Over 30 students from Global Network for Advanced Management member schools attended the online module offered by EGADE Business School.

By JOSÉ ÁNGEL DE LA PAZ | EGADE BUSINESS SCHOOL

Thirty-two students from eight Global Network for Advanced Management (GNAM) member schools participated in the course on sustainable entrepreneurship in Latin America offered by EGADE Business School, within the June 2021 online edition of the EMBA Global Network Week.

The module called “Sustainable Entrepreneurship in LATAM: Towards a More Equitable and Innovative Economy” implied a learning, teamwork and connection experience, during which participants analyzed the worldwide emergence of social innovation and its most recent development in Mexico and the region.  

Guided by EGADE Business School professors, Francisco Layrisse and Ezequiel Reficco, as well as other guest educators and social entrepreneurs, participants examined paradigms such as hybrid organizations and B corporations, and the tools and attitudes needed to lead a social innovation.

They also enjoyed cultural interactions on Mexican festivities, cuisine, music and clothing, as well as the most important museums and archeological sites in the country.

THEIR EXPERIENCE WITH EGADE

“I had an amazing week of intensive knowledge sharing at EGADE Business School. The GNAM program enriched my perspective about social entrepreneurs. The speakers and the students we interacted with made the experience unique and so valuable. Even considering the restriction imposed by social distancing, the moderator let us be a very integrated group. Thank you very much for the opportunity.”
Adriano Candido, FGV Escola de Administração de Empresas de São Paulo, Brazil.

"Being a student at EGADE Business School, even just for the GNAM week, is an unforgettable experience. I learned so much about social and sustainable entrepreneurship, I met so many fascinating people who I wouldn’t have been able to meet anywhere else, and I always felt welcome. I loved the combination of studies and culture capsules, and how the hosts helped to make this a truly holistic experience.”
Lucy Literado, IE Business School, Spain.

"I had a very inspiring week at EGADE Business School in Mexico, learning about sustainable entrepreneurship through the Global Network. We learned about large and small companies that are having a positive impact across the world through sustainable (and profitable!) business models. This content should be compulsory at all business schools. I recommend that all business leaders should delve into the thrilling environment of the sustainable business spirit and learn that profits and social impact do not have to be a zero-sum game.”
Claire Dugan, ESMT Berlin, Germany.

"In these times of extraordinary challenges, it is important to keep our minds open to new ideas. During this Global Network Week, I had the privilege of being part of the EGADE course on sustainable entrepreneurship in Latin America. From multiple perspectives, I saw how these principles can lead to clear results on a small to large scale. Having been brought up by a Mexican mother (and grandma), learning about my heritage has been a pleasure. I hope to visit EGADE in the future and thank the personnel and see these initiatives in person.”
Michael Salmon, ESMT Berlin, Germany.

"My experience at the Global Network Week at EGADE Business School was incredible. The organizing team is so kind and helpful. The students are kind and polite, the professors are so enthusiastic and committed to the courses, and the programs are exciting, challenging and very important for the student’s future.”
Felipe Serrano, Pontificia Universidad Católica de Chile Escuela de Negocios, Chile.

“I loved the experience in this Global Network Week. It was inspiring, and having the chance to collaborate with people worldwide was amazing! Fully recommended.”
José Luis Álvarez, EGADE Business School, Mexico.

EGADE STUDENTS AROUND THE WORLD

A total of 84 EGADE Business School students, from the EGADE MBA, EGADE - UNC Charlotte MBA in Global Business & Strategy and Full-Time MBA in Innovation & Entrepreneurship programs, participated remotely in 19 modules delivered within June 2021 edition of the EMBA Global Network Week.

The Global Network Weeks are the principal programs of the Global Network for Advanced Management, a network made up of the 32 leading business schools in the world.

Presenting in the 2021 edition of the global AIM2Flourish contest the stories of a solar biopanel and a biopesticide created by Mexican companies

By JOSÉ ÁNGEL DE LA PAZ | EGADE BUSINESS SCHOOL

EGADE Business School students were awarded two 2021 Flourish Prizes for documenting positive impact innovations from the Mexican companies Green Fluidics and Bioamin.

Every year, the AIM2Flourish global competition recognizes 17 business stories that contribute to the achievement of each of the 17 United Nations Sustainable Development Goals (SDGs).

This year, an international jury selected the winning stories from among 77 finalist stories written by students from 31 universities in 17 countries under the direction of 35 professors.

The finalist stories were chosen, in turn, from 585 stories published on the AIM2Flourish website in 2020.

Professor Ezequiel Reficco directed the EGADE Business School students who received awards in this edition, for their explanations of a solar biopanel and a biopesticide, both created in Mexico.

AIM2Flourish is a global initiative of the Fowler Center for Business as an Agent of World Benefit and the Weatherhead School of Management at Case Western Reserve University, supported by the United Nations.

BIOPANEL SOLAR, GREEN FLUIDICS

The students of the Master in Finance at EGADE Business School, Ana Sofia González, Fatima Lewis Batres and Manuel Medina, are the authors of the award-winning story of the solar biopanel created by Green Fluidics, which contributes to the achievement of SDG #7: "Affordable and clean energy."

This company, founded in 2018 in Toluca, State of Mexico, created a solar panel made with microalgae and nanofluids, with the capacity to generate 160 watts per hour of electricity, that is 90% biodegradable.

"The microalgae act like plants that photosynthesize, absorbing CO2 and creating oxygen, while the nanofluids absorb solar radiation at high temperatures, thereby creating electricity,” the students pointed out.

To develop the story, they interviewed Adán Ramírez, co-founder and CTO of Green Fluidics, who suggests that sustainable cities and communities will be easier to achieve when the commercialization of this product grows.

BIOPESTICIDE, BIOAMIN

María Fernanda Castorena Elizondo, Víctor Campo Aguirre, Erick Ruben Calahorra Mejía, Alan Castillo and Adriana Aranda, also students of the Master in Finance, received the prize for their story of a biopesticide developed by the agro-industrial company Bioamin, founded in 2008 in Saltillo, Coahuila.

This botanical fungicide, whose trade name is Org Fung, contributes to the fulfillment of SDG #15: "Life on land" and is made from extracts of the creosote bush (Larrea tridentata), a plant endemic to the Mexican desert.

"It is a very efficient biopesticide that gives better and faster results than traditional pesticides," the students point out.

In an interview with Juan Osuna, CEO of Bioamin, they found that one of the main environmental benefits of Org Fung is the absence of chemical residues when it is used for disease control in crops.

Tecnológico de Monterrey coordinated the investigation in Mexico for the Global Entrepreneurship Monitor 2020/2021 Global Report.

By INSTITUTIONAL COMMUNICATION | EGADE BUSINESS SCHOOL

At present, the world is experiencing diverse adverse effects in different areas due to the COVID-19 pandemic.

The Global Entrepreneurship Monitor (GEM) recently published its 2020/2021 Global Report results, which analyzes how this situation has impacted the entrepreneurial ecosystem worldwide.

This edition of the GEM report was carried out in 44 countries, including Mexico, employing a unified methodology refined across more than 20 years.

The methodology assesses the entrepreneurial ecosystem in the financing, government policies and programs, entrepreneurship education, technology transfer, commercial and professional infrastructure, internal market openness, physical infrastructure, and social and cultural norms.

Through a survey, which, this year, enjoyed the participation of over 317 experts in Mexico, the study evaluated the countries through the National Entrepreneurship Context Index (NECI).

In 2020, Mexico’s NECI score was 4.1 (on a scale of 1 to 10), down from 4.72 in 2019, placing it 33rd among the 44 participating countries.

In our country, the GEM study has been coordinated from the beginning, in 2001, by Tecnológico de Monterrey.

During 2020, the national team in charge of this effort was made up of José Ernesto Amorós, National Director of Doctoral Programs at EGADE Business School, and Elvira Naranjo Priego, a researcher from the Tec de Monterrey School of Social Sciences and Governance, among other professors and researchers.

“Entrepreneurship is not an isolated phenomenon. Apart from personal characteristics and motivations, the conditions of the environment play a fundamental role in fostering the creation of new businesses and their medium- and long-term success. In this research, we discovered that one of the major areas of opportunity for our country to promote a more favorable entrepreneurial ecosystem lies in reinforcing government policies and programs to support entrepreneurship,” Amorós explained.

Regarding Mexico’s NECI results, Naranjo Priego mentioned that “they also invite Mexico to underpin entrepreneurship education at the school level, while, as a country, we consolidate our outstanding aspects, such as infrastructure and education for entrepreneurship at the high school level, both of which are factors that connect us with other latitudes and generate the exchange of ideas to foster innovation.”

The researchers stated that the great challenge for the future of entrepreneurship in Mexico is to achieve a public-policy design that will facilitate business and create and formalize new companies.

They also indicated that transforming social perceptions of entrepreneurial activity will be key to achieving an environment that encourages public-private cooperation in a joint effort to reactivate the country’s economy.  

Download and read the full report here:
https://www.gemconsortium.org/file/open?fileId=50691

ABOUT GEM

Global Entrepreneurship Monitor (GEM) is a major international research project which analyzes the propensity of a country’s population to engage in entrepreneurial activities. 

To date, GEM is one of the few academic projects to provide, systemically and annually, internationally comparable harmonized data.

This project was founded in 1997 by researchers from London Business School and Babson College. The initial GEM study comprised a group of 10 countries, being published in 1999.

Since then, GEM has transformed into a consortium of over 70 national teams.

Guest specialists from Genesys and LITS Adventures participated in the webinar “Customer Experience Management (CXM): designing memorable experiences”.

By INSTITUTIONAL COMMUNICATION | EGADE BUSINESS SCHOOL

Chatbots and voicebots, which make it possible to automate company-customer conversations through Artificial Intelligence, are already a reality and their evolution and large-scale use continue to advance.

In this way, exponential technologies are here to stay and are key to the transformation of customer experience for business now and in the future.

This topic was discussed by guest specialists during the webinar “Customer Experience Management (CXM): designing memorable experiences” from the EGADE Future Forum series, moderated by Jaime Martínez Bowness, Director of EGADE Business School, Mexico City site.

“Without customer experience, we wouldn’t be able to think about surviving and growing. And, today, customer experience is enhanced by technology. Digital experiences are here to stay,” explained Liz Zavaleta, Director of Marketing and Communication at Genesys.

However, the expert emphasized that prioritizing empathy over the speed of business is still fundamental.

“Communicate to connect, not just to sell,” Zavaleta said.

In addition, Cédric Vialle, Director of Digital and E-commerce at LITS Adventures and EGADE Business School professor, highlighted the importance of considering customer lifetime value to build product and service ecosystems that will attract customers beyond the short term.  

“Marketing makes the first sale, but customer service makes the next ones,” he said.

Watch the complete webinar here.

With information from Valentina Flores Cáceres

Guests from Grupo GMI, Sumitomo Drive Technologies and Grupo Lady Multitask talk with faculty and experts from EGADE Business School and the Tec School of Business.

By VALENTINA FLORES CÁCERES | EGADE BUSINESS SCHOOL

The family business legacy, customer engagement in times of COVID-19 and self-employment as an entrepreneurship opportunity were just a few of the topics addressed by Business Territory, the EGADE Business School and Tecnológico de Monterrey School of Business podcast, in May.

In case you missed them, here are three episodes:

Episode 35: How to pass on the family business and survive in the attempt.

Óscar Peralta, Executive Assistant to the CEO of Grupo GMI, and María Fonseca, Director of the Tecnológico de Monterrey Entrepreneurial Family Institute (IFEM), discuss their experiences and recommendations for the Achilles heel of family enterprises: succession.

Episode 36: Customer engagement and its transformation during a pandemic.

Santiago Barajas, General Manager of Sumitomo Drive Technologies in Argentina, and Fernando Sierra, EGADE Business School professor, examine the global evolution of B2B and B2C relationships as a result of COVID-19, and analyze whether the acceleration of digitalization has generated new customers.

Episode 37: Rescuing the economy, one ‘Neni’ at a time.

Mercedes Palomar, Founder and Director of Lady Multitask, and Antonio Ríos, Regional Director of Tec de Monterrey’s Eugenio Garza Lagüera Entrepreneurship Institute, talk about the ‘Nenis’ phenomenon: a social tribe that has gained mass appeal during the e-commerce boom, enabling over 13 million Mexican women to find a source of income in the midst of the crisis.

Business Territory forms part of the Tec Sounds podcast bar, and is available on Spotify, Apple Podcasts and Google Podcasts.

Keep on listening to Business Territory!

EGADE's global vision and its way of adapting to a disruptive environment are aspects valued by the global Council that brings together 229 world-leading business schools.

By INSTITUTIONAL COMMUNICATION | EGADE BUSINESS SCHOOL

The Graduate Management Admission Council (GMAC) announced that EGADE Business School at Tecnológico de Monterrey has become the Council’s newest member.

EGADE Business School is selected for its world-class programs and international recognition in and beyond Latin America, adding great representation of the region to the global association that constitutes 229 top business schools around the world.

“EGADE Business School at Tecnológico de Monterrey has built a globally recognized reputation as the leading Latin American business education institution, committed to empowering entrepreneurial leaders who create shared value and transform society,” said Osmar Zavaleta, interim dean of EGADE Business School. “EGADE is committed to the exchange of ideas and best practices with our global peers and GMAC membership provides a valuable platform for enhancing that exchange other GMAC member schools”.  

“The pandemic has taught us to be innovative and adaptive in a disruptive environment of an interconnected world,” said Sangeet Chowfla, president and CEO of GMAC. “We value the global vision and holistic approach that EGADE Business School brings and look forward to their contributions to the advancement of graduate management education.” 

EGADE Business Schools is among a select group of institutions internationally to hold the “triple-crown” of excellence from the three leading global accreditation systems for business education quality assessment and continuous improvement: Association to Advance Collegiate Schools of Business (AACSB), Association of MBAs (AMBA), and EFMD Quality Improvement System (EQUIS).

For the fourth consecutive year in 2021, EGADE Business School topped the Quacquarelli Symonds (QS) ranking in Mexico and Latin America for its Full-Time MBA in Innovation & Entrepreneurship and Master in Finance programs and appears for the first time as the regional leader for its recently introduced Masters in Management.

To be considered for membership in GMAC, a school must maintain a selective admissions process; offer a master’s program in business administration, management subjects or equivalent; and demonstrate support of GMAC’s mission through the use of its products and services.

ABOUT GMAC

The Graduate Management Admission Council (GMAC) is a mission-driven association of leading graduate business schools worldwide. Founded in 1953, GMAC creates solutions and experiences that enable business schools and candidates to better discover, evaluate, and connect with each other. 

GMAC provides world-class research, industry conferences, recruiting tools, and assessments for the graduate management education industry, as well as tools, resources, events, and services that help guide candidates through their higher education journey. Owned and administered by GMAC, the Graduate Management Admission Test (GMAT) exam is the most widely used graduate business school assessment.

The Chair of the Board of Telmex, América Móvil, Grupo Carso, and Grupo Sanborns is invited to a session of the EGADE Business School Executive Education program.

By JOSÉ ÁNGEL DE LA PAZ | EGADE BUSINESS SCHOOL

Carlos Slim Domit met with participants of the EGADE Business School Executive Education Board Member Education Program, to share his experiences as a board member of various Mexican companies.

Answering a direct question from the attendees, the businessman talked about the qualities a board member should have.

“It depends on the company’s profile, but, in general, it should be a person who has an interest in the business, who undertakes, finds a way to contribute to improving it,” commented the Chair of the Board of Telmex, América Móvil, Grupo Carso and Grupo Sanborns.

In addition, Slim Domit stressed the value of the diversity and expertise that board members contribute to decision-making.

“The aim is for the board to have a variety of opinions, making it possible to touch on different points of the same decision, and question the financial decision, the creative vision in the case of new products or developments, or human resource issues regarding motivation or compensation programs,” he said.

Slim Domit highlighted the relevance of incorporating into the board people who are experts in specific areas, even if they are not entirely familiar with the business activity.

“A company such as Telmex, with, for example, huge technological dynamics, highly robust investment programs, a solid regulatory environment, a more sophisticated work environment, is not the same as an industrial firm with a single activity or marketing channel; so, it really depends on the company and the challenges it is dealing with to determine which approaches are the ones you need in a board of directors,” the son of businessman Carlos Slim Helú said.

The session, held remotely, enjoyed the participation of Juan Pablo Murra, Rector of Higher Education, Tecnológico de Monterrey; Jaime García Narro, Associate Dean of Executive Education, EGADE Business School, and Carlos Serrano, Director of the Board Member Education Program.

Targeting members of the Board of Directors, business owners, directors and executives, and strategic decision-makers, the Board Member Education program hones their competencies and provides specialized knowledge on how a Board of Directors function, including the reinvention of the business model, acquisition of companies as a growth strategy, and the successful continuance of the family business, among other key topics.

Full reproduction of the Statement: EGADE Conscious Return in the HyFlex +Tec Model. Advances for the Summer & Fall 2021 Academic terms: Summer, August-December Semester, September- December Trimester, sent today to our students:

Dear EGADE Business School students,

We hope that you and your loved ones are doing very well. 

We are excited to share the recent communication from Tecnológico de Monterrey sent to our High School and Undergraduate students: Announcement on the conclusion of this semester and the advances for the Summer & Fall 2021 academic terms.

At EGADE we also preparing to commence the 2021 Summer term (semestral/trimestral), the August semester, and the September 2021 trimester in the hybrid format, with the option of some face-to-face classes commencing gradually from the Summer. Our professors and collaborators have been intensively preparing as part of our Conscious Return Plan and they have adapted to the circumstances and innovated to respond to the challenge.

The EGADE sites are entirely prepared to operate in a hybrid format, with the reconfiguration of our installations considering the strictest health, safety, and hygiene protocols, in line with the established global standards.  

We emphasize that the decision by Students to return to on-Campus/on-Site attendance at our programs is entirely voluntary and that all our academic programming in the face-to-face format will be subject to the epidemiological risk conditions, and the installations conditions pertaining, at each EGADE site or Campus.    

What will the EGADE hybrid return for the Summer 2021, the August 2021 semester, and the September 2021 trimester look like?

We will continue with the deployment of the HyFlex+ Tec model, through the implementation of the following actions:

Our academic programming will include two formats:

1. Hybrid: combining face-to-face and distance class sessions, alternating the Students of each group, and taking advantage of our comprehensive digital resources.
2. Remote: Students would take their classes and sessions remotely throughout the entire course.

The groups in each modality will be activated according to the academic programming in each period, the permitted capacity in each EGADE site/campus, and always aligned with the guidelines dictated by the federal and state authorities.

1. EGADE LiFE:

The hybrid experience beyond the classroom will commence from August 2021, with a gradual return to face-to-face EGADE LiFE activities, career services, and certain events that complement the academic experience of our Student community. Once again this will depend on the epidemiological risk conditions in vigor in each entity, and the wider capacities and conditions of each EGADE site/ campus. 

2. International Programs Summer / Fall 2021:  

Our international program offer is aligned with the guidelines issued by the Vicerrectory for Internationalization at Tecnológico de Monterrey, with the following considerations applying:

3.1 EGADE students traveling abroad to international programs: 

• The Global Network Week programs for June and October 2021 will be held remotely by agreement of the Global Network for Advanced Management consortium.
   
• ​​​​​​​All Summer short courses will remain in virtual format.
   
• ​​​​​​​From the August 2021 semester and the September 2021 trimester, students who wish to participate in an international exchange or double degree program have the opportunity to do so in-person, in hybrid mode, or remotely, depending on the conditions and the policies of each country and each partner university.

3.2 International students traveling into Mexico to EGADE

• For the August 2021 semester and the September 2021 trimester, it has been decided to offer our EGADE international programs in remote and hybrid modalities. However, the hybrid modality will be limited to the EGADE Monterrey site only and will be operable under certain conditions.

Note: We leave it to the discretion of those Students who may consider traveling from Mexico internationally, or into Mexico, for international programs, to take their decisions consciously and responsibly.

If you require more information about the EGADE International Programs, please do not hesitate to contact the International Office Coordinators at your respective site:

• EGADE Monterrey: Yasmin Ortiz, yasmin.ortiz@tec.mx 
• EGADE Mexico City / Querétaro: Lirio Hernández, lirio.h@tec.mx
• EGADE Guadalajara: Ana Lorena Mendoza, ana.lorena.mendoza@tec.mx 

4. Summer Graduations 2021: 

We take the opportunity to advise our Students who are graduation candidates this Summer, that we will soon be sharing updates related to the events. In the coming two weeks, you will receive further information in your institutional emails.

It is important to mention that our Conscious Return Plan at EGADE is designed to increase or reduce capacities, or indeed, should the conditions require, to return to fully remote mode, as necessary.

We remind you to visit the institutional Conscious Return Site to consult more information and keep an eye on official communications from EGADE.

Likewise, we invite you to share any questions or concerns about a return to EGADE campus/site, as part of the HyFlex +Tec mode with face-to-face options, with your Program Directors. Also, we invite you to contact us using the emails below, so we may help you in coordination with the EGADE areas responsible for each particular situation:

• EGADE Monterrey: casa.mty.renp@servicios.itesm.mx 
• EGADE Santa Fe and Querétaro: casa.posgrado.csf@servicios.itesm.mx
• EGADE Guadalajara: angelica.dagda@tec.mx 

We are ready to return and excited to soon have you back at our EGADE sites.

Looking forward to seeing you then!

Warm regards,

Laura Zapata Cantu
Academic Associate Dean
EGADE Business School
Tecnológico de Monterrey