The accolade is awarded by the Association of MBAs and the Business Graduates Association.

By JOSÉ ÁNGEL DE LA PAZ | EGADE BUSINESS SCHOOL

EGADE Business School - Tecnológico de Monterrey won the Best CSR and Sustainability Initiative prize in the AMBA & BGA Excellence Awards 2024.

This award, conferred by the Association of MBAs (AMBA) and the Business Graduates Association (BGA), recognizes business schools with an outstanding commitment to corporate social responsibility (CSR) and sustainability, demonstrating a passion for generating a positive impact on communities and societies.

EGADE Business School was honored for its social impact strategy and EGADE Action Week initiative. This multidisciplinary event was first held in April 2023 in Monterrey, bringing together students, alumni, professors, collaborators, authorities, civil society organizations, and companies.

EGADE Action Week provided a space for dialogue and collaboration, with over 750 participants who enjoyed conferences, workshops, exhibitions and other activities focused on business transformation to achieve a sustainable impact, opening the school's doors to the wider community.

Horacio Arredondo, dean of EGADE Business School, expressed his gratitude on receiving the award, highlighting the importance of the School’s social impact strategy: "This award recognizes the commitment of the entire EGADE Business School community to the construction of a fairer, more sustainable society. Our strategy is based on the conviction that business can contribute significantly to the progress of our countries as long as it is carried out in an ethical, innovative, and sustainable way. Our social impact strategy is structured around these three pillars, which will continue to inspire the deployment of our CSR and sustainability goals.”

EGADE Action Week will be consolidated as an annual tradition at EGADE Business School, focusing on the UN Sustainable Development Goals towards 2030 and seeking to extend the school’s social impact and community participation beyond the classroom while generating opportunities to learn and collaborate from various perspectives.

The Best CSR and Sustainability Initiative award was one of the eleven honors presented during the AMBA & BGA Excellence Awards 2024 ceremony, held on January 19 in London, UK, bringing together more than 200 business school leaders.

🌟We had a great time at our Excellence Awards and Gala Dinner on Friday! 🌟

We are pleased to congratulate all of the winners, hightly commended and shortlisted finalists.

See the complete list of winners and highly commended below: https://t.co/PoWGRxgjG8 pic.twitter.com/WBRijycRBt

— Association of MBAs (@Assoc_of_MBAs) January 22, 2024

Everardo Elizondo, former deputy governor of the Bank of Mexico, estimates that this year the growth of the Mexican economy will be lower than in 2023.

By JOSÉ ÁNGEL DE LA PAZ | EGADE BUSINESS SCHOOL

EGADE Business School and the School of Government and Public Transformation (EGyTP) of Tecnológico de Monterrey presented the first “Mexico’s Economic and Political Outlook for 2024” forum in Mexico City.

At the event, which included a keynote and a panel, academic leaders and professors from both schools and experts from the financial and consulting sectors agreed that the Mexican economy did not grow as projected last year, while this year’s growth rate is not expected to exceed 2.2% due to the economic slowdown, elections, and the increase in illegal economic activities.

Nos reunimos para analizar posibles escenarios a los que nos enfrentaremos en los próximos meses, abrió @H_Arredondo, decano de #EGADE. Entre algunos destacó:

-Volatilidad económica
-#IA
-Cambio climático
-Elecciones en el 🌎 pic.twitter.com/vHQi4QjPSH

— EGADE Business School (@egade) January 18, 2024

In his welcome message, Horacio Arredondo, dean of EGADE Business School, stated that if the country continues to grow at an annual rate of approximately 2%, the average over the past three decades (1980-2020), “we are going to need 40 years to reach the level required, which would make Mexico more prosperous and more egalitarian.”

The Dean estimated that the environment of disruption and accelerated volatility in the economic and political spheres will continue to set the trend for 2024, especially since this is an electoral “super year” with elections being held in many countries and regions worldwide.

In a world of political polarization like the current one, public opinion is contaminated by fake news and disinformation seeking to destabilize the electoral processes,” said Arredondo. “We need to monitor how they develop closely and also envision the various possible scenarios.”

THE OUTLOOK FOR A YEAR OF TRANSITION

In his keynote “Contrasts in the Mexican economy at the close of the six-year presidential term,” Everardo Elizondo, former deputy governor of the Bank of Mexico and distinguished professor at EGADE Business School, estimated that Mexico’s economy will grow at a lower rate this year compared to last year, while bank interest rates are expected to drop to 9.5% by the first quarter of the year.

“The economy for 2024 will not change from what it is today; this is due to the impact of COVID-19, the lack of economic acceleration, and a lack of expectations. This is what causes the GDP per capita to stagnate despite population growth,” the economist said.  

La economía norteamericana es más dinámica y flexible y su capacidad de reacción luego de la pandemia fue sorprendente. La recuperación en el caso de México ha sido cada vez más lenta, reflexionó @EverElizondoA, profesor de #EGADE. pic.twitter.com/qK63JLxkoO

— EGADE Business School (@egade) January 18, 2024

Elizondo also joined the panel of experts, moderated by Miguel Ángel Santos, dean of the School of Government and Public Transformation, and with the participation of Carlos Elizondo Mayer-Serra and Jesús Silva Herzog-Márquez, EGyTP professors; Janneth Quiroz, director of Economic, Exchange and Stock Analysis at Grupo Financiero Monex; and Jorge Castilla, Managing Director of Accenture México.

Elizondo Mayer-Serra stressed the opportunity the next Mexican administration will have to rethink the energy agenda, given the fiscal pressures of Pemex and the need for clean energy and alternatives to address the security challenge.

Regarding GDP growth, Quiroz explained that the effects it will have on demand, consumption, and gross fixed investment have reached all-time highs.

“On the upside, there will be progress and an increased productive capacity in Mexico. On the downside, we have a foreseeable slowdown in the US caused by high interest rates, which will directly affect Mexico, as well as higher public spending that will have a favorable impact on this estimate,” said the EGADE Business School Master of Finance graduate.

Discutimos las perspectivas político-económicas-empresariales, en un panel moderado por @miguelsantos12, decano de @EGobiernoyTP. pic.twitter.com/KGkpxXZA03

— EGADE Business School (@egade) January 18, 2024

For his part, Silva Herzog-Márquez referred to the threat to democracy by centralizing power and the importance of recovering plurality in legislatures.

Castilla affirmed that the near future holds the arrival of a profound manufacturing 4.0 related to supply chains, which will use the cloud and advanced Artificial Intelligence (AI) models to achieve balance.

“The talent and education we enjoy in Mexico are the most important factors. Just 2% of the economically active population is conversant with computers and technology, which translates into one million 100 thousand people, and our country requires far more than that. This affords us a magnificent opportunity if we can achieve it,” the manager added.

The second “Mexico’s Economic and Political Outlook for 2024” forum will take place on January 25 at the Monterrey site of EGADE Business School, also with the participation of Horacio Arredondo, Miguel Ángel Santos, Everardo Elizondo and Jesús Silva Herzog-Márquez, as well as René Cabral, professor at EGADE Business School; Juan Pablo García, general director of CAINTRA; and Clelia Hernández, general director of the Nuevo León 4.0 initiative.

EGADE MBA Santa Fe student stands out in arts and cultural management in the twelfth edition of this prize.

By INSTITUTIONAL COMMUNICATION | EGADE BUSINESS SCHOOL

Thanks to her outstanding artwork with international projection, Xi (Monica) Chen, an EGADE MBA student, won the 2024 Tec Woman Award in the “Arts and Cultural Management” category.

The student from EGADE Business School, Santa Fe site, featured among the winners of the nine categories and two special distinctions in the twelfth edition of this prize announced yesterday.

¡Celebremos el poder imparable de las mujeres de nuestra comunidad universitaria!🌟 Con orgullo inmenso, anunciamos a las ganadoras de Premio Mujer Tec 2024, mujeres que nos han inspirado con liderazgo, talento y dedicación. Juntas y juntos continuemos escribiendo esta historia. pic.twitter.com/A1zF42w2tt

— Premio Mujer Tec (@PremioMujerTec) January 16, 2024

Monica, of Chinese origin, who identifies as “half Asian and half Latina,” has resonated internationally thanks to her art portfolio "That's How I Talk to Myself," available in Chinese and Spanish, which brings together a selection of her paintings created between 2016 and 2022, and reflects her unique perspective on the life and aesthetics of Latin America, among other topics.

In addition, the prizewinner is renowned worldwide due to her nomination as a CAAN (Chinese Artists in America Network) guest artist, becoming the only representative who actively disseminates Mexican and Latin art in this prestigious organization.

The Tec Woman Award aims to recognize and highlight the stories, career paths, contributions, and talent of the women students, graduates, professors, collaborators, and directors of the institutions that comprise Tecnológico de Monterrey: Tec de Monterrey, Universidad Tecmilenio and TecSalud.

The 2024 Tec Woman Award award ceremony, this year called “Waking Up Changes Everything,” will take place on March 12 at Tecnológico de Monterrey, Campus Monterrey.

The winners will receive the “Muliere Amet” or “defiant woman” trophy from the hands of the institution's leaders.

This annual event brings together educational leaders from the top business schools in the world.

By INSTITUTIONAL COMMUNICATION | EGADE BUSINESS SCHOOL

EGADE Business School - Tecnológico de Monterrey will host the Eduniversal World Convention 2024 in Guadalajara, Mexico.

This edition of the annual international event will be held from November 20 to 23, bringing together outstanding educational leaders from the top business schools in the world.

The announcement was made during the last Eduniversal convention, held in the Fiji Islands, where EGADE Business School was distinguished as the top business school in Mexico and Latin America for the sixteenth consecutive year.

Through a video, the Dean of EGADE Business School, Horacio Arredondo, extended an invitation to the global Eduniversal community, sharing the School’s pride in welcoming them to the EGADE Guadalajara site this year.

In addition, Martial Guiette, CEO of Eduniversal Group, affirmed that this year, the convention will reach its seventeenth edition and, for the second time in its history, will take place in Latin America.

Every year, the Eduniversal World Convention offers activities that promote collaboration among business schools and celebrate excellence and innovation in higher education.

The event also encompasses the traditional presentation of the Eduniversal Palmes of Excellence to each business school, according to their classification in five levels, and the Top 3 Awards for the best business schools in nine geographic regions.

Eduniversal is a global ranking agency specializing in business schools, evaluating institutions and programs in France since 1994 and internationally since 2007.

As a PRME Champion, EGADE contributes to thought and action leadership on responsible management education and the SDGs.

By JOSÉ ÁNGEL DE LA PAZ | EGADE BUSINESS SCHOOL

EGADE Business School of Tecnológico de Monterrey has reaffirmed its commitment to the Principles for Responsible Management Education (PRME) initiative by being selected to participate in a new two-year cycle within the PRME Champions program.

In 2024-2025, EGADE Business School is the only school in Mexico and one of two in Latin America within the new cohort of 47 business schools worldwide that are part of the program.

🏆 Introducing the 2024–2025 cohort of PRME Champions!

💪 Meet the 47 business and management schools around the world that have committed to championing Responsible Management Education through thought and action leadership with PRME.

Learn more 🔗https://t.co/pkb7gbVUOP pic.twitter.com/WRPxG8kJX2

— PRME Secretariat (@PRMESecretariat) January 17, 2024

In this way, EGADE Business School underscores its ongoing leadership in promoting business responsibility and sustainability in management education worldwide.

In a letter to the PRME Secretariat, Dean Horacio Arredondo of EGADE Business School expressed the school’s determination to engage actively in the programs of PRME Champions, which is currently celebrating its 10th anniversary.

"We uphold our commitment to the refreshed Seven Principles of PRME and assume the responsibility of implementing transformational actions to integrate the Sustainable Development Goals (SDGs) in our curricula, research, and collaborations. We are open to sharing our learnings and challenges within the PRME Champions cohort, while seeking to learn from others to consolidate the future of our institution and demonstrate the impact of our sustainability efforts," Arredondo stated.

The mission of the PRME Champions cohort is to contribute to thought and action leadership on responsible management education in the context of the United Nations 2030 Sustainable Development Agenda.

Participation in this select group enables PRME signatories to stand out in the global responsible management education community, providing the opportunity to collaborate on innovative projects and serve as a sounding board for PRME, Global Compact, and the UN on timely issues.

As a PRME signatory, EGADE Business School forms part of a global network of institutions committed to developing future business leaders who are conscious of their impact on the world.  

Christiane Molina, professor from the Department of Strategy and Leadership at EGADE Business School, is a member of the PRME Global Chapter Council, whose purpose is to support the development and impact of the PRME Regional Chapters worldwide.

Founded in 2007, PRME has become the leading United Nations-supported platform in raising the profile of sustainability in business schools across the globe while drawing attention to the 2030 Agenda and the SDGs.

For further information on PRME, visit: https://www.unprme.org/

Participants acquired practical skills and theoretical knowledge in the field of finance, adapted to their specific needs as entrepreneurs and people interested in entrepreneurship.

By JOSÉ ÁNGEL DE LA PAZ | EGADE BUSINESS SCHOOL

In a joint effort to foster financial education and support entrepreneurs and people interested in entrepreneurship, the EGADE Business School - Tecnológico de Monterrey community, in collaboration with the Department of Community Centers of the Nuevo León State Ministry of Equality and Inclusion, held a series of free finance workshops at the San Bernabé Macro Community Center, in Monterrey, Mexico.

More than 30 participants benefited from these workshops, which addressed key topics such as administrative accounting, personal finance, finance for entrepreneurs, and budget creation and management.

The voluntary workshop instructors were members of the EGADE Business School community, including Adriana Guerra Castellanos, Ph.D. in Administrative Sciences student; Ángel Armando Pérez Espinosa y Díaz, M.A. in Finance student; Manuel Morales Ancira, EGADE MBA graduate; and Alicia Fernanda Galindo Manrique, EGADE Business School associate professor and graduate. Their active participation and experience in finance equipped participants with practical knowledge and valuable perspectives.

The workshops were divided into two modules, “Accounting for Everyone” and “Finance to Make it to the End of the Month,” which provided a comprehensive structure that enabled attendees to acquire practical skills and theoretical knowledge in the field of finance, adapted to their specific needs as entrepreneurs and people interested in entrepreneurship.

The sessions were delivered in both virtual and in-person formats, allowing participants to access the workshops according to their preferences and circumstances.

Morales Ancira, who covered the topic of Administrative Accounting, commented that he could equip participants with tools that would allow them to make informed decisions and carry out adequate operational planning for their businesses.

“In my session, the group was made up entirely of women, some of whom were 16-year-olds with new entrepreneurial ideas they were seeking to launch, while others already had a solid business and many more years of experience. However, they all shared a genuine interest in learning and self-improvement. We have people across the metropolitan area, from Juárez and Escobedo to Santiago, Nuevo León. This program undoubtedly had a huge impact, and I am delighted to have been able to contribute with my experience,” said Morales, also the Leader of Philanthropy on the EGADE Alumni Board.

This collaboration between EGADE Business School and the Nuevo León State Ministry of Equality and Inclusion is part of the agreement signed during EGADE Action Week last year, which reflects the commitment of both entities to contribute to the comprehensive development of the community and to promote equal opportunities through financial education.

These workshops demonstrate the commitment of EGADE Business School and the Nuevo León State Ministry of Equality and Inclusion to the training and empowerment of local entrepreneurs, offering practical tools that will strengthen their projects and the region's economic growth.

Horacio Arredondo, dean of EGADE Business School, and Diego Uribe, CEO of IDEMAX, signed a collaboration agreement on December 4 in Monterrey.

By INSTITUTIONAL COMMUNICATION | EGADE BUSINESS SCHOOL

The regional business transformation consulting firm IDEMAX signed a strategic agreement with EGADE Business School - Tecnológico de Monterrey, to form an alliance that seeks to drive the connection between academia, enterprise and the public sector, thus strengthening the Latin American Research and Development (I +D) ecosystem.

Moreover, this agreement provides a collaborative creation space between the research carried out by EGADE Business School and the strategic team at IDEMAX, in order to generate innovative tools and methodologies that will contribute to the creation and promotion of the businesses of the future.

“The agreement with EGADE Business School forms part of our regional strategy to forge solid ties with renowned educational institutions that share our vision of the businesses of the future, incorporating scientific-technological tools to face the challenges and opportunities of the 21st century,” said Diego Uribe, CEO of IDEMAX.

Twenty-first-century businesses require constant updating and new capacities from the world of knowledge. In this sense, the ties between us make it possible to add even more value to businesses on a regional level, betting strongly on Mexico and other Latin American markets. “The collaboration with EGADE opens a wide door to linking the fields of academia and business, amplifying the impact on people, society and the economy,” highlighted Andrés Couve, strategic advisor of IDEMAX.

“This collaboration reflects EGADE's commitment to leading the convergence between academia and the business sector, setting the standard for the preparation of leaders through practical solutions and advanced methodologies. These will contribute positively to the region’s economic and business development, consolidating our ongoing commitment to promoting research and development in Latin America,” emphasized Horacio Arredondo, dean of EGADE Business School.

In the current context, companies seeking to ensure their competitiveness in an ever-changing environment have elected to incorporate more scientific processes and knowledge into their internal capabilities. IDEMAX, as a driver of business transformation, designs and accelerates solutions that are specific to the particular challenges and needs of companies, integrating ad hoc knowledge and fostering the application of this scientific knowledge in productive settings.

With over 11 years’ experience in Chile, IDEMAX has consolidated its focus on business strategy, successfully expanding across the Latin American market from its headquarters in Mexico. The consulting firm is a staunch supporter of science as a driving force to tackle the challenges of companies and businesses of the 21st century, strengthening their adaptive capacity in the face of disruptive and uncertain future scenarios. This vision has been reinforced with the incorporation of Andrés Couve, former Chilean Minister of Science, Technology and Innovation, and academic at the University of Chile, as strategic advisor to IDEMAX, who joins Diego Uribe, CEO of the firm, and partners Rosario Navarro, president of the Federation of Chilean Industry (SOFOFA), and Sebastián Amaral.

In its first edition, four researchers were recognized with this accolade for their efforts in driving the development of Nuevo León.

By INSTITUTIONAL COMMUNICATION | EGADE BUSINESS SCHOOL

Bryan Husted, research professor in the Department of Strategy and Leadership at EGADE Business School - Tecnológico de Monterrey, was awarded the first Nuevo León Prize for Science, Technology and Innovation, in the Social Science and Humanities category.

This prize is the highest honor granted by the Nuevo León Government and was established to recognize and encourage the research conducted in the fields of science and technology in this Mexican state.

At the award ceremony, held on December 4, the prize was also presented to Hugo Alberto Barrera Saldaña, in the Health Sciences category; Roger Zirahuén Ríos Mercado, in the Natural and Exact Sciences category; and Guillermo Enrique Acosta, in the Technological Scientists and Innovators category.

🏆 Reconocimos a cuatro investigadores con el Premio Nuevo León de Ciencia, Tecnología e Innovación,
por impulsar el desarrollo del estado.

👏🏼 Felicidades por su trabajo:
Dr. Hugo Barrera
Dr. Roger Ríos
Dr. Bryan Corregan
Dr. Guillermo González@ivanrivasrdz @i2t2nl pic.twitter.com/YGS7qEfNx5

— Secretaría de Economía de Nuevo León (@Economia_NL) December 5, 2023

“The recipients of the first Nuevo León Prize for Science, Technology and Innovation have an important background in fields of knowledge as diverse as molecular biology, physics, forest management, corporate social responsibility, and nanoparticles,” said Iván Rivas, State Minister of the Economy and chairman of the Nuevo León general council for the Promotion of Research in Science, Technology and Innovation.

The award ceremony for the Nuevo León Prize for Science, Technology and Innovation took place within the framework of the 200 Years of Nuevo León commemorations.

Tecnológico de Monterrey has recognized Bryan Husted as a 'Flagship' researcher of the 2017 Rómulo Garza Prize and has been named in Stanford University's list of the World's Top 2% Scientists in 2022 and 2023.