The EGADE Decalogue states that companies and institutions must implement mechanisms for a fairer, more sustainable future, and trigger inclusive economic growth for all Mexicans.

By INSTITUTIONAL COMMUNICATION | EGADE BUSINESS SCHOOL

Two of the main lessons learned from the COVID-19 pandemic are the need to build resilient societies and organizations and to invest in development, education and opportunity generation for all, thereby achieving inclusion and equity.

This is set out in the Decalogue for the Economic-Business Refounding of Mexico, recently published by EGADE Business School at Tecnológico de Monterrey.

 “Even though we cannot control the future, companies and governments must invest in the capacities for resilience needed to anticipate and mitigate the consequences of foreseeable, but unexpected, events,” the document explains.

 Two of the ten keys of the EGADE Business School Decalogue propose these needs:

Build resilient societies and organizations

• The shock resulting from the health crisis has exposed the vulnerability of most companies and institutions: of their supply chains, labor policies, financial resources, and the capacity of directors and teams to lead in uncertain contexts.
   
• Implementing forward-thinking mechanisms to monitor emerging trends and establishing guidelines for a fairer, more sustainable future for all Mexicans are urgently required. This involves building resilient and adaptive physical, social and institutional systems to address the short-term effects of catastrophic events, including robust, sustainable health and social protection systems. The COVID-19 pandemic has brought to light the fragility of the binomial formed by the health and economic systems.

Leave no one behind: invest in development, education and opportunity generation

• As in previous crises, the health and economic effects of this crisis are felt most acutely by the most vulnerable populations. Solidarity can shield against discrimination, exclusion and social inequality, but the best antidote is to trigger inclusive economic growth. In the short term, the most urgent needs are to protect employment and income sources and alleviate the liquidity crisis, especially in micro, small and medium-sized companies, which provide sustenance for the majority of citizens.
   
• Economic reactivation must go hand in hand with the creation of opportunities for vulnerable populations through public-private investment and education and training. Organizations can also benefit from committing to talent diversity and the management of inclusive and multicultural teams, paving the way for social and cultural wealth, the great heritage of Mexico and Latin America.

The complete document of the EGADE Business School Decalogue for the Economic-Business Refounding of Mexico can be downloaded here.