Fundesem and the “Fundasem case”

Almost everything seems to have been said about Fundesem’s situation, especially after learning to “kick to follow” as they say in rugby, which means renegotiating debt and filing for bankruptcy to seek possible viability. The precaution is a nuclear button that stopped everything, including the possible eviction of the center from its current headquarters, after IVACE decided to terminate the contract and claim the 1.65 million debt. A debt, as it is now known, increased after the deal with the new management team of Cayetano Sánchez Butrón. With this open competition, it also protects its current administrators by making it impossible to take control of the school administration from them, unlike the “forced competition” that any creditor might want.

As you know, one of the most common didactic systems in business schools around the world is to use the “case method”. The “case” is a simulation of a real-world business problem that provides a practical methodology for students who become decision makers to find solutions that guarantee viability. What do you think would be the outcome if the current situation of the Alicante school had become the “Fundasem case”? It must be admitted that this will not be an easy “case”. The key is economic viability, which has not been practically guaranteed since Fundesem’s existence. With the new business plan, that viability was tied by a very fine and complex thread: Some will say, as Sánchez Butrón put it in a letter we published last Sunday, that it’s a good solution and it’s enough because the important thing is to continue. school at any cost; but others will say it’s hard to explain why the agreement with the European University (that’s the trade name of that particular organization, not affiliated with the Union) should include health studies: four degrees, no more, no less, casting, let’s say generously, roundly. This uncertainty as to how the resolution of the “case” might be viewed is the same that surrounds IVACE and Generalitat’s position. We can doubtfully ask the public institution about the decision that drowned Fundesem: “Why now?”. But the answer may be very simple: “and why not?” Public money has so far paid off the debt that has made it possible for the school to continue its operations. But public money is controlled and explaining the plight of the 1.6 million unpaid seems at least complicated.

I think no one wants to shut down Fundesem (most likely holding it or the building it occupies), but no one knows how to deal with the “Fundasem case”. There are well-meaning “wells” and authoritative statements filled with apparent sincerity that support continuity but don’t want to go into how to make it possible. If we think calmly, 1.6 million wouldn’t be that much for our strongest companies. There are public bodies like Alicante City Council that are very interested and can provide another side. Of course, even IVACE now accepts payment of a substantial part and the rest is deferred. Well, if the general interest is so obvious and Fundesem so necessary, why is it so difficult to solve his “case”?

And one more thing:

Currently, the war drums are ringing louder in the relationship between Botànic’s two main partners, while the president and the new vice-president show a typical coalition cohesion that started rather than a coalition at their first official meeting. expires. Do not pay too much attention to appearances or rumors. While parts of PSPV wanted the breakout to kick off the campaign, the opportunity was missed when Mónica threatened not to step down. They won’t fire rockets in reconciliation either. They need votes in Alicante, as Juan R. Gil explained in his article on Sunday. Who will win the elections?and Aitana’s situation in Alicante is an asset they can fully exploit. The book that the new vice president gave Puig on the occasion of this first meeting reveals “What’s in Danger,” the work of German historian Philip Blom.

Here are our highlights:

Source: Informacion


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