| 授業名 | Business Analysis |
|---|---|
| Course Title | Business Analysis |
| 担当教員 Instructor Name | 古賀 健太郎（Kentaro Koga） |
| コード Couse Code | GLP156_G24N |
| 授業形態 Class Type | 講義 Regular course |
| 授業形式 Class Format | On Campus |
| 単位 Credits | 2 |
| 言語 Language | EN |
| 科目区分 Course Category | 基礎科目100系 / Basic |
| 学位 Degree | MSc in Management |
| 開講情報 Terms / Location | 2024 GSM Nagoya Spring |
授業の概要 Course Overview
Misson Statementとの関係性 / Connection to our Mission Statement
The present course stands on the NUCB mission statement. Specifically, the course contributes to dissemination of knowledge that develops the businesses and the societies. Furthermore, the course helps the business leaders guide the firms (corporations) to drive the performance without any distortion and, thereby, ethically.
授業の目的（意義） / Importance of this course
This course aims to improve your ability to build sophisticated financial models using Excel (the principle tool of the finance profession). We will stress the integration of financial and accounting principles and their implementation in Excel. You should bring a laptop to class — here will be lots of interactive learning!
More specifically, we will cover two main topics: portfolio theory and corporate valuation.
A good manager must know how to:
* Perform a good analysis.
* Make good financial decisions.
* Enable you to cultivate self-awareness through the full participation of open, intimate small-group and class discussions and the reflective exercises you must complete.
* Translate a business situation to a financial model, and analyze the sensitivity of the results to your assumptions.
More specifically, we will cover two main topics: portfolio theory and corporate valuation.
A good manager must know how to:
* Perform a good analysis.
* Make good financial decisions.
* Enable you to cultivate self-awareness through the full participation of open, intimate small-group and class discussions and the reflective exercises you must complete.
* Translate a business situation to a financial model, and analyze the sensitivity of the results to your assumptions.
到達目標 / Achievement Goal
This course aims to improve your ability to build sophisticated financial models using Excel (the principle tool of the finance profession). We will stress the integration of financial and accounting principles and their implementation in Excel. You should bring a laptop to class — here will be lots of interactive learning!
More specifically, we will cover two main topics: portfolio theory and corporate valuation.
More specifically, we will cover two main topics: portfolio theory and corporate valuation.
本授業の該当ラーニングゴール Learning Goals
*本学の教育ミッションを具現化する形で設定されています。
LG1 Critical Thinking
LG5 Executive Leadership (EMBA)
LG6 Innovative Leadership (MBA)
LG5 Executive Leadership (EMBA)
LG6 Innovative Leadership (MBA)
受講後得られる具体的スキルや知識 Learning Outcomes
By the end of the course, you will be able to:
• Create design and analyze financial models in excel.
• Extract the efficient frontier and optimize asset allocation.
• Understand how to value a business and spot the key value drivers.
• Create design and analyze financial models in excel.
• Extract the efficient frontier and optimize asset allocation.
• Understand how to value a business and spot the key value drivers.
SDGsとの関連性 Relevance to Sustainable Development Goals
Goal 4 質の高い教育をみんなに（Quality Education）
教育手法 Teaching Method
| 教育手法 Teaching Method | % of Course Time | |
|---|---|---|
| インプット型 Traditional | 50 % | |
| 参加者中心型 Participant-Centered Learning | ケースメソッド Case Method | 50 % |
| フィールドメソッド Field Method | 0 % | 合計 Total | 100 % |
事前学修と事後学修の内容、レポート、課題に対するフィードバック方法 Pre- and Post-Course Learning, Report, Feedback methods
The lecturer teaches both the lecture and case discussion parts of each session interactively. The lecturer encourages active class contribution among students by asking questions and commenting on other students’ ideas. Although the lecturer leads the interactions, students should learn the discovery process in which they actively resolve the issues amongst themselves, and not passively wait for an “answer.” After Day 2, the lecturer informs each student of the interim class contribution grade so that he or she can improve in Days 3 and 4.
授業スケジュール Course Schedule
第1日（Day1）
• Stakeholder Analysis• Course Introduction
• Framework for Business Analysis
●使用するケース
The Role of Capital Market Intermediaries in the Dot-Com Crash第2日（Day2）
• Strategy Analysis• Accounting Analysis
●使用するケース
AT&T Versus Verizon: A Financial ComparisonToshiba: Accounting Fraud
第3日（Day3）
• Accounting Adjustments• Valuation Analysis
●使用するケース
Accounting for the iPhone Upgrade Program (A)Ferrari: The 2015 Initial Public Offering
第4日（Day4）
• Equity Security Analysis• Course Synthesis
●使用するケース
Valuation at Novartis成績評価方法 Evaluation Criteria
*成績は下記該当項目を基に決定されます。
*クラス貢献度合計はコールドコールと授業内での挙手発言の合算値です。
• Specificity e.g., example, number, experience
• Coherence e.g., fit between problem and solution, building on another student’s comment
• Creativity e.g., non-stereo-type idea
• Use of concept and framework e.g., stakeholder analysis, financial ratio
• Linkage to bigger picture e.g., reference to strategy
*クラス貢献度合計はコールドコールと授業内での挙手発言の合算値です。
| 講師用内規準拠 Method of Assessment | Weights |
|---|---|
| コールドコール Cold Call | 5 % |
| 授業内での挙手発言 Class Contribution | 45 % |
| クラス貢献度合計 Class Contribution Total | 50 % |
| 予習レポート Preparation Report | 0 % |
| 小テスト Quizzes / Tests | 0 % |
| シミュレーション成績 Simulation | 0 % |
| ケース試験 Case Exam | 0 % |
| 最終レポート Final Report | 50 % |
| 期末試験 Final Exam | 0 % |
| 参加者による相互評価 Peer Assessment | 0 % |
| 合計 Total | 100 % |
評価の留意事項 Notes on Evaluation Criteria
The lecturer grades the class contribution and final report upon the criteria below:• Specificity e.g., example, number, experience
• Coherence e.g., fit between problem and solution, building on another student’s comment
• Creativity e.g., non-stereo-type idea
• Use of concept and framework e.g., stakeholder analysis, financial ratio
• Linkage to bigger picture e.g., reference to strategy
教科書 Textbook
- 配布資料
参考文献・資料 Additional Readings and Resource
The lecturer recommends the following book as a reference.
Palepu, K., P. M. Healy, & E. Peek. 2019. Business Analysis and Valuation IFRS Edition (5th ed.). Hampshire, UK: Cengage Learning EMEA. [ISBN: 1473758424 or 978-1473758421]
Palepu, K., P. M. Healy, & E. Peek. 2019. Business Analysis and Valuation IFRS Edition (5th ed.). Hampshire, UK: Cengage Learning EMEA. [ISBN: 1473758424 or 978-1473758421]
授業調査に対するコメント Comment on Course Evaluation
The lecturer taught this course in the past 2 years. The lecturer changed this year’s assignment questions incorporating the students’ suggestions.
担当教員のプロフィール About the Instructor
東京大学経済学部経済学科を卒業、米国コロンビア大学経営大学院でMBA（修士課程）を修了、米国ハーバード大学経営管理大学院でDBA（博士号）を取得。
2021年より名古屋商科大学。以前の教職は、一橋大学（2009年-2021年）、米国イリノイ大学アーバナ・シャンペーン校（2002年-2009年）、早稲田大学（1998年-2001年）。イリノイ大学アーバナ・シャンペーン校では、経営学部の最優秀教授賞（2005年）、会計学科長賞（2005年）、同学の優秀教授賞（2002年-2006年、2008年、2009年の各年）を受賞。
実務家が会計情報を用いて、どのように意思決定したり、従業員を動機付けるかを実証的に研究する。特に、企業統治における会計情報の役割、戦略の変革を導くバランスト・スコアカード、原価計算と意思決定との相互作用、製品開発の中での原価企画に関心をもつ。これまで、カメラ、家電、銀行産業を調査した。1998年に戦略経営学会/マッキンゼーの優秀論文賞を受賞。
2021年より名古屋商科大学。以前の教職は、一橋大学（2009年-2021年）、米国イリノイ大学アーバナ・シャンペーン校（2002年-2009年）、早稲田大学（1998年-2001年）。イリノイ大学アーバナ・シャンペーン校では、経営学部の最優秀教授賞（2005年）、会計学科長賞（2005年）、同学の優秀教授賞（2002年-2006年、2008年、2009年の各年）を受賞。
実務家が会計情報を用いて、どのように意思決定したり、従業員を動機付けるかを実証的に研究する。特に、企業統治における会計情報の役割、戦略の変革を導くバランスト・スコアカード、原価計算と意思決定との相互作用、製品開発の中での原価企画に関心をもつ。これまで、カメラ、家電、銀行産業を調査した。1998年に戦略経営学会/マッキンゼーの優秀論文賞を受賞。
Professor Kentaro Koga received the Bachelor of Economics from the University of Tokyo, the Master of Business Administration from Columbia University in the US, and the Doctor of Business Administration from Harvard University in the US.
Professor Koga joined the NUCB in 2021. He also taught at Hitotsubashi University (1998-2021), the University of Illinois at Urbana-Champaign (2002-2009) in the US and Waseda University (1998-2001). At the University of Illinois at Urbana-Champaign, he won the College of Business Alumni Excellence-in-Teaching Award (2005) and the Accountancy Department Head’s Award (2005) and entered the Incomplete List of Teachers Ranked As Excellent by Their Students (2002-2006, 2008, 2009, respectively).
Professor Koga conducts empirical research on how managers use accounting information to make decisions and motivate employees. In particular, he is interested in the contribution of accounting information to corporate governance, the balanced scorecard that initiates strategic innovation, the interrelationship between cost systems and management decisions, and the practice of target costing during the product development process. He has studied firms in the camera, electronics and banking industries. In 1998, Professor Koga won the Strategic Management Society/McKinsey Best Conference Paper Prize (Honorable Mention).
（実務経験 Work experience）
株式会社電通グループの取締役、監査役（2012年-2022年）、株式会社りそな銀行の監査役（2013年-2019年）、株式会社三菱総合研究所の経営コンサルタント（1985年-1991年）。
Professor Koga served as the director and the audit and supervisory committee member of Dentsu Group Inc. (2012-2022) and the corporate auditor of Resona Bank, Ltd. (2013-2019). He worked as a management consultant for Mitsubishi Research Institute, Inc. (1985-1991).
Refereed Articles
- (2020) Strategy emergence through interactive control systems: Evidence from executive meetings. The Journal of Cost Accounting Research 44(2):