Three EGADE Researchers Included in the World’s Top 2% Scientists List 2024

Submitted by jose.paz on Thu, 11/14/2024 - 22:16

Recognizing the global excellence and impact of Bryan Husted, Jill Kickul, and Ajnesh Prasad in scientific research.

By JOSÉ ÁNGEL DE LA PAZ | EGADE BUSINESS SCHOOL

Three professors from EGADE Business School at Tecnológico de Monterrey have been included in the prestigious World’s Top 2% Scientists List 2024, compiled by Stanford University in collaboration with Elsevier.

This recognition highlights the most influential researchers across various scientific fields.

This year's list included:

• Bryan Husted, Distinguished Professor of Business and Society at EGADE Business School, member of the Faculty of Excellence at Tecnológico de Monterrey, and leader of the Research Group on Development Of Conscious Enterprises.

• Jill Kickul, Distinguished Professor of Social Entrepreneurship at EGADE Business School and member of the Faculty of Excellence at Tecnológico de Monterrey.

• Ajnesh Prasad, Professor in the Department of Strategy and Leadership and leader of the Research Group on Leadership and Effective & Efficient Organizations at Tecnológico de Monterrey.

The World’s Top 2% Scientists list, based on Scopus data, evaluates researchers worldwide through rigorous metrics, including the h-index, citation count, and adjusted impact. Scientists are classified into 22 broad fields and 176 subfields.

Only those ranked in the top 2% of their respective fields are included, underscoring their relevance and scientific influence throughout their careers and recent contributions.

This recognition reaffirms the commitment of EGADE Business School professors to generating value and creating a positive impact on society.

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Rolando Fuentes, EGADE Research Professor, Appointed Nonresident Scholar at the Baker Institute for Public Policy

Submitted by jose.paz on Tue, 11/12/2024 - 09:23

The appointment recognizes his career and contribution to energy economics and public policy. 

By JOSÉ ÁNGEL DE LA PAZ | EGADE BUSINESS SCHOOL

Rolando Fuentes, research professor at EGADE Business School - Tecnológico de Monterrey, was recently named National Scholar at the Center for the U.S. and Mexico of the Rice University Baker Institute for Public Policy. This appointment highlights his outstanding career and experience in energy economics and public policy.

The invitation to form part of the Center for the U.S. and Mexico was extended by Ambassador David M. Satterfield, director of the Baker Institute, and put forward by Tony Payan, director of the Center for the U.S. and Mexico, who stressed the importance of Fuentes’ contribution to the development of new business models in the electricity sector. 

Fuentes’ commitment to research and his capacity to influence the public policy agenda will be crucial for the Center during his collaboration period, which will last from October 15, 2024, to December 31, 2026.

As a Nonresident Scholar, Fuentes can contribute to the Center’s research, publish reports and opinion pieces, and participate in academic and media activities that promote dialogue on critical issues in the relationship between the United States and Mexico.

“It is an honor to collaborate with the Center for the U.S. and Mexico and contribute to the development of policies that will benefit both countries,” said Fuentes, who also expressed his enthusiasm for this new opportunity for impact and binational collaboration.

EGADE Business School is proud to have distinguished academics in highly prestigious and relevant institutions such as the Baker Institute, reaffirming its commitment to excellence in research and education.

Fuentes’ research interests include energy economics, energy policy, and innovative business models in the electricity sector. This year, Fuentes presented his study, published by The Oxford Institute for Energy Studies, “Precios versus cantidades: repensando los subsidios a la electricidad en el contexto del nearshoring en México” (“Prices versus quantities: rethinking electricity subsidies in the context of nearshoring in Mexico”) to the Energy Commission of the Chamber of Deputies.

The Center for the United States and Mexico seeks to have a meaningful impact on the U.S.-Mexico relationship through original research, the generation of relevant solutions to binational issues, and the advancement of mutual understanding between the two countries. Its research agenda focuses primarily on issues of shared concern, such as trade, economic integration, and energy.

The Baker Institute for Public Policy is a nonpartisan, data-driven think tank located at Rice University in Houston, Texas, USA.

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Horacio Arredondo, Dean of EGADE, Joins the AACSBLatin American and Caribbean Advisory Council

Submitted by jose.paz on Mon, 11/11/2024 - 12:00

EGADE Business School's leadership will participate in strengthening business education in Latin America and the Caribbean.

By JOSÉ ÁNGEL DE LA PAZ | EGADE BUSINESS SCHOOL

Horacio Arredondo, dean of EGADE Business School -Tecnológico de Monterrey, has been appointed as a member of the AACSB Latin American and Caribbean Advisory Council (LAAC) for the July 1, 2024, to June 30, 2025, period. 

The advisory council is one of the five regional bodies of the global business education accreditation organization, created to address the challenges and priorities of business education in Latin America and the Caribbean. 

"It is an honor to represent EGADE Business School on this advisory council," Arredondo stated. "We are committed to contributing ideas and perspectives to foster innovation and the impact of business education in the region."

The LAAC is comprised of members appointed by the AACSB leadership committee.

Besides Arredondo, the LAAC includes renowned academic and professional leaders from the region's institutions, such as as Isabelle Chaquiriand, Universidad Católica del Uruguay, who chairs the council; Martha Chavez, Universidad del Pacífico; Irineu Gianesi, Instituto Mauá de Tecnologia; Ivan Garrido, Universidade do Vale do Rio dos Sinos - UNISINOS; Monica Lopez Sieben, Escuela de Graduados en Administración en CETYS; Melani Machinea, Universidad Torcuato Di Tella; Miriam Stolses Mazo, Pontifícia Universidade Católica do Paraná; Enrique Ramírez, Universidad ICESI in Colombia; Juan Carlos Sosa, Universidad Ana G. Mendez; Obdulio Velásquez, INALDE Business School; and Cristina Velez-Valencia, Universidad EAFIT.

The LAAC's mission is to advise the AACSB board of directors on key issues in Latin America and the Caribbean and support the development of a strategic plan aligned with the needs of business schools in the region. 

The council also contributes to identifying new initiatives and programs and recommending candidates for leadership roles within the organization, thereby promoting greater representation by Latin American and Caribbean institutions in AACSB governance.

Founded in 1916, AACSB International is the largest and longest-standing global association and accreditation organization for business schools.

EGADE Business School, which boasts the triple crown of international accreditations (AACSB, AMBA, and EQUIS), is positioned as one of the world's leading schools in business education. It is also committed to contributing to sustainable development and business leadership in Latin America and beyond.

Arredondo's appointment reinforces the commitment of EGADE Business School to AACSB's mission of driving participation, accelerating innovation, and amplifying impact in business education worldwide. It represents a significant step towards continuing to raise quality and inclusion standards in the region.

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Finalists in New York! EGADE student and her team reached the final in New York of the international Cornell Cases competition 

Submitted by jose.paz on Fri, 11/08/2024 - 14:58

Out of 705 participants and 154 teams from 48 business schools and 15 countries, the MBM student's team was selected as one of the eight finalists and is the only one to represent Mexico in the final round.

By JOSÉ ÁNGEL DE LA PAZ | EGADE BUSINESS SCHOOL

Vanya Escamilla, a Master in Business Management student at EGADE Business School—Tecnológico de Monterrey, was part of the team that represented the institution in the final of the Cornell EMI Corning Case Competition 2024 in New York.

The  "Aztlán Consulting Group" team also included Osvaldo López, Enrique Garza, Mariel Soto, and Andreu Sarreta, undergraduate students from the Tec School of Business.  Juan de Dios García, a professor in the School of Business and academic leader of the Tec Conscious Enterprise Institute, advised the team.

Out of 705 participants representing 154 teams from 48 institutions across 15 countries, only eight teams were selected to present their solutions in the final, which took place on October 31 at the Tata Innovation Center, Cornell Tech campus.

The team of students from EGADE Business School and the School of Business was the only finalist representing Mexico in this prestigious competition, facing competitors from Colombia, India, Japan, the United States, and Vietnam in the final round.

"This was a unique opportunity to apply the knowledge and skills acquired at Tecnológico de Monterrey, proposing innovative solutions to problems faced by emerging markets. The most valuable takeaway for me is teamwork and the opportunity to connect with people of different nationalities, breaking cultural and language barriers," Escamilla declared about her experience.

This year, Cornell's Emerging Markets Institute Case Competition focused on the challenges and opportunities of a Vietnamese electric vehicle (EV) company, a strategic sector in emerging markets.

The final occurred during the Cornell Annual Conference, this year's theme being "Innovation and Transformation to Emerge Stronger."

The Cornell EMI Corning Case Competition challenges participants to answer questions companies and managers face in emerging markets, promoting solutions that will benefit organizations and their environments.

This year, the competition reached a record number of participants from countries such as Bangladesh, Canada, China, Ecuador, Nepal, Nigeria, the Philippines, Portugal, and Spain, in addition to those mentioned above.

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EGADE and IMEF foster a life-work balance at the Work-Life Balance Forum 2024

Submitted by jose.paz on Fri, 11/08/2024 - 10:49

The event has become a space for reflection and action to transform organizational culture.

By JOSÉ ÁNGEL DE LA PAZ | EGADE BUSINESS SCHOOL

EGADE Business School - Tecnológico de Monterrey hosted the Work-Life Balance Forum 2024, "Cultural Transformation in the Workplace," organized with IMEF Monterrey.

In its eighth edition, this forum has reaffirmed its importance as a critical space for driving change in organizational structures and promoting equal opportunities in the workplace.

Horacio Arredondo, dean of EGADE Business School; María Concepción del Alto, national director of the Master in Finance at EGADE Business School and promoter of the forum; and Héctor Mancilla, president of IMEF Monterrey delivered the welcome address.

In his opening message, Arredondo highlighted the importance of opening the institution's doors to in-depth reflection on the balance between life and work and the need to transform organizational culture in companies.

The dean emphasized that one of today's directors' most significant challenges is building an equitable, inclusive organizational culture that encourages women's participation in leadership positions.

"Transforming the organizational culture of our companies is one of the great challenges we directors face," stressed Arredondo, who also warmly thanked Del Alto for her fundamental role in organizing the forum and reaffirmed EGADE Business School's commitment to initiatives that promote equal opportunities in the workplace.

Del Alto, for her part, shared her conviction that organizations' most important resource is their collaborators, their human talent."

The academic highlighted the importance of leaders being aware of the care required for those who work hard to achieve companies' strategic objectives.

She added that this care must be based on a perspective of equity and inclusion, which generates fair opportunities and an environment in which every person feels appreciated.

Del Alto pointed out the urgency of improving the work-life balance in Mexico. This country is ranked as one ofthe worst in this aspect worldwide and emphasizes that fostering an inclusive organizational culture is critical to building healthy, productive work environments.

Karen Mauch, an independent advisor and expert on financial and corporate strategies, gave the conference "Accept That You Are Different " She stressed the importance of recognizing personal limits and prioritizing health over work demands.

She then highlighted the need to take breaks to evaluate our lifestyles and find activities that contribute to our physical and mental well-being.

"Establishing clear limits and finding activities that help us disconnect from work stress are essential steps for a comprehensive approach to self-care," Mauch recommended.

The forum also included the panel "Work Culture Realities and Trends," moderated by Eduardo Aguiñaga, national director of Full-Time Programs at EGADE Business School, with the participation of Doris Vega, director of Institutional Relations and Communication at Compañía Minera Cuzcatlán and president of Women in Mining; Zelina Fernández, general director of Index Nuevo León; Rebeca Guerra, executive director of ERIAC Capital Humano and founding partner of Andamos México; and Olivia Segura, consulting partner for Human Capital Consulting and Talent Management at KPMG in Mexico.

The panelists explored key topics in organizational culture transformation, focusing on life-work balance, inclusion, equity, and adapting to new technologies.

Segura highlighted the importance of flexibility and work-life balance as key factors in retaining female talent, commenting that 75% of women in senior positions prefer flexible work models. She also emphasized the need to address burnout and workplace harassment by implementing zero-tolerance policies and ethics hotlines to protect the mental health of both female and male employees.

Vega reported on the progress made in the mining industry regarding the inclusion of women, thus promoting a cultural change and adapting spaces and policies to make them more equitable and safer. She also spoke about the Queen seal, a recognition for mining companies implementing affirmative actions for female development.

For her part, Guerra explained how hybrid work has offered a balance for women and collaborators in general, allowing greater flexibility to balance their personal and professional lives. She pointed out that organizations need robust strategies to manage remote teams, including competencies such as clear communication, delegation, and collaborator empowerment.

Fernández discussed the impact of digitalization in manufacturing, which has facilitated processes and improved operational efficiency. She also mentioned generational challenges, where companies have to adapt to the diverse expectations of up to five generations of employees by promoting mentoring programs and career plans that maintain commitment and foster continuous development.

As moderator, Aguiñaga highlighted the need for organizations to understand and adapt to these trends and realities, fostering an inclusive, flexible environment that supports the growth and well-being of all their members.

Other activities in the forum included the conference "Achieving Mindfulness" by Gustavo Aguilera Jiménez, Tecnológico de Monterrey professor and expert in Human Development, who addressed strategies for achieving a comprehensive balance in our professional and personal lives.

Another panel discussed the experiences of the companies that have won the Gender Equality Prize awarded by the Mexican Institute of Finance Executives (IMEF) and the Association of Women in Finance (MEF).

Participants in this panel were Adriana Arjona, deputy director of Diversity, Equity, and Inclusion at Santander Mexico; Gabriela Bustamante, director of Purpose and Inclusion at PwC; Patricia González Rico, executive director of HRBPand Talent Management at Santander Mexico; and moderator, Nohemí Cortés Llamas, independent professional advisor to public and private companies in Mexico and the United States.

A third panel was "Gender Inequality From an Economic Perspective," with Joana Chapa,  UANL School of Economics director, and Grissel Olivera, professor of Economics at Tec de Monterrey.

Finally, Federico Garza Santos, president of Desarrollos Delta and chair of the Board of Fibra Monterrey, and Sanjuana Herrera, director of Administration at Banregio, engaged in a dialogue on "People at the Center of the Company." 

This forum not only enabled the discussion of key issues for workplace well-being but also once again consolidated the commitment of EGADE Business School and IMEF Monterrey to promote organizational change and foster a culture of equality and balance in the workplace.

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EGADE PhD Candidate Yuri Hirayama Recognized Among Global Sustainability and Education Leaders

Submitted by jose.paz on Fri, 11/08/2024 - 09:10

Honored for driving educational transformation and positive social impact.

By JOSÉ ÁNGEL DE LA PAZ | EGADE BUSINESS SCHOOL

Yuri Hirayama, EGADE PhD in Administrative Sciences candidate and alumna of the EGADE MBA Online program, was recently recognized with two prestigious awards for her leadership and impact on sustainability and education.

Over the past year, Hirayama has been honored globally, underscoring her commitment and impact in transforming education and promoting sustainable practices.

Her most recent recognition came last October when Hirayama was selected as one of the Global 50 Women in Sustainability Awards 2024 winners, organized by The SustainabilityX Magazine.

Now in its third edition, this award celebrates female leaders who drive bold sustainability initiatives, transform industries, and promote a shift toward a more just, inclusive, and sustainable future.

“We are dedicated to supporting the empowerment of youth and women through education and networks,” says Hirayama, School Director and Principal Educator at the Yuri Education Center in Japan, highlighting her vision and mission to achieve a positive impact through her work in education.

In her role, Hirayama has developed programs focused on sustainability and active learning, such as the "Waste to Wow!" workshop and the "You Lead" program, inspiring students to tackle environmental challenges and develop strategic thinking and responsible consumption skills.

At the Yuri Education Center, Hirayama has created an educational community spanning Africa, Asia, Europe, and Latin America, fostering collaboration and youth empowerment aligned with the Sustainable Development Goals (SDGs).

Her bold leadership and vision were also recognized earlier this year with the Outstanding Leadership Award at the Education 2.0 Conference 2024 in Dubai.

This award highlighted her exceptional leadership in the education sector and her commitment to transformative education.

“Education and sustainability are intrinsically linked,” says Hirayama.

Beyond her innovative pedagogical approach, Hirayama has become a recognized voice in advancing the Sustainable Development Goals (SDG) in education, delivering more than 40 talks on sustainability and standing out for her ability to integrate traditional Japanese values with an open and global perspective.

Her approach encompasses English, music, and sustainability classes for all ages—from infants to adults—focusing on inclusivity and active, engaged learning. Guided by the motto of the Yuri Education Center, “We courageously discuss, actively lead, and collectively act,” her programs encourage open dialogue, leadership, and collaboration.

Hirayama's work has become a model for sustainable education, inspiring students and communities worldwide to embrace change and take collective action for a better future. Her dedication to integrating sustainability into education continues to shape a new generation of leaders equipped to address global challenges.

 

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EGADE Action Week Shortlisted for QS Reimagine Education Awards 2024

Submitted by jose.paz on Tue, 11/05/2024 - 10:52

The nomination highlights the impact of EGADE Business School on sustainability education.

By JOSÉ ÁNGEL DE LA PAZ | EGADE BUSINESS SCHOOL

The EGADE Action Week initiative by EGADE Business School—Tecnológico de Monterrey has been shortlisted in the QS Reimagine Education Awards 2024 as a Sustainability Education Action category finalist.

This category of the award, sponsored by the International Universities Climate Alliance, recognizes projects that actively implement sustainability education, inspire tangible changes, strengthen campus initiatives and community alliances, and foster a more sustainable future.

Sonia Monarrez, director of Strategic Intelligence at EGADE Business School, explained that EGADE Action Week is an effort to connect with the community and learn, share, and rethink ways to transform businesses to achieve a sustainable impact.

“Through conferences, workshops, exhibitions, book presentations, challenges, and volunteer activities, among other actions, we go beyond the classroom, creating opportunities to learn and participate in diverse ways,” Monarrez stated.

With more than 2,000 participants in its two editions, in 2023 and 2024, EGADE Action Week has played a fundamental role in raising awareness about the importance of sustainable business leadership, emphasizing the role of companies, local governments, and citizens in building a sustainable future.

This nomination reaffirms EGADE Business School's purpose of rethinking the future of business and its impact on Latin America's sustainable development.

This edition of the QS Reimagine Education Awards received over 1,300 entries in the 18 categories, evaluated by more than 800 international judges in a highly rigorous process.

EGADE Action Week was among the top 25% of all the projects nominated, underscoring the initiative's quality and innovation in a highly competitive environment.

These awards from the international ranking organization Quacquarelli Symonds (QS) highlight programs, technologies, and pedagogical approaches that redefine education and prepare students for future challenges.

The winners will be revealed at the closing gala of the QS Reimagine Education Conference 2024, which will be held on December 11 in London, UK.

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Critical points of behavioral economics discussed at the No MoneyForum

Submitted by jose.paz on Tue, 10/29/2024 - 09:47

Raúl Montalvo, director of EGADE Business School, Guadalajara site, analyzes the impact of behavioral economics on financial decisions.

By JOSÉ ÁNGEL DE LA PAZ | EGADE BUSINESS SCHOOL

At the No Money Forum: the Transformation of Cash, organized by the newspaper El País, Raúl Montalvo, director of EGADE Business School, Guadalajara site, participated in the panel "Behavioral economics: What do we base our financial decisions on?". 

Moderated by Sonia Corona, chief writer with El País in Mexico, the panel gathered together behavioral economics experts, including Diana Hernández, director of Operations at the Mexican Institute of Behavioral Economics, and Julián Rincón, Behavioral Economics Leader at BBVA in Mexico.

In his presentation, Montalvo explained how behavioral economics allows companies to use nudge strategies to induce certain consumer decisions. 

He explained that modern technology enables "a hyper-personalization that makes it possible to understand and classify consumer habits, adjusting the offering and messages according to each customer's profile."

Montalvo stated that behavioral economics focuses on people's biases and heuristics, helping companies optimize their customer experience. He stressed the importance of maintaining an ethical framework that avoids manipulating consumers excessively.

Hernández delved into the concept of biases and heuristics, highlighting how these behavioral patterns influence daily and financial decisions.

The expert mentioned that behavioral economics has shown that consumers tend to imitate the decisions made by people in similar contexts, a phenomenon she called "social norms." 

According to Hernández, companies can use these patterns to create more effective, customer-oriented marketing strategies.

Rincón then addressed the challenges of encouraging savings in resource scarcity and financial stress. 

He highlighted how BBVA has implemented behavioral economics practices in its collection area to understand debtors' situations better and offer alternatives to help them manage their financial circumstances. 

The expert explained how these practices have improved BBVA's customer relations, emphasizing that "connecting with and understanding customers is crucial for building a healthy financial relationship."

Montalvo also explained the "empathy gap" and its impact on financial decisions. 

He affirmed that "in stressful situations, people tend to make impulsive decisions that do not always reflect their long-term interests."

Consequently, he underlined the need to create support mechanisms that guide consumers in making informed decisions, particularly in contexts of economic uncertainty. 

The No Money Forum: the Transformation of Cash also dealt with subjects such as the evolution of financial services in the digital era, the impact of technology and artificial intelligence on the sector, the transformation of cash, Open Finance, and the rise of future unicorns.

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