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現在位置: ホーム シラバス(2019年度) 経営管理大学院 Business Practice Subjects Turnaround Management

Turnaround Management

JA | EN

科目ナンバリング
  • P-MGT75 60119 LE44
開講年度・開講期 後期
授業形態 講義
配当学年 1.2
対象学生 Graduate
使用言語 英語
曜時限 金4・5 隔週開講
教員
  • 青松 英男
授業の概要・目的 The objective of this course is to learn basic concepts and measns of business/company turnaround.
The course will start by asking a fundamental question of what is a moribund state of business/company which requires 'turnaound' or what is a live state of business/company.
Turnaround management is often mis-understood to be legal and political manipulation of distressed companies taking an advantage of debt reduction measures allowed by corporate liquidation laws.
However, the essence of turnaround management can be learnt only by deeply understanding 'raison detre' of business/company.
Thus, the course will cover topics of what is company, why corporate value needs to be constantly enhanced, why cost of capital is so important, etc., answers to which questions constitute a foundation of corporate management.
到達目標 After this course is fully attended, students are expected to have acquired basic skills and frameworks for diagnosing conditions of any company and for prescribing necessary remedial measures and directions to fix the problems of the company.
授業計画と内容 The lectures (each consisting of two consecutive 90 minutes sessions) will be conducted in the 4th and 5th classes on Friday bi-weekly.

Lecture 1. Raison detre of business/company: Definition of being 'alive' in a two-tier structure of company
'Basis': cash flow to meet obligations; payment of rent to capital providers, etc.
'Superstructure': whether goods and services are felt to be useful for the world; whether the job place is felt to be meaningful to employees, etc.

Lecture 2. Principles of investment: Business conduct is in essence to maximize future cash flow and to minimize current cash flow, which is an equivalent of investment conduct. Hence, learning investment is an integral step for learning business.

Lecture 3. Prescription for turnaround: Remedy measures for recovering sound 'Basis'

Lecture 4. Path to an excellent company: Building 'Superstructure' which will cement and complement recovered 'Basis'.

Lecture 5. Corporate Governance: Collapse and decline of business/company are often attributable to lack of governance.

Lecture 6. Turnaround professionals
CFO: Governnace weapon provided by company
PE funds: Governance weapon provided by shareholders

Lecture 7. Summary: Principles of business/company

Lecture 8. In lieu of ordinary lecture, the lecturer will present in KULASIS general but detailed comments on the reports submitted by the students of the course.
成績評価の方法・観点 Class attendance 50%, Report paper 50%

Grading will be on a basis of relative asseessment as per the School's guidance.
履修要件 特になし
授業外学習(予習・復習)等 Students are encouraged to read business newspapers and magazines routinely to observe successes and problems of real companies. That way, students can better understand relevance of various concepts introduced in the classes of this course.
教科書
  • Materials are provided to students during classes