Thursday, January 15, 2009

Day 11 - Boca Juniors

Last day of the trip. That also means travel day = overnight flight. Due to the cancellation of our flight on Friday, our tour of Buenos Aires was held this morning from 9-1. We went around the city again, but since we did most of this on Sunday, some of it was repetition. We did go back to the cemetery which was cool because our guide told us different stories about some of the people buried there. But my highlight of the day was our trip to Boca Juniors stadium, La Bombonera! See pictures below as well as more under Day 11 Pictures. Seeing we did a case on Boca in International Marketing, the group seemed to have a much more appreciation for this visit, but I was stoked. Unfortunately, the team is out of town until Feb. so no games for us to witness.












































Quotes of the day:
"Did you all know that my dry cleaning was sent to Santiago for cleaning?" - Chris

My last thoughts on Buenos Aires:
Large modern city
Reminiscent slightly of NYC
Fabulous architecture
Many different neighborhoods with different feels
More established, more history and culture
Numerous artisans and sculptures throughout the city
Safer than previously thought
Friendly people
Talent pool is large
Desire to succeed and represent Latin America
Pride
Not as formal as imagined
Lots of corruption

Day 10 - Down go "the Mensas"

Our first meeting was with Google and their CFO (the first employee in Argentina) of the Argentina office. Google notes below: 
  • Building was in an old warehouse overlooking the water (close to our hotel). See pics of Day 10. Very much like NYC
  • He spoke about his experience and the 13 interviews he had prior to starting with Google
  • Evolution of the Internet - 1) Information 2) Distribution & Communication 3) Networking
  • 77M users in 1998, 1.3B users in 2009 expected
  • Cheaper storage space, Cloud computing 
  • The "Long Tail"
  • Talked about a site www.blurb.com - I will be using this site for this blog and pictures, will keep you posted on how it turns out
  • 42% penetration rate in Argentina, 50% in Chile
  • Mostly sales people in Argentina office, no real innovation located here
  • Corporate culture - very relaxed atmosphere just like what people say about Google
  • Google reaches 84% of all users
  • Connects users, advertisers & publishers
  • 3 Latin America Google offices - Mexico City, Sao Paulo, BA










Lunch was @ Quirandi Restaurant in the heart of Buenos Aires. As we approached the end of lunch, "Mensa" One, Sara, got something in her eye that caused her eye to water and swell. She removed her contact and nothing changed. Instead of going to the next visit with Esso she went back to the hotel for a nap, how convenient, jk. This was the first of 2 "Mensas" to go down. Between lunch and our next visit we had sometime to go by the Plaza de Mayo area where we took more pictures. While getting back on the bus Chico, "Mensa" Two ran into a sign on the street. I don't have the picture, but I have staffers out working their magic to get a copy and I will then post a picture of his dome showing his battle wound. He didn't have to go home, but you could tell he was quite woozy, ha, jk. 

Our second meeting was with Esso. The presenter was a Public Relations gentleman. This meeting was a little awkward as all he did was explain the oil process business. My notes are as followed:
  • 2 Pars in the oil business - 1) Upstream (Exploration, Production, & Refining) 2) Downstream (Distribution & Marketing) - Argentina focuses on Downstream
  • Western Argentina is where most of the oil is produced
  • 643 barrels a day
  • The quality is half good/light and the other half is just ok
  • Demand is less than the production
  • Domestic crude is declining 3% a yr.
  • In 5 yrs., they might need to import light crude
Dinner was @ a restaurant kinda like a buffet for meat. Yes, all you can eat beef, pasta, pizza, you name it. It was an interesting setup, but ok. I will call myself out on the blog. In mid sentence with Chico, I dribble red wine out the side of my mouth. Not sure how this happened, but it was definitely blog material so here it is, ha. Luckily for me I was wearing my money black shirt so no visual site of a stain. Again, drinks at the hotel bar to very late in the evening. It went so late, we had to have some folks go back to their room to get more bottles of wine they bought! This was after a large bar tab and Jay/Drew's bottle of Pisco! 

Monday, January 12, 2009

Day 9 - Buenos Aires Company Presentations

General facts about Argentina:
  • Population = 40M
  • Inflation = 8.5%
  • Unemployment = 8%
  • 2001 Crisis set them back a bunch
  • Exports = Corn, Soybean, wheat, meat, crude, fuels
  • Growth Rate = 8.5% (2003-08)
  • Lots of corruption
  • 70% of people in Argentina work & study
Our first meeting and probably our best meeting of the whole trip was with Globant, a software solutions company based out of Buenos Aires. The presenter was one of the four founders and CTO. Below are my highlights from the presentation:

  • Very relaxed environment - Yoga, T-shirts, shorts, plasmas, ping pong tables
  • Founded in 2003 by 4 people, now at 1000 at the end of 2008, trying to get to 2000 in the next couple years. IPO goal of 2yrs (NASDAQ)
  • 4 forces of work - 1) Increasing outsourcing 2) off-shoring 3) open sourcing 4) IT spending
  • Started with a $5K investment, now have raised $14M total
  • Currently @ $100M in Revenue
  • Largest exporter of IT services in all of Argentina
  • The Argentina environment - A crisis every 5 yrs., no sources of financing, defaulted foreign debt, severe devaluation, interesting talent pool, weak local demand for IT (Globant focused on where the demand was, U.S. & UK), good cost structure
  • Ranked 2nd best place to work in Argentina
  • Finance the company by equity
  • Google is one of their biggest customers
  • **Social Networking, e-commerce & video games
  • They have a MIT business case published
  • Reasons for the IPO - much more visibility even with the increased regulation (SOX)
  • Recruiting process - Started by giving out green apples at a trade show with their sticker on it and stuck ever since, green everything around the office (see pics of Day 9). Advertised a puzzle in newspapers with no company name. If the candidate could figure it out, they could then move to the next step, eventually determining the company. They look for problem solvers! Lots of referrals 
  • Looking to expand in U.S. through the IPO and M&A possibly
  • 10% of the shares are in the hands of employees
  • The atmosphere was described as a "college culture"
  • The conference rooms were named after cartoon characters (Simpsons, He-Man, etc.)






http://www.globant.com/Content/Home/

I can't remember where and what I had for lunch, so moving right along. I'm sure it was good, but hard to remember all these meals and names after awhile. After lunch we had a meeting with Transparency International, a global civil organization leading to fight against corruption. We met with the Director (one of 34 employees in BA office).
Highlights from this meeting:
  • Founded in 1989, based in Buenos Aires
  • "How do we fix it?"
  • Corruption is high in Argentina - one of the reasons it is hard to get investments from U.S. (Mexico and Brazil in better situation currently).
  • Limited or no regulations and laws
  • Difficulty exercising rights
  • Utilize partnerships
  • The best way to get any information is to get coverage from the media. If not, extremely hard to to get company information (relationships are significant).
  • Even if you get the information that is requested, it takes forever
  • "silent majority"
  • Have limited resources and funding (spent only $650K in 2008)
  • They had 1st public hearing in 2008 - (14yrs. an avg corruption case)
  • Only NGO in Argentina
  • **They weren't too optimistic for future improvement either!
  • Integrity and ethical issues
  • Funding source - International donors
  • More issues come from other provinces and local govt
  • Win campaigns using transparency
www.transparency.org 

Dinner was on our own, but a large group of 16 of us went to an Italian restaurant nearby. The restaurant did tables of 4 so I sat with Drew, Chico and Kristen. Our meal and wine was fabulous. Mushroom risotto, salad, tenderloin & lasagna. We learned that Chico is a baker! I know there was some quote I needed to add here, but my memory is struggling. I will update if I can remember.

A small group went over to this bad@ss hotel named The Faena Hotel for drinks by the pool. Check out the site below for pics. We then returned to our hotel for a night cap. An early morning the next day, but still ended up closing the place down, ha

www.faenahotelanduniverse.com

Day 8 - Full day in Buenos Aires

This morning came very early as a small group stayed up late the night before talking about the trip and the program. My iTouch, aka alarm clock was "magically" shut off in the middle of the night and I was awaken instead by Ehsan's phone call to my room. I rushed to throw on some clothes and met Steve, Ameer and Ehsan in the lobby @ 10:15 for a full day on our own. Below is a list of places we went in order:
  • San Telmo - the oldest neighborhood in Buenos Aires. Today is Sunday, so the antique fair is going on which makes the area much more crowded, but great energy. Beautiful colonial buildings, cafes, cobblestone roads, tango dancing & more make this place special.
  • We then walked to Av de Mayo where the Catedral Metropolitana, Plaza de Mayo & Cabildo are located (See all the pics on the blog for Day 8). Some of the best architecture in the city.
  • Then over to Obelisco (the Washington Monument of Buenos Aires imo) & Av. 9 de Julio. The street is named after Argentina's Independence Day in 1816.
  • We decided it was time for lunch, so what better place than the oldest cafe in Buenos Aires, Cafe Tortoni (pic below). I had a small ham, tomato & olive pizza finished off with the best cafe in the city.













  • We then took a taxi over to La Recoleta Cemetery which was probably my favorite part of the day. Weird to say since it is a cemetery, but after looking at the pictures, one might agree. Our guide said it was the 3rd largest cemetery in the world. These graves were enormous and beautiful. Eva Peron, the First Lady of Argentina from 1946 - 1952 (when she died) is buried here in Recoleta (pic below). She was extremely important for labor rights while First Lady and is still a significant cultural figure in the society.














  • Palermo Soho was next up for some walking and shopping. Soho is a subdivision within Palermo, the largest area in Buenos Aires. Another great neighborhood known for its fashion, design, restaurants, pubs & street culture. It is more "alternative" making it young, hip & energetic.
  • We finished off the afternoon back at Florida Street for some shopping and people watching.
Once we got back to the hotel around 6 or so, I was able to see online that my NY Giants laid an egg against the Eagles in the NFL playoffs. Thank god I didn't waste my time in Buenos Aires to watch. At 8pm, the same group and Kristen went over to Cabana Las Lilas for some steak! This meal had to be the best steak of the whole trip. We actually even met a nice family from Clemson, SC who had friends that grew up with Frank Beamer. HokieNation baby! Check out the picture below of the meats, yum. Dinner capped a great day walking around the city.
















Quote of the day:
What kind of milk did you drink when you were younger? Giraffe milk? - Ehsan

Day 7 - The River Tour

Put on your shorts and boat shoes people, we're all going on a boat ride, yes sir! The Tigre River awaits....

Our first full day in Buenos Aires will be spent on the water on a tour of the Tigre River. The group met at 10:30am in the hotel lobby. It was a short bus ride over to the dock where we all piled on boat and off we went. Please see the pictures on the blog (around 70 pics) under Day 7 pictures. I tried to caption much of the pictures so that everyone had an idea of what each pic was. Below is a picture of the group shortly after leaving Buenos Aires.














It was a great trip! The first 20-30 minutes took us out away from Buenos Aires, so during this time we were able to see great views of skyline and really appreciate how big BA really is, 12M strong (Santiago = $6M). It almost reminded many of us of NYC with the way the city looked from the boat (see pics). Once we got to the Tigre River, the waterway became narrow and the views changed completely. On this waterway, you will see many small houses with docks, small restaurants, an amusement park, old boats as well as small resorts. We asked our guide how much an average house on the Tigre costs and she told us $60-75K, but the homes can only be accessed by boat and they don't have running water. Also, all the groceries and water are delivered by boat, so maintenance and cost to up keep the home are high. The picture below is a building that was along the river, check out how big it is and the architecture! No, this isn't a house, but buildings like this were out there as well.  














Lunch was along the river at a restaurant (i forgot the name). I don't think it was the original restaurant as they were caught off guard when we showed up, but whatever. It was ok, but the wine was good! Back on the boat.

On the way back from the tour, the group was dropped off on Florida St. in the heart of downtown Buenos Aires where the street is filled with shops on both sides. I got a couple things, but nothing crazy. It is somewhat of a tourist trap, but definitely a place to visit as the area has great buildings and extremely high energy. 

Dinner was @ Divinia Patagonia in the area of Buenos Aires called Palermo Soho. A great area of town. My meal was ok (I had boar and some lamb empanadas/still not a fan of lamb), but the wine was great, ha. It seemed like this was a night that the cohort might get a little rowdy and we did. Most of the group came back to the hotel bar and closed it down again. Actually a small group stayed up talking about topics from the trip to work until 4:30am. It was a great time, but when John said it was that late, I was donesville. Off to bed for a long and productive day tomorrow (a few hours really) in Buenos Aires!

Saturday, January 10, 2009

Day 6 - Travel Day Goodbye Chile, Hello Buenos Aires...

Today is our travel day to Buenos Aires. It started bright and early as we left for the airport at 7:15am sharp for our "scheduled" 9:45am flight. Once arriving at the airport, we had to say goodbye to our good friend and Chilean tour guide, Fran. The airport was extremely crowded and after waiting close to an hour in line to check in, we found out our flight was canceled, bummer! Thank god the next flight out of Santiago was only 3 hours later. Unfortunately for me, I had to pay $30 for too much luggage, which is crap, but whatever. Oh, and I got stuck in a middle seat next to 2 random people, no fellow classmates for me.

Some last thoughts on Santiago, Chile before moving on
  • Impression that the world is becoming "flat"
  • "long pants"
  • stability
  • Pride/Proud culture
  • Potential 
  • Regulation
  • Partnerships
  • Friendliness
  • Long-term goals
  • Global economy 
  • No need for Expats
  • Good service
  • Much more advanced than we thought
  • Great food
  • Tie zone changes and importance 
  • Truthful and opened

Once arriving to Buenos Aires, the group went straight to a LATE lunch, i mean we ate at 5:30pm @ a place called La Bisteca Restaurant where I had fried mozzarella, white salmon with a potato pancake and chocolate mousse for dessert.




















After lunch, we were finally able to get back to the hotel for a quick shower, but left immediately for dinner, ha, yes, dinner at 8pm @ Carlos Gardel a Tango dinner show. See pictures on the blog. Most of them are pretty dark, but gives you a feel for some of the things we saw while there. Other than the fact that they hurried us through our dinner, the show was pretty good. It was definitely for us tourists, but again, I thought it was good. Oh, and we had front and center seats. The dinner was really good too, but I think everyone was pretty full from lunch. 

A small group had a night cap once arriving back to the hotel which finally ended our first day in Buenos Aires at 2am, long day for sure, but worth the wait. Talk tomorrow. A tour of the Tigre River!

Friday, January 9, 2009

Day 5 - Chilean Wine Country!!

Ladies and gentlemen (my 6 blog followers out there), I'm back!! Sorry for the delay, this blogging thing is tough. Combined with long days and late nights, as well as canceled flight and changed plans, writing time is hard to come by, so I apologize for my tardiness.

So, on Day 5 the group was off to Vina del Mar winery out in the Casablanca area of Chile (1 hour bus ride from Santiago). Prior to leaving that morning, I decided to walk around the area by our hotel to just get another sense of the environment of downtown Santiago. And I wanted to find a specific Starbucks mug from Chile, but unfortunately I didn't find. Downtown Santiago is a happening place. The streets are crowded with numerous young professionals, well dressed and in many instances, very trendy. This hour walk was a perfect way to start one of my favorites days in Santiago.

At 10:30am, the bus was loaded and we were off to Casablanca. The hour drive gave us another chance to see something other than downtown Chile since the only other time was from the airport to the hotel on the first day. Other than the 15mins. after you get out from the tunnel, the drive was so scenic! Beautiful clay looking mountains and countryside full of crops. No real exciting stories on the bus ride that I can remember, but I'm sure I will have some later on. Below is a picture of the wine that the winery produced.

Upon arrival, the group had a chance to take some pictures, but within 5 mins. the guide was ready to go. We were given a tour of the facilities as well as a detailed explanation of the process this winery goes through to produce and make their wine. From the picking of the grapes to the packing and distribution. Our guide was so good John decided to invite her to our lunch that afternoon. Please see pictures of the tour on the blog site (Day 5 Pictures).

The picture below of the "Three Amigos" was taken on the second floor on the winery where the group had our lunch. The lunch was fantastic!

By far the best lunch of the whole entire trip and the best steak I ate on the trip as well. It was so good that when fellow classmate Kristen offered me her steak that she wasn't going to eat, Ameer and I split, ha. Don't laugh cause it was damn good. The dessert was so good as well, Creme Brulee. At lunch the guide sat across from me which was nice because she provided some additional information about the Chilean wine industry as well as the Chilean countryside. The second picture below is of the group after lunch. All in all, a great trip to Vina del Mar.
















While on the bus ride back, Steve, Ameer and a few other classmates had a really good conversation about our observations thus far of the trip. The consensus was that most of the students didn't have too many expectations in regards to Santiago, Chile, but after being here for a few days, we all were extremely impressed. I think everyone said they enjoyed Chile so much that they would recommend it other people.

We had a short break once returning to the hotel, so some of us went to another area (10mins by taxi) to see some outside shops. I picked up a few little things, but nothing too exciting. It was just another chance to get out and see some of the other parts of town.

Dinner was @ La Tabla in a more expensive part of town. How expensive you ask? A 3 bedroom apartment to rent goes for $400-500 a month! Not half shabby huh!? To put that in perspective, to rent a 1 bedroom apartment in Washington, D.C. costs about $1600-2000 a month. An average Chilean makes $11K per year. A random point here, Fran, our guide saw a man running on the sidewalk with his shirt off and she said that police can give you a ticket if you run with your shirt off, that's was weird to me. I had the best dinner thus far this evening. It is called Napolitan Milanesa. It was a flat steak with a slice of ham on top covered in mozzarella cheese and a read sauce, muy bueno!! Don't worry, we had dessert of course, ice cream, hmm! We washed it all down with 8 bottles of red wine. My teeth would be dark purple if I lived down here all the time, seriously! People drink wine at every meal, its great. We finished the evening with a small group on the 17th floor bar at our hotel. We found out some good stuff........

Day 5 was my favorite day in Chile. The meals, the winery, the conversations, all good fun....I'm out

Wednesday, January 7, 2009

Day 4 - 3M & Tata Consulting Services (TCS) Meetings

Well, I'm back to catch up a little on the blog as the group is sitting in the Santiago airport waiting on our flight to Argentina. Our flight at 9:45am was canceled and we all are now on the 12:20pm one, well, at least we all think so.....


Our first meeting on the 4th day was with 3M Chile. This presentation was a great meeting with 2 marketing managers. They gave us an overview of the company, the Chilean business, the new first aid kits that they have been working on, as well as an overview of the Nexcare brand. Seeing that we did a case on 3M in international marketing, it was great learning what has happened in the 10 years post the case. The main points are listed below:

  • $24.5B, 76K employees - 55K products, 45K patents
  • In Chile, 32yrs. existence (since 1976) - 6K products, 285 employees
  • Office equipment, graphics, energy (ex. electric tape), security, health care, industrial
  • #3 "Most Innovated Companies" in 2006
  • #1 innovated company in Chile
  • Top 10 "Most Respected Company" in Chile - High service standards & positive attitudes
  • William McKnight principals - "delegate responsibility", "mistakes will happen"
  • Implemented Six Sigma and New Product Introduction (NPI)
  • 3M Chile - 6% of investment in R&D
  • "I am 3M"
  • Walmart is now coming to Chile so a lot of analyzing their model and competition issues
  • Employee performance is based partially on values/people/leadership attributes
  • 60% of 3M market share/37% Nexcare market share/3M 70% Brand Awareness
  • J&J have tried for 5 yrs. to penetrate Chilean markets, but can't
  • Nexcare has expanded its channel mix from only pharmacies to now supermarkets, drug stores & homecenters
  • **1st mover affect was significant for many of 3M products!
  • 3M focuses on more localized packaging
  • The corporate offices in the U.S. still doesn't think the kit was a good idea (our case)
Lunch was at a restaurant called El Parron in downtown Chile. We had Pisco Sour o Vaina, empanadas, beef and chicken skewers, steak & vegetables, vino and some dessert (it was good, no name).











The afternoon meeting was with Tata Consulting Services. Some notes are below on Tata
  • Established in 1968 in India originally
  • 142 offices in 42 countries
  • In 2002 Tata entered Latin America-6K employees in SA, offices currently
  • Started in Uruguay for the cost structure, English, incentives, and regulations
  • Chilean cost structure is actually bigger than most Latin American countries, but similar to Uruguay
  • The cost drivers are salaries and infrastructure
  • Work weeks in Chile on average are 45 hours a week and they tend to work even more each week
  • Tata, like other companies, use numerous Chileans for upper management. Tata's CEO of the Chile office is a local.
  • The Chilean govt will reimburse Tata for sending employees to English training
  • 95% of the Santiago office = Chileans
  • **No security in Chile - anyone can walk into a building without being stopped
  • Tata hasn't entered Venezuela yet, but have a partner in mind for entrance
  • Reasons for entering Chile = Friendly, Secure, fairly good cost structure, good infrastructure, time zone advantage, and the financial and banking system is one of the most sophisticated in SA
  • Plan to enter Peru this year
  • 40% of their business is from the banking and financial industry (BoA, ING, and many others)
We then took a tour of the Tata facilities to see where the employees process all the checks. Just think of someone sitting at a cpu and entering numbers into a system and staring at the screen all day long! These are the type of jobs we are talking about (a very eye-opening experience to say the least). Overall, a good meeting.

After Tata the cohort was on our own so a group of 11 of us went to El Otro Sitio. Fran, our tour guide went with us so we were able to get some good local recommendations for what to eat and drink. We ordered a lot of appetizers of ceviche and empanadas and again, tons of wine! For my main meal, I had salmon, Peruvian corn, and mushrooms (Very good). Seeing that we were out late a couple nights in a row, most of the group decided to call it a night at midnight. Drew on the other hand won the award for the evening! Pisco?

Day 3 - Company Presentations

General Chilean facts:
  • Growth Rate = 6%
  • Unemployment = 9%
  • Population = 16.5M (Santiago =6.5M)
  • Inflation = 7.8%
  • Corporate Tax = 17%
  • Independence from Spain in 1810
  • Exports = Copper, fruit, fish products, paper, wine
  • Ranked 11th worldwide for freest nations (#1 in Latin America)
  • Santiago ranks 48th in cost of living (BA = 70th)
  • Chile is a very opened country

Our first visit was with a company called Enersis. Enersis is one of the main privately-owned multinational electric power corporations in Latin America. The presenter was the CFO. Highlights from this presentation below:
  • Located in 5 countries in Latin America (Colombia, Peru, Argentina, Brazil, Chile)
  • Largest power company in LA
  • Impossible to replicate Enersis
  • 2 sectors - Generation & Distribution
  • Generation is much more risky, distribution is more stable
  • Partnerships are key
  • 2nd mover is ok
  • Make your competitive advantage using/maximizing water, no coal or oil
  • Southern Chile has lots of water with damns, easier to transport energy
  • Emerging markets have more opportunity
  • More cash flow and opportunity on the generation side
  • ROI = Stakeholders & Cash flow = Bond holders
  • Consumption is high in U.S. Lowest in LA. 75% increase in growth over next 20yrs in LA
  • Hedge opportunities = Alternative fuels & long-term contracts with mining
  • Customer gets affected by price fluctuation in generation energy. Change prices every 6 months
  • Change in energy behavior is extremely low
  • High liability to hire Americans
All in all, a great intense, interactive and informative presentation/meeting.

Lunch was in the Bellavista area where I had Salmon ceviche, Steak Tagliatta, and Thousand Layer Cake with caramel. It was pretty good, but the best part was the dessert, wow. The gelato is sooo good. After lunch we had a little time to roam the area again. This part of town is very quaint, with numerous restaurants, pubs, and shops.

The afternoon presentations were with Corfo, Orion, and ICS. Below is a picture of the company emblem. Here are the highlights from the afternoon meeting:
  • Chile best attributes = 1) business environment (stability) 2) human capital 3) infrastructure 4) off-shoring. Also, low tax burden & clear rules
  • Intel offered to put a facility in Chile, but Chile said no and they built it in Costa Rica. Not the best of decisions
  • They want to go from $400M in service exports in '07 to $1B in 2010
  • Challenges = convincing employees that they could play in the game & compete with the big boys
  • Patents only happen for necessities (drugs, but not farm products)
  • Mining processes are HUGE for protection
  • Corfo helps Orion a lot in Chile
  • Near-shoring
  • Cost benefit and time zone are important factors
















Dinner was @ Camino Real Restaurant. This restaurant was located at the top of San Cristobal Mountain with amazing views of all of downtown Santiago. To see the views, please see day 3 pictures link located on the blog. We started off with a wine tasting in the basement where the staff provided our group with a quick overview of 2 separate Chilean wines. Both were very tasty. It seemed that right before the staff member started his overview, Ameer got really excited for a glass of red wine that was sitting at the table in front of the group. I don't think the presenter appreciated it as Ameer reached for a glass, he asked him to "excuse me sir, please wait!" ha, classic. I probably would have tried too, but I was on the other side of the room.

Once the overview was complete, the group was escorted upstairs to the dining room where we split up in two separate tables. For starters we had pumpkin soup. Main course = chicken with champagne sauce. Dessert = mousse, and a lot of wine to wash it down with! Good wine too....Just ask Jay how good the wine was. Seemed he liked a certain kind of wine on the menu that called for all the waiters to come over and serve, $$$. This was only the beginning of the evening though. We continued this party at the local Irish Bar down the street from our hotel.......


Fran, our tour guide suggested a bar not far from our hotel that almost all the cohort went to after dinner. Seeing that this was about 4 hours into a large consumption of alcohol, the group began to open up a bit.....to say the least. Topic of conversations were very very funny. Not MBA student-like. TMP? THP? Anyone interested in getting some doughnuts? I bet the next time you have one, you will definitely think, day 3 of my MBA International Residency, good times had by all. Oh and yes, Chris was left at the bar because he couldn't stop talking to Juan Carlos or whatever the creepy guys name was that was starring over Deb's shoulder all night.

Quotes of the night:
"i know Swahili" - Drew
"You don't have a puma!" (like 4 times) - Drew
"I can't let the girls walk home by themselves" - Drew. This was very true and a nice gesture, but the sad thing is the girls called him out since he was more banged up then all them combined.
"Pachow" - Jessica

Tuesday, January 6, 2009

Day 2 - Rise & Shine!

First off, no matter how hard I tried to maneuver around in seat 13A, it wasn't comfortable, but at least I got some sleep! 6 hours actually, if I timed it correctly. The last time I left you I was watching the 70 yr. old woman mix 4 airplane bottles of scotch amongst her 3 different glasses. It is now 6am or so and I am thinking to myself, wow this flight is one long @ss flight! 9.5 hours from Dallas to Santiago! The cool thing is as I slowly open my eyes, I look outside my window and see one hell of a sunrise amongst the clouds. Yes, I would love to be laying in my nice comfortable bed at home, but this is something I have never seen before that is pretty damn cool. Once I realized I couldn't sleep any longer, I just sat and stared out the window thinking about the trip ahead of myself. As the minutes pass by, the more I thought about the magnitude of it and the more I realize how fortunate we are to experience a trip of this sort. The clock hits 8am and the pilot says that we are about to fly over the Andes Mountains on the left side of the plane. Guess what, I am on the left side, nicely! What a view! To see the view, please visit "Day 2 Pictures" on the left side of the blog. 9:30am approaches fast and the plane lands. "Welcome to Santiago, Chile!"

After passing through customs and baggage claim, the group hopped on the bus and headed off to the hotel. I am not going to lie, from the hotel for about 15 minutes, Santiago looked liked the bad part of Baltimore on a good day, but as we passed through a tunnel that got us into more of the city limits, the city became quite nice and much more cleaner, but still very polluted! Santiago is one of the 3 most polluted cities in Latin America. Sao Paulo and Mexico City are the two others.

As we finally pulled up to the Plaza el Bosque Suites Hotel, I was beat down tired, but at this point, you just have to run on pure adrenaline. The guide told us we had about an hour and a half to shower and get ready to head to lunch. After showering, a small group of us went walking around the streets to find "cambio" for our U.S. dollars. As we were standing on a corner block, a nice young woman tapped me on the shoulder and said in Spanish, "Are you looking for a place to get change?" I turned to Chico and said, "what she say?" We ended up following this woman 5 blocks up and 2 blocks over. Prior to arriving at the bank, we did witness Chico almost fall in this hole below (Picture). Santiago has holes, cracks, and steps all over the place. I think in that short walk to get change, 3 of us almost fell.
















Getting change with Chris was one of the worst experiences ever! ha, jk, but not really. First, it took us forever to get to the place, then it took Chris forever to do the math. He does admit though, "I am not a finance guy, I'm a policy analyst." Anyway, after all the walking around, Chris was the only one to get change, we didn't have enough time for the rest of us. So, as we walked back, Drew and I decided to just buy some from pesos from Chris, bad idea. This was the biggest debacle and lasted an hour into lunch trying to figure out how much. Finally, we cut Chris off from talking about it anymore, wow!

We ate lunch as a group at a great place called Divertimento Restaurant. It was nestled in a park/woods area at the bottom of the mountain where San Cristobal is located. I had empanadas, Steak with mashed potatoes, and Chilean desserts. We also had some great Chilean wine. It seems that every meal we have here with the group each person gets a half a bottle of wine to drink. Pretty nice deal if you asked me.

Lunch was followed by a 3 hour tour of the city of Santiago, Chile. I will add more later on, but this was a fabulous trip! It was mostly on a bus, but parts of it the group got out and walked. Some observations, Santiago has some beautiful buildings, churches, fountains, and parks. It is crowded and traffic looks to be heavy most of the time (think, it is the summertime here too and traffic is bad). Also, I have noticed people are everywhere, out and about, sitting in the park, on benches, laying in the grass. I also notice that the people of Santiago are extremely nice. Please see the pictures on the right side of the blog to see all the places we visited on the tour. I have over 100 pictures, so that should give you all a great idea of the city and its architecture.

For dinner, the group was on our own. Drew, Chico, Ehsan, Ameer, and myself went to Azul Profundo for seafood. A very popular place in the area of Bellavista. I also picked up a small gift for myself and maybe for someone else? Hmmm, for Motto? Well, time will tell. We ate and drank for a couple hours and it only cost $30 a person, great deal. I had salmon over risotto with flounder ceviche, empanadas (of course), and calamari/shrimp. Oh, on a side note, cabs drive crazy here, stop signs are definitely yield signs and Ameer got the same meal as Drew. I think Ameer is now growing a gotee too?

I should have day 3 notes and write-up posted later this evening, but we shall see, tonight we have the night free and the boys are going out for steaks again. Vacas Gordas is calling our name I think.

Miss the ladies of 1633!

Monday, January 5, 2009

Day 1 - Travel Day!

Ok ladies and gentlemen, the much anticipated first blog post of the Virginia Tech EMBA Latin America International Residency Trip. The trip started when Kaylan and I left Arlington, VA at 1pm for Dulles International Airport. Once arriving and having to said all our goodbyes, I joined a couple fellow students at the American Airlines check-in counter. The talk amongst ourselves was mostly holiday and what everyone did over our 5 week break, but the conversation eventually turned more to who brought how many bags. As I patiently stood in line with fellow classmate Deborah, I noticed that she had 3 bags total, similar to what I packed. But, as we compared what we both packed, we noticed Steve another cohort member who only packed one bag and probably was the smallest bag I have ever seen for a trip lasting 12 days. He brushed us off by saying he was well prepared which we both knew was the case. He has been all over the world, so he is a veteran packer.

So once everyone made it through security, we had quite sometime before our first leg of our trip to the big D (Dallas, TX). Where better to waste time in an airport than the local pub, Mamma & Ema' I believe it was called. While sitting there, everyone talked about the excitement we all had for our big trip to Latin America. While sitting there though, Jim did have a run in with an 80 year old man who got pretty bitter when the man couldn't seem to get by Jim and some bags. I think the quote was, "thanks a lot for nothing buddy". I saw it all, Jim did no wrong.

The flight from Dulles to Dallas was only 30 mins. late and nothing exciting happened on our flight other than finding out that classmate, Kristi likes the middle seat even if there is no one on the aisle. Oh and she can fall asleep pretty darn quickly.

Once arriving in Dallas, the group didn't have much time so we all split up and grabbed some dinner. A small group of us fell upon an Irish pub to grab a quick sandwich and salads. Well, Steve ordered some wings ("how many wings are in your 1/2 dozen order?"). Classic line if I have ever heard one. That will have us going for awhile.


"Now boarding, flight 945 to Santiago, Chile." I walked on board and sat in 12A. Right next to a 70 year old lady in 12B. It seemed the rest of the group was further back in the plane for this leg, which was fine by me cause on a 10 hour red eye flight, the only thing I want to accomplish is some sleep. I know if I sat with other classmate, this would be a little difficult. Just ask fellow classmate Ameer. Sounds like the bread that was served at dinner was tossed off his melon a few times. I didn't take a dinner on board just because we had eaten right before, but the woman next to me got some beef plate. It look extremely weird and smelled funny. I also refused a cocktail as I knew if I drank more I would have to use the restroom and since I was in the window sit, I wasn't about to be that guy asking the lady to get up every couple hours. I was on a mission to snooze. Before dozing off though, I will tell you what my 70 year old Chilean friend ordered from the flight attendant. 4 mini bottles of scotch, 2 cups of ice and one cup of water. I felt like I was Tom Cruise working @ Cocktail & Dreams. This lady was whipping up some drinks. Anyway, I am off to sleep for a few hours before I land in Santiago, Chile. I will be back on tomorrow with some even better reflections and stories as our trip has just begun.

Saturday, January 3, 2009

Residency Itinerary

Sunday, January 4th - Dulles/Dallas Ft. Worth @ 4:30pm/7:05pm - American Airlines
Sunday, January 4th - Dallas Ft. Worth/Santiago @ 9:10pm/9:50am - American Airlines

Santiago, Chile:
Accommodations: Plaza el Bosque Park & Suites

Monday, January 5th
  • 9:50am Arrival
  • 1:30pm Depart Hotel for group lunch and afternoon guided city tour (Dinner on own)
Tuesday, January 6th
  • TBA Departure of hotel for Enersis. Group lunch
  • 3:00pm Corfo, Orion & Oracle visit. Corfo presentation about investing in Chile for high-tech companies. Orion - Microsoft Gold Partner to present regarding their experience with setting up operations in Chile. Oracle - presentation about technology in Chile.
  • 7:30pm Depart hotel for group dinner @ Camino Real Restaurant
Wednesday, January 7th
  • 9:30am Depart hotel. Meeting with 3M. Presentation by Marketing Director
  • 1:00pm Group lunch @ El Parron Restaurant
  • 4:30pm Tata Consultancy Services Presentation. BD and Marketing Manager
  • Dinner on our own.
Thursday, January 8th
  • 10:30am Depart hotel for full day @ Vinamar vineyard. Group lunch @ Marco Restaurant
  • 8:00pm Depart hotel for group dinner @ La Tabla Restaurant
Friday, January 9th
  • 7:20am Depart hotel for airport
  • 9:40am Flight to Buenos Aires
Buenos Aires, Argentina:
Accommodations: Hotel Madero Sofitel
  • 12:40pm Arrival in Buenos Aires
  • 3:00pm Depart hotel for group lunch @ La Bisteca Restaurant followed by city tour
  • 8:00pm Depart hotel for group dinner @ Carlos Gardel
Saturday, January 10th
  • 9:00am Depart hotel for full day tour of the Tigre Delta area with private boat tour
  • 12:00am Group lunch at Scandinavian Rowing Club Restaurant
  • 8:30pm Depart hotel for group dinner @ Divnia Patagonia Restaurant
Sunday, January 11th
  • Full day on our own
Monday, January 12th
  • 9:30am Depart hotel for Globant visit. Group lunch. Transparency International presentation.
  • Dinner on our own
Tuesday, January 13th
  • 9:30am Depart hotel for Google visit. Finance Director
  • 12:30pm Group lunch
  • 3:00pm Exxon presentation
  • 8:00pm Group dinner @ La Parolaccia Restaurant
Wednesday, January 14th
  • Full day on our own
  • 7:30pm Depart for airport
Wednesday, January 14th - Buenos Aires/Dallas Ft. Worth @ 11:45pm/6:15am - American Air
Thursday, January 15th - Dallas Ft. Worth/Dulles @ 8:05am/11:45am - American Air