O’Neal Spicer in Mexico
The organization I work with is fundamentally a tropical hardwood forestry company. They began planting teak trees on Mexico’s Pacific coast in 2001 and just this year is beginning to harvest and produce products for sale in the United States and Mexico.
What is the organization/company doing well?
The fundamental business plan is sound. Now that the company has proved it can successfully grow teak in Mexico another round of financing has just been completed and further expansion is under way. The expansion in Mexico and the opening of commercial markets has required additional personnel which is being handled well. Furthermore, staff is encouraged to take ownership of projects, which increases employee effectiveness.
Where could the organization/company improve?
Communication at times is difficult due to geographic distances between executives – spread between Mexico City, Nayarit and Texas.
What are some aspects of the local cultural that should be understood when foreigners consider doing business in this country?
Need patience. Get to know the people you’re working with. Need to work with local partners.
What are some aspects of the local business environment (e.g. registration of company, government’s role in business, business items unique to this country) that should be understood when foreigners and locals consider doing business in this country?
An understanding of the role of government in the private sector is critical. For example, in the forestry sector, some laws recently changed that in effect subsidize the planting of trees and provide guarantees that future harvests will not be restricted. It is also important to establish linkages with local government agencies to keep them abreast of the companies activities and progress.
What were the direct and indirect results/deliverables as a result of your placement? Please be as specific as possible. Please provide both soft and hard examples. Hard examples include number of clients/people trained, dollars raised, people impacted, etc)
Extensive product line developed that includes counter tops, cutting boards, furniture and construction materials; establishment of reliable import/export channels; development and promotion of new commercial brand; product and brand launch at leading industry show in Las Vegas; identification and follow-up with over 350 leads from the industry show; and established solid relationship with wood supplier based in Costa Rica to accommodate larger than expected orders in the near future.
Are there opportunities in this field (e.g… health, agriculture or finance) for local and international entrepreneurs?
Yes. Renewable forestry is a growth sector in Mexico and opportunities exist for those willing to make the proper social and financial investments.
Questions about Personal Experience:
Why are you interested in international development and private sector development?
International development and private sector development are intertwined and I believe that a viable and robust private sector is critical to successful international development.
Originally, why did you want to participate in this program?
The project fit with my previous experience in the Latin American region and provided an opportunity to apply my business school training in a meaningful way.
What were your main challenges, both personally and professionally?
On the professional front, the unstructured and entrepreneurial setting initially presented some challenges – no office, no set hours, staff spread far and wide. Those challenges were eventually overcome and I now see the work environment as a plus and something to be appreciated.
Was the monthly stipend of $1,000US/month sufficient and how, if needed, would you change the way and what MBAs Without Borders financially covers?
For living in Mexico the stipend of $1000 is sufficient. If the volunteer has outstanding student loans, the standard stipend is not sufficient and might discourage some qualified applicants from applying.
What would have made this experience even better for you?
Overall the MWB experience was excellent. In retrospect, there is very little I would change.
What advice would you like to offer future MBAs who work abroad for MBAs Without Borders?
Make the most of the experience. Take on as much work as possible. Stay positive. Be patient but stay focused.
Why would you recommend others to participate on MWB programs?
Absolutely.
What are some of your goals and aspirations (i.e. job, personal, etc), that you are planning for once this placement has concluded?
I will continue as a regular, full-time employee of Proteak.