies, such as crime and education, are also under the scrutiny of the ESE Center.


Prof. Ignacio Munyo

Entrepreneurship Center

IEEM, with the support of Deloitte, created the Entrepreneurship Center. The mission of the Deloitte Entrepreneurship Center of IEEM is to develop and spread the entrepreneurial mindset throughout society.

This mindset is based on the belief that the concept of entrepreneurship goes beyond creating a start-up, it covers everything related to launching a new opportunity. This includes not only new independent projects, but also projects within existing organizations (known as intrapreneurship), redefining opportunities or the business model of already established organizations (known as turnarounds) and high-impact growth projects (such as internationalizations). This whole approach has strong academic support, resulting from the research of IEEM, IESE and other associated schools made over several years.

Research on the entrepreneurial spirit is carried out by developing cases and publications and, as an essential tool, by taking part in the Global Entrepreneurship Monitor (GEM).


The Global Entrepreneurship Monitor (GEM) began in 1997 as an initiative of the London Business School and Babson College to create an international research network in the area of Business Creation. Uruguay joined it in 2006, through IEEM.


The first objective of the study is to develop entrepreneurial activity indicators, which allow to make comparisons between countries and assess their evolution over time. GEM takes a broad view of entrepreneurship and focuses on the role played by individuals in the entrepreneurial process.
The second objective is to develop models that allow us to understand the determining factors of entrepreneurial activity, as well as its impact on economic activity levels.


Each national team conducts its own research, but all GEM participants follow a common methodology, which allows not only to establish the situation in each country, but also to make comparisons with the rest of the participants.
The sources of information that facilitate the preparation of the annual report, both at a national and regional level, are:

  • GEM Adult Population Survey. It measures attitudes, activity and aspirations.
  • GEM National Expert Survey. It measures the Entrepreneurial Framework Conditions (EFCs).
  • Economic, demographic and social data.


In Uruguay, the GEM National Team is led by professor Leonardo Veiga (National Coordinator, GERA Board member 2012-2014)