Of the companies participating in the study, 28% indicated that they invest in foreign startups, 22% have investments in Mexico and Latin America, and another 22% invest in startups in Mexico and the United States.

By  INSTITUTIONAL COMMUNICATION | EGADE BUSINESS SCHOOL

In order to report on the current outlook of Corporate Venture Capital (CVC) in our country, EGADE Business School - Tecnológico de Monterrey, through its Center for Innovation and Entrepreneurship, and the Mexican Association of Private Equity (AMEXCAP) developed a collaborative study on CVC experiences and good practices in Mexico.

This initiative permitted a more in-depth exploration of the characteristics, organizational structure, corporate governance, and strategies and sectors interested in CVC investments in Mexico, thereby generating improved collaboration between the actors of the entrepreneurial ecosystem and promoting a greater professionalization of these activities in our country.

“In developed countries, CVC growth has been surprising. In order to promote a prosperous entrepreneurial ecosystem in Mexico, five well-orchestrated key players are essential: startups, universities, government, investors and corporations,” said Félix Cárdenas, Director of EGADE Business School’s Center for Innovation and Entrepreneurship.

The study included a 34-question survey on the operation and impact of CVC in Mexico, generating descriptive statistics of the 19 corporations that participated in the same. The main findings of this investigation are:

• Most of the participating corporations (19 out of 23) have a specific area for CVC, with a mandate and an assigned structure. Of these units, 89% have between 1 and 10 employees.
   
• Practically all the companies interviewed (89%) seek to attract and support startups of external origin.
   
• 44% of companies in the Mexican ecosystem have financing from a fund of less than $10 million dollars. In addition, 13% of companies in Mexico invest up to $100 million.
   
• 28% of the participating companies indicated that they invested in foreign startups, 22% have investments in Mexico and Latin America, and another 22% invest in Mexican and U.S. startups.
   
• Of the companies surveyed, approximately 29% make 0 to 2 investments per year, 65% 3 to 5 investments per year, and just 6% more than 10 investments per year.

“One of the strategic challenges for many business organizations is how to achieve a permanent capacity for innovation that allows them to renew their product and service portfolio, and adapt their business model in the face of the pressures from a volatile, unpredictable environment. In this regard, the corporate executives interviewed indicated that CVC has a positive impact, both in financial and strategic terms,” commented Liliana Reyes, General Director of AMEXCAP.

Considering that the four fundamental resources of an entrepreneurial ecosystem are talent, capital, ideas, and technology, the EGADE Business School and AMEXCAP study on Corporate Venture Capital in Mexico will promote understanding and interconnection between these components, delving into specific data on CVC operations in Mexico.

The study was presented on November 10 within the framework of the second edition of INC Corporate Venture Capital, a forum organized by AMEXCAP in partnership with Global Corporate Venturing, during Tecnológico de Monterrey’s 2021 INCmty entrepreneurship festival.

You can see the study here: https://egade.csf.itesm.mx/ci/cie/publicaciones.html 

Raj Sisodia, Distinguished Professor, Tec de Monterrey, and Christian Molina, Academic and Research Director, Center for Conscious Enterprise, participate in a fireside chat during INCmty 2021.

By JOSÉ ÁNGEL DE LA PAZ | EGADE BUSINESS SCHOOL

Conscious enterprises have the power to heal our societies for post-COVID-19 recovery, assured Raj Sisodia, Distinguished University Professor of Conscious Enterprise, and Christian Molina, EGADE Business School Professor, and Academic and Research Director of Tecnológico de Monterrey’s Center for Conscious Enterprise (CEC).

The CEC academics delivered the fireside chat “The Healing Power of the Conscious Enterprise for the Post COVID” within the framework of the ninth virtual edition of  INCmty 2021.

They both recognized the role of conscious companies, organizations with a higher purpose that, apart from generating financial returns, have the capacity to create long-term economic, social, and environmental value, through plans and actions aimed at transforming societies and making them more prosperous.

“To heal, our actions need to prioritize love,” said Sisodia, Co-founder and Global Leader of the Conscious Capitalism movement.

Sisodia explained that, with capitalism and the free market, we have been participants in social progress such as the increase in literacy, the reduction of child mortality, and the decrease in the global population living in extreme poverty.

Nevertheless, he observed that individuals’ psychological suffering has increased, and environmental degradation has multiplied.

Considering that we are currently facing a crisis with more than three heads, including climate change, overproduction and overconsumption, and social polarization, he stressed that our societies’ need to heal now plays a starring role.

Therefore, Sisodia declared, “it is essential that, at the personal, community, national and global levels, people exercise a transformational leadership that is empathetic and conscious.”

Taking into account that the pandemic has been a traumatic experience for humanity, Molina agreed that governments, companies, and individuals are under an obligation to evolve, based on the values of well-being, mindfulness, and happiness.

EGADE Business School professors Carlos Vargas and Alicia Galindo joined the more than 200 speakers in sharing their ideas and experiences at INCmty 2021.

By JOSÉ ÁNGEL DE LA PAZ | EGADE BUSINESS SCHOOL 

Key points on sustainable finance and taxes for entrepreneurs were presented by Carlos Vargas and Alicia Galindo, EGADE Business School professors, within the framework of the ninth virtual edition of INCmty.

The academics delivered the conferences “Sustainable Finance 3.0” and “Taxes for Entrepreneurs,” respectively, within the Business Hacks Summit track of the Tecnológico de Monterrey's innovative entrepreneurship festival. 

SUSTAINABLE FINANCE: MAXIMIZING RETURN AND IMPACT

Vargas analyzed the current status of sustainable finance in Mexico and the world.

In the current context defined by the climate emergency and the COVID-19 pandemic, the global financial sector will continue to be indispensable to achieve the United Nations Sustainable Development Goals (SDGs), assured the professor from EGADE Business School's Department of Finance and Economics.

In that sense, he added, impact investing, green bonds, and microfinance are key tools in achieving global climate goals.

Vargas explained that business ventures seeking to contribute to global efforts to mitigate polluting gas emissions should pay special attention to the priorities of sustainable investing, based on environmental, social and corporate governance (ESG) criteria.

TAXES FOR ENTREPRENEURS: BEING COMPLIANT HAS ITS ADVANTAGES

Galindo focused on the benefits of complying with tax obligations and the main challenges in understanding and managing these duties with the Tax Administration Service (SAT), in the Mexican context.

Being tax compliant, he highlighted, has the advantage of facilitating access to bank and institutional financing with better credit conditions, while fomenting the building of strategic alliances with other organizations and promoting transparency, something that is highly valued among clients and consumers.

The EGADE Business School Department of Finance and Economics professor and director of the B.A. in Finance and Accounting program at Tec de Monterrey stressed that

the recent simplification and digitization of SAT procedures has allowed taxpayers to improve their strategic planning regarding tax obligations.

In turn, this has facilitated efficiency in establishing new businesses in Mexico, she said. 

An EGADE - UNC Charlotte MBA in Global Business & Strategy alumna receives recognition for her achievements and promising future in business.

By JOSÉ ÁNGEL DE LA PAZ | EGADE BUSINESS SCHOOL

Violeta Ramírez, an alumna of the EGADE - UNC Charlotte MBA in Global Business & Strategy dual-degree program, was honored with the Belk College Outstanding Young Alumni Award for her achievements and promising future in business.

This honor is given annually by the business school of the University of North Carolina in Charlotte, within the Belk College Alumni Awards ceremony, streamed on November 3 in its 2021 edition.

As a graduate of the dual-degree program, Ramírez is a graduate of both EGADE Business School at Tecnológico de Monterrey and UNC Charlotte's Belk College of Business.

OUTSTANDING YOUNG STUDENT AWARD

This Belk College award recognizes alumni under 40, demonstrating achievement and showing a promising future in business.

Ramirez is actively engaged as a human resources strategy consultant, business advisor, board member, executive talent lead, and homeschool mom for her 9- and 7-year olds.

The alumna runs a family-owned consulting firm and previously served as the interim CEO and Chief Development Officer for WellMedic Health Centers in Monterrey, Mexico. 

"My MBA degrees have helped me grow in my career. They have given me a broader perspective, greater insight, and the possibility to discover my areas of potential that I hadn't discovered yet," Ramírez said. "I feel deeply honored and grateful to be the recipient of this award. It brings me great joy and a huge sense of responsibility to keep my commitment to do better and to continue growing."

The Governor of Banco de México delivered a conference and participated in a panel during an event organized by EGADE Business School and the Undergraduate Business School at Tec de Monterrey. 

By JOSÉ ÁNGEL DE LA PAZ | EGADE BUSINESS SCHOOL

The economic and financial effects of the shocks stemming from COVID-19 have been significant and markedly different from those corresponding to previous crises or recessions, according to the governor of Banco de México, Alejandro Díaz de León.

"In 2021, the pandemic has implied challenges that were different from those faced in 2020," he said.

The central banker delivered the keynote address "National Economic Forecast" on October 28, at a summit for Tec21 Model formative partners in Querétaro, organized by EGADE Business School and the Undergraduate Business School at Tecnológico de Monterrey School of Business.

Díaz de León went on to explain that, owing to the pandemic, the global economy progressed from the total and partial closure of activities to a scenario of vigorous expansion of spending and a shift from spending on the consumption of services towards goods, especially in advanced economies.

"This has produced major bottlenecks in production and inflationary pressures worldwide. These are transferred to internal inflation through increases in the prices of tradable goods and diverse costs of production, transportation, and distribution inputs," he commented.

Regarding the challenges of the current circumstances, he stressed that a global environment of higher growth and inflationary pressures has been consolidated in the past few months.

"While these are expected to be transitory, they pose greater risks to price formation, especially in emerging economies," he said.

Among the final considerations of his conference, the head of Banxico emphasized the following:

• Global risks include those associated with the pandemic, inflationary pressures, and monetary and financial conditions adjustments.
• Even though the shocks that have affected inflation are expected to be transitory, given the diversity, magnitude, and extended horizon of such effect, they may imply a risk for price formation and inflation expectations.
• The Governing Board will determine a monetary stance that is at all times consistent with the orderly and sustained convergence of inflation to the target of 3% in the period in which the monetary policy operates, fostering a suitable adjustment of the economy and financial markets.
• The need to reinforce institutional and structural elements that influence capital accumulation and productivity.

After his conference, Díaz de León participated in a panel with Paulina Campos Villaseñor, Vice-President of Integrity and Compliance at Tec de Monterrey, and Carlos Rodrigo Lever Guzmán, Dean of the Mexico City Region of the School of Social Sciences and Government. 

QUERÉTARO FORMATIVE PARTNERS SUMMIT

The summit, which took place virtually, started with messages from Mauricio Kuri González, Governor of the State of Querétaro; Pascual Alcocer Alcocer, Vice-President of the Central-Southern Region and General Director of Campus Querétaro, Tecnológico de Monterrey, and Osmar Zavaleta Vázquez, Interim Dean of EGADE Business School.

Apart from the conference and panel offered by Díaz de León, the event included a panel for formative partners, with the participation of Guillermo Stankiewicz, CEO of Fiesta Americana Puebla; Johanna Flórez Restrepo, Talent Acquisition Manager at Quala México; Eduardo Moreno Yta, CEO of Mexican Honey & Bee Company; and Leticia Treviño Prado, Coordinating Manager at AlphaCare.

In addition, the Tec21 Model formative partners received awards during the closure, led by Jaime Martínez Bowness, Director of EGADE Business School, Mexico City site. Watch the initial messages and the address and panel offered by Díaz de León here.

National President of Coparmex delivers the inaugural address at the CLADEA 2021 Virtual International Congress, co-organized by EGADE Business School - Tecnológico de Monterrey and held from October 25 to 27. 

By JOSÉ ÁNGEL DE LA PAZ | EGADE BUSINESS SCHOOL

The 8.3% decline in Mexico’s economy in 2020, double that of countries with similar economies, such as Chile and Brazil, is the result of the COVID-19 crisis and a decision by the Mexican Government not to inject resources to reactivate the economy, claimed José Medina Mora, National President of the Confederation of Employers of the Mexican Republic (Coparmex).

The business leader delivered the inaugural address at the CLADEA 2021 Virtual International Congress, co-organized by EGADE Business School - Tecnológico de Monterrey and held from October 25 to 27 with the theme “Innovation, conscious business and the future of education.”

During the pandemic, Medina Mora pointed out, in Mexico more than 1,100,000 formal jobs were lost, representing 5% of the same, and over a million companies have disappeared, particularly micro and small enterprise.

“However, averages don’t help us understand what happened and which challenges we are facing in companies,” he said.

Responding with innovation is the main challenge that organizations will be facing, Medina Mora explained.

“Technology and virtuality have changed the way in which people and companies interact. An enormous challenge for us is how we capitalize on the advantages produced by the pandemic,” he added.

Apart from Medina Mora, others present at the opening ceremony were Osmar Zavaleta, Interim Dean of EGADE Business School; Raúl Montalvo, Director of EGADE Business School, Guadalajara site; Andrés Toledo, President of the Steering Committee 2019-2021, CLADEA; and Manuel Ortiz de Zevallos, Executive Director of CLADEA.

INNOVATION, CONSCIOUS BUSINESS AND THE FUTURE OF EDUCATION

The congress brought together around 700 academic leaders, educators, researchers, and doctoral students from around the globe in plenary sessions, conferences, panels, workshops, scientific paper presentations, and social activities.

The event closed with a traditional mariachi serenata, representative of Jalisco, the state where EGADE Business School’s Guadalajara site is located.

CLADEA is an international network that brings together higher education institutions and organizations committed to management education and research.

At present, CLADEA has 237 member institutions, both private and public, from 30 countries in America, Europe, and Oceania. EGADE Business School is a member of CLADEA

Guests included directors from Grupo Walmex, Business Transformation Consortium, Fideicomiso de Turismo de Los Cabos, and EGADE Business School.

By VALENTINA FLORES CÁCERES | EGADE BUSINESS SCHOOL

Entrepreneurship with emerging technologies, the future of retail, sustainable tourism, and transformation in organizations were the topics addressed by Business Territory, the podcast of EGADE Business School and the Undergraduate Business School of Tecnológico de Monterrey in October.

In case you missed them, here are the four episodes:

Episode 50: Entrepreneurship with emerging technologies

Pedro Carreón, Director of the EGADE MBA Online and the EGADE MBA in Guadalajara, analyzes the challenges and opportunities for entrepreneurs and innovative startups to understand the new problems, needs, and aspirations of their customers and develop new products and value offers based on Artificial Intelligence, Blockchain, or Big Data. 

Episode 51: The future of large retailers

The most innovative retailers have begun to assume that technology is not just a complement but has also become a crucial part of the buying experience. Erika Falfán Mayer, Vice-President of Centralized Operations for Mexico at Grupo Walmex, describes organizations' challenges when serving a hyperconnected and informed consumer. 

Episode 52: Tourism, a sustainable recovery?

After the coronavirus crisis, tourism is back, but doubts have emerged about the sustainability of business models of the past. Rodrigo Esponda, Director of Fideicomiso de Turismo de Los Cabos, and Orla Branigan, Director of Marketing, Communication, and Student and Alumni Relations at EGADE Business School, analyze the growth of sustainable tourism and other impactful trends in Mexico.

Episode 53: Transformation in organizations, permanent evolution?

Miguel Galván, CEO of Business Transformation Consortium (BTC), and Juan Antonio Enciso, Director of the Global OneMBA Program at EGADE Business School, discuss the challenges for CEOs in developing a holistic transformation process in their organizations.

Territorio Negocios is part of the Tec Sounds podcasts and is available on Spotify, Amazon Music, Apple Podcasts, and Google Podcasts.

Listen to a new episode every Tuesday!

The flexibility of the program allows executives and entrepreneurs to consolidate, at their own pace, practical, immediately applicable knowledge, focusing on four core themes to grow in the world of business.

By COMUNICACIÓN INSTITUCIONAL | EGADE BUSINESS SCHOOL

To help executives and entrepreneurs anywhere in the world consolidate their skills, at their own pace, to navigate the new business reality successfully, EGADE Business School at Tecnológico de Monterrey has developed MGMT Business Skills.

The new 100% online program forms part of EGADE Business School's Executive Education program portfolio, offering time optimization through flexibility and providing practical, immediately applicable knowledge to grow in the world of business.

MGMT Business Skills allows businesspeople to combine their education with commitments in their organizations or enterprises through up-to-date content taught by EGADE Business School professors as well as guest business leaders, covering four thematic areas:

· Leadership

· Business Vision

· Innovation and Entrepreneurship

· Exponential Technologies

"As resources to progress in business, adaptability and time are two fundamental elements. Therefore, at EGADE Business School, we designed MGMT Business Skills so that participants can tailor it to fit their needs. The program offers practical, applicable knowledge in an asynchronous, digital format, enabling participants to climb in their business structure or grow their firms," explained Jaime García Narro, Associate Dean of Executive Education at EGADE Business School.

The program is comprised of brief, optimized content in diverse rapid, user-friendly formats, such as videos, readings, and podcasts.

The six-month MGMT Business Skills program is taught in Spanish. Thanks to its flexibility, it can be personalized to the extent that participants choose 50% of the topics according to their interests. Read more information about the program here.