Final exam case was announced last week.
The students are required to complete their own business financial plan and give an individual presentation in two weeks.
This is the case:
There is no “right” answer but the plan must be feasible and reasonable while meeting all the business requirements given in advance.
They have already learned the techniques to develop a business financial plan.
Making reasonable assumptions and adjustments to meet the requirements are the key!
Good luck and enjoy it !
My university class now shifted its focus from the individual logical thinking skills to finding a solution with a group.
Focusing only on a few tips improved the students’ facilitation skills.
Induction was the main topic in my “Business Logics and Team Consensus” class at Yokohama National University in Japan for the international students.
The first exercise at today’s class was to make a summary of the following three statements:
- Japanese is busy
- Japanese is punctual
- Japanese acts quickly
- Japanese is always in a hurry
It seems that they all make a sense. But wait a minute!
Did you add your personal assumptions when you reach the conclusion???
For instance, “Japanese is busy”…. Acting quickly does not necessarily mean the person is “busy”. The conclusion comes from such assumption which is not drawn from the real observation or fact.
Such mistake makes your logic weak.
As one of the techniques you should remember when you develop your logic using induction, ask yourself about the assumption(s) you make. If the assumption(s) is valid, you may have no problem in your story..
Here are some other exercises in the class today.
An answer to the question above is as follows:
This is not an only the answer. But I felt that the students were getting more skilled to construct their ideas logically.
This was the last exercise for today, which took more time to reach to the answer:
My answer was quite simple, while some students made more complex answers..
Today’s points were:
Don’t add your assumptions too much when you make a conclusion by summarizing your observations. Try to be based on the facts only.
Please contant me if you are interested in the practical business skill classes in your country.
This is an exercise in my problem-solving class at Yokohama National University in Japan.
Drawing a logic tree to show a whole picture of the stakeholders in the university, assuming that the diagram is used to make priority to implement an evacuation program for earthquake.
The students are learning how to breakdown the people into small pieces to show more details (such as students, professors and workers etc.).
In such exercise, they learn what is the effective category and what is the appropriate level of information to make a decision and how to avoid to miss critical information.
They learned to use MECE technique in the exercise as well.
Following is another exercise in the class to re-allocate the boxes and make an effective logic tree.
And, here is an answer:
The key point of this exercise was to keep the same level of the issue in the same layer and to gain the skills to summarize small pieces of information in a logical way.
My programs are quite unique as they are designed for the (undergraduate) students to gain very practical business skills.
If you are interested in those academic but extremely practical programs, please contact me.
Posted in Data analysis for daily jobs, Uncategorized
Tagged academic, class, lecture, lesson, Logic tree, Logical, practical, problem solving, undergraduate, university, 柏木吉基
“Logic jump” was a main topic in my Class “Business Logics and Team Consensus” at Yokohama National University today.
Many people make mistakes when they develop a logic (or simply to say, message).
You may skip some necessary explanations or assumption you make, which causes misunderstanding and mis-communication.
They are simply explained in the following two cases:
CASE 1 is generally called “Deductive method”.
In your daily conversation, you may never clearly mention any principles, rules which are already known by anybody and are called a”Major premise”.
But what if the major premise is wrong or not the same as other people……??
Sometimes it is a powerful method to clarify the gap of the premises with others so that you make your message.conclusion more reasonable, convincing and logical.
CASE 2 is a common pitfall of skipping some layers of the logic (logic jump).
You may need to fill the gap between a conclusion and reason(s) so that other people can understand how you reach the conclusion. In many cases you may know how you reach it but others may not. By clarifying the “missing” layers, you can reinforce your story/logic significantly.
Here are some exercise, our students tackled as a team in my class:
There is not a single “right” answer but it is quite important to think what are missing and how you can strengthen your logic.
The teams competed with one another in the class and enjoyed the competition so much!
Keep on studying hard!
Next week, I will conduct an intensive class of “Business Management with accounting and finance” from Monday through Friday.
In this class, students will learn how to develop a business profit simulation with risk analysis.
The class is a combination of lecture and workshop, where the studnets are required to develop their own business simulation to show when and how much the business will be profitable.
As an exercise for the workshop, I have just made a business case in which you are assumed to start a new “premium chocolate” business.
The assumptions you make may not be that accurate in general, where you are required to analize the risk of the simulation in a qunatitative way.
Scenario and sesitivity analysis will be introduced in the class.
This is just a basic but quite practical skill.
I am sure that the skillsets you can learn in the class is universally effective in any business anywhere. I would be happy to have my class anywhere in the world.
Posted in Data analysis for daily jobs, Uncategorized
Tagged accounting, データ＆ストーリー, busines school, Business, class, Excel, finance, professor, profit, simulation, university, 柏木吉基
This monthe, as an intensive program, I will launch a new class, ” Business management with accounting and finance” at Yokohama National Univesity.
In the class, students will learn how to develop a busines profit simulation with Excel.
You have to justify your business plan( and its profitability) to a final decision maker to get an approval.
You will always be required to propose how profitable the new business will be based on your simulation, whih shows how much profit you will and when.
In the class, the students will also learn how to simulate its potential risks in a qunatitative ways(with Excel).
I am very excited to launch the new class and would be happy to conduct the class at your company/university even outside of Japan.