Business & Technology Communication in English 2008 Kagoshima University Inamori Academy Jay A. Smith Associate Professor btce2008@bizsmith.com Welcome! Hello! Hi. Welcome. Welcome back. Greetings and felicitations Good afternoon ladies and gentleman Nice to see you. How are you doing? What’s up? Hey you! Yo! Kagoshima University © 2008, Jay A. Smith Page 2 Today’s Class Course Objectives Class Schedule & Activities Self-Introductions Evaluation Exercise Homework & Resources Kagoshima University © 2008, Jay A. Smith Page 3 Course Objectives Improved understanding and use of English business/tech. communications Increase self-confidence & comfort business and technology communications in English Build practical skills in: Kagoshima University Reading, listening & understanding Speaking, writing & presenting Informing, explaining & convincing © 2008, Jay A. Smith Page 4 Effective Communication Affects All Aspects of Business (Especially of Venture Businesses) Internal Communications Working together (meetings, conversations…) Presenting Understanding Decision-making Motivating Human Resources External Communications Kagoshima University Marketing Advertising Public Relations Finance & Investor Relations © 2008, Jay A. Smith Page 5 Class Schedule (subject to change) 5/28 6/4 6/11 6/18 6/25 7/2 7/9 7/16 (水)12:50-14:20 (水)12:50-14:20 (水)12:50-14:20 (水)12:50-14:20 (水)12:50-14:20 (水)12:50-14:20 (水)12:50-14:20 (水)12:50-14:20 ① ② ③ ④ ⑤ ⑥ ⑦ ⑧ Intro/ Self-Introductions Getting Your Point Across Casual Business Conversations Understanding Business News PR & Marketing Communication Elevator Pitches Technical Writing & Presentations Public Speaking ?[10/1](水)12:50-14:20 ⑨ Working with New Media 10/8 (水)12:50-14:20 ⑩ Formal Business Communication 10/22(水)12:50-14:20 ⑪ Business/Tech Project Plan Case Study 10/29(水)12:50-14:20 ⑫ Initial Presentation & Pitches 11/19(水)12:50-14:20 ⑬ Business/Tech Project Plan Workshop 11/26(水)12:50-14:20 ⑭ Final Plan Presentation 12/3 (水)12:50-14:20 ⑮ Final Plan Presentation 12/16(水) Office Hour: Tues: 13:30-15:00 VBL 2F Kagoshima University Final Report 電話285-3630 btce2008@bizsmith.com © 2008, Jay A. Smith Page 6 Venture Business English assets 資産 sales channel 販売ルート liabilities 責任 product プロダクト/製品 sales 販売 market 市場 marketing マーケティング application 適用 market segmentation 市場細分化 capital 重要 finance 財政/財務 idea 考え accounting 会計 control 管制 entrepreneur 起業家 administrator 管理者 stock 株 industry 企業 investor 投資家 competitor 競争相手 business model ビジネスモデル sustainable 支持できる strategy 戦略 competitive advantage 競争優位 financial analysis 財務分析 substitute product 代替製品 pro-forma 形式上 taxes 税 cash flow 現金流動 economics 経済学 innovation 革新/変革 anticipation 予想 customer 顧客 adaptation 適応 distributor ディストリビューター momentum 運動量 Kagoshima supplier University © 製造者/提供者 2008, Jay A. Smith synthesize 総合する Page 7 Self Introductions < 1 minute in ENGLISH Introduce yourself to the class Kagoshima University © 2008, Jay A. Smith Page 8 Jay Andrew Smith (45) 1963 1985 1989 1989 1990 1992 1998 Born in New Jersey, USA Rutgers Univ. (Economics経済学, Physics 物理学) Harvard Business School (MBA 1989) Moved to Tokyo (Nikkei 39,000) Management Consultant (NY, NJ, Tokyo) Venture Business (IT, Internet, email) Investment Banker (SF, LA, SV, NY, LV) Raised $400,000,000 for clients - IPOs, Private, M&A Co-founder Jefferies Venture Capital Group 2004 Kagoshima University Visiting Professor >2005 Associate Professor Kagoshima University © 2008, Jay A. Smith Page 9 Jay Andrew Smith (young < J < old) I am a U.S. born With over 18 years of experience including Educator, Advisor, Entrepreneur Working internationally (12 years in Japan) Helping companies, organizations, and people grow Venture management (internet startup in Tokyo) Management consulting (global companies: Ricoh, Dupont) Investment banking (Jeffries & Co. Raised $400,000,000) University teaching Currently Assoc. Prof Teaching Venture Business courses at Kagoshima University in a program endowed by Kyocera Corporation & KDDI founder, Kazuo Inamori Kagoshima University © 2008, Jay A. Smith Page 10 Self Introductions < 1 minute in ENGLISH Introduce yourself to the class In a way that will be helpful for you and others to work with you to get the most out of this class Kagoshima University © 2008, Jay A. Smith Page 11 Communications Strategy Why - What is your objective/goal? Who – Who is your audience? What –What do you want them to know? How – Approach, Tone, Format When – Time, how long, how often Where – Location, mode (online, real) SO? - Did it make a difference? Kagoshima University © 2008, Jay A. Smith Page 12 Evaluation Reading & Understanding Listening & Understanding Writing & Informing/Convincing Speaking & Informing/Convincing Kagoshima University © 2008, Jay A. Smith Page 13 Evaluation – Reading & Understanding Japan Times Kagoshima University © 2008, Jay A. Smith Page 14 Evaluation – Listening & Understanding Japan Times Kagoshima University © 2008, Jay A. Smith Page 15 Evaluation – Writing & Informing/Convincing Explain how to ride a bicycle in 100 words or less. Kagoshima University © 2008, Jay A. Smith Page 16 Communications Strategy Why - What is your objective/goal? Who – Who is your audience? What –What do you want them to know? How – Approach, Tone, Format When – Time, how long, how often Where – Location, mode (online, real) SO? - Did it make a difference? Kagoshima University © 2008, Jay A. Smith Page 17 Homework Writing: Doing: Personal Business Card Creation Reading: Answer Mary Oliver’s question in <500 words Kazuo Inamori: Passion For Success xi, 4-7 21_21 Design Sight 9-14 Watching (video.google or youtube.com) : Charlie Rose www.charlierose.com Inside the Actors Studio Email to: btce2008@bizsmith.com by 6/3 Kagoshima University © 2008, Jay A. Smith Page 18 Big Question #1 What is it you plan to do with your one wild and precious life? -- Mary Oliver American Poet Kagoshima University © 2008, Jay A. Smith Page 19 Homework Assignment Design your own personal business card “Life Meishi” My Business Card Kagoshima University 1. Your Name (as you want it) - Nickname (optional) 2. Title (life position) 3. Purpose statement 4. Ideal living place(s) 5. Identifying email address 6. Anything else important - Logo - Website - Business Name - Cool Phone Number © 2008, Jay A. Smith Page 20 Homework Assignment Design your own personal business card SAMPLE Jay Andrew Smith International Educator Promoting Growth And Understanding Around the World New York + San Francisco + Chiran + Brugge jay@soulproprietor.us Kagoshima University © 2008, Jay A. Smith Page 21 Suggested Resources www.venturesmith.us WWW Kagoshima University International Association of Business Communicators www.iabc.com Inc. Magazine www.inc.com Business 2.0 Magazine www.business2.com Silicon Valley News www.siliconvalley.com USA Today newspaper www.usatoday.com Japan Times newspaper www.japantimes.co.jp New York Times newspaper www.nytimes.com Wall Street Journal newspaper www.wsj.com Wall Street Journal’s Venture Website www.startupjournal.com Economist Magazine (UK) www.economist.com Bloomberg financial news www.bloomberg.com CNN www.cnn.com MSNBC www.msnbc.com National Public Radio www.npr.org Comic strips www.gocomics.com Youtube www.youtube.com Google video video.google.com Berkeley Center for Entrepreneurship & Technology cet.berkeley.edu/Teaching/LectureSeries.html www.answers.com www.worldlingo.com www.ieee.org www.acm.org © 2008, Jay A. Smith Page 22 www.MakingMeaning.Org 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. Accomplishment Beauty Community Creation Duty Enlightenment Freedom Harmony Justice Oneness Redemption Security Truth Validation Wonder Kagoshima University © 2008, Jay A. Smith Page 23 Movies/DVDs (American/British movies with English subtitles) Pay It Forward (Kevin Spacey) Big Kahuna (ビッグ・チャンス)(Kevin Spacey) Glengarry Glenn Ross (Kevin Spacey) Being There (チャンス) (Peter Sellers) Wall Street (Michael Douglas) World According to Garp (Robin Williams) Kagoshima University © 2008, Jay A. Smith Page 24 Class 2 Getting Your Point Across Getting your point across Communication does not occur until the listener/reader understands what you are communicating. www.eigosmith.info Evaluation Results - Challenges Reading Writing Listening to native at native speed Speaking … Kagoshima University © 2008, Jay A. Smith Page 26 Evaluation Results - Challenges Listening to native at native speed Speakers vs. listeners (Related to blood type?) http://esl.about.com/od/englishlistening/English_Listening_Skills_and_Acti vitiesEffective_Listening_Practice.htm Text-to-speech website http://free-translator.imtranslator.net/speech.asp DVD listening, first with ENGLISH subtitles Music listening with lyrics, karaoke Kagoshima University www.lyricsfreak.com © 2008, Jay A. Smith Page 27 Speaking: How to get your point across in 30 seconds or less – Milo O. Frank Objective Listener Approach Hook Subject Ask for it Kagoshima University © 2008, Jay A. Smith Page 28 Objective - Why What is your goal for the communication? Just ONE objective at a time 5 minutes = 10 x 30 seconds Is it clear to you? Kagoshima University You don’t always have to state it to the listener © 2008, Jay A. Smith Page 29 Listener – Whom With whom will you communicate? Is it the right person? the one who can get it done What is the person’s background, what are his/her objectives/role? What motivates this person, what is important to him/her? Kagoshima University © 2008, Jay A. Smith Page 30 Approach – Key Point / Persuading Idea Single idea or sentence that will lead to your objective Kagoshima University Supports your objective Gives focus to your conversation Considers needs of your listener © 2008, Jay A. Smith Page 31 Hook – Attention Getter Used to get attention Headline or catch-phrase Most unique, interesting part of your subject Supports your objective Examples: Kagoshima University “What not to do in bed” (pg. 47) “Extinction is forever” © 2008, Jay A. Smith Page 32 Promotion How we communicate about our company and our products to our customers and to the world to advance our business Kagoshima University © 2008, Jay A. Smith Page 33 Promotion - Advertising Kagoshima University © 2008, Jay A. Smith Page 34 Promotion Message Strategy Kagoshima University © 2008, Jay A. Smith Page 35 Humor to make a point Kagoshima University © 2008, Jay A. Smith Page 36 Subject Main content Who, what, where, when, why & how Explains and reinforces objective Relates to listener and fits approach Kagoshima University © 2008, Jay A. Smith Page 37 Ask for it – The Close Call to action or reaction Action: ask directly to agree/act on next step Reaction: “soft-sell” - no specific request made…listener moves on his/her own based on motivation from conversation Movie: Glengarry Glen Ross Kagoshima University “Always Be Closing” © 2008, Jay A. Smith Page 38 Homework Writing: 80 words or less You should (or should not) support nuclear power because… (send by email by 6/10) Reading: Handouts: economist.com Websites: about.com Speaking http://esl.about.com/od/englishlistening/English_Listening_Skills_and_Activit iesEffective_Listening_Practice.htm Read articles/editorials/letters to the out loud Voice recorder Bring 20 copies of your life meishi Kagoshima University © 2008, Jay A. Smith Page 39 Evaluation – Speaking & Informing/Convincing Why is 2008 better 2008 or worse than …? 2000 1980 1950 1900 1800 Overall Population Transportation Communication Education Entertainment Manufacturing Kagoshima University © 2008, Jay A. Smith Page 40 “The Stone Age didn’t end because they ran out of stones.” 石器時代はそれらが石を使い果たしたので終わらなかった --------------Analog Age------------------------------------- Digital Age control Bio Gene Age Age organic energy transfer material Stone Bronze Age Age -2000 -4000 energy Electrical Electronic Quantum Age Age? Age Mechanical Age Animal Power • 動物 • 人間 Solar Power • sun • wind • plants • fire Kagoshima University Plastics Age 0 Nano Age? 1800 1900 2000 Oil Power network Nuclear Power Solar Power? Wired -> Wireless Page 41 speed of change is accelerating © 2008, Jay A. Smith Class 3 Casual Business Conversations Kagoshima University © 2008, Jay A. Smith Page 42 For/Against Nuclear Power I think that we should not support nuclear power. because nuclear power is militarily used as unclear weapons. But then, it (atomic energy) is peacefully used as nuclear plants, and represents more than 30% of amount of powers. There are many problems about nuclear power, for example, economic sanctions, security of energy and military, environmental and resources problem and so on. Especially, nuclear power as nuclear weapons has risk of life. For all the people live peacefully, should not we have and made nuclear power? Kagoshima University © 2008, Jay A. Smith Page 43 For/Against Nuclear Power I think that we should not support nuclear power. Because nuclear power is militarily used as unclear weapons. But then, it (atomic energy) is peacefully used as nuclear plants, and represents more than 30% of amount of powers. There are many problems about nuclear power, for example, economic sanctions, security of energy and military, environmental and resources problem and so on. Especially, nuclear power as nuclear weapons has risk of life. For all the people live peacefully, should not we have and made nuclear power? Kagoshima University © 2008, Jay A. Smith Page 44 For/Against Nuclear Power I think we should use nuclear power because we use too much fossil fuels. Actually nuclear power has some problems with the way of generating. For example, it generates ultra violet and it's difficult to treat a radioactive substance. In this respect, we must not forget the nuclear power is dangerous. But if we use it correctly, it will help us solve some problems about generating electric power. Kagoshima University © 2008, Jay A. Smith Page 45 For/Against Nuclear Power I think we should use nuclear power because we use too much fossil fuels. It is true that nuclear power has some dangers because of radioactive substances involved. However if we use it correctly, it will help us solve some problems about generating electric power. Unanswered/unstated questions/issues/assumptions: Are there other power options beyond nuclear and fossil? Can we be sure to use it correctly/safely? Kagoshima University © 2008, Jay A. Smith Page 46 For/Against Nuclear Power I think we should support peaceful uses of atomic energy. There are two reasons. First, It is necessary to supply a clean, safe energy to all the people on the earth for the sustainable future. The supply of energy that relies on the fossil fuel has brought us the crisis of the oil dryness and the crisis of the environment. Next, It is understood that the nuclear power energy is safe if neatly operated. However, the risk of nuclear proliferation and the nuclear terrorism increases at the same time as expanding the use of the nuclear power energy. So, I think that the appeal to controls military use is our duty. I am man in peaceful city Nagasaki. Kagoshima University © 2008, Jay A. Smith Page 47 For/Against Nuclear Power I think we should support peaceful uses of atomic energy. There are two reasons. Next, It is understood that the nuclear power energy is safe if neatly operated. However, the risk of nuclear proliferation and the nuclear terrorism increases at the same time as expanding the use of the nuclear power energy. First, It is necessary to supply a clean, safe energy to all the people on the earth for the sustainable future. The supply of energy that relies on the fossil fuel has brought us the crisis of the oil dryness and the crisis of the environment. So, I think that the appeal to controls military use is our duty. I am man in peaceful city Nagasaki. Kagoshima University © 2008, Jay A. Smith Page 48 Nuclear Power, Climate Change Democrats on Nuclear Power http://jp.youtube.com/watch?v=TjDmyToTYBE Climate Change Kagoshima University Sir David Attenborough http://uk.youtube.com/watch?v=S9ob9WdbXx 0&amp;feature=related What’s the Worst that can happen? http://uk.youtube.com/watch?v=zORv8wwiad Q&feature=related Pascal’s Wager © 2008, Jay A. Smith Page 49 Kagoshima University © 2008, Jay A. Smith Page 50 Kagoshima University © 2008, Jay A. Smith Page 51 Kagoshima University © 2008, Jay A. Smith Page 52 Kagoshima University © 2008, Jay A. Smith Page 53 Pyramid Principle (by Barbara Minto) Pyramid based on inductive and/or deductive thinking SCQ(A) Framework Benefits: Kagoshima University Situation Complication Question (Answer) © 2008, Jay A. Smith Comprehensive Clear Concise Page 54 Casual Business Conversations Chatting – Small talk Discussing Brainstorming Informing Explaining Persuading/Convincing Debating/Arguing Kagoshima University “Playing devil’s advocate” © 2008, Jay A. Smith Page 55 Casual Business Conversations Chatting – Small talk Office Discussion Discussing Brainstorming Pay (It) Forward Whose Line Prop Ideas Informing Explaining Who's On First Persuading/Convincing Debating/Arguing Kagoshima University “Playing devil’s advocate” Job Interview 7 x 13 = 28 (Business) Argument Clinic © 2008, Jay A. Smith Page 56 Conversations & Comic Strips Non Sequitur 10/2/2007 • Dialogue, discussion, argument • Sarcasm/structure Kagoshima University © 2008, Jay A. Smith www.gocomics.com www.snoopy.com www.dilbert.com www.doonesbury.com Page 57 Small Talk - Conversation Starters What do you do? What are you studying/researching? handouts Kagoshima University © 2008, Jay A. Smith Page 58 Interviews – on Youtube Famous U.S. Interview Shows: Inside the Actors Studio movie stars Tonight Show famous people 60 Minutes famous news interviews Larry King Live famous people Chris Matthews – Hardball politicians Other interviews: Kagoshima University Bill Gates & Steve Jobs together Stephen Hawking Interviews David Frost and Richard Nixon Dick Cavett Interviews John Lennon and Yoko Ono Seiji Ozawa and Herbert von Karajan © 2008, Jay A. Smith Page 59 Youtube Clips Classic Information Conversation Classic Convincing Conversation Abbott & Costello Who's On First Monty Python Ministry of S.W. Interview Abbott & Costello 7 x 13 = 28 (Navy) Abbott & Costello 7 x 13 = 28 (Business) Classic Argument Kagoshima University Monty Python Argument Clinic Monty Python Pet Store - Dead Parrot © 2008, Jay A. Smith Page 60 U.S. News Websites www.nbcnews.com www.cbsnews.com www.abcnews.com www.foxnews.com www.cnn.com www.npr.org www.c-span.org Kagoshima University © 2008, Jay A. Smith Page 61 Movies/DVDs (American/British movies with English subtitles) Pay It Forward (Kevin Spacey) Big Kahuna (ビッグ・チャンス)(Kevin Spacey) Glengarry Glenn Ross (Kevin Spacey) Being There (チャンス) (Peter Sellers) Wall Street (Michael Douglas) World According to Garp (Robin Williams) Kagoshima University © 2008, Jay A. Smith Page 62 Homework Homework requests: Put your Name/Task in the FileName (Tanaka-Oliver.doc) Put the word “homework” in email subject: Subject: BTCE homework 6/11 Writing: (for next Wednesday) What did you do this week (week of 6/9-6/15)? What did you accomplish this week? (week of 6/9-6/15)? Listening: practice listening from youtube, DVDs, other links Readings: gocomics.com…find a favorite U.S. comic strip Read and answer Business Vocabulary questions: 1.1, 1.2, 1.3, 2.1, 2.2 Speaking: Kagoshima University Call me and either talk to me or leave voicemail for 30-60 seconds about something interesting you did this week. cellphone: 080-5095-8777 © 2008, Jay A. Smith Page 63 Brain Relaxation Exercise First person says category Throws the ball Catcher has to say item quickly Throws the ball to anyone Catcher has to say item quickly Throws the ball to anyone Can’t repeat Can’t lose rhythm If misses timing or repeats…start new topic IN ENGLISH Kagoshima University © 2008, Jay A. Smith Page 64 Class 4 Understanding Business News Kagoshima University © 2008, Jay A. Smith Page 65 Prior Homework Writing: (for next Wednesday) What did you do this week (week of 6/9-6/15)? What did you accomplish this week? (week of 6/9-6/15)? Listening: practice listening from youtube, DVDs, other links Readings: gocomics.com…find a favorite U.S. comic strip Read and answer Business Vocabulary questions: 1.1, 1.2, 1.3, 2.1, 2.2 Speaking: Kagoshima University Call me and either talk to me or leave voicemail for 30-60 seconds about something interesting you did this week. cellphone: 080-5095-8777 © 2008, Jay A. Smith Page 66 What did you do this week? I performed an experiment and study of the superconductor at a university from 9th to 13th. Unfortunately I caught a cold from 14th to 15th, and it was not possible to like oneself on the weekend. However, I enjoyed to see an American drama(prison break) while I caught a cold. I want to enjoy study and entertainment this week. I performed an experiment studying a superconductor at the university from the 9th to 13th. Unfortunately I caught a cold from the 14th to 15th, and it was not possible to enjoy myself on the weekend. However, I enjoyed watching an American drama (Prison Break) while I had a cold. I want to enjoy studying and entertainment this week. Kagoshima University © 2008, Jay A. Smith Page 67 What did you accomplish this week? I acquired taking a picture with the single lens reflex camera. I took the photograph with the single lens reflex camera for the first time learning from the friend last Saturday night. Up to now, I had taken the photograph only with the digital camera. So the manual operation was difficult for me. In the adjustment of diaphragm and the white balance, the same subject reflected in various situations. That was very interesting! We kept taking small articles in the laboratory, the friend and the night view it rained. Time was forgotten and it took a picture until the morning. The next day I overslept... Kagoshima University © 2008, Jay A. Smith Page 68 What did you accomplish this week? I accomplished acquired taking a picture with a single lens reflex camera. I took a photograph with a single lens reflex camera for the first time learning from a friend last Saturday night. Up to now, I had taken the photograph only with a digital camera. So the manual operation was difficult for me. By adjustment of the diaphragm and the white balance, the same subject (reflected) various (situations.) That was very interesting! We kept taking pictures of small articles in the laboratory, and my friend and the night view as it rained. Time was forgotten and we took pictures until the morning. The next day I overslept... Kagoshima University © 2008, Jay A. Smith Page 69 What did you do this Week? Last week, I was listening to music chiefly when I was in my home. Using youtube, I was anxious about one music. So I bought music CD about this music using Amazon.co.jp. I had used this shop several time up to now. But this time, I changed how to pay price. So far, I had paid with price substitution. Last week, I tried to paying in convenience store, when I used Amazon. After ordering music CD, I get E-mail from Amazon. And in this mail, order ID was written. I forward this mail to my cell phone, and went to Family Mart near my home. In Family Mart, I input order number to Fami-Port, and I get order seat from this. After this, going to cash register, I paid money of order of music CD. I think it is very easy thing. But when we do something first time, we may be puzzled. So I think this experience is precious. And I studied about new social mechanism. Kagoshima University © 2008, Jay A. Smith Page 70 What did you do this Week? Last week, I was listening to music (chiefly) when I was (in my) home. Using youtube, I was (anxious) about one song(music.) So I bought the music CD about this music using Amazon.co.jp. I had used this shop several times. up to now. But this time, I changed how to pay. price. So far, I had paid with price (substitution). Last week, I tried to paying in convenience store, when I used Amazon. After ordering themusic CD, I got an E-mail from Amazon. And in this mail, the order ID was written. I forward this mail to my cell phone, and went to a/the Family Mart near my home. At Family Mart, I input the order number to Fami-Port, and I got an order sheet. from this. After this, I went to the cash register and paid money for the CD. I think it is a very easy thing. But when we do something for the first time, we may be puzzled. So I think this experience is (precious.) And I learned (studied) about a new social mechanism. Kagoshima University © 2008, Jay A. Smith Page 71 Work & Jobs Handout Preposition choices Verb Tense Verbals Gerunds (verb as noun) Participles (verb as adjective) http://owl.english.purdue.edu/owl/printable/627/ Comprehension Kagoshima University © 2008, Jay A. Smith Page 72 Business News & Information News and/or Information Sources Channel Audience Content Structure Meaning Kagoshima University © 2008, Jay A. Smith Page 73 Sources – each has its own goal Media Company TV, Newspaper, Magazine, Radio, Internet Press releases, brochures, website, reports Other Companies Employees (current, former, union) Customers Government Investors, industry analysts, experts Kagoshima University © 2008, Jay A. Smith Page 74 Company-Based Sources Brochure Website Product literature, packaging Advertisements (tv, magazine, web) Press releases (news releases) Public events Financial reports Kagoshima University © 2008, Jay A. Smith Page 75 Media Print Broadcast Newspaper Magazines/Journals TV Radio Internet Kagoshima University Print/Broadcast/Multimedia Global Never Dies (archive/searchable) © 2008, Jay A. Smith Page 76 Print Media Medium Japan U.S. U.K. National Newspaper Yomiuri, Asahi, Mainichi New York Times, Washington Post, USA Today The Times, Guardian, Independent Financial Newspaper Nihon Keizai Nikkan Kogyo Wall Street Journal Financial Times Regional Newspaper Minami Nihon Shimbun New York Post, Chicago Sun-Times, Ballymoney & Moyle Times (800 local papers) Sensational/ Sports Papers Nikkan Sports National Enquirer Newswire Kyodo Tsushin AP, Bloomberg, Knight-Ridder Reuters AFP (France) BusinessWeek, Forbes, Barrons Economist Business Magazine Trade Papers Kagoshima University & Magazines President ? Nikkei BP New Orleans Times-Picayune Women’s Wear Daily のじ Weekly ? Variety 築地 ©Daily 2008, News Jay A. Smith Page 77 “The Internet Changes Everything” Company Websites (homepages) Informational Transactional Email Blogs (fake steve jobs) Industry/Association Media (news cycle) Consumer Emergency (eg.: UCSD.edu) Wikipedia My.yahoo Search engines Government Kagoshima University © 2008, Jay A. Smith Page 78 Suggested Resources www.eigosmith.info WWW Kagoshima University International Association of Business Communicators www.iabc.com Inc. Magazine www.inc.com Business 2.0 Magazine www.business2.com Silicon Valley News www.siliconvalley.com Economist Magazine (UK) www.economist.com USA Today newspaper www.usatoday.com Japan Times newspaper www.japantimes.co.jp New York Times newspaper www.nytimes.com Wall Street Journal newspaper www.wsj.com Wall Street Journal’s Venture Website www.startupjournal.com Nihon Keizai Shimbun www.nikkei.co.jp Bloomberg financial news www.bloomberg.com Kyodo Tsushin www.kyodo.co.jp AP News www.ap.org Reuters www.reuters.com CNN www.cnn.com MSNBC www.msnbc.com National Public Radio www.npr.org www.ieee.org www.acm.org My.yahoo.com © 2008, Jay A. Smith Page 79 U.S. News Websites www.nbcnews.com www.cbsnews.com www.abcnews.com www.foxnews.com www.cnn.com www.npr.org www.c-span.org Kagoshima University © 2008, Jay A. Smith Page 80 News Story Format Headline: “Students Learn English” Lead: 1-2 sentences of key points Body: 5Ws & H, sometimes So? Most important Least important Kagoshima University © 2008, Jay A. Smith Page 81 News Style “Inverse Pyramid” Chronological: A faculty meeting was held on Monday in Room 10-250 at 3:00. There were about 150 people in attendance. The meeting opened with a welcome by Professor John Doe. Professor Jane Smith then read the minutes of the May meeting. Following that, President Charles Vest announced that all MIT employees will receive a new car on reaching their 20th anniversary of employment. 'Inverse pyramid' (preferable): All MIT employees will receive a new car on reaching their 20th anniversary of employment, President Charles Vest told a startled faculty on Monday. Vest made the surprise announcement in the middle of the faculty meeting in Room 10-250. Overview & Highlights http://web.mit.edu/newsoffice/write-news.html Kagoshima University © 2008, Jay A. Smith Page 82 Homework Writing: (for next Wednesday) Write a short news story about a recent event in Japan. www.cbsnews.com www.npr.org www.economist.com Readings: http://web.mit.edu/newsoffice/write-news.html Watching/Listening: Headline – Lead – Body structure Read Kikkoman & Judge/Jury news articles from Nikkei Weekly Speaking: Kagoshima University Call a friend and either talk to me or leave voicemail for 30-60 seconds about something newsworthy you did this week. © 2008, Jay A. Smith Page 83 Class 5 Advertising, PR (Public Relations) & Marketing Communications Kagoshima University © 2008, Jay A. Smith Page 84 Past Homework Writing: (for next Wednesday) Write a short news story about a recent event in Japan. www.cbsnews.com www.npr.org www.economist.com Readings: http://web.mit.edu/newsoffice/write-news.html Watching/Listening: Headline – Lead – Body structure Read Kikkoman & Judge/Jury news articles from Nikkei Weekly Speaking: Kagoshima University Call a friend and either talk to me or leave voicemail for 30-60 seconds about something newsworthy you did this week. © 2008, Jay A. Smith Page 85 Promotion How we communicate about our company and our products to our customers and to the world to advance our business Kagoshima University © 2008, Jay A. Smith Page 86 Part of “Marketing Mix” (4Ps) Product (what do we make) Place (where do we sell it) Price (how much we sell it for) Promotion (how we communicate about it/us) Kagoshima University © 2008, Jay A. Smith Page 87 Promotion Advertising Push (direct mail, email) Is each customer readily identifiable? Pull (TV, radio, poster, newspaper, some banner ad) Can’t readily identify individual customers Internet can be push or pull Chirashi? Public Relations (target: media, customers…) Investor Relations (target: investors, business media) Kagoshima University © 2008, Jay A. Smith Page 88 Promotion - Advertising Kagoshima University © 2008, Jay A. Smith Page 89 Product Positioning Advertisement Kagoshima University © 2008, Jay A. Smith Page 90 Promotion & Market Segmentation Promotion Media Direct Mail Taro Tanaka Overweight, Athletic, Beer-Drinking Men, Who care about their figure Overweight, Athletic, Beer-Drinking Men Overweight Athletic Men Overweight Men Kagoshima University Men People © 2008, Jay A. Smith Fitness Magazine Targeted Poster Football Broadcast Train Poster Night TV TV Page 91 Sales/Buying Cycle Awareness => Interest => Trial => Purchase => Repurchase Hear About Curious Try Buy Use Again This Exists Educate Test Use it Keep Buying Kagoshima University © 2008, Jay A. Smith Page 92 Industry/Market Life-Cycle SALES Awareness Interest Trial Purchase Repurchase Emerging Kagoshima University Growing TIME Maturing © 2008, Jay A. Smith Declining Page 93 Emerging Industry New market Unproven Little market info Future uncertain First-time buyers Know-how developing Technology changing “Rules” not set Structure unsettled Kagoshima University © 2008, Jay A. Smith Page 94 Technology Adoption Life Cycle Financial Services Academics Tech. Fans Innovators Early Adopters Main Market Early Majority Late Majority Laggards Time Examples- Internet Kagoshima University Geoffrey Moore, Crossing the Chasm © 2008, Jay A. Smith Page 95 Public Relations (PR) Brands are created by PR, not by advertising Why PR: Faster (broader reach) Cheaper (Nikkei ad/article) Word of mouth / Buzz Outside “expert, approver” IPO as PR event Advertising used to maintain brands Kagoshima University © 2008, Jay A. Smith Page 96 Advertising vs. PR Advertising Paid Placement Guaranteed placement Creative and content control Viewed as ad/selling Longer life Kagoshima University Public Relations Free Placement Uncertain coverage Little/no control over final content Viewed as information Short life (newsy) © 2008, Jay A. Smith Page 97 PR Tools Press Release / News Release Press Kits (backgrounders) Press Conferences Presentations & Speeches Public Appearances Public, Private Events / Sponsorships Kagoshima University © 2008, Jay A. Smith Page 98 The Press Release Written by company or its PR firm Distributed to media (and internet) Goals: Kagoshima University get media to create news story about it help “manage” company information legal requirements for public company © 2008, Jay A. Smith Page 99 Contact Info Event Info Product Info Quote Quote Company Info Kagoshima University © 2008, Jay A. Smith Page 100 Press Releases Yahoo Press Releases http://yhoo.client.shareholder.com/press/releases.c fm Google alternative energy press release http://news.yahoo.com/s/ap/20071127/ap_on_hi_te /google_green_power_6;_ylt=AsBR91dtTCBHS 4QtmOsicoAE1vAI Press release newswire service http://www.prnewswire.com/ Kagoshima University © 2008, Jay A. Smith Page 101 Local Community Targeted Public Relations Activity/Event Kagoshima University © 2008, Jay A. Smith Page 102 Media Focused Public Relations Event Kagoshima University © 2008, Jay A. Smith Page 103 Kagoshima University © 2008, Jay A. Smith Page 104 Kagoshima University © 2008, Jay A. Smith Page 105 Kagoshima University © 2008, Jay A. Smith Page 106 Kagoshima University © 2008, Jay A. Smith Page 107 Kagoshima University © 2008, Jay A. Smith Page 108 Kagoshima University © 2008, Jay A. Smith Page 109 Kagoshima University © 2008, Jay A. Smith Page 110 Kagoshima University © 2008, Jay A. Smith Page 111 Media Relations Typical: PR or Communications Dept. Works best if: Centralized person/group for all media Works with others in company Close relationship with CEO and good working relationship with management team Good relationship with the press (media) Good News & Bad News Crisis Management (worst news) Kagoshima University © 2008, Jay A. Smith Page 112 Crisis Management When bad news happens Talk to EVERYONE involved at company Get the truth out to the public Frame response/strategy Talking points NO SPIN Internal announcement Work the story Begin rebuilding Kagoshima University © 2008, Jay A. Smith Page 113 Homework Writing: (for next Wednesday) Watching/Listening/Reading: Take your news story topic, write a press release as if you were the company or organization involved in the event or product discusses. www.ManageYourWriting.com http://advertising.about.com/ http://advertising.about.com/od/smallbusinesscampaigns/u/smallbu siness.htm www.prnewswire.com www.ketchum.com www.infocomgroup.com/ME2/Default.asp (PR Professionals) www.prwatch.org Speaking: Kagoshima University Marketing Tounge Twister: “She sells seashells by the seashore” © 2008, Jay A. Smith Page 114 Class 6 Professional Writing Kagoshima University © 2008, Jay A. Smith Page 115 Class Schedule (subject to change) 5/28 6/4 6/11 6/18 6/25 (水)12:50-14:20 (水)12:50-14:20 (水)12:50-14:20 (水)12:50-14:20 (水)12:50-14:20 ① ② ③ ④ ⑤ Intro/ Self-Introductions Getting Your Point Across Casual Business Conversations Understanding Business News PR & Marketing Communication 7/2 (水)12:50-14:20 ⑥ Elevator Pitches 7/9 (水)12:50-14:20 ⑦ Technical Writing & Presentations 7/16 (水)12:50-14:20 ⑧ Public Speaking [10/1](水)12:50-14:20 ⑨ Working with New Media 10/8 (水)12:50-14:20 ⑩ Formal Business Communication 10/22(水)12:50-14:20 ⑪ Business/Tech Project Plan Case Study 10/29(水)12:50-14:20 ⑫ Initial Presentation & Pitches 11/19(水)12:50-14:20 ⑬ Business/Tech Project Plan Workshop 11/26(水)12:50-14:20 ⑭ Final Plan Presentation 12/3 (水)12:50-14:20 ⑮ Final Plan Presentation 12/16(水) Office Hour: Tues: 13:30-15:00 VBL 2F Kagoshima University Final Report 電話285-3630 btce2008@bizsmith.com © 2008, Jay A. Smith Page 116 Class Schedule (subject to change) 5/28 6/4 6/11 6/18 6/25 (水)12:50-14:20 (水)12:50-14:20 (水)12:50-14:20 (水)12:50-14:20 (水)12:50-14:20 ① ② ③ ④ ⑤ Intro/ Self-Introductions Getting Your Point Across Casual Business Conversations Understanding Business News PR & Marketing Communication 7/2 (水)12:50-14:20 ⑥ Professional Correspondence 7/9 (水)12:50-14:20 ⑦ Science & Technology Writing 7/16 (水)12:50-14:20 ⑧ Working With New Media [10/1](水)12:50-14:20 ⑨ Public Speaking 10/8 (水)12:50-14:20 ⑨ Public Speaking 10/15(水)12:50-14:20 ⑩ Elevator Pitches 10/29(水)12:50-14:20 ⑪ Business/Tech Project Plan Case Study 11/5 (水)12:50-14:20 ⑫ Initial Presentation 11/19(水)12:50-14:20 ⑬ Business/Tech Project Plan Workshop 11/26(水)12:50-14:20 ⑭ Final Plan Presentation 12/3 (水)12:50-14:20 ⑮ Final Plan Presentation (continued) 12/5? Cocktail Party Exercise Office Hour: 12/11(木) Tues: 13:30-15:00 VBL 2F Kagoshima University Final Report 電話285-3630 Due btce2008@bizsmith.com © 2008, Jay A. Smith Page 117 Homework Writing: (for next Wednesday) Watching/Listening/Reading: Take your news story topic, write a press release as if you were the company or organization involved in the event or product discusses. www.ManageYourWriting.com http://advertising.about.com/ http://advertising.about.com/od/smallbusinesscampaigns/u/smallbu siness.htm www.prnewswire.com www.ketchum.com www.infocomgroup.com/ME2/Default.asp (PR Professionals) www.prwatch.org Speaking: Kagoshima University Marketing Tounge Twister: “She sells seashells by the seashore” © 2008, Jay A. Smith Page 118 Contact Info Event Info Product Info Quote Quote Company Info Kagoshima University © 2008, Jay A. Smith Page 119 Kagoshima University © 2008, Jay A. Smith Page 120 Kagoshima University © 2008, Jay A. Smith Page 121 Purpose of Business Writing Convey information Deliver good or bad news Explain of justify actions taken Influence reader to take action Direct action Kagoshima University © 2008, Jay A. Smith Page 122 Specific Reasons for Many Business Documents to to to to to to inform explain confirm remind follow up formalize decisions to express thanks to apologize to congratulate to invite or welcome to introduce a person or policy to recommend to reject a proposal or offer to request to persuade To direct or command Kagoshima University © 2008, Jay A. Smith Page 123 Harvard Business School on: Effective Business Writing for: Memos Inside of Company Letters Outside of Company manager «» employee staff «» staff business «» business business «» customer business «» shareholder job applicant «» company Email Messages / Distribution Method Kagoshima University © 2008, Jay A. Smith Page 124 SAMPLE BUSINESS LETTER FORMAT Kagoshima University © 2008, Jay A. Smith Page 125 Harvard Business School on: Good Business Writing Have A Purpose Clear Be Audience Focused Make Your Message Clear Keep Focused on Topic Be Concise Use Simple Sentences Make Delivery Strategic (Who, When, How) Kagoshima University © 2008, Jay A. Smith Page 126 Malcom Forbes on: How to Write a Business Letter Know what you want (to accomplish) Dive right in - Tell what your letter is about in the first paragraph Write so it is enjoyable for the reader (customer) Be positive Be nice Be natural Be specific Be interesting (sense use humor – be careful about this) Use more nouns and verbs than adjectives Use active voice, not passive voice Make the letter look good – format, spelling, grammar Keep it short Be honest, don’t exaggerate Be clear End with action statement and simple close Kagoshima University © 2008, Jay A. Smith Page 127 Kagoshima University © 2008, Jay A. Smith Page 128 Kagoshima University © 2008, Jay A. Smith Page 129 Kagoshima University © 2008, Jay A. Smith Page 130 Homework Write a cover letter in English to apply for a job in a U.S. or U.K. company where you may want to work. Check their website to see if there are jobs available (or make one up if no jobs are posted) Extra Credit: Write a letter to Prime Minister Fukuda recommending that he take some action to improve Japan. Email to btce2008@bizsmith.com by 7/8 Kagoshima University © 2008, Jay A. Smith Page 131 Cover Letters Keep it brief. Usually about four paragraphs: 1. 2. 3. 4. Introduce yourself and explain why you’re writing. Lay out your key, related skills and accomplishments. Explain why you want to work for the company. Thank the reader, invite him to contact you or write your follow-up plans. Personalize. Address your letter to a specific person. (Make sure the spelling is correct.) Avoid generic greetings such as "To Whom It May Concern" or "Dear Sir or Madam". Sell your skills. Don’t just rehash your resume. Highlight the skills that are most relevant. Illustrate how they relate to the position. Be clear. Be direct (but not pushy); write clearly and concisely. Don’t make the reader guess why you’re writing or how your skills match the position. Be proactive. State how you can be reached and be specific about your plans for follow-up. Once you've said it, do it; follow through. Review carefully. Double-check for typos; don’t rely on spell-check. Ask a friend to look it over. Make your changes and review again. Kagoshima University © 2008, Jay A. Smith Page 132 Class 6 Science & Technology Writing Correspondence Science & Technology Writing for general audience Technical Writing (manuals, instructions) Reports and Journal Papers Kagoshima University © 2008, Jay A. Smith Page 133 Class Schedule (subject to change) 5/28 6/4 6/11 6/18 6/25 (水)12:50-14:20 (水)12:50-14:20 (水)12:50-14:20 (水)12:50-14:20 (水)12:50-14:20 ① ② ③ ④ ⑤ Intro/ Self-Introductions Getting Your Point Across Casual Business Conversations Understanding Business News PR & Marketing Communication 7/2 (水)12:50-14:20 ⑥ Professional Correspondence 7/9 (水)12:50-14:20 ⑦ Science & Technology Writing 7/16 (水)12:50-14:20 ⑧ Working With New Media [10/1](水)12:50-14:20 ⑨ Public Speaking 10/8 (水)12:50-14:20 ⑨ Public Speaking 10/15(水)12:50-14:20 ⑩ Elevator Pitches 10/29(水)12:50-14:20 ⑪ Business/Tech Project Plan Case Study 11/5 (水)12:50-14:20 ⑫ Initial Presentation 11/19(水)12:50-14:20 ⑬ Business/Tech Project Plan Workshop 11/26(水)12:50-14:20 ⑭ Final Plan Presentation 12/3 (水)12:50-14:20 ⑮ Final Plan Presentation (continued) 12/5? Cocktail Party Exercise Office Hour: 12/11(木) Tues: 13:30-15:00 VBL 2F Kagoshima University Final Report 電話285-3630 Due btce2008@bizsmith.com © 2008, Jay A. Smith Page 134 Homework Write a cover letter in English to apply for a job in a U.S. or U.K. company where you may want to work. Check their website to see if there are jobs available (or make one up if no jobs are posted) Extra Credit: Write a letter to Prime Minister Fukuda recommending that he take some action to improve Japan. Email to btce2008@bizsmith.com by 7/8 Kagoshima University © 2008, Jay A. Smith Page 135 Cover Letters Keep it brief. Usually about four paragraphs: 1. 2. 3. 4. Introduce yourself and explain why you’re writing. Lay out your key, related skills and accomplishments. Explain why you want to work for the company. Thank the reader, invite him to contact you or write your follow-up plans. Personalize. Address your letter to a specific person. (Make sure the spelling is correct.) Avoid generic greetings such as "To Whom It May Concern" or "Dear Sir or Madam". Sell your skills. Don’t just rehash your resume. Highlight the skills that are most relevant. Illustrate how they relate to the position. Be clear. Be direct (but not pushy); write clearly and concisely. Don’t make the reader guess why you’re writing or how your skills match the position. Be proactive. State how you can be reached and be specific about your plans for follow-up. Once you've said it, do it; follow through. Review carefully. Double-check for typos; don’t rely on spell-check. Ask a friend to look it over. Make your changes and review again. Kagoshima University © 2008, Jay A. Smith Page 136 Get a personal (business) email address/domain to use FOREVER 03110 Kagoshima University © 2008, Jay A. Smith Page 137 Great Opening (!/?) enclosure Kagoshima University © 2008, Jay A. Smith Page 138 FIT Matrix Me Company Kagoshima University Desires &Goals Abilities &Talents Goals Activities © 2008, Jay A. Smith Page 139 Get a personal (business) email address/domain to use FOREVER 03110 Kagoshima University © 2008, Jay A. Smith Page 140 Kagoshima University © 2008, Jay A. Smith Page 141 Class 6 Science & Technology Writing Correspondence Science & Technology Writing for general audience Technical Writing (manuals, instructions) Reports and Journal Papers Kagoshima University © 2008, Jay A. Smith Page 142 Purpose of Sci-Tech Writing Inform Educate Report Persuade? Entertain? Kagoshima University © 2008, Jay A. Smith Page 143 10 ways to write boring papers… 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Avoid focus Avoid originality and personality Write long contributions Remove implications and speculations Leave out illustrations Omit necessary steps of reasoning Use many abbreviations and terms Suppress humor and flowery language Degrade biology to statistics Quote numerous papers for trivial statements Source: Kaj Sand-Jenson, Oikos Kagoshima University © 2008, Jay A. Smith Page 144 8 Cs Handout (speaking & writing) Correct Clear Compact Creative Critical Consistent Conspicuous (emphasis, impact) Considerate (audience, media, helpers) Kagoshima University © 2008, Jay A. Smith Page 145 Sci-Tech Correspondence Audience: Academia: administrators, faculty, societies Outside Professionals: engineers, scientists, editors, customers, suppliers.. Your company: your boss, your staff Funders: foundations, investors, government Fans: friends, family Follow business writing guidelines Kagoshima University Have A Purpose Clear Be Audience Focused Make Your Message Clear Keep Focused on Topic Be Concise Use Simple Sentences © 2008, Jay A. Smith Page 146 Sci-Tech Writing for a General Audience Books, articles, blogs, editorials, reports, grant applications Audiences at different levels of knowledge: Science/technology “buffs” Business people Scientific American, Popular Mechanics Economist, Wired Magazine Government Keep main idea in mind Some Famous (dead) Science Writers Kagoshima University Steven Jay Gould Carl Sagan Isaac Asimov © 2008, Jay A. Smith Page 147 Technical Writing How-to: Manuals, Instructions, Handbooks, What: White papers, Patents Tech writer is “first end-user” Audience: customers/users, business managers suppliers, competitors, critics, media other technical writers www.istc.org.uk www.dummies.com, www.idiotsguides.com www.soyouwanna.com, www.ehow.com Kagoshima University © 2008, Jay A. Smith Page 148 Research Reports and Journal Papers Audience: peers, academics Tone Structure Kagoshima University © 2008, Jay A. Smith Page 149 Critically Read a Scientific Paper Where is it published? (top peer-reviewed) Who financed it? (drug co., govt., political group) What kind of study? Experimental (is the test sample appropriate) Survey (watch for causality vs. correlation) Mathematical Model (do assumptions make sense) Meta-analysis (summarizes many studies) Qualitative (is the context relevant to you?) Theory testing vs. theory proposing Null-hypothesis Finding no evidence of a relationship Finding evidence of no relationship Source: http://thewaronbullshit.com/2007/09/10/readpapers/ Kagoshima University © 2008, Jay A. Smith Page 150 Watson & Crick Where: Nature April 25, 1953 Who: Announcement (not full paper) Watson (25) geneticist Crick (37) biophysist Pre-empt Pauling (6 weeks away) Propose “radically different structure” Sufficient credit to Rosalind Franklin? Kagoshima University © 2008, Jay A. Smith Page 151 8 Cs Handout (speaking & writing) Correct Clear Compact Creative Critical Consistent Conspicuous (emphasis, impact) Considerate (audience, media, helpers) Kagoshima University © 2008, Jay A. Smith Page 152 Standard Structure (use it!) Title Abstract Introduction Material and Methods Results Discussion Literature Cited Kagoshima University © 2008, Jay A. Smith Page 153 Title – most titles are too long Most frequently read part of paper Vital for abstracting and indexing Avoid abbreviations, ”jargon” and colons”:” Use the fewest words possible to describe the contents (10-12 words max.) Kagoshima University A label, not a sentence Avoid “waste” words (“Investigation on…”) Use syntax carefully © 2008, Jay A. Smith Page 154 Abstract Do: Start with a general statement on an interesting/unsolved problem Make explicit the hypothesis/question of the paper Mention specific methods if necessary (unique, key) State clearly the most important results, conclusions Usually write it after the paper has been finished Don’t Kagoshima University Make any conclusion that is not found in the text Write more than 100-200 words (unless it is impossible, which is rare) © 2008, Jay A. Smith Page 155 Introduction “What is the problem studied? Introductory sentence A general statement, a truism A citation of an authority A self-citation Description of the state-of-the-art Questions and hypotheses of this paper: Clear statement of what is intended First mention of own previous work In first sentence? In state-of-the-art description? Kagoshima University Casual? © 2008, Jay A. Smith Page 156 How to write Introduction? Desired structure Intro: Introduce first important item What makes it a good research object What is important, what is specific Intro cont.: Introduce second important item The study object itself and scope What is known? Previous research Literature review What do I want to know? Questions and/or hypotheses, What will be studied General method of the investigation Major observations (to be) made Kagoshima University © 2008, Jay A. Smith Page 157 Introduction Checks Uniformity of expression Precision of speech Repetition Contradiction Repetition Logical argument Matches title, abstract, results, discussion Kagoshima University © 2008, Jay A. Smith Page 158 Materials and Methods “How did you study the problem?” Goal: reproducibility Be specific and precise Kagoshima University © 2008, Jay A. Smith Page 159 Results “What did you find?” The “meat” or “core” of your paper Goal: provide the data from the methods applied Generally the most boring part of the paper. Mostly consists of the description of tables and figures (in past tense) All tables, figures should be referred to in the text The selection of the right tables and figures is crucial. The most important aspects should be summarized Not every detail of the tables, figures need be repeated Do not overload the paper. If >8 tables and figures think about dividing the paper into 2 papers. Best to keep to maximum of 1/3 of a 6000 word paper Statements on methods should be in the Methods section Kagoshima University © 2008, Jay A. Smith Page 160 Discussion “So, what do your findings mean?” The “mind” of your paper Present principles, relationships, generalizations Point out exceptions, lack of correlations, unsettled issues Show how your results agree or disagree with previous works Discuss any theoretical implications or practical applications of results Reaffirm clearly your major conclusions or findings; summarize the evidence for each Kagoshima University © 2008, Jay A. Smith Page 161 Literature Cited Most mistakes occur here Follow the style of each journal Use significant, published references Use original references (don’t cite a citation) Double check Kagoshima University © 2008, Jay A. Smith Page 162 Homework Sentence corrections Rewrite/Write in English the Title & Abstract and Discussion of a recent paper that you (co-)wrote Submit original and revision by email How to _______. in 1 page or less Kagoshima University © 2008, Jay A. Smith Page 163 Links Writing Guides: http://web.mit.edu/writing http://web.mit.edu/uaa/www/writing/links/ http://standards.ieee.org/duides/style http://www.betterwritingskills.com/ http://www.scribe.com.au/plain-english.html http://www.scribe.com.au/Plain-English-Sample-Chapter.pdf Writing skill handbook: http://www.techcommunicators.com/publications/sharp.html Publications: www.nature.com www.sciencemag.org www.sciencenow.org www.scienceexpress.org www.sciencecareers.org www.scientificamerican.com www.wired.com www.popularmechanics.com www.popsci.com www.nationalgeographic.com Kagoshima University © 2008, Jay A. Smith Page 164 Class 7 Working with New Media Kagoshima University © 2008, Jay A. Smith Page 165 Class Schedule (subject to change) 5/28 6/4 6/11 6/18 6/25 (水)12:50-14:20 (水)12:50-14:20 (水)12:50-14:20 (水)12:50-14:20 (水)12:50-14:20 ① ② ③ ④ ⑤ Intro/ Self-Introductions Getting Your Point Across Casual Business Conversations Understanding Business News PR & Marketing Communication 7/2 (水)12:50-14:20 ⑥ Professional Correspondence 7/9 (水)12:50-14:20 ⑦ Science & Technology Writing 7/16 (水)12:50-14:20 ⑧ Working With New Media [10/1](水)12:50-14:20 ⑨ Public Speaking 10/8 (水)12:50-14:20 ⑨ Public Speaking 10/15(水)12:50-14:20 ⑩ Elevator Pitches 10/29(水)12:50-14:20 ⑪ Business/Tech Project Plan Case Study 11/5 (水)12:50-14:20 ⑫ Initial Presentation 11/19(水)12:50-14:20 ⑬ Business/Tech Project Plan Workshop 11/26(水)12:50-14:20 ⑭ Final Plan Presentation 12/3 (水)12:50-14:20 ⑮ Final Plan Presentation (continued) 12/5? Cocktail Party Exercise Office Hour: 12/11(木) Tues: 13:30-15:00 VBL 2F Kagoshima University Final Report 電話285-3630 Due btce2008@bizsmith.com © 2008, Jay A. Smith Page 166 Homework Sentence corrections Rewrite/Write in English the Title & Abstract and Discussion of a recent paper that you (co-)wrote Submit original and revision by email How to _______. in 1 page or less Kagoshima University © 2008, Jay A. Smith Page 167 Kagoshima University © 2008, Jay A. Smith Page 168 Kagoshima University © 2008, Jay A. Smith Page 169 Good How-to Guides Focus on audience and needs Write clearly, simply, use active Do the instructions work? Kagoshima University Usable Accurate Complete © 2008, Jay A. Smith Page 170 Kagoshima University © 2008, Jay A. Smith Page 171 Kagoshima University © 2008, Jay A. Smith Page 172 Kagoshima University © 2008, Jay A. Smith Page 173 Kagoshima University © 2008, Jay A. Smith Page 174 How to How-to 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. Make it scannable. Use proper grammar and punctuation. Begin with an introductory paragraph. Remember your humble beginnings. Tell them how, not about. Keep your paragraphs bite-sized. Use white space. Remove unnecessary words. Try for variety. Use simple language. Avoid lingo. Use acronyms sparingly. Stay positive. Stories help learners. Pictures are your friends. Promote gently. Wrap it up (Closing). Go back and edit. Source: knowledgehound.com Kagoshima University © 2008, Jay A. Smith Page 175 Informing: howstuffworks.com howstuffworks.com http://www.howstuffworks.com/ howstuffworks on youtube http://www.youtube.com/user/HowStuffWorks What if I shot my television? http://www.youtube.com/watch?v=30926oqZ758 Kagoshima University © 2008, Jay A. Smith Page 176 Old vs. New Media Old Media New Media Types Analog One-way Mail/Fax Newspapers Books Magazines Newsletters Radio (most) LPs/CDs TV/Video Catalogs Kagoshima University Broadcast Producer->users Periodic Types Digital 2(or more) way Email Websites Ebooks Mail Magazines Blogs Chat MP3/Podcasts/Itunes Youtube Online Shopping Multipoint User created content Live: 24 hour (hourly, daily weekly) © 2008, Jay A. Smith Page 177 Business Activities & Internet/New Media Product Development Market Research Polling/surveys Correspondence Advertising Sales Purchasing Recruiting Research Design Support Tax Office space Compliance Meetings PR Training Logistics Order management Payments Collections Planning Scheduling Finance Kagoshima University © 2008, Jay A. Smith Email Blogs WWW Chat Instant Messenger/SMS Wikipedia Search Second Life Skype Youtube MySpace/Facebook Search Engines Advertising Engines Acrobat (pdf) Photoshop Online Auctions Online Stores (Rakuten, etc.) MP3/Itunes Virtual Worlds Broadband/Fiber Wireless/Wimax Page 178 Industries and Internet/New Media News Companies Email TV Networks Blogs Radio Stations WWW Doctors Instant Messenger/SMS Insurance Companies Chat Branded Products Wiki Car Dealers Yahoo Answers Travel Agents Search Airlines Skype Sports Youtube Financial Services MySpace/Facebook Photographers Search Engines Book Publishers Advertising Engines Bookstores Acrobat (pdf) Musicians Photoshop Music Companies Online Auctions Politics Online Shopping Government MP3/Itunes Advertising Agencies Virtual Worlds Consultants Broadband/Fiber Comedians Wireless/Wimax Museums Schools http://www.webbyawards.com Kagoshima University © 2008, Jay A. Smith Page 179 The Internet Available Accessible Printable Downloadable Updatable Customizable Adaptable Reliable Searchable Affordable Equitable Fashionable Inevitable Knowledgeable Aware-able? Kagoshima University © 2008, Jay A. Smith Page 180 On the Internet …nothing …nothing …nothing …nothing …nothing …nothing …nothing …nothing Kagoshima University dies is hidden is secret is safe is off limits for sure is real? is final © 2008, Jay A. Smith Page 181 Kagoshima University © 2008, Jay A. Smith Page 182 Photoshop Kagoshima University © 2008, Jay A. Smith Page 183 Old vs. New Media Old Media New Media Types Analog One-way Mail/Fax Newspapers Books Magazines Newsletters Radio (most) LPs/CDs TV/Video Catalogs Kagoshima University Broadcast Producer->users Periodic Types (hourly, daily weekly, yearly) Digital 2(or more) way © 2008, Jay A. Smith Email Websites Ebooks Mail Magazines Blogs Chat MP3/Podcasts/Itunes Youtube Online Shopping Multipoint Interactive/User-created Live: 24 hour Page 184 Centralized vs. Distributed Kagoshima University © 2008, Jay A. Smith Page 185 Web Publishing Kagoshima University © 2008, Jay A. Smith Page 186 Old vs. New Marketing Kagoshima University © 2008, A. Smith From MikeJayManuel’s blog Page 187 Public Relations 2.0 Kagoshima University © 2008, Jay A. Smith Page 188 Politics blogs •dinocrat.com •dailykos.com •Huffingtonpost.com Kagoshima University © 2008, Jay A. Smith Page 189 Links www.webbyawards.com www.ted.com http://www.universalleonardo.org/ www.barackobama.com www.johnmccain.com www.facebook.com www.myspace.com www.linkedin.com www.plaxo.com http://sncr.org/ http://prbooks.pbwiki.com/ http://informationarchitects.jp/ Blog hosting http://prbooks.pbwiki.com/trust www.blogger.com www.wordpress.com www.blogspot.com www.typepad.com www.waybackmachine.com Kagoshima University © 2008, Jay A. Smith Page 190 Blogs Blogs Blogs blogger.com typepad.com Tom Peters' blog roll &other great stuff www.tompeters.com/freestuff/index.php business/marketing sethgodin.typepad.com advertising www.brainposse.com vc's blog www.allensblog.typepad.com venture hacks blog http://www.venturehacks.com/ computers/technology fakesteve.blogspot.com computers/technology www.lifehacker.com politics andrewsullivan.theatlantic.com politics www.blogforamerica.com humor at work dilbertblog.typepad.com/the_dilbert_blog/ economics illustrated indexed.blogspot.com drawings/illustrations drawn.ca design www.mocoloco.com personal growth www.stevepavlina.com cute http://mfrost.typepad.com/cute_overload/ businesshaiku www.businesshaiku.com Kagoshima University © 2008, Jay A. Smith Page 191 Homework Rewrite/Write in English the Title & Abstract and Discussion of a recent paper that you (co-)wrote Submit original and revision by email Facebook Page Kagoshima University © 2008, Jay A. Smith Page 192 www.facebook.com Use English menu option Register Connect to me by 8/1/2008 My facebook email address: jay@bizsmith.com Kagoshima University © 2008, Jay A. Smith Page 193 Class 9 Review & Intro to Public Speaking Kagoshima University © 2008, Jay A. Smith Page 194 Course Objectives Improved understanding and use of English business/tech. communications Increase self-confidence & comfort business and technology communications in English Build practical skills in: Reading, listening & understanding Speaking, writing & presenting Informing, explaining & convincing Website: www.eigosmith.info Kagoshima University © 2008, Jay A. Smith Page 195 www.facebook.com Use English menu option Register Connect to me by 8/1/2008 My facebook email address: jay@bizsmith.com Join Kagoshima University Group Kagoshima University © 2008, Jay A. Smith Page 196 Business/Technology English NEW ROOM (from 11/19): Inamori Academy Seminar Room 32 (3rd Floor) Library Kagoshima University © 2008, Jay A. Smith Page 197 Class Schedule (OLD) 5/28 6/4 6/11 6/18 6/25 (水)12:50-14:20 (水)12:50-14:20 (水)12:50-14:20 (水)12:50-14:20 (水)12:50-14:20 ① ② ③ ④ ⑤ Intro/ Self-Introductions Getting Your Point Across Casual Business Conversations Understanding Business News PR & Marketing Communication 7/2 (水)12:50-14:20 ⑥ 7/9 (水)12:50-14:20 ⑦ 7/16 (水)12:50-14:20 ⑧ Professional Correspondence Science & Technology Writing Working With New Media 10/8 (水)12:50-14:20 ⑨ 10/15(水)12:50-14:20 ⑩ 10/29(水)12:50-14:20 ⑪ Public Speaking Elevator Pitches Business/Tech Project Plan Case Study 11/5 (水)12:50-14:20 11/19(水)12:50-14:20 11/26(水)12:50-14:20 12/3 (水)12:50-14:20 Initial Presentation Business/Tech Project Plan Workshop Final Plan Presentation Final Plan Presentation (continued) ⑫ ⑬ ⑭ ⑮ 12/5? Cocktail Party Exercise Office Hour: Tues: 13:30-15:00 VBL 2F Kagoshima University 12/11(木) 電話285-3630 btce2008@bizsmith.com © 2008, Jay A. Smith Final Report Due Page 198 Class Schedule (Revised A) 5/28 6/4 6/11 6/18 6/25 (水)12:50-14:20 (水)12:50-14:20 (水)12:50-14:20 (水)12:50-14:20 (水)12:50-14:20 ① ② ③ ④ ⑤ Intro/ Self-Introductions Getting Your Point Across Casual Business Conversations Understanding Business News PR & Marketing Communication 7/2 (水)12:50-14:20 ⑥ Professional Correspondence 7/9 (水)12:50-14:20 ⑦ Science & Technology Writing 7/16 (水)12:50-14:20 ⑧ Working With New Media 10/8 (水)12:50-14:20 ⑨ Public Speaking 11/19(水)12:50-14:20 11/26(水)12:50-14:20 12/3 (水)12:50-14:20 12/10(水)12:50-14:20 ⑩ ⑪ ⑫ ⑬ Elevator Pitches Business/Tech Project Plan Case Study Initial Presentation Business/Tech Project Plan Workshop 1/14 (水)12:50-14:20 ⑭ Final Plan Presentation 1/21 (水)12:50-14:20 ⑮ Final Plan Presentation (continued) 12/5? Cocktail Party Exercise 1/28(水) Office Hour: Tues: 13:30-15:00 VBL 2F Kagoshima University Final Report Due 電話285-3630 © 2008, Jay A. Smith Page 199 Speaking In Public Casual Discussions Social Events Meetings Interviews Panel Discussions Debates Poster Sessions Formal Presentations Unplanned Opportunities Kagoshima University Elevators, airplanes, trains, restaurants © 2008, Jay A. Smith Page 200 Warm Up How did you spend your holiday time? Pair up Kagoshima University © 2008, Jay A. Smith Page 201 Getting your point across Communication does not occur until the listener/reader understands what you are communicating. Kagoshima University © 2008, Jay A. Smith Page 202 Communications Strategy Why - What is your objective/goal? Who – Who is your audience? What –What do you want them to know? How – Approach, Tone, Format When – Time, how long, how often Where – Location, mode (online, real) SO? - Did it make a difference? Kagoshima University © 2008, Jay A. Smith Page 203 Effectiveness, Leadership, Action “…in classical times when Cicero had finished speaking, the people said, ‘How well he spoke,’ but when Demosthenes had finished speaking, they said, ‘Let us march!’” -- Adlai Stevenson (~1960) Kagoshima University © 2008, Jay A. Smith Page 204 President Ronald Reagan “The Great Communicator” Great historical American speeches http://www.americanrhetoric.com with video and text Reagan-Brandenburg http://www.americanrhetoric.com/speeches/ronaldreagan (persuade) brandenburggate.htm Reagan-Challenger (inform, bad news) Kagoshima University http://www.americanrhetoric.com/speeches/ronaldreagan challenger.htm © 2008, Jay A. Smith Page 205 Warm-up 2 – Speaking & Informing/Convincing Why is 2008 better 2008 or worse than …? 2000 1980 1950 1900 1800 Overall Population Transportation Communication Education Entertainment Manufacturing Kagoshima University © 2008, Jay A. Smith Page 206 “The Stone Age didn’t end because they ran out of stones.” 石器時代はそれらが石を使い果たしたので終わらなかった --------------Analog Age------------------------------------- Digital Age control Bio Gene Age Age organic energy transfer material Stone Bronze Age Age -2000 -4000 energy Electrical Electronic Quantum Age Age? Age Mechanical Age Animal Power • 動物 • 人間 Solar Power • sun • wind • plants • fire Kagoshima University Plastics Age 0 Nano Age? 1800 1900 2000 Oil Power network Nuclear Power Solar Power? Wired -> Wireless Page 207 speed of change is accelerating © 2008, Jay A. Smith Presentations & Public Speaking Objective/Goal People Medium (eg. cnn/youtube debates) Form/Format/Structure Style Content Passion/Credibility/Gravitas/Quality Kagoshima University © 2008, Jay A. Smith Page 208 Content & Structure Pyramid based on inductive and/or deductive thinking SCQ(A) Framework Benefits: Kagoshima University Situation Complication Question (Answer) © 2008, Jay A. Smith Comprehensive Clear Concise Page 209 Kagoshima University © 2008, Jay A. Smith Page 210 Kagoshima University © 2008, Jay A. Smith Page 211 Kagoshima University © 2008, Jay A. Smith Page 212 Style Kagoshima University © 2008, Jay A. Smith Page 213 vaderpoint Kagoshima University Source: presentationzen.blogs.com © 2008, Jay A. Smith Page 214 yodaboard Kagoshima University Source: presentationzen.blogs.com © 2008, Jay A. Smith Page 215 Style Steve Jobs vs. Bill Gates Kagoshima University Source: presentationzen.blogs.com © 2008, Jay A. Smith Page 216 Informing: howstuffworks.com howstuffworks.com http://www.howstuffworks.com/ howstuffworks on youtube http://www.youtube.com/user/HowStuffWorks What if I shot my television? http://www.youtube.com/watch?v=30926oqZ758 Kagoshima University © 2008, Jay A. Smith Page 217 3 Keys to Good Speech (Dan Pink) Brevity Levity Repetition Kagoshima University © 2008, Jay A. Smith Page 218 Jay’s Presentation Tips Start with a “Thank You” Shorter is better Start with a Bang! (a Hook!) Simpler words Shorter sentences Fewer slides Less time Something interesting to catch attention Then work to keep attention Dreamgate http://www.dreamgate.gr.jp/summit/entry/ Kagoshima University © 2008, Jay A. Smith Page 219 Obama @ Google Innovation agenda http://jp.youtube.com/watch?v=m4 yVlPqeZwo&feature=user Kagoshima University © 2008, Jay A. Smith Page 220 Other Great Presentation Sits http://www.TED.com http://jp.youtube.com/user/citrisuc (Berkeley Center for Information Technology Research in the Interest of Society) Guy Kawasaki http://blog.guykawasaki.com/2005/12/the_102030_rule.html VC http://whohastimeforthis.blogspot.com/2006/01/prac ticing-art-of-pitchcraft.html Kagoshima University © 2008, Jay A. Smith Page 221 Use Clear, Creative, Correct Visuals Kagoshima University © 2008, Jay A. Smith Page 222 Presentation Design Tips http://www.garrreynolds.com/ Presentation/sample1.html Kagoshima University © 2008, Jay A. Smith Page 223 Why Present? Kagoshima University © 2008, Jay A. Smith Page 224 Appeal to Logic and Emotion Kagoshima University © 2008, Jay A. Smith Page 225 Kagoshima University © 2008, Jay A. Smith Page 226 From Garr Reynolds Kagoshima University © 2008, Jay A. Smith Page 227 Kagoshima University © 2008, Jay A. Smith Page 228 Sample Powerpoint Presentations Powerpoint Presentations Berkeley/CITRIS http://www.citris-uc.org/ http://youtube.com/citris Future of Search (Slides) http://youtube.com/watch?v=VGlVzGhWt6A&feature=user Future of Search - Google (Slides) http://youtube.com/watch?v=0zRUozxcOxo&feature=user Future of Search - Lawyer (No Slides) http://youtube.com/watch?v=aQ5eXAWsZdM&feature=user Tom Peters on Passion http://www.youtube.com/watch?v=OYLhthJA6qc Tom Peters on Innovation http://www.youtube.com/watch?v=8AGTpu_i8sc&feature=related Kagoshima University © 2008, Jay A. Smith Page 229 Public Speaking (w/o powerpoint) Great American Speeches with video and text Reagan-Brandenburg http://www.americanrhetoric.com/speeches/ronaldreaganbrandenburggate.htm Reagan-Challenger http://www.americanrhetoric.com/speeches/ronaldreaganchallenger.htm Minow-FCC http://www.americanrhetoric.com/speeches/newtonminow.htm Gehrig-Farewell http://www.americanrhetoric.com/speeches/lougehrigfarewelltobaseball.htm Movie Speeches The Fountainhead http://www.americanrhetoric.com/MovieSpeeches/moviespeechthefountainhead.html Tucker http://www.americanrhetoric.com/MovieSpeeches/moviespeechtucker.html Interviews Steve Jobs and Bill Gates interview http://www.youtube.com/watch?v=M3tUkyCRp0A&feature=related Steve Jobs and Bill Gates interview http://www.youtube.com/watch?v=K_TyX-wHI0k&feature=related Senator Biden Interview http://www.joebiden.com/welcome/ Kagoshima University © 2008, Jay A. Smith Page 230 More No PPT Speaking U2's Bono at Harvard (w/video & text) http://www.americanrhetoric.com/speeches/bonoharvardcommencement.htm 2001 Commencement Speeches http://harvardmagazine.com/2001/07/speeches.html Harvard Speeches http://athome.harvard.edu/ Archives http://athome.harvard.edu/archive New Harvard President Inauguration http://athome.harvard.edu/faust/watch Jane Goodall http://athome.harvard.edu/janegoodall Kagoshima University © 2008, Jay A. Smith Page 231 Prior Homework Rewrite/Write in English the Title & Abstract and Discussion of a recent paper that you (co-)wrote Submit original and revision by email Facebook Page Kagoshima University © 2008, Jay A. Smith Page 232 www.facebook.com Use English menu option Register Connect to me by 8/1/2008 My facebook email address: jay@bizsmith.com Kagoshima University © 2008, Jay A. Smith Page 233 Homework Next Class 11/19 Elevator Pitch Kagoshima University 30-45 seconds Practiced, but informal presentation No power point Self introduction Business Idea or research “commercial for you/your idea” © 2008, Jay A. Smith Page 234 More Steve Jobs vs. Bill Gates Kagoshima University Source: presentationzen.blogs.com & supernews.com © 2008, Jay A. Smith Page 235 Lesson 10 Elevator Pitches Kagoshima University © 2008, Jay A. Smith Page 236 Class Schedule (Revised A) 5/28 6/4 6/11 6/18 6/25 (水)12:50-14:20 (水)12:50-14:20 (水)12:50-14:20 (水)12:50-14:20 (水)12:50-14:20 ① ② ③ ④ ⑤ Intro/ Self-Introductions Getting Your Point Across Casual Business Conversations Understanding Business News PR & Marketing Communication 7/2 (水)12:50-14:20 ⑥ Professional Correspondence 7/9 (水)12:50-14:20 ⑦ Science & Technology Writing 7/16 (水)12:50-14:20 ⑧ Working With New Media 10/8 (水)12:50-14:20 ⑨ Public Speaking 11/19(水)12:50-14:20 11/26(水)12:50-14:20 12/3 (水)12:50-14:20 12/10(水)12:50-14:20 ⑩ ⑪ ⑫ ⑬ Elevator Pitches Business/Tech Presentations Initial Student Presentation Business Plan/Tech Poster Workshop 1/14 (水)12:50-14:20 ⑭ Final Plan/Poster Presentation 1/21 (水)12:50-14:20 ⑮ Final Plan/Poster Presentation (continued) 12/5? Cocktail Party Exercise 1/28(水) Office Hour: Tues: 13:30-15:00 VBL 2F Kagoshima University Final Report Due 電話285-3630 © 2008, Jay A. Smith Page 237 Research Paper Rewrite Check list of submissions Set time for meeting to discuss 15 minutes each, semi-room 31 (next door) Thurs. 11/20 16:30 16:45 17:00 17:15 17:30 __________________ __________________ __________________ __________________ __________________ Tuesday 11/25 Kagoshima University ___________________ ___________________ ___________________ ___________________ ___________________ ___________________ Friday 11/21 15:00 15:15 15:30 15:45 16:00 16:15 16:00 16:15 17:00 17:15 __________________ __________________ __________________ __________________ © 2008, Jay A. Smith Page 238 Communications Strategy Why - What is your objective/goal? Who – Who is your audience? What –What do you want them to know? How – Approach, Tone, Format When – Time, how long, how often Where – Location, mode (online, real) SO? - Did it make a difference? Kagoshima University © 2008, Jay A. Smith Page 239 Presentations & Public Speaking Objective/Goal People Medium (eg. cnn/youtube debates) Form/Format/Structure Style Content Passion/Credibility/Gravitas/Quality Kagoshima University © 2008, Jay A. Smith Page 240 President (& CEO) Elect Barack Obama Victory Speech Excerpts (with written transcripts) Part 1: http://jp.youtube.com/watch?v=otA 7tjinFX4 (2:12) Part 2: http://jp.youtube.com/watch?v=qxu o91L5f9Q&feature=related (1:45) Part 3: http://jp.youtube.com/watch?v=oHC RqX6-zXw&feature=related (3:47) Part 4: http://jp.youtube.com/watch?v=oHCRq X6-zXw&feature=related (3:25) Full speech http://jp.youtube.com/watch?v=Jll5 baCAaQU&NR=1 (17:00) Kagoshima University © 2008, Jay A. Smith Page 241 Obama Victory Speech (Part 1) If there is anyone out there who still doubts that America is a place where all things are possible; who still wonders if the dream of our founders is alive in our time; who still questions the power of our democracy, tonight is your answer. It's the answer told by lines that stretched around schools and churches in numbers this nation has never seen; by people who waited three hours and four hours, many for the very first time in their lives, because they believed that this time must be different; that their voice could be that difference. It's the answer spoken by young and old, rich and poor, Democrat and Republican, black, white, Latino, Asian, Native American, gay, straight, disabled and not disabled - Americans who sent a message to the world that we have never been a collection of Red States and Blue States: we are, and always will be, the United States of America. It's the answer that led those who have been told for so long by so many to be cynical, and fearful, and doubtful of what we can achieve to put their hands on the arc of history and bend it once more toward the hope of a better day. It's been a long time coming, but tonight, because of what we did on this day, in this election, at this defining moment, change has come to America. Kagoshima University © 2008, Jay A. Smith Page 242 Obama Victory Speech(Part 2) I just received a very gracious call from Senator McCain. He fought long and hard in this campaign, and he's fought even longer and harder for the country he loves. He has endured sacrifices for America that most of us cannot begin to imagine, and we are better off for the service rendered by this brave and selfless leader. I congratulate him and Governor Palin for all they have achieved, and I look forward to working with them to renew this nation's promise in the months ahead. I want to thank my partner in this journey, a man who campaigned from his heart and spoke for the men and women he grew up with on the streets of Scranton and rode with on that train home to Delaware, the Vice Presidentelect of the United States, Joe Biden. I would not be standing here tonight without the unyielding support of my best friend for the last sixteen years, the rock of our family and the love of my life, our nation's next First Lady, Michelle Obama. Kagoshima University © 2008, Jay A. Smith Page 243 Obama Victory Speech (Part 3) The road ahead will be long. Our climb will be steep. We may not get there in one year or even one term, but America - I have never been more hopeful than I am tonight that we will get there. I promise you - we as a people will get there. There will be setbacks and false starts. There are many who won't agree with every decision or policy I make as President, and we know that government can't solve every problem. But I will always be honest with you about the challenges we face. I will listen to you, especially when we disagree. And above all, I will ask you join in the work of remaking this nation the only way it's been done in America for two-hundred and twenty-one years - block by block, brick by brick, calloused hand by calloused hand. What began twenty-one months ago in the depths of winter must not end on this autumn night. This victory alone is not the change we seek - it is only the chance for us to make that change. And that cannot happen if we go back to the way things were. It cannot happen without you. So let us summon a new spirit of patriotism; of service and responsibility where each of us resolves to pitch in and work harder and look after not only ourselves, but each other. Let us remember that if this financial crisis taught us anything, it's that we cannot have a thriving Wall Street while Main Street suffers - in this country, we rise or fall as one nation; as one people. Let us resist the temptation to fall back on the same partisanship and pettiness and immaturity that has poisoned our politics for so long. Let us remember that it was a man from this state who first carried the banner of the Republican Party to the White House - a party founded on the values of self-reliance, individual liberty, and national unity. Those are values we all share, and while the Democratic Party has won a great victory tonight, we do so with a measure of humility and determination to heal the divides that have held back our progress. As Lincoln said to a nation far more divided than ours, "We are not enemies, but friends...though passion may have strained it must not break our bonds of affection." And to those Americans whose support I have yet to earn - I may not have won your vote, but I hear your voices, I need your help, and I will be your President too. And to all those watching tonight from beyond our shores, from parliaments and palaces to those who are huddled around radios in the forgotten corners of our world - our stories are singular, but our destiny is shared, and a new dawn of American leadership is at hand. To those who would tear this world down we will defeat you. To those who seek peace and security - we support you. And to all those who have wondered if America's beacon still burns as bright - tonight we proved once more that the true strength of our nation comes not from our the might of our arms or the scale of our wealth, but from the enduring power of our ideals: democracy, liberty, opportunity, and unyielding hope. Kagoshima University © 2008, Jay A. Smith Page 244 Obama Victory Speech (Part 4) This election had many firsts and many stories that will be told for generations. But one that's on my mind tonight is about a woman who cast her ballot in Atlanta. She's a lot like the millions of others who stood in line to make their voice heard in this election except for one thing - Ann Nixon Cooper is 106 years old. She was born just a generation past slavery; a time when there were no cars on the road or planes in the sky; when someone like her couldn't vote for two reasons - because she was a woman and because of the color of her skin. And tonight, I think about all that she's seen throughout her century in America - the heartache and the hope; the struggle and the progress; the times we were told that we can't, and the people who pressed on with that American creed: Yes we can. At a time when women's voices were silenced and their hopes dismissed, she lived to see them stand up and speak out and reach for the ballot. Yes we can. When there was despair in the dust bowl and depression across the land, she saw a nation conquer fear itself with a New Deal, new jobs and a new sense of common purpose. Yes we can. When the bombs fell on our harbor and tyranny threatened the world, she was there to witness a generation rise to greatness and a democracy was saved. Yes we can. She was there for the buses in Montgomery, the hoses in Birmingham, a bridge in Selma, and a preacher from Atlanta who told a people that "We Shall Overcome." Yes we can. A man touched down on the moon, a wall came down in Berlin, a world was connected by our own science and imagination. And this year, in this election, she touched her finger to a screen, and cast her vote, because after 106 years in America, through the best of times and the darkest of hours, she knows how America can change. Yes we can. America, we have come so far. We have seen so much. But there is so much more to do. So tonight, let us ask ourselves - if our children should live to see the next century; if my daughters should be so lucky to live as long as Ann Nixon Cooper, what change will they see? What progress will we have made? This is our chance to answer that call. This is our moment. This is our time - to put our people back to work and open doors of opportunity for our kids; to restore prosperity and promote the cause of peace; to reclaim the American Dream and reaffirm that fundamental truth - that out of many, we are one; that while we breathe, we hope, and where we are met with cynicism, and doubt, and those who tell us that we can't, we will respond with that timeless creed that sums up the spirit of a people: Yes We Can. Thank you, God bless you, and may God Bless the United States of America Kagoshima University © 2008, Jay A. Smith Page 245 Effectiveness, Leadership, Action “…in classical times when Cicero had finished speaking, the people said, ‘How well he spoke,’ but when Demosthenes had finished speaking, they said, ‘Let us march!’” -- Adlai Stevenson (~1960) Kagoshima University © 2008, Jay A. Smith Page 246 Homework Elevator Pitch Kagoshima University 30-45 seconds Practiced, but informal presentation No power point Self introduction Business Idea or research “commercial for you/your idea” © 2008, Jay A. Smith Page 247 “Elevator Pitch” “Summarize the company’s business on the back of a business card.” -Sequoia Capital And then say it. Whenever you need it With Confidence, Honesty & Spirit Kagoshima University © 2008, Jay A. Smith Page 248 What is an Elevator Pitch? A concise, carefully planned, and well practised description about your company that your mother should be able to understand --WTP Capital LLP Kagoshima University © 2008, Jay A. Smith Page 249 Example Dyson’s new washing machine: Washing machine design has not developed for several decades, and current technology is ineffective and inefficient. More and more consumers are time-constrained and demand a fast wash, without losing cleanliness and efficiency. This revolutionary product design, with the ‘Contrarotator’ twin drum technology, manipulates and flexes the clothes in a unique way to release dirt more effectively. This results in a cleaner, faster and more efficient wash for the busy and environmentally aware household. Kagoshima University © 2008, Jay A. Smith Page 250 Structure & Content – Business Pitch There are several things you could say: What market you’re in What the opportunity is What size is the opportunity/ market What your solution is Why it’s unique How you will make money Choose the most important and interesting items. You could say more… but you won’t have time Kagoshima University © 2008, Jay A. Smith Page 251 Technology Focus: Business/Solution Focus: We have developed a proprietary algorithm that models moving objects as trajectories and uses a dynamic variable to manage uncertainty. Our technology allows companies to optimize their mobile assets in realtime and develop a whole new class of locationbased services. We offer software that improves a company’s ability to manage its mobile resources like trucks, equipment and personnel. Our solution is capable of sensing and reporting material deviations from routing plan or delivery schedules, as they happen, allowing quick corrective action where others can’t. Kagoshima University Source © WTP LLP 2008,Capital Jay A. Smith Page 252 Speaking: How to get your point across in 30 seconds or less – Milo O. Frank Objective Listener Approach Hook Subject Ask for it Kagoshima University © 2008, Jay A. Smith Page 253 Let’s Elevator Pitch What is my company/product/research? What problem does it solve/study? Why should you care? Why is it important? How are we different? Kagoshima University What have we done new? © 2008, Jay A. Smith Page 254 Time Out Take 5 minutes to think out and organize your pitch Pair up and practice Kagoshima University © 2008, Jay A. Smith Page 255 Elevator Pitch Warm-up: Enunciation & Pronunciation The sixth sick sheik's sixth sheep's sick. * Guinness Book of World Records Kagoshima University © 2008, Jay A. Smith Page 256 Let’s Elevator Pitch What is my company/product? What problem does it solve? How are we different? Why should you care Kagoshima University © 2008, Jay A. Smith Page 257 3 Keys to Good Speech (Dan Pink) Brevity Levity Repetition Kagoshima University © 2008, Jay A. Smith Page 258 Homework Next Class 11/26 – Topic: business & technology presentations Revise & Present Elevator Pitch Focus on Business Idea or Your research (for poster presentation etc.) Kagoshima University © 2008, Jay A. Smith Page 259 Elevator Pitches Guide http://www.canterburyhub.co.uk/services/planningdocs/Elevator_Pitc h.pdf Guide http://www.answers.com/elevator+pitch?cat=technology Guide http://www.businessknowhow.com/money/elevator.htm Guide http://inventors.about.com/od/oneminutepitch/Make_a_Promotional_ Pitch_in_One_Minute_The_Elevator_Pitch.htm Guide http://www.businessweek.com/smallbiz/content/may2005/sb2005054 _8868_sb037.htm?campaign_id=nws_insdr_may6&link_position =link23 Guide http://www.startupnation.com/pages/contact/elevator_pitch.asp Sample Elevator Pitches (Rice U.) http://www.thebusinessmakers.com/2006/12/23/episode-81-ricealliance-elevator-pitches/ Pitch Wizard: http://www.15secondpitch.com/new/pitch-wizard4.asp?tb=0 Kagoshima University © 2008, Jay A. Smith Page 260 Unusual Business Ideas tumbleweeds http://potw.news.yahoo.com/s/potw/55334/rolling-incash pumpkins http://potw.news.yahoo.com/s/potw/51271/extremehalloween;_ylt=AjertXbYexIpE77ddCzgwr8KwId4 teenagegirlsweb http://potw.news.yahoo.com/s/potw/52250/teenmillionaire;_ylt=AgSCRyL2bDCrxyrvLjRilrwKwId4 wackydancing http://potw.news.yahoo.com/s/potw/19574/dancedancerevolution;_ylt=At9JqTgNTdmt6afsgpi0vK8KwId4 CITRIS Fire Display http://youtube.com/watch?v=6z7nD69yn08 Kagoshima University © 2008, Jay A. Smith Page 261 Other Great Presentation Sits http://www.TED.com http://jp.youtube.com/user/citrisuc (Berkeley Center for Information Technology Research in the Interest of Society) Guy Kawasaki http://blog.guykawasaki.com/2005/12/the_102030_rule.html VC http://whohastimeforthis.blogspot.com/2006/01/prac ticing-art-of-pitchcraft.html Kagoshima University © 2008, Jay A. Smith Page 262 Lesson 11 Kagoshima University © 2008, Jay A. Smith Page 263 Format Exercise Outlining Self-Introduction Research Introduction Kagoshima University © 2008, Jay A. Smith Page 264 Speaking exercise Talk or Die Kagoshima University © 2008, Jay A. Smith Page 265 Content & Structure Pyramid based on inductive and/or deductive thinking SCQ(A) Framework Benefits: Kagoshima University Situation Complication Question (Answer) © 2008, Jay A. Smith Comprehensive Clear Concise Page 266 Elevator Pitch Goal: Get enough interest for a meeting Pitch Content (most interesting parts of): Kagoshima University Opportunity/problem to be solved Target market/customer Product/service to be created Value being created Why it is better than competition Business model (how firm will make money) Key people/backgrounds Resources needed Anything else unique that will capture attention/interest © 2008, Jay A. Smith Page 267 Elevator Pitch Topics Kagoshima University Class Project: Create a simulated “company” 1) Prepare Elevator pitch 30-60 second presentation in ENGLISH Idea for new business (we can create in class) © 2008, Jay A. Smith Page 268 Randy Pausch – the Last Lecture http://jp.youtube.com/watch?v=ji5 _MqicxSo Kagoshima University © 2008, Jay A. Smith Page 269 Reading a play Kagoshima University © 2008, Jay A. Smith Page 270 PechaKucha.Org Kagoshima University © 2008, Jay A. Smith Page 271 Poster Sessions Poster Session http://www.swarthmore.edu/NatSc i/cpurrin1/posteradvice.htm Kagoshima University © 2008, Jay A. Smith Page 272 Elevator Pitch – Key Ideas Goal: Get enough interest for a meeting Pitch Content (most interesting parts of): Kagoshima University Opportunity/problem to be solved Target market/customer Product/service to be created Value being created Why it is better than competition Business model (how firm will make money) Key people/backgrounds Resources needed Anything else unique that will capture attention/interest © 2008, Jay A. Smith Page 273 3-5 Minute Presentation Add detail/background/support to your elevator pitch Opportunity/problem to be solved Target market/customer Product/service to be created Images/diagrams/graphs Value being created Why it is better than competition Business model (how firm will make money) Key people/backgrounds Resources needed – forecast, timeline Kagoshima University © 2008, Jay A. Smith Page 274 Purposes of Communication Inform Convince (Entertain) Kagoshima University © 2008, Jay A. Smith Page 275 Prof Berkeley, Former Dean London B-School, Clinton Advisor: Laura D. Tyson on Presentations Content Audience Personal Style Kagoshima University © 2008, Jay A. Smith Page 276 Format Outlining Exercises Kagoshima University © 2008, Jay A. Smith Page 277 Lesson 11 Kagoshima University © 2008, Jay A. Smith Page 278 Presentation Design Tips http://www.garrreynolds.com/Prese ntation/sample1.html Kagoshima University © 2008, Jay A. Smith Page 279 Harvard Business School on: Good Business Writing Purpose Clear Audience Focused Message Clear Topic Focused Concise (Economy of Words) Simple Sentence Delivery Strategic Kagoshima University © 2008, Jay A. Smith Page 280 Harvard Business School on: Effective Business Writing for: Memos (Inside the Company) Letters (Outside the Company) Email (messages, distribution) Kagoshima University © 2008, Jay A. Smith Page 281 Classes 10-11 Revised Business Idea Presentation Formal Business Communication (continued) - writing Business Plans & Presentations Cocktail Party Exercise Kagoshima University © 2008, Jay A. Smith Page 282 Homework Review Outlining exercise Revised Kagoshima University Presentation Press release © 2008, Jay A. Smith Page 283 Harvard Business School on: Effective Business Writing for: Memos Inside of Company Letters Outside of Company Email Messages / Distribution Method Kagoshima University © 2008, Jay A. Smith Page 284 Harvard Business School on: Good Business Writing Purpose Clear Audience Focused Message Clear Topic Focused Concise (Economy of Words) Simple Sentence Delivery Strategic Kagoshima University © 2008, Jay A. Smith Page 285 Business Plan Insights Business Plan is a “sales” document Most plans never read by Partner Used to get investor to buy part of company Used for internal planning Most filtered out by junior staff May read exec summary Good Length about 20 pages 2-5 page executive summary 2-3 pages of financials Additional support in appendices Kagoshima University © 2008, Jay A. Smith Page 286 A Good Plan Concisely Explains… Why this is a great idea How it will be executed How return will be maximized How risk will be minimized What is the sustainable competitive advantage / barriers to entry (being copied) Kagoshima University © 2008, Jay A. Smith Page 287 Business Plan Topics Opportunity Context/environment Pain/Cure Problem/(New)Solution Market Size and Analysis Competitor analysis (now and future) Model Product/Service definition and path Sales & Marketing Plan Strategic Plan, Alliances Team (right team is basic requirement) Financials (risk, reward, assumptions, drivers) Kagoshima University © 2008, Jay A. Smith Page 288 Making a Successful Venture Business Idea Entrepreneur Team Kagoshima University Capital Yen/ $ Business Model & Strategy R&D, Production, Operations Sales & Marketing © 2008, Jay A. Smith Strategic Partners, Suppliers, Distributors Early Users, Supporters Customer Markets Page 289 Typical Business Plan Outline Cover Page Table of Contents Executive Summary Opportunity/Solution Product/Service People Kagoshima University Market Dynamics Value Proposition Competition Management, Key Employees, Staffing, Directors, Advisors, Professional Services Providers) Marketing Distribution Operations Finance (Historical, Forecasts, Requirements Risk Management © 2008, Jay A. Smith Page 290 Executive Summary Most important section Often used to filter out plans Often written/revised last Typical Components Vision Statement – What we want to create Mission Statement – How we create it Business Strategy & Model Summary of key components Credible promotion of investment opportunity Handout Sample (are you interested? convinced?) Kagoshima University © 2008, Jay A. Smith Page 291 The Cocktail Party Exercise Loosely based on MIT Sloan School Entrepreneurship Center exercise Goals: more effective Personal Networking Casual business conversations Enjoyment and learning Pick 2 topics from the hat Meet, greet and speak Kagoshima University © 2008, Jay A. Smith Page 292 Homework Next Class 1/11/08 Business Teams/Presentation Template Read Skim Pacnet Business Plan Case Study Truck-it Now B-Plan Executive Summary McKinsey GHG Report Exec. Summary Have a Nice Holiday Kagoshima University In NY/NJ from 12/24-1/8 (snow, 5˚c) What is your New Year’s Resolution? © 2008, Jay A. Smith Page 293 Classes 12 and 13 Pacnet Case Business Plan Workshop Kagoshima University © 2008, Jay A. Smith Page 294 Past Homework Next Class 1/11/08 Anyone else have revised pitch/release? Business Teams/Presentation Template Read Skim Pacnet Business Plan Case Study Truck-it Now B-Plan Executive Summary McKinsey GHG Report Exec. Summary Have a Nice Holiday Kagoshima University In NY/NJ from 12/24-1/8 (snow, 5˚c) What is your New Year’s Resolution? © 2008, Jay A. Smith Page 295 PACNET BUSINESS PLAN 1993 Kagoshima University © 2008, Jay A. Smith Page 296 Basic Business Plan Questions What is the opportunity? What is the business strategy? Does it fit? Is it sustainable? What is the business model? What is happening? Why? How big can it be? When? How do they make money? Are these the right people? Does company/reader have enough information? Kagoshima University © 2008, Jay A. Smith Page 297 Background (p 1-2) Early 1993 Dr. Kevin Wang Team prepared business plan What stage is PacNet? (no business yet) Will meet 3 groups of possible investors Negotiating with consultants and advisors who had been helping to advise, develop plan could he get them to join company, if capital is raised Planned Silicon Valley headquarters Sitting on the beach nearby Kagoshima University © 2008, Jay A. Smith Page 298 Market Context 1993 Almost no general public reference to or awareness of Internet (but awareness in certain markets) Sense of “Changing Tide” from educational use to commercial (commerce use) of Internet DOS V / Windows 3.1 Kagoshima University © 2008, Jay A. Smith Page 299 PacNet Investors Current: Nakamoto, Wang?, Others? ($100,000) Potential How much? Japanese Trading Firm (potential customer, channel) Group of Private Hong Kong Investors Venture Capital Firm Why interested (strategically, financially) How to position and convince investors Kagoshima University © 2008, Jay A. Smith Page 300 Table of Contents – Outlines Story [Executive Summary] (should be listed) Financial Outlook 4.1 4.2 4.3 4.4 4.5 4.6 4.7 Business Opportunity 1.1 Internet is Huge and Spans the Globe 1.2 Exponential Growth Will Continue for Foreseeable Future 1.3 International Commercial Use is Fastest Growing Segment 1.4 Unmet Needs of Target Market 1.5 Pacific Internet Nodes are Key Players 1.6 Technology is Proven Financial Summary Revenue Forecast Income Statement Cost Structure Source and Use of Funds Balance Sheet Capitalization and Dilution Risk Management Business Strategy 2.1 Goals & Objectives (generic title vs. become dominant provider) 2.2 Buy Existing Nodes 2.3 Deliver Value-Added Products & Services 2.4 Focus on Sales & Marketing 2.5 Consolidate Operations 2.6 Position Against Major Competitors Organizational Plan (all generic titles) 3.1 3.2 3.3 3.4 Plan of Organization Founders and Management Team Implementation of Organizational Plan Company Values Kagoshima University © 2008, Jay A. Smith Page 301 Executive Summary - Highlights Goal: be dominant Internet provider in Pacific Rim Target: Businesses, professionals, corp. research Opportunity driven by coupled phenomena Strategy – to control key nodes (PINs) in region Want $6 million dollars, plus some more later from rapid Internet growth Internet commercialization (from .edu to .com) Is it enough? Founders created other technology companies If this works investor would get a great return Kagoshima University © 2008, Jay A. Smith Page 302 PacNet Business PacNet provides Internet service (ISP) Customer application: low cost communication email, files, information communicate with employees, customers, vendors (assumes customers, vendors also have access) global reach at no extra charge Kagoshima University © 2008, Jay A. Smith Page 303 Company Team – Is it Right? Dr. Wang John Nakamoto Asian-American, University Lecturer in Hawaii on I.T. Ex-telecom consultant for global companies 3 prior tech-venture successes (merged) Currently business development for fax/modem vendor – working with online services AOL, CS Worked with Wang on PXD & at Booz-Allen Others Kagoshima University unknown, unsettled? can current university staff change to for-profit model? © 2008, Jay A. Smith Page 304 PacNet Business Strategy - Goal Goal (p.8): Become dominant provider of Internet services to Pacific Rim businesses, professionals and corporate research, in 3-4 years Possible? likely? dreaming? necessary? Kagoshima University © 2008, Jay A. Smith Page 305 PacNet Business Strategy - Plan Rapidly acquire existing nodes/PINs from universities Develop new services, with partners Expand marketing and sales Improve operations and efficiency Hawaii Tokyo Stanford Kyoto Seoul Taiwan San Diego Hong Kong Singapore Sydney Kagoshima University Washington © 2008, Jay A. Smith Potential Pacnet Network Page 306 Competition Current: PSI, ANS, Universities Future: Big Players?: NTT, ATT, MCI+ many resources, customer relationships, access does Internet compete with their current business Other Dr. Wongs: is he the only one “sensing” this Online services: AOL, Compuserve (not mentioned as direct competitors, but as Nakamoto’s contacts) Competitive Advantages Kagoshima University Entrenched customer base Proprietary software High switching costs Geographic focus © 2008, Jay A. Smith Page 307 Market & Customer Target Current: 10 million users Target: Educators, scientists, some businesses Used globally Pacific Rim (currently 2 million) – large, fast growing Move focus to commercial business (expect 50% use) Businesses, professionals, corporate research (not consumer, not e-commerce) Key product requirements for corporate use Economical Reliable Convenient Kagoshima University © 2008, Jay A. Smith Page 308 Chasm Challenge Move from innovator/early adopters in to Early Majority Main Market Academics Tech. Fans Innovators Early Adopters Early Majority Late Majority Laggards Time Kagoshima University © 2008, Jay A. Smith Page 309 Revenue Forecast Assumptions (p19) PIN Access $29.9 million by 1997 200 customers/PIN @ $24,000/large customer Add 100/PIN/Year <$24,000? Value-Added Services $13 million by 1997 Kagoshima University $9.1 mil. Security <<$24,000/customer/year $3.9 mil. Interface © 2008, Jay A. Smith Page 310 Expand marketing and sales Create sales force at each PIN Staged 3-vert. solutions Segment Targeting 2-new products Good order? Better order? 1-redesign Vertical Markets: Trading, Auto, Chem., Elect., Indus., Fin’l… Pacific Rim Fortune 1000 Technical Departments in Medium And Small High Tech Companies expand Now Large High Tech Firms Is PacNet a marketing-based company or technology company? How important is sales and marketing? Much of target segment is unaware of Internet Very expensive marketing Kagoshima University © 2008, Jay A. Smith Page 311 Rapidly acquire existing nodes Preemptive strategy Acquire from universities Acquisition risks Will universities sell? Can they? National differences? Is the “cash infusion” significant for them? Need 7 PINs for plan “Critical mass” (p.9) (versus build own) “why 7?” Have yet to show success, or step toward contract Kagoshima University © 2008, Jay A. Smith Page 312 Develop new services, with partners Provide new proprietary products and services New revenue source Adds to inherent value of network Improve ease-of-use, create proprietary service Partner (rather than develop) – lowers investment, focuses, moves faster, co-ops brand (e.g. Reuters) What is their special “know-how” if everything comes from outside? Kagoshima University © 2008, Jay A. Smith Page 313 Improve operations and efficiency Standardize systems, equipment Consolidate operations Bigger has lower cost/unit Are these realistic, significant? Communication services under one supplier (p12) Economies of Scale Development, installation, maintenance Customer service Operations, customer service across borders? One supplier risk Many PINs have backlog of unfulfilled orders Kagoshima University © 2008, Jay A. Smith (p16) Page 314 PacNet Use of Cash PIN acquisitions Software development (more needed earlier $4.8 mil. total) (grow from $1.4-3.0 million) Equipment purchases (become largest in 1995) Daily business operations (working capital) Strategy: Minimize cash needs by partnering using stock for acquisitions Assumes all PINs operating at “breakeven” Kagoshima University Assumes PINs are not losing money © 2008, Jay A. Smith Page 315 Financial Statements Income Statement (where is the mistake) Sources & Uses (Cash Flow, Statement of Changes) Why include this? Why 30 P/E Explains PIN ownership Assumptions What are the key assets, liabilities? Value Projection (rare and dangerous) Where does cash come from? Where does it go? How much cash is needed, when? Balance Sheet Costs: Staff 25%, Telecom: 20% 24% of operational cost is depreciation Installation? Biggest? First year month-by-month missing Kagoshima University © 2008, Jay A. Smith Page 316 Investors & Ownership Two private placements 1993 $6 million 1994 $6 million (after 3 PINs acquired) Stock types Common Unrestricted Preferred Restricted Option Pool 1997 Investors 37.5% Founders 18.75% Options 18.75% PIN 25% Investors (Series A, B) PIN (Series C, D, E, F) Stock pricing increases over time Kagoshima University © 2008, Jay A. Smith Page 317 Risks (which is biggest?) Acquisition Strategy not successful Software Partnership risks Value-added services not successful Depend on key employees Changes in government policies Major play competition May acquire PacNet if it is at “critical mass” Unable to raise second round Other, unstated risks? Kagoshima University © 2008, Jay A. Smith Page 318 Business Presentation/Plan Workshop Widget Inc format Truck It Now Your Business ideas Kagoshima University © 2008, Jay A. Smith Page 319 Final Assignments (1-2 people/plan) 1/25 Final Presentations (English) 10-15 minute presentation plus Q&A I may also interrupt with questions Try to use format – cover the issues Goal: convince to make investment 2/?? Final Report (English) Kagoshima University Executive summary 3 pages (English) – similar to Truck it Now Goal: convince to make investment © 2008, Jay A. Smith Page 320 Advice and Comments Relax and enjoy the opportunity English need not be perfect Business communication is key Communication occurs when the listener/reader understands Adjust to your own presentation style, strengths/weaknesses Kagoshima University © 2008, Jay A. Smith Page 321 Communications Strategy Why? – Why communicating? What’s your goal? Who? – Who is your audience? What? –What do you want them to know? How? – Approach, Tone, Format When? – Time, how long, how often Where? – Location, mode (online, real) So? - Are you convincing? Would you invest? Kagoshima University © 2008, Jay A. Smith Page 322 So What? In classical times when Cicero had finished speaking, the people said, ‘How well he spoke,’ but when Demosthenes had finished speaking, they said, ‘Let us march.’ —Adlai Stevenson Kagoshima University © 2008, Jay A. Smith Page 323 Business Plan Insights Business Plan is a “sales” document Most plans never read by Partner Used to get investor to buy part of company Used for internal planning Most filtered out by junior staff May read exec summary Good Length about 20 pages 2-5 page executive summary 2-3 pages of financials Additional support in appendices Kagoshima University © 2008, Jay A. Smith Page 324 A Good Plan Concisely Explains… Why this is a great idea How it will be executed How return will be maximized How risk will be minimized What is the sustainable competitive advantage / barriers to entry (being copied) Kagoshima University © 2008, Jay A. Smith Page 325 Executive Summary Most important section Often used to filter out plans Often written/revised last Typical Components Kagoshima University Vision Statement – What we want to create Mission Statement – How we create it Business Strategy & Model Summary of key components Credible promotion of investment opportunity © 2008, Jay A. Smith Page 326 Class Schedule (Revised B) 5/28 6/4 6/11 6/18 6/25 (水)12:50-14:20 (水)12:50-14:20 (水)12:50-14:20 (水)12:50-14:20 (水)12:50-14:20 ① ② ③ ④ ⑤ Intro/ Self-Introductions Getting Your Point Across Casual Business Conversations Understanding Business News PR & Marketing Communication 7/2 (水)12:50-14:20 ⑥ 7/9 (水)12:50-14:20 ⑦ 7/16 (水)12:50-14:20 ⑧ Professional Correspondence Science & Technology Writing Working With New Media 10/8 (水)12:50-14:20 ⑨ Public Speaking 11/12(水)12:50-14:20 11/19(水)12:50-14:20 11/26(水)12:50-14:20 12/3 (水)12:50-14:20 12/10(水)12:50-14:20 12/17(水)12:50-14:20 Elevator Pitches Business/Tech Project Plan Case Study Initial Presentation Business/Tech Project Plan Workshop Final Plan Presentation Final Plan Presentation (continued) ⑩ ⑪ ⑫ ⑬ ⑭ ⑮ 12/5? Cocktail Party Exercise Office Hour: Tues: 13:30-15:00 VBL 2F Kagoshima University 1/11(木) 電話285-3630 btce2008@bizsmith.com © 2008, Jay A. Smith Final Report Due Page 327