Leaders present a Decalogue for the Economic & Business Refounding of Mexico in a webinar of the EGADE Future Forum series

By JOSÉ ÁNGEL DE LA PAZ | EGADE BUSINESS SCHOOL

Leaders from the business world and the media discussed EGADE Business School’s Decalogue for the Economic & Business Refounding of Mexico, in a presentation that was part of the EGADE Future Forum series.

Ignacio de la Vega, Dean of EGADE Business School and the Undergraduate Business School at Tecnológico de Monterrey, served as webinar moderator and explained that the document was created to contribute to finding collective solutions for the effects of the COVID-19 pandemic in Mexico.

At the beginning of the session, he reviewed the 10 proposals of the Decalogue, aligned with EGADE Business School's committed vision for the transformation of Mexico, among them: developing a more conscious business model; building resilient societies and organizations; and establishing the entrepreneurial ecosystem as the core of recovery.

"In our Decalogue, we speak of the need to drive economic recovery through sustainability and innovation, notably through redefining the companies and sectors that receive investment. How can we articulate this change in company mindset towards a model that is fairer and more responsible for society?” he questioned.

María Ariza, Chief Executive of the Institutional Stock Exchange (BIVA), pointed out that companies play an essential role in economic recovery, since they can offer better conditions for development and well-being.

"Wealth is generated in companies and companies move this country forward, in this crisis, as in any other. Investment and growth bring opportunities, jobs, a future, and even taxes for social programs," she said.

Alberto Bello, editor-in-chief of Grupo Expansion, underscored that leadership that is open to collaboration and teamwork will be key to recovery.

“We have to learn to be more transparent in our relationships, and seek new formulas for Mexican companies and new leadership to build bridges. We are all in this together," he said.

For his part, Carlos Salazar Lomelín, President of the Mexican Business Coordinating Council (CCE), warned that, bearing in mind the COVID-19 crisis, the country's economic recovery will take the entire current six-year presidential term.

"If you add up what analysts say about how we are going to end 2020 and what happened in 2019, not until 2024 will we be returning to the economic size we had in 2018," said Salazar Lomelín.

He also observed that this situation will result in a lack of social mobility and opportunities for young people, which is why he urged employers to have a sense of social responsibility, to show their concern about pensions, and about the workers and their development.

The complete webinar can be seen here.

The Decalogue for the Economic & Business Refounding of Mexico was published on July 6th, 2020 on the EGADE Business School website.