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Day 121 in MIT Sloan Fellows Class 2023, Digital Product Management 7 - "EXPERIMENT"

Today's class was a guest speaker series from Pete Koomen, visiting group partner of Y combinator and founder of Optimizely. Obama 2008 campaign Obama's $60 million dollar experiment - Optimizely There were a bunch of testing plans in Obam…

Day 120 in MIT Sloan Fellows Class 2023, M&A and PE 5 "Squeeze out"

Roche and Genentech case www.hbs.edu Franz Humer, CEO of the Roche Group, must decide whether to mount a hostile tender offer for the publicly-owned shares of Roche's biotechnology subsidiary, Genentech. The case provides opportunities to …

Day 119 in MIT Sloan Fellows Class 2023, Financial Market Dynamics and Human Behavior 3 - "Neuroscience and Decision Making"

In today's lecture, Prof Andrew Lo explained that our neuron system is hardwired to some feelings and would make our decision better and worse depending on the situation. Neuroscience of decision making Various factors actually affect our …

Day 118 in MIT Sloan Fellows Class 2023, Digital Product Management 6 - "LEAN ANALYTICS"

What is the lean analytics?Lean Analytics are used to measure progress, helping us to get clear answers quickly. In product management, it is one of the essential activities to improve your products Too Many frameworks If you look for book…

Day 117 in MIT Sloan Fellows Class 2023, M&A and PE 4 "Spin off"

Spin off basics Nowadays, a lot of companies simplify their business and improve the clarity of business. This kind of simplification through spin-off and split-off opposed to diversification has frequently been examined in the healthcare …

Day 116 in MIT Sloan Fellows Class 2023, Financial Market Dynamics and Human Behavior 2 - "Is human behaviour rational?"

Stock price has seasonality Winter Blues: A SAD Stock Market Cycle - American Economic Association There are several academic articles explaining why stock prices go down in winter and rainy days. This is a typical critique of human behavi…

Day 115 in MIT Sloan Fellows Class 2023, Digital Product Management 5 - "How technical should PM be?"

Are you technical enough for "PM", "Developer" or CEO? medium.com It is a frequently discussed question that the sufficient level of technical skillset for a good project manager. Should they dive into coding detail? Or is it OK to draw so…

Day 114 in MIT Sloan Fellows Class 2023, Leadership special seminar "Special Improvisational Leadership Workshop"

What kind of components does "improvisational leadership" contain? Adaptability Creativity Flexibility Emotional intelligence Self-regulation Empathy Relationship building Ability to think and speak "on your feet" Dexterity in navigating t…

Day 113 in MIT Sloan Fellows Class 2023, Digital Product Management 4 - "Scrum and Product Manager"

The role of product manager and Scrum www.atlassian.com Product manager is the CEO of product. He or she interprets user requirements into actual roadmap/todo-list of dev team. www.atlassian.com Scrum means the development period typically…

Day 112 in MIT Sloan Fellows Class 2023, Choice point 3 "Antigone"

Story This is one of the most famous Greek stories, and many people have already read the prequel, Oedipus. Antigone - Wikipedia Characters In this class, the professor highlighted two leading roles, Antigone and Creon. They both have powe…

Day 111 in MIT Sloan Fellows Class 2023, M&A and PE 3 "Evaluate offers and make a decision"

Anadarko case www.cnbc.com www.chron.com We studied how to evaluate different offers from multiple buyers as a shareholder/board member of target companies. Today's case is Anadarko, the middle size oil exploration company. After 2015, the…

Day 110 in MIT Sloan Fellows Class 2023, Introduction to System Dynamics 2 - "The process of modeling"

Summary of "linking" between two components In a nutshell, you put "plus" for positive causality between two variables, and put "minus" for "negative" causality. Common mistakes for causal loops When we set up a variable, the common mistak…

Day 109 in MIT Sloan Fellows Class 2023, AI for business 2 "Risk of AI"

AI would be a true threat to humans? If you are familiar with sci-fi, AI is a definitely threatening technology that potentially destroys human beings as Skynet in Terminator 2 did. But will it really happen? waitbutwhy.com The point is th…

Day 108 in MIT Sloan Fellows Class 2023, Choice point "An enemy of people"

Overview of Play www.gutenberg.org An Enemy of the People (original Norwegian title: En folkefiende), an 1882 play by Norwegian playwright Henrik Ibsen, followed his previous play, Ghosts, which criticized the hypocrisy of his society's mo…

Day 107 in MIT Sloan Fellows Class 2023, M&A and PE 2 "M&A structure and Pepsi-Quaker cases"

Type of merger Reading: Forms of Takeover: Mergers Statutory merger: In a statutory merger, the acquiring firm absorbs the assets and liabilities of the target company and the target company ceases to exist. Subsidiary merger: In a subsidi…

Day 106 in MIT Sloan Fellows Class 2023, AI for business2 "Birth of AI, definition of AI, and emerge of AI"

This course is to learn potential AI roles from various perspectives without any technical deep-dive. The goal of this course is to help you become an architect to draw a blue print. Not a builder. The failure of AI comes from typically ar…

Day 105 in MIT Sloan Fellows Class 2023, Digital Product Management 2 - "WEBVAN & Mom Test"

WEBVAN STORY Webvan - Wikipedia Webvan is a company that tried to realize last-mile delivery in the dot-com-bubble era. It developed a lot of warehouses and invested in ITs and operations. Today, we enjoy the service from InstaCart, and ba…

Day 104 in MIT Sloan Fellows Class 2023, Leadership special seminar "Leadership presence and storytelling"

We had a leadership session with Rob Salafia. The author of "Leading from your best self" Leading from Your Best Self: Develop Executive Poise, Presence, and Influence to Maximize Your Potential (English Edition) 作者:Salafia, Rob McGraw-H…

Day 103 in MIT Sloan Fellows Class 2023, Choice point "Shooting an Elephant"

What is "choice point"? Choice points are the dilemmas and decisions we face in complex situations. Navigating complex situations requires deep insight into human behaviour - your own and others' . Great art is psychologically true to the …

Day 101 in MIT Sloan Fellows Class 2023, Financial Market Dynamics and Human Behavior 1 - "Is market efficient?"

Course briefing This course develops a new perspective on the dynamics of financial markets and the roles that human psychology and the business environment play in determining the evolution of investor behavior and institutions. ( From Sy…

Day 100 in MIT Sloan Fellows Class 2023, Introduction to System Dynamics 1 - "Model and Structure"

System Dynamics is one of the famous and the most popular courses in MIT Sloan. John Sterman is a farther of System Dynamics, andJay Wright Forrester is a grand father of System Dynamics. System Dynamics | MIT Sloan www.youtube.com www.you…

Day 99 in MIT Sloan Fellows Class 2023, Digital Product Management 1 "The definition and role of product manager"

Product Manager You Are…. a janitor, essentially. | by Mat Balez | All Things Product Management | Medium The Product Manager - Background Note - Faculty & Research - Harvard Business School Two primary responsibilities A product manager h…

Day 98 in MIT Sloan Fellows Class 2023, M&A and PE "Fundamentals of M&A"

8I am taking a Merger and Acquisition class and the following textbook is the best one to study fundamental of M&A. ISE Principles of Corporate Finance 作者:Brealey, Richard,Myers, Stewart,Allen, Franklin McGraw-Hill Education Ltd Amazon T…

Day 97 in MIT Sloan Fellows Class 2023, the most stupid opinion " you can learn MBA contents on book and online contents"

Some people argue that what you learn in an MBA can be covered in a few books. I strongly oppose this opinion, which is the most stupid about MBA. stephmui.notion.site This article introduced exciting insights about the meaning of getting …

Day 95 MIT Sloan Fellows Class 2023, CSAIL Thesis defence - context for AI

Summary of ChatGPT Everyone becomes mad about ChatGPT. There are plenty of articles explaining how innovative it is and why it is disruptive. I just summarized my thoughts about ChatGPT technology in NLP context and picked up some insightf…

Day 94 MIT Sloan Fellows Class 2023, Reflection of Fall semester

I have already finished the Fall term, so I completed the half of Sloan Fellows program including the summer term. The remaining contents are IAP and the Spring term. Time flies!! My strategy I have three study pillars before coming here. …

Day 92 in MIT Sloan Fellows Class 2023, Financial Management 9, Summary of business cases and financial theories - 4

Dixons Key concepts Valuation Models Earning multiples P/E Vf/EBIT Vf/EBITDA Asset multiples BV NetWorth Liquidation Value MV/BV DCF FCFf@WACC FCFe@Re APV - equity firm + value of debt tax shields EVA - Economic Value added Comparables Oth…

Day 91 in MIT Sloan Fellows Class 2023, Leadership in seminar 2, Wrapup

Robert C. Pozen | MIT Sloan provided us a really insightful summary of leadership. Nurture your external leadership Engage with your customers Prioritize the time with your customers Build not transaction but relationship Listen to them an…

Day 90 in MIT Sloan Fellows Class 2023, Advanced Data Analytics and Machine Learning in Finance 9, Thoughts from ChatGPT

ChatGPT creates a huge phenomenon and shows potential impact of NLP model. However, many people struggle with what differentiates it from other past model and what would happen next. This article is a good summary of chat GPT if you are no…

Day 89 in MIT Sloan Fellows Class 2023, New Enterprises 9, Learnings from the final presentation

We finally finished the final presentation of New Enterprises, the most famous entrepreneurship lecture at MIT Sloan. The final assignment was the presentation for five minutes and QA for five minutes. We studied a lot about how to deliver…