On Feb. 14 in 2018, the international students at YCCS (Yokohama Creative-City Studies) program presented their own business plans.
It is a requirement for all the YCCS international students at the end of the semester to show their skills and ability which they acquired in the classes to develop a feasible business plan.
I participated in the event as one of the judges to evaluate their proposals. Each judge is required to place a bit to some of the proposals as an investor.
The major criteria are
(iii) financial validity and
Not only a creative idea but also “business reality” such as solid logic and financial validation is required
I was so happy to know that they properly applied the skills which I taught in my classes, especially financial validation, benchmarking, logic development and data utilization. etc.
I believe that this kind of program is quite unique not only in Japan but in general. But this is really worth learning for the students who will start their professional careers in the complex and competitive business environment.
I am so proud that they did great jobs. Congratulations!!
We have finished final exam presentations today in the class.
It was required to make a team presentation to propose a product development strategy for the global market.
The question was which to put more priority, ECO-friendly or Price-conscious products for the global market. The students were required to apply :
- Logical thinking process and approaches
- Techniques to make a logical structure for presentation
in the presentation.
The conclusion must be supported from several perspectives such as company’s profit, brand image, customers, social responsibility etc.
Five teams presented their stories today. They did a great job!
This is what we discussed in today’s class at Yokohama National University, “Problem-solving” class.
Wrong and right processes of problem solving in my class.
– You should NOT jump to a solution.
– You should NOT just come up with a single cause factor.
– You need to list all the possible cause factors and then identify the root cause before considering effective solution(s).
After discussing a general rules of the process, we started individual exercise followed by a team discussion on what are good, what are bad.
As a second exercise, the students made their “WHY-type Logic tree” for the designated issue:
You have to mention “Machine factor” and “Human factor” at least.
I designed my class contents which I would like to take as a university student but I could not.
This extremely practical classes are provided for international students in English.
Please contact me if you are interested in the program.
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 !
I have announced two final exams of the classes I have at Yokohama National University.
- Business Logics and Team Consensus
・Business Problem Solving Logics and Framework
Every student is assigned to a team and they still have two weeks to prepare for the final team-presentation.
I am looking forward to their excellent outputs.
Keeping MECE (Mutually Exclusive and Collectively Exhaustive) is one of the biggest challenges for applying the logical thinking concepts for practical issue-solving.
In my class, students learn how to develop a logic tree while keeping the MECE structure in a practical way.
One of the tips is using “Pair concept” for coming up with possible alternative ideas.
The concept logically leads to a solid logic tree as follows:
Once you have an idea of possible cause (in the chart above, “Promotion was not effective”), you may draw an alternative cause by asking yourself “WHAT IF this is not a cause”.
In the chart above, the alternative is “Price up”.
Similarly you may repeat the same practices until you cannot come up with any other ideas.
In addition to the simple “pair concept” practice, you may apply the “category approach” as follows:
The words in blue in the chart above show “category names”, while descriptions in the white boxes are possible causes.
Using “Category names” allows you to lead alternative ideas much more easily by applying the pair concept to the category itself, rather than to the possible causes.
In my problem solving class, students repeat this excercises until they can make a solid tree showing all possible causes logically. It does not take much time, only a couple of practices are required.
This is another video from my class “Business management with accounting and finance” at Yokohama National University for the international students.
Students are developing their own financial plan(simulation) for the business with Excel.
This is a technique I used to use in Nissan to propose a new business and/or new affiliate companies to the executives including the CEO.
You can make a profit simulation to see when and how much profit you will get in a certain year in the future with a variety of assumptions.
It is extremely practical, which you cannot learn at an ordinary schools or universities.
I would be happy to conduct an intensitve course (a few days/ a week etc.) in you need the program.