Winter break: a time to relax with family and friends, hit the slopes (well, maybe in past years), put on a cozy sweater, and go to class? Well considering class was held in South America, I didn’t mind going to class over break. I had the pleasure of traveling to Chile and Argentina with 18 classmates as part of Kogod’s International Dimensions in Management course. To say I learned a lot is an understatement. I have about one year left in the part-time program but I feel comfortable enough to say that this will be my most memorable experience at Kogod.
Before traveling, our class met about six times throughout the semester. We spent our time briefing each other on the economic, social, and political climate of the area. We also learned first hand from representatives from both the Chilean and Argentine Embassies. Our last class was held at Divino Restaurant, an authentic restaurant recommended by our new friends at the Argentine Embassy. This was the perfect bon voyage, or buen viaje, to the experience to come.
I stepped off the plane and was immediately surprised by the modern city around me. New construction, glittering office towers, and wide tree lined streets are visible as far as the eye can see. Santiago’s thriving business district was not my typical vision of a Latin American country. Fast-forward to Mendoza. At the foot of the Andes, this town thrives on wine and the quintessential Argentine way of life. Over one week, we traveled to two different countries, visited 13 companies and met with 18 different contacts, spanning over 10 different industries.
While a detailed journal of the week could fill an entire blog, I have listed by top eight experiences of the trip, both academic and personal, below:
8. Start-Up Chile: Immigrant entrepreneurs are said to have started about half of the businesses created in Silicon Valley between 1995 and 2005. Chile hopes to emulate this success by sponsoring Start-Up Chile, a government-sponsored program designed to attract foreign, high-potential entrepreneurs to the country. The mission, “They arrive. They work. They connect. The leave and Chile stays connected.” Start-Up Chile gives these entrepreneurs $40,000, a 12-month working visa, and access to the most prominent social and capital networks in the country. We spent an afternoon at the Start-Up offices, interacting with the selected entrepreneurs and began to think of all the business opportunities available in this emerging market. As so many of us were inspired, it’s very possible to see a Kogod Alumni involved in this program shortly!
7. Copper, Copper, Copper: Chile was made famous when 33 miners were rescued after 69 days trapped underground. At that time, I knew nothing about the significance of mining to the region. While studying the Chilean economy we found that copper makes up 55% of the economy and certainly is big business. The first visit on our trip was to the corporate headquarters of Los Pelambres, a private firm operating the world’s 5th largest copper mine. We learned everything from the engineering process, to the company’s social responsibility efforts in the local communities, to the importance of this industry to the national economy.
6. Knowledge of Wine: To both Chileans and Argentines, wine is more than a beverage; it is a way of life. Argentina’s annual wine consumption is equal to 40 liters per person. (That’s a lot of Malbec!) It didn’t matter where we were: on a company visit or out to dinner, the locals gave us both tasting lessons and their personal recommendations. I improved not only my Spanish vocabulary but also my wine vocabulary during this trip!
5. Business of Wine: A region so dependent on wine must develop a solid infrastructure to market, distribute, and export this commodity. Through various visits, we not only learned about wine but everything else that goes into the wine business. For example, a transportation company has to worry about refrigerating cargo in order to obtain the perfect temperature for its client’s bottles. Regional labor figures go up and down around the annual harvest. Wineries need to focus on PR and distributor networks in international markets. With all this at stake, we certainly found a lot of MBAs in rural Argentina!
4. Extending our Network in Valparaiso: A few of us arrived early and spent some time on the coast (it was summer in the southern hemisphere, after all). While the beach was disappointing (the only cloudy days of our trip), we were lucky enough to find another gem on the coast: Valparaiso. Cultural influences left over from this old major shipping port have made this city an artistic gem. While buying unique artwork, and a statement necklace made of copper for myself, we made a connection with a local artist eager to get our opinion on his pieces as he plans to begin shipping to the US market. While we were all impressed with his talent, we also realized that his company needed a business plan. We continue to speak with him and hope to help him bring products to the US market shortly!
3. My First Latin American Presentation: As a part-time student with a full-time job, I was lucky enough to arrange a work meeting in conjunction with our trip. The added bonus: an extra week in Santiago. I presented my company’s research to 20 Chilean participants. While I was the teacher, I had to rely on the class to explain concepts that didn’t clearly translate. This was my first exposure to the warmth of the Chilean people. They treated me to a traditional Chilean meal of conger and Pisco and an unforgettable, yet resume worthy, experience I will never forget!
2. Cross-Border Differences: We left Santiago, with its bustling economy and 45-hour workweek, and traveled across the Andes to Mendoza, a laid-back town that closes for three hours every afternoon for siesta. While we tend to lump these countries together, the business climate and ways of operating are significantly different. One of the most interesting presentations of the trip for me was a conversation with David English, an American consultant who helps foreign businesses navigate the red-tape associated with the Argentine business climate. This was such an interesting concept to me, especially after visiting Start-Up Chile earlier in the week.
1. Sharing Mate with my Classmates: Mate is a traditional Argentine drink made of dried leaves of yerba infused in hot water. Mate is served with a metal straw from a shared hollow gourd. This is a drink of friendship and those who share it are bonded together. Friends sit in a circle. Each person takes a sip and passes it along to the next person until the mate is finished. We had the pleasure of participating in this ritual during our time in Mendoza. Our guide, Martin, had us over his house for a traditional backyard bbq. We not only ate famous Argentine steak but also bonded over the mate ritual. This perfect evening embodied the experience of Argentina and our trip.
While I put the finishing touches on my research paper (yes, there is a research component to this experience), I continue to reflect on the business environment, the culture, and the relationships I’ve made throughout this course. I would encourage anyone who is thinking about this course to do it as I am certain that it will be my top experience at Kogod.