EGADE Business School graduates increase their representation in the capital of Jalisco, joining the existing chapters in Monterrey, Mexico City and Querétaro.

By JOSÉ ÁNGEL DE LA PAZ | EGADE BUSINESS SCHOOL

EGADE Business School EXATEC (Alumni) Association celebrated the creation of its Guadalajara Chapter, with an online presentation to introduce its executive team and work plan.

The directors of the new Chapter are:

• Marcelo Martín del Campo (MBA’18), director.
• Alejandro Salgado (MBA’18), co-director.
• Carlos Ortega (MBA’18), secretary.
• Rodrigo Vázquez (MBA’18), communication.
• Ricardo Zapata (MBA’18), communication.

In this way, Guadalajara has joined the three current chapters of the EGADE Business School EXATEC Association, Monterrey, Mexico City and Querétaro.

During the session, Raúl Montalvo, Director of the EGADE Business School Guadalajara site, and Moisés Beltrán (MBA’15), President of the EGADE Business School EXATEC Association, applauded the creation of the new chapter.  

“Opening a chapter in Guadalajara is a great honor, but also a great responsibility. Today, more than ever before, we need great solidarity to add value, by getting people involved. Thank you for accepting this new mission,” said Montalvo.

In addition, Beltrán urged the members of the new chapter to “feel part of a unique community and one EGADE” within the association.

Del Campo affirmed that the Guadalajara chapter executive team will contribute their enthusiasm and ideas to forge ties and generate value among the EGADE alumni community.

“The work plan we have proposed for the next few months is based on creating a sense of community, learning from each other and fomenting coexistence,” he explained.

Alumni from the different sites can contact the EGADE Business School EXATEC Association by writing to asociacion.egade@exatec.tec.mx.

In its Decalogue for the Economic-Business Refounding of Mexico, EGADE Business School has included four recommendations for the transformation of the private sector and its adaptation to this new scenario produced by the pandemic.

By INSTITUTIONAL COMMUNICATION | EGADE BUSINESS SCHOOL

The health, economic and social effects of the COVID-19 pandemic have brought to light the need for a great business reset in Mexico and the world. In this reset, business models will need to adapt to a volatile, uncertain environment, increase disruption in entire sectors, and focus more closely on new ways of working and remote consumption, with all the technological and geographic implications for companies and society in general.

In order to contribute to reflection and the search for collective solutions, EGADE Business School - Tecnológico de Monterrey recently published its Decalogue for the Economic-Business Refounding of Mexico, which includes four key proposals for the transformation of companies and their adaptation to this new scenario:

1. Develop a more conscious model for doing business

Before the pandemic, the world was already immersed in a profound environmental and social crisis that was gradually eroding citizens’ confidence in globalization, democracy and a business model that prioritized shareholder profits over any other objective.

Although this model generated prosperity, growth and opportunities, there is an urgent need for a new paradigm to foster business practices and strategies that will incorporate responsible consumption and production, as well as participation in entrepreneurship and social innovation. In short, a conscious vision for doing business.

2. Establish the entrepreneurial ecosystem as the core of recovery

With depressed business and industrial environments and a sharp drop in the availability of venture capital and foreign investment, supporting and facilitating the survival of existing companies and the creation of new firms by developing government funds matched by private funds is vital. Businesspersons, entrepreneurs and new companies must have access to loans where factors such as the generation of potential employment and cash collateral are sufficient.

In the long term, it will be essential to consolidate an entrepreneurship and innovation ecosystem, with the participation of companies, universities and research centers as talent magnets. In addition, it is extremely important for all the different actors to understand that talent is highly mobile and its attraction requires the creation of  dynamic, inclusive and sustainable opportunities.

3. Leverage economic recovery through sustainability and innovation

From this point on, ensuring sustainable development cannot be postponed, which is why companies must set goals aligned with the 17 Sustainable Development Goals (SDGs) approved by the United Nations.

This will lead to the generation of enormous opportunities for companies to raise their sustainability goals, create new business models inspired by the circular economy and develop disruptive technologies, thereby enhancing their reputation and the shared value they offer society.

4. Forge collaborative, transparent leadership

The health emergency has exposed an alarming lack of leadership in society. A confused leadership, plagued with errors has led to a high cost in human lives and resources. As a result of this situation, some institutions or companies are suffering from a mounting lack of credibility that hinders crisis management.

Therefore, and in collaboration with civil society, the private sector needs leaders with a global, human and entrepreneurial vision to head the return to growth and prosperity. These leaders, unlike those of the past, should prioritize collaboration with other companies, universities and diverse organizations, and be completely transparent in their practices and operations.

The ten keys of EGADE Business School’s Decalogue for the Economic-Business Refounding of Mexico can be downloaded here.

By José Ángel de la Paz

The entry into force of the United States-Mexico-Canada Agreement (USMCA) can cut the economic cost of the COVID-19 pandemic and help economic growth, but it would be a mistake to assume that this will just happen with its implementation, warned Ignacio de la Vega.

“The government, entrepreneurs, trade unions and all the different sectors need to join together in order to understand the challenges and opportunities offered by USMCA,” emphasized the Dean of EGADE Business School and the School of Business of Tec de Monterrey.

In the webinar “New business opportunities for the Mexico-US relationship” from the  EGADE Future Forum series, Christopher Landau considered that the new trade agreement represents “a golden moment” for the three nations to attract investments to the region, although it is not “a magic wand that will change everything”.

“COVID-19 will mark a seminal moment in the history of our countries. As in any crisis, opportunities are created. The entry into force of the new agreement creates an extremely important platform for the economic acceleration of North America’s Big Three; it will open up doors and it’s up to all of us to take advantage of it,” said the United States ambassador to Mexico.

Jorge Torres, President of FedEx Express in Mexico and graduate from EGADE Business School’s Global OneMBA, highlighted that the North America region has historically demonstrated a willingness to progress with regards to trade and, with the contingency, the entry into force of USMCA has become very timely.

“The generation of 67% of Mexico’s GDP relies on international trade. Eighty percent of the goods that Mexico exports go to the United States, while 15% of US global trade is with Mexico. Sharing a border is a competitive advantage. Our value chains are highly integrated. We are more than neighbors; we are the best of allies. Our well-being hinges on our capacity to build bridges of dialogue and negotiation,” explained the also President of the American Chamber of Commerce of Mexico (AmCham).

De la Vega commented that the pandemic and the trade war between the United States and China have pushed companies established in Asia to look towards Mexico, encouraged by USMCA and the country’s strategic geographic location.

“I assure you that other countries, such as Vietnam and India, are knocking on the door of companies that are currently in China,” Landau observed.

At the closing of the webinar, Igor Rivera, director of the EGADE - W. P. Carey Executive MBA, presented this new executive program s the result of a partnership between EGADE Business School and the W. P. Carey School of Business at Arizona State University.

The EGADE - W. P. Carey Executive MBA, which begins in January 2021 in Mexico City, is an international double degree program with a fast-track format designed to transform and advance the journey of those executives who have their eyes set on senior management.

By José Ángel de la Paz

Making the best decision means taking advantage of all available resources, such as direct contact with those who have already been there.  

Therefore, EGADE Business School - Tecnológico de Monterrey launched the Connect with our Alumni, platform developed with Unibuddy technology.

This tool allows prospective students to “chat” in real-time with graduates from EGADE programs and obtain, first-hand, tips that will help them choose the graduate program that best matches their goal.

To use the platform, just go to the site, create an account, select a graduate profile and start chatting.

Prospective students can ask graduates, such as Elisa from the EGADE MBA, Fernando from the Master in Business Management or Miguel Ángel from the Master in Finance, any question related to their EGADE experience and the impact of their studies on their personal and professional lives.

Right now 12 EGADE alumni are available as buddies on the platform, where they can answer instantly or, in some cases, within 24 hours.

Visit the platform here.

By José Ángel de la Paz

The call for the EXATEC Awards 2021 is out, bringing the opportunity to identify, visualize, recognize and celebrate the career and achievements of EGADE Business School Alumni.

Nominate your candidate here. The deadline for submitting a nomination is September 4, 2020.

The EXATEC Awards are the highest distinction bestowed by Tecnológico de Monterrey on its alumni, seeking to recognize their most outstanding achievements that also reflect the spirit, value and principles of the Institution.

The EXATEC Awards consist of two categories:

• EXATEC Trajectory: Honors alumni whose sustained outstanding performance has positively enhanced Tec’s reputation and prestige, nationally or internationally, with a high degree of social responsibility in diverse fields, such as business, education, science and research, public service, human rights, volunteering, philanthropy, the arts or sports.
   
• EXATEC Merit: Honors alumni who, through their professional work, have had a positive impact on Tec and on its community. This accolade is awarded though the campuses, regions or graduate schools that participate in the calls.

Seguramente conoces a más de un egresado que merece ser reconocido. ¿Qué te parecería que ganara uno de los premios EXATEC?
Te invitamos a revisar la convocatoria 2021 ? https://t.co/9FAQtFyBw2 pic.twitter.com/eW3K1tjOBB

— EXATEC (@EXATEC) July 7, 2020

ABOUT THE NOMINATIONS

Any Tecnológico de Monterrey undergraduate, graduate or high school alumni who meet the call specifications can be nominated.

Any individual or company can propose candidates for the EXATEC Awards. Self-nominations are not accepted.

Nominated alumni for both prizes must comply with the following characteristics:

• Be leaders in their fields, with verifiable evidence. Their professional impact can be in any field and have repercussions anywhere in the world.
   
• Have at least fifteen years of professional experience or be at least 35 years old. Posthumous nominations are accepted no more than five years after the nominee’s death.

PAST RECIPIENTS

The recipients of the EXATEC Awards 2020 can be found here.

Past EGADE Business School recipients of the EXATEC Merit Award are: Jorge Luis Torres Aguilar, graduate from the Global OneMBA and President of FedEx Express in Mexico, in 2020, and Ana Karen Ramírez, graduate from the Full-Time MBA in Innovation & Entrepreneurship and founder and CEO of Epic Queen, in 2019.

By José Ángel de la Paz

EGADE Business School - Tecnológico de Monterrey has joined a global network of organizations that propel entrepreneurship in emerging economies, with the appointment of Dr. José Ernesto Amorós as a member of the Steering Committee of the Aspen Network of Development Entrepreneurs (ANDE) Central America and Mexico (CAM) Chapter.

ANDE is a global program of the Aspen Institute, which, through its representation in Mexico and Central America, works to create a flourishing entrepreneurial ecosystem in the region, fostering relations and encouraging collaboration among its members.

“The Steering Committee is made up of leaders who bring strategic guidance and support to the Aspen Network of Development Entrepreneurs. For EGADE, the importance of this relationship lies in the connection with a high-impact global organization, The Aspen Institute, and the contributions we can make in key projects,” commented Amorós, National Director of Doctoral Programs at EGADE Business School, and leader of the Research Group with Strategic Focus in Entrepreneurship and Innovation of the Undergraduate School of Business at Tec de Monterrey.

Over 60 organizations comprise the ANDE Central America and Mexico Chapter membership, including investment funds, accelerators, incubators, foundations, universities, researchers, government agencies and corporations. Members provide financial, educational and business development support services for Small and Growing Businesses (SGBs), based on the conviction that SGBs generate jobs, stimulate long-term economic growth, and produce social and environmental benefits.

The chapter operates in Mexico, Guatemala, Belize, Honduras, El Salvador, Nicaragua, Costa Rica and Panama, and regularly organizes events to promote knowledge exchange, thereby creating opportunities to meet new allies, engage with potential investors, discuss challenges, share experiences and perspectives, and build a sense of community.

Dr. Amorós began his three-year term as a member of the ANDE Central America and Mexico Chapter on July 15th this year.

By José Ángel de la Paz

“Leaders evoke inspiration that comes from within and move others to be protagonists rather than spectators,” claimed Salvador Alva.

In the webinar “Transformative Leadership”, the fifth and last of the Getting Ready for Business series, the former president of Tecnológico de Monterrey observed that, in the current context of uncertainty, being a transformational leader is key to driving innovation and embracing challenges that will help organizations remain relevant.

“Leaders generate results, make things happen. They don’t just sit back and watch the action from afar; they generate the action. They have the capacity to attract talent, to attract other leaders. They are like magnets. Ultimately, leaders are multipliers of value,” he said.

The Getting Ready for Business webinar series, held from June 29 to July 9 by EXATEC (Tec Alumni Association) and EGADE Business School, targeted recent graduates in order to provide them with the tools to forge their professional path in business.

The inaugural webinar, “Opportunities for the Future Business”, was offered by Ignacio de la Vega, Dean of EGADE Business School and the Undergraduate Business School at Tec de Monterrey, who talked about the transformation of leadership in the current context.

José Francisco Gúzman Tanikawa, Professor of Marketing at EGADE Business School, presented the webinar "Personal Branding for Business Success", in which he explained to the recent graduates how to build their personal brand.

The Director of Student and Alumni Relations of EGADE Business School, María Livas, then gave the recent graduates advice on positioning themselves in the professional world in the webinar "Professional Branding for Career Success".

Moreover, Jaime Martínez Bowness, director of the EGADE Business School Mexico City site, moderated “Life Stories: Pathways to Success”, a panel with graduates Andrés Alba and Mónica Camacho, from the Full-Time MBA in Innovation & Entrepreneurship, and Fernando Iracheta and Sofía Ponce, from the Master in Business Management, who shared their success stories.

By José Ángel de la Paz

The identification of a set of rules to quantify the financial sustainability of the family business, regarding the achievement of its non-economic goals, is part of the contributions of new research by Dr. Federico Trigos, professor at EGADE Business School at the Tecnológico de Monterrey.

The findings are presented in the paper "The Sustainability of Resource-Sharing Family Business in Relation to Family Non-Economic Goals", co-authored with Dr. Mario Doria, professor at the Universidad Iberoamericana, and published in the prestigious International Journal of Project Management and Productivity Assessment (IJPMPA).

The researchers introduce financial sustainability elements into the Socio-Emotional-Wealth theory and also identify a particular kind of family business to be called resource-sharing.

For the study, Trigos specified, they interviewed owners of small- and medium-sized companies from the manufacturing, retail and service sectors in Mexico, United States and Italy.

“All these businesses have family expenses that are paid for by the company, such as tuition or even real estate. It also works the other way round, with family resources being shared with the company, but not recognized financially by the same,” explained the also member of the Strategic Focus Research Group (GIEE) in Strategy and Management of Organizations in Emerging Economies.

Doria stated that, when the company and the owner family share resources without due recognition, they are jeopardizing the business’s sustainability by making financial decisions based on distorted information that does not reflect the economic reality.

Trigos highlighted that their research provides feasible, applicable financial metrics that allow the family to gain a greater understanding of their interaction with the company, as well as a model for discovering the company’s position and helping the owner family to make better strategic decisions, so as to sustain finances and, at the same time, socio-emotional wealth.

Doria commented that the results of this investigation will be included in a book to be published in the near future with the support of the IMEF Foundation. 

You can consult the scientific article here.