{"id":1173,"date":"2014-05-26T10:06:49","date_gmt":"2014-05-26T09:06:49","guid":{"rendered":"https:\/\/blog.iese.edu\/doing-business\/?p=1173"},"modified":"2014-06-02T12:12:22","modified_gmt":"2014-06-02T11:12:22","slug":"miami-heat","status":"publish","type":"post","link":"https:\/\/blog.iese.edu\/doing-business\/2014\/05\/26\/miami-heat\/","title":{"rendered":"Miami Heat"},"content":{"rendered":"

After visiting timeless\u00a0Cambridge, Massachusetts,\u00a0I found myself in Miami<\/strong>\u00a0teaching\u00a0on a course for a consumer products company. IESE has been running part of our Senior Executive Program<\/a> <\/strong>in Miami for a number of years but I do\u00a0not teach\u00a0on the program and\u00a0have not had a chance to visit the city in a very long time\u00a0and unlike Cambridge, its has changed completely!<\/span><\/p>\n

\"imgres\"<\/a>The course was located in a downtown hotel which, like everything else was new, shiny and expensive.\u00a0 There is a new stadium for the Basketball team, The Heat, an opera house, children\u2019s museum, cruise ship terminal, and more. David Beckham wants to build a Football stadium for\u00a0Major League Soccer!<\/p>\n

\"images\"<\/a>My classmate from IESE in 1987, Tor Sovik, was in town as he is part of a telecoms start up (his fifth!) which is based in a loft in South Beach and he stays in one of the art deco hotels just below the strip. Driving over the causeway you see yachts and homes which, even more than the rows of luxury apartment blocks, gives one a sense of Miami\u2019s new power and wealth.<\/span><\/p>\n

Miami Geopolitics<\/b><\/span><\/h3>\n

Miami has of course evolved into becoming the Financial Capital of Latin America<\/strong>\u00a0and is perhaps, on its way, to becoming the de-facto political capital as well.<\/span><\/p>\n

The company we were working with had recently joined the trend to locate their Latin American headquarters in Miami. In terms of cost, it seems that top quality office space was actually cheaper in Miami than in other regional capitals and that point to point air travel is faster and cheaper from Miami. <\/span><\/p>\n

In terms of Talent Management, the regional HR Vice president told me it was\u00a0much easier to attract international talent to Miami and some of the issues connected to cities in the region such as schools, housing, and personal security become much more manageable. According to a study<\/a> published by the University of Miami in 2009, there were over 30 multinationals with their Latin American offices in Miami<\/strong> and my guess is that there at least three times that many today<\/strong>!<\/span><\/p>\n

Miami’s 70% hispanic population is home to people from across Latin American including countries such as\u00a0Venezuela and it has become the natural home for political opposition and exiles of all types following and expanding on the model established by Cuban exiles a generation ago. Perhaps one day soon regional institutions such as the Organization of American States will also move to Miami \u00a0Washington.<\/span><\/p>\n

Miami\u2019s Environment<\/b><\/span><\/h3>\n
\"New
New York Times<\/figcaption><\/figure>\n

Having thought of Miami as a tropical place, I was also unprepared for the bitter cold you find in every hotel, restaurant and public place as the entire city seems to be\u00a0air conditioned. Electricity costs averages about\u00a0$ 0.12\/Kwh which is lower than the average cost in the U.S. and is mainly provided by Florida Power & Light, \u00a0part of NextEra Energy<\/a>, a leader in low carbon power generation with a\u00a0national portfolio in wind, natural gas and nuclear power.\u00a0<\/span><\/p>\n

Miami gets much of its power from Next Era’s Turkey Point Nuclear plant<\/a> on Key Biscayne about 24 Miles (40km) away form the city.<\/p>\n

Of course the big problem<\/a> facing Miami in the future is climate change and the possibility of increased hurricane activity and sea water levels<\/strong> as the City is considered one of the most vulnerable in the United States!<\/p>\n

\n","protected":false},"excerpt":{"rendered":"

After not visiting Miami for a number of years the city causes a remarkable impression and has become the financial center of Latin America and may become its political center if it survives climate change …<\/p>\n","protected":false},"author":788,"featured_media":1184,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[419,26749,778,40357],"tags":[90125,976,5477,67643],"class_list":["post-1173","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-climate-change","category-geopolitics","category-global-strategy","category-globalization-and-related-topics","tag-geopolitics","tag-latin-america","tag-nuclear-power","tag-venezuela"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/blog.iese.edu\/doing-business\/wp-json\/wp\/v2\/posts\/1173","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.iese.edu\/doing-business\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.iese.edu\/doing-business\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.iese.edu\/doing-business\/wp-json\/wp\/v2\/users\/788"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.iese.edu\/doing-business\/wp-json\/wp\/v2\/comments?post=1173"}],"version-history":[{"count":13,"href":"https:\/\/blog.iese.edu\/doing-business\/wp-json\/wp\/v2\/posts\/1173\/revisions"}],"predecessor-version":[{"id":1223,"href":"https:\/\/blog.iese.edu\/doing-business\/wp-json\/wp\/v2\/posts\/1173\/revisions\/1223"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.iese.edu\/doing-business\/wp-json\/wp\/v2\/media\/1184"}],"wp:attachment":[{"href":"https:\/\/blog.iese.edu\/doing-business\/wp-json\/wp\/v2\/media?parent=1173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.iese.edu\/doing-business\/wp-json\/wp\/v2\/categories?post=1173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.iese.edu\/doing-business\/wp-json\/wp\/v2\/tags?post=1173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}