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スタートアップMBA~スタートアップ戦略の極意

 スタートアップMBA~スタートアップ戦略の極意

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masa tadokoro

April 21, 2020
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  1. ελʔτΞοϓઓུͷۃҙ 4UBSUVQ.#"γϦʔζ

  2. Ϗδϣϯ ݱঢ় ʢෆ͕ଘࡏ͢Δੈքʣ Ϗδϣϯ ʢෆ͕ղফ͞Εͨੈքʣ ઓུɹɹ ܦӦऀͷࢥ͍ߟ͑ ܦӦਞͷࢥ͍.JTTJPO 7BMVF νʔϜ

    ઓज़ ઓज़ ઓज़ ސ٬ ސ٬΁ͷಠࣗͷՁ஋ఏҊ
  3. S .BSLFUJOH 'JFME 4BMFT $VTUPNFS 4VDDFTT *OTJEF 4BMFT )3૊৫ઓུਓࡐͷ੒௕ $VTUPNFS3FMBUJPOTIJQ&OHBHFNFOU

    .JTTJPO7JTJPO7BMVF 'JOBODJBM $VTUPNFS *OUFSOBM 1SPDFTT )3 0SHBOJ[BUJPO .77 4USBUFHZ ίʔϙϨʔτϓϩηεʢ஌ࡒɾ๏཯ɾΨόφϯεFUDʣ 4UBLFIPMEFS3FMBUJPOT 69ઃܭ ϓϩμΫτ։ൃϓϩηε 0& %BUB ׆༻ 'JOBODF7BMVBUJPO ઓུʢ1.''FBTJCJMJUZ4DBMBCJMJUZ%FGFOTJCJMJUZ
  4. None
  5. Ϣχίʔϯͷఆٛ Λ໌֬ʹ͢Δ

  6. 4DBMBCJMJUZ )JHI -PX .JEEMF )JHI 1.' 'FBTJCJMJUZ .JEEMF -PX -PX

    )JHI .JEEMF %FGFOTJCJMJUZ
  7. 4DBMBCJMJUZ )JHI -PX .JEEMF )JHI 1.' 'FBTJCJMJUZ .JEEMF -PX -PX

    )JHI .JEEMF %FGFOTJCJMJUZ μϝμϝ ࣄۀ
  8. 4DBMBCJMJUZ )JHI -PX .JEEMF )JHI 1.' 'FBTJCJMJUZ .JEEMF -PX -PX

    )JHI .JEEMF %FGFOTJCJMJUZ μϝμϝ ࣄۀ ऑ͍4NBMM #VTJOFTT ڧ͍4NBMM #VTJOFTT
  9. 4DBMBCJMJUZ )JHI -PX .JEEMF )JHI 1.' 'FBTJCJMJUZ .JEEMF -PX -PX

    )JHI .JEEMF %FGFOTJCJMJUZ ݚڀܕ εϞʔϧ Ϗδωε μϝμϝ ࣄۀ ໪ମͳ͍ ઓུͳ͠ ελʔτ Ξοϓ ແ๳ͳ ελʔτ Ξοϓ
  10. 4DBMBCJMJUZ )JHI -PX .JEEMF )JHI 1.' 'FBTJCJMJUZ .JEEMF -PX -PX

    )JHI .JEEMF %FGFOTJCJMJUZ μϝμϝ ࣄۀ ;FCSBܕ ελʔτΞοϓ 6OJDPSOܕ ελʔτΞοϓ
  11. 4DBMBCJMJUZ )JHI -PX .JEEMF )JHI 1.' 'FBTJCJMJUZ .JEEMF -PX -PX

    )JHI .JEEMF %FGFOTJCJMJUZ ;FCSBܕ ελʔτΞοϓ 6OJDPSOܕ ελʔτΞοϓ ऑ͍4NBMM #VTJOFTT ڧ͍4NBMM #VTJOFTT ݚڀܕ εϞʔϧ Ϗδωε ໪ମͳ͍ ઓུͳ͠ ελʔτ Ξοϓ ແ๳ͳ ελʔτ Ξοϓ μϝμϝ ࣄۀ
  12. IUUQTXXXDCJOTJHIUTDPNSFTFBSDIVOJDPSODPNQBOJFT

  13. ࢀরɿIUUQTCMPHCUSBYDPNKQ[FCSB

  14. 1SF4FFE 4FFE 4FSJFT" 4FSJFT#d ʢεέʔϧΛ໨ࢦ͢ʣ 1SF*10 *10Λ໨ࢦ͢ʣ $1'14'Λ໨ࢦ͢ ʢ1.ୡ੒Λ໨ࢦ͢ʣ ʢ6OJUFDPOPNJDT݈શԽʣ

    1PTU*10 *10ޙͷ੒௕ʣ ઓུͷ $4' ϚΠϧ ετʔϯ ࣄྫ 1.''FBTJCJMJUZͷߴ͍ઓུ͕͋Δ 4DBMBCJMJUZͷߴ͍ઓུ͕͋Δ 'FBTJCJMJUZͱ4DBMBCJMJUZཱ͕྆Ͱ͖͍ͯΔ 1.'Λୡ੒Ͱ͖͍ͯΔ %FGFOTJCJMJUZͷߏஙʹணख %FGFOTJCJMJUZ͕༗ػతʹ݁߹ͯ͠ڧྗͳ༏Ґੑʹͳ͍ͬͯΔ γφδʔͷ͋ΔϓϩμΫτ ϙʔτϑΥϦΦ͕Ͱ͖͍ͯΔ ϏδωεϩʔυϚοϓ͕ߏஙͰ͖͍ͯΔ
  15. *EFBUJPO $1' 14' 1.' 554 4DBMF *10 1PTU *10 1SPEVDU

    .BSLFU 'PVOEFS 5FBN 'JOBODF $1' 3JTL 'PVOEFS*TTVF'JU 3JTL *OJUJBM$BQJUBMJ[BUJPO 3JTL 'PVOEFS3FBEJOFTT3JTL 5FDI 'FBTJCJMJUZ 3JTL 1SPEVDU -BVODI 3JTL #VSO3JTL 1JWPU5PMFSBUJPO3JTL 1.' 3JTL 'PVOEJOH5FBN #VJMEJOH3JTL $PGPVOEFS4IBSF"MMPDBUJPO 3JTL 6OJU &DPOPNJDT 3JTL (SPXUI 3JTL )JSJOHSJTL *10 3JTL *10४උ 3JTL 4UPDL%JMVUJPO3JTL $POHMPNFSBUF %JTDPVOU3JTL 1PTU*10(SPXUI 3JTL %FGFOTJCJMJUZ#VJMEJOH3JTL 'PVOEFSUP$&0 5SBOTGPSN3JTL 1PTU*10)3 SJTL 4VDDFTT4UBUVT 2VP3JTL 0QFSBUJPOCMBDLCPY3JTL 4VDDFTTPS3JTL 1SFTFFE 4FFE 4FSJFT" 4FSJFT#d 1SF*10 $&01VCMJD'JHVSF 5SBOTGPSN3JTL 5BMFOU3FUFOUJPO3JTL 'VOESBJTJOH3JTL $VMUVSF#SFBL3JTL 4USBUFHZͰ ରԠ͢ΔϦεΫ
  16. *EFBUJPO $1' 14' 1.' 554 4DBMF *10 1PTU *10 1SPEVDU

    .BSLFU 'PVOEFS 5FBN 'JOBODF $1' 3JTL 'PVOEFS*TTVF'JU 3JTL *OJUJBM$BQJUBMJ[BUJPO 3JTL 'PVOEFS3FBEJOFTT3JTL 5FDI 'FBTJCJMJUZ 3JTL 1SPEVDU -BVODI 3JTL #VSO3JTL 1JWPU5PMFSBUJPO3JTL 1.' 3JTL 'PVOEJOH5FBN #VJMEJOH3JTL $PGPVOEFS4IBSF"MMPDBUJPO 3JTL 6OJU &DPOPNJDT 3JTL (SPXUI 3JTL )JSJOHSJTL *10 3JTL *10४උ 3JTL 4UPDL%JMVUJPO3JTL $POHMPNFSBUF %JTDPVOU3JTL 1PTU*10(SPXUI 3JTL %FGFOTJCJMJUZ#VJMEJOH3JTL 'PVOEFSUP$&0 5SBOTGPSN3JTL 1PTU*10)3 SJTL 4VDDFTT4UBUVT 2VP3JTL 0QFSBUJPOCMBDLCPY3JTL 4VDDFTTPS3JTL 1SFTFFE 4FFE 4FSJFT" 4FSJFT#d 1SF*10 $&01VCMJD'JHVSF 5SBOTGPSN3JTL 5BMFOU3FUFOUJPO3JTL 'VOESBJTJOH3JTL $VMUVSF#SFBL3JTL
  17. ελʔτΞοϓͷઓུʹ ඞཁͳͷ͸̏ͭͷཁૉʹͳΔ

  18. 'FBTJCJMJUZ 1.'ͷ࣮ݱՄೳੑʣ 4DBMBCJMJUZ ʢεέʔϧͰ͖Δ͔ʣ %FGFOTJCJMJUZ ɹɹɹɹɹɹʢڝ߹༏ҐੑΛ ɹɹɹɹɹɹɹங͚Δ͔ʣ

  19. 'FBTJCJMJUZ 1.'ͷ࣮ݱՄೳੑʣ 4DBMBCJMJUZ ʢεέʔϧͰ͖Δ͔ʣ %FGFOTJCJMJUZ ɹɹɹɹɹɹʢڝ߹༏ҐੑΛ ɹɹɹɹɹɹɹங͚Δ͔ʣ

  20. 4UBSUVQ4DJFODFͷશεςοϓ 

  21. $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE 4UBSUVQ4DJFODF *EFBUJPO $VTUPNFS 1SPCMFN 'JU 1SPCMFN 4PMVUJPO 'JU 1SPEVDU

    .BSLFU 'JU 6OJU &DPOPNJDT ݈શԽ 4DBMF 4UBSUVQ 4UBHF 4UBHF DIFDL QPJOU ɾελʔτΞοϓ ϝλݪଇཧղΛ Ͱ͖͔ͨʁ ɾૂ͏΂͖ࢢ৔ͷ ݕূ͠1MBO"Λ ࡞੒Ͱ͖͔ͨʁ ɾΤόϯδΣϦετ ΧελϚʔͱͷର࿩Λ ௨ͯ͡ɺ࣭ͷߴ͍ ՝୊ԾઆΛ ݴޠԽͰ͖͔ͨʁ ɾΤόϯδΣϦετ ΧελϚʔͱͷର࿩Λ ௨ͯ͡ɺద੾ͳ ιϦϡʔγϣϯΛఏڙ Ͱ͖ΔϓϩτλΠϓΛ ࡞Ε͔ͨʁ ɾΧελϚʔ͕ ཉ͕͠Δ΋ͷΛ ࡞Ε͔ͨʁ ʢߴ͍ఆண཰ʣ ɾϏδωεΛ εέʔϧ͢ΔͨΊʹ 6OJU&DPOPNJDTΛ ݈શԽʢ-57$1"  Ͱ͖͔ͨʁ ɾ4UBSUVQͷ ݪଇཧղ ɾࢢ৔ͷཧղ ɾΞΠσΟΞݕূ ɾ1MBO"ͷ࡞੒ ɾ՝୊Ծઆͷߏங ɾ՝୊ͷલఏ৚݅ ਅҼͷચ͍ग़͠ ɾސ٬ͱ࿩Λ͢Δ ɾ૑ۀϝϯόʔͱ՝୊ ͕'JU͢Δ͔ݟۃΊΔ ɾސ٬ͷ69ԾઆΛ ཱͯΔ ɾϓϩτλΠϓΛ࡞Δ ɾސ٬ʹΠϯλϏϡʔ ɾϓϩτλΠϓΛ ΠςϨʔγϣϯ͢Δ ɾ૑ۀϝϯόʔΛݻΊΔ ɾ.71Λ࡞Δ ɾΤόϯδΣϦετ ʹϓϩμΫτΛಧ͚Δ ɾఆྔఆੑݕূ͢Δ ɾސ٬ͱର࿩͠69վળ ɾϓϩμΫτΛ ΠςϨʔγϣϯ ɾඞཁʹԠͯ͡ϐϘοτ ɾֶश͢ΔνʔϜΛ࡞Δ ɾ-57Λ࠷େԽ͢Δ ͨΊͷࢪࡦ ɾ$1"ΛԼ͛Δ ʢϑΝωϧͷ࠷దԽɺ ίϯςϯπϚʔέɺ (SPXUI)BDL  ɾϏδωεϓϩηε ͷ࠷దԽ ׆༻͢Δ ϑϨʔϜ ϫʔΫ ϊ΢ϋ΢ πʔϧ ɾ՝୊υϦϒϯ ɾආ͚Δ΂͖͜ͱ Ϧετ ɾ1&45෼ੳ ɾΠϊϕʔγϣϯཧ࿦ ɾϏδωεΞΠσΞͷܕ ɾϦʔϯΩϟϯύε ɾϦʔϯελʔτΞοϓ ɾϖϧιφ ɾΧελϚʔετʔϦʔ ɾδϟϕϦϯϘʔυ ɾΤόϯδΣϦετ ΧελϚʔ ɾ՝୊ΠϯλϏϡʔ ɾ,+๏ ɾδϣϒγϟυʔΠϯά ɾϓϩτλΠϓΧϯόϯ ɾιϦϡʔγϣϯ ΠϯλϏϡʔ ɾΤϨϕʔλʔϐον ɾϖʔύʔϓϩτ ɾπʔϧϓϩτ ɾΧʔυιʔτ ɾแׅత69 ɾϓϩμΫτΠϯλϏϡʔ ɾσβΠϯεϓϦϯτ ɾڞಉ૑ۀऀͷϝϯόʔߏ੒ ɾΠςϨʔγϣϯΩϟϯύε ɾετʔϦʔΧϯόϯϘʔυ ɾ""333 ɾ.71λΠϓ ɾϝτϦΫεઃఆ ɾ.71ΠϯλϏϡʔ ɾ1.'ϑϩʔνϟʔτ ɾίϗʔτ෼ੳ ɾλεΫΧϯόϯϘʔυ ɾ)PPLFEϞσϧ ɾ1JWPUλΠϓ ɾ6OJU&DPOPNJDT ɾϑΝωϧ࠷దԽ ɾίϯςϯπ ϚʔέςΟϯά ɾάϩʔεϋοΫ ɾϚδοΫϞʔϝϯτ ֤εςʔδ ͷ5PEP
  22. ɾͲ͜ͷࢢ৔͔Β࢝ΊΔͱ1.'Ͱ͖ͦ͏͔ ɾͲͷϏδωεϞσϧ͔Β࢝ΊΔͱ1.'͠΍͍͔͢ 'FBTJCJMJUZ  1.'ͷ࣮ݱՄೳੑʣ

  23. ͦ΋ͦ΋ 1.'͠ͳ͚Ε͹࢝·Βͳ͍

  24. *EFBUJPO $1' 14' 1.' 554 4DBMF *10 1PTU *10 1SPEVDU

    .BSLFU 'PVOEFS 5FBN 'JOBODF $1' 3JTL 'PVOEFS*TTVF'JU 3JTL *OJUJBM$BQJUBMJ[BUJPO 3JTL 'PVOEFS3FBEJOFTT3JTL 5FDI 'FBTJCJMJUZ 3JTL 1SPEVDU -BVODI 3JTL #VSO3JTL 1JWPU5PMFSBUJPO3JTL 1.' 3JTL 'PVOEJOH5FBN #VJMEJOH3JTL $PGPVOEFS4IBSF"MMPDBUJPO 3JTL 6OJU &DPOPNJDT 3JTL (SPXUI 3JTL )JSJOHSJTL *10 3JTL *10४උ 3JTL 4UPDL%JMVUJPO3JTL $POHMPNFSBUF %JTDPVOU3JTL 1PTU*10(SPXUI 3JTL %FGFOTJCJMJUZ#VJMEJOH3JTL 'PVOEFSUP$&0 5SBOTGPSN3JTL 1PTU*10)3 SJTL 4VDDFTT4UBUVT 2VP3JTL 0QFSBUJPOCMBDLCPY3JTL 4VDDFTTPS3JTL 1SFTFFE 4FFE 4FSJFT" 4FSJFT#d 1SF*10 $&01VCMJD'JHVSF 5SBOTGPSN3JTL 5BMFOU3FUFOUJPO3JTL 'VOESBJTJOH3JTL $VMUVSF#SFBL3JTL ΄ͱΜͲͷ ελʔτΞοϓ ͕͜ͷนʹ Ϳͪ౰ͨΔ
  25. Ͳͷࢢ৔Ͱ1.'Λૂ͏͔ʁ

  26. ઓུͷຊ࣭͸ԿΛ΍Βͳ͍͔ Λબ୒͢Δ͜ͱͩ

  27. ࠷ॳ͸ খ͞ͳࢢ৔Ͱ1.'Λૂ͏

  28. zখͯ͘͞΋Α͍ͷͰ ࢢ৔Λಠ઎ͤΑɻ ڝ૪͸ෛ͚ݘͷ͢Δ͜ͱ ͩz  1FUFS5IFJM 4UBOGPSE-BX4DIPPM-FDUVSF $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE 4UBSUVQ4DJFODF

  29. ("'".͸શͯ খ͞ͳࢢ৔͔Β࢝Ίͨ

  30. 'BDFCPPL΋εέʔϧͤͣʹہ஍ઓ ࠷ॳ͸ΞΠϏʔϦʔάͷେֶͰͷΈల։ʣ Ͱѹ౗ͨ͠ $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE 4UBSUVQ4DJFODF

  31. zେֶΛ૿΍͠ͳ͕Βɺ ঃʑʹ࠷దԽ͠·ͨ͠ɻ ػೳΛ௥Ճͯ͠ɺͦΕΛ͔֬Ίͯ ͦΕ͕͏·͍ͬͨ͘Β ࣍ͷେֶʹ߈ΊࠐΉɺ ͱ͍͏ϓϩηεΛ౿Έ·ͨ͠z .BSL;VLFSCVSH $&0 'BDFCPL $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE

    4UBSUVQ4DJFODF
  32. ޿ൣғ ΞΠϏʔ Ϧʔάͷେֶ ϚʔέοτγΣΞ ߴ͍  $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE 4UBSUVQ4DJFODF ௿͍ ରԠՄೳ

    ࢢ৔ͷ େ͖͞ ࠷ॳ͸ΞΠϏʔϦʔά ͷΤϦʔτߍͷΈΛ λʔήοτʹͨ͠
  33. ޿ൣғ ΞΠϏʔ Ϧʔά ϚʔέοτγΣΞ ߴ͍ $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE 4UBSUVQ4DJFODF ௿͍ ରԠՄೳ ࢢ৔ͷ

    େ͖͞ શถͷ େֶ ݶఆࢢ৔ͷ γΣΞΛߴΊ͔ͯΒ पลࢢ৔ʹ߈ΊࠐΜͩ
  34. ొΔࢁΛܾΊΔ ʢͲ͔͜ΒొΔ͔ܾΊΔʣ

  35. େ੎ͷϢʔβʔΛϋοϐʔʹ͢Δલʹɺ ҰਓͷϢʔβʔΛ׬શʹϋοϐʔʹ͢Δʹ͸ Ͳ͏͢Ε͹Α͍ͷ͔Λߟ͑Δ $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE

  36. ଟ͍ গͳ͍ $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE ࠷ॳ͸ Ϣʔβʔ਺Λ ૿΍͢ͷͰ͸ͳ͘ ΤϯήʔδϝϯτΛ ߴΊΔʂ 4UBSUVQ4DJFODF Ϣʔβʔ਺

    5SBDUJPO ϓϩμΫτʹର͢Δ ϢʔβʔΤϯήʔδϝϯτ େϑΝϯ ͦͦ͜͜ ޷͖
  37. ̍̌̌ສਓͷϢʔβʔ͕ɺ ͦͷαʔϏεΛzͦͦ͜͜޷͖zͱݴ͍ͬͯΔ ͦͷ̍̌̌ສਓΛ େϑΝϯʹ͢Δͷ͸ඇৗʹ೉͍͠ $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE

  38. ϓϩμΫτʹର͢Δ ϢʔβʔΤϯήʔδϝϯτ Ϣʔβʔ਺ 5SBDUJPO େϑΝϯ ͦͦ͜͜ ޷͖ 9 $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE ͜ͷ

    ύε͸ଘࡏ͠ͳ͍ 4UBSUVQ4DJFODF ଟ͍ গͳ͍
  39. ඦਓʹѪ͞ΕΕ͹ ͦͷඦਓ͕ɺͦΕͧΕ͕஌ਓඦਓʹ ϓϩμΫτΛનΊͯ͘ΕΔ $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE

  40. $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE ΤϯήʔδϝϯτΛ ߴΊ͔ͯΒ Ϣʔβʔ਺Λ૿΍͢ 4UBSUVQ4DJFODF Ϣʔβʔ਺ 5SBDUJPO ϓϩμΫτʹର͢Δ ϢʔβʔΤϯήʔδϝϯτ େϑΝϯ

    ͦͦ͜͜ ޷͖ ଟ͍ গͳ͍
  41. ϓϩμΫτʹର͢Δ ϢʔβʔΤϯήʔδϝϯτ Ϣʔβʔ਺ 5SBDUJPO େϑΝϯ ͦͦ͜͜ ޷͖ 9 $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE ͦͦ͜͜޷͖ͳଟ͘ͷਓ

    ΛେϑΝϯʹ͢Δ ύε͸ଘࡏ͠ͳ͍ 4UBSUVQ4DJFODF ଟ͍ গͳ͍ গͳ͍ਓΛ େϑΝϯʹ͔ͯ͠Β ͦͷ਺Λ૿΍͢
  42. Ұͭͷ঎ࡐʢຊʣʹରͯ͠ ѹ౗తͳ඼ἧ͑ʢສλΠτϧʣ Λ༻ҙͨ͠ $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE 4UBSUVQ4DJFODF

  43. ΞϚκϯ͸ ΦϯϥΠϯখചࢢ৔Λࢧ഑͢Δ ͱ͍͏ϏδϣϯΛ͍࣋ͬͯͨ ͔͠͠ɺ࠷ॳ͸ҙਤతʹ ॻ੶ྖҬ͔Β࢝Ίͨ ॻ੶ͳΒ͹ɺԿඦສλΠτϧͰ͋ͬͯ΋ ΧλϩάԽͰ͖Δ͠ɺ͢΂͕ͯಉ͡ܗঢ়ͳͷͰൃૹ͠΍͍͢ $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE

  44. ຊ౰ͷΤϒϦγϯάετΞ Λ্ཱͪ͛Δͷ͸ແཧͩɻ গͳ͘ͱ΋࠷ॳ͔Β͸ɺ ͦ͏ߟ͑ͨϕιε͸ɺ ίϯϐϡʔλιϑτ΢ΣΞɺ ࣄ຿༻඼ɺΞύϨϧ ԻָͳͲީิͱͳΔ छྨΛϦετΞοϓͨ͠ɻ ݁࿦zॻ੶͕Ұ൪͍͍zͩͬͨ

  45. ޿ൣғ ॻ੶ ϚʔέοτγΣΞ ߴ͍ $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE ·ͣݶఆతͳ ࢢ৔Ͱ ಠ઎Λૂ͏ 4UBSUVQ4DJFODF ௿͍

    ରԠՄೳ ࢢ৔ͷ େ͖͞ ѹ౗తͳ඼ἧ͑ʹΑΔ ߴ͍ϚʔέοτγΣΞΛ֬อͨ͠
  46. ॻ੶ͷ पลࢢ৔ʹ ޿͛Δ ೥ͷ"NB[PO $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE

  47. ޿ൣғ ॻ੶ ϚʔέοτγΣΞ ߴ͍ $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE ݶఆࢢ৔ͷ γΣΞΛߴΊ͔ͯΒ पลࢢ৔ʹ߈ΊࠐΜͩ 4UBSUVQ4DJFODF ௿͍

    ରԠՄೳ ࢢ৔ͷ େ͖͞ पลࢢ৔ $%ɺϏσΦʣ
  48. ॳظͷ"JS#/#͸ΠϕϯτΛλʔήοτ ʹͨ͠ʢΠϕϯτ͕͋Δͱधཁʹൺ΂ͯ ϗςϧͷڙڅ͕গͳ͘ͳΔʣ ͦͷதͰ͍Ζ͍ΖͳωοτϫʔΫ΍ ϊ΢ϋ΢Λ஝ੵͨ͠ $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE 4UBSUVQ4DJFODF https://medium.com/cs183c-blitzscaling-class-collection/scaling-airbnb-with-brian-chesky-class-18-notes-of-stanford-university-s-cs183c-3fcf75778358

  49. ޿ൣғ Πϕϯτ ʹ൐͏॓ധ ϚʔέοτγΣΞ ߴ͍ $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE 4UBSUVQ4DJFODF ௿͍ ରԠՄೳ ࢢ৔ͷ

    େ͖͞ େ౷ྖબɺ8ഋɺϛϡʔ δοΫϑΣεςΟόϧͳ ͲΛλʔήοτʹͨ͠
  50. "JSCOC͸ɺ ࠷ॳʹαʔϏεϦϦʔε͢Δ࣌ͷ ΧελϚʔηάϝϯτΛ େن໛ίϯϕϯγϣϯʹૂ͍ΛఆΊͨɻ ଟ͘ͷདྷ٬͕ݟࠐ·Ε ϗςϧͷ෦԰͕଍Γͳ͘ͳΔ͜ͱ͕ Θ͔͍ͬͯͨͷͰɺͦͷ৔ॴͱ λΠϛϯάΛ౰ͯࠐΜͰͷϓϩϞΛ ల։ͨ͠ $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE

  51. ޿ൣғ ϚʔέοτγΣΞ ߴ͍ $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE ࢿۚௐୡ͕ ׬͔ྃͯ͠Β େ౎ࢢΛ߈Ίͨ 4UBSUVQ4DJFODF ௿͍ ରԠՄೳ

    ࢢ৔ͷ େ͖͞ χϡʔϤʔΫ ͳͲͷେ౎ࢢ Πϕϯτ ʹ൐͏॓ധ
  52. ͢Ͱʹେ͖͘ ͳ͍ͬͯΔ ࢢ৔Λૂ͏ ଞͷاۀ΋ େ͖͞Λೝࣝ ࢢ৔͕ڝ߹ ͰࠞΈ߹͏ Ϧιʔε΍ ΦϖϨʔγϣϯɺ ੡඼Ձ֨ͷઓ͍ʹͳΔ

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  53. 4NBMM.BTTΛ ૂ͍ʹߦ͘

  54. ݱࡏͷ ࢢ৔ ن໛ ௿͍ ߴ͍ ଘࡏ ͠ͳ͍ ࢢ৔ͷ੒௕ੑ ௿͍ ߴ͍

    ࣮͸ߴ͍͕ ·ͩؾ෇͔Ε͍ͯͳ͍ ౤ࢿճऩ͕ ߦΘΕͨ ੒ख़࢈ۀ େاۀ͕ ੵۃ౤ࢿ ଟ͘ͷ ελʔτΞοϓ ͕ࢀೖ ͍͔ͭ͘ͷ ελʔτΞοϓ ͕ݕূ։࢝ 4NBMM.BTT ·ͩ୭΋໨Λ ͚͍ͭͯΔਓ͸ গͳ͍͕જࡏతʹ େ͖ͳࢢ৔ʣ Πϊϕʔγϣϯ ͷۭന 4UBSUVQ4DJFODF
  55. ࠷ॳʹλʔήοτͱ͢Δࢢ৔ͷ͜ͱ ͜͜ʹଐ͢Δސ٬͸ɺ՝୊Λೝࣝ͠ ͍ͯΔੵۃతʹιϦϡʔγϣϯΛ ୳͍ͯ͠ΔΞʔϦʔΞμϓλʔͰ͋Δ ΤϯτϦʔࢢ৔ͱ͸

  56. ޿ൣғ ݶఆ ϚʔέοτγΣΞ ߴ͍  ಠ઎ʣ $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE ·ͣݶఆతͳ ΤϯτϦʔࢢ৔Ͱ ಠ઎Λૂ͏

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  57. ہ஍ઓʹ ࣋ͪࠐΉʂ Ͳ͜Ͱ ઓ͏͔ʁ $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE 4UBSUVQ4DJFODF

  58. ૂ͏΂͖ΤϯτϦʔࢢ৔ͷ ղ૾౓ΛߴΊΔͨΊʹ (PUPNBSLFUQMBO ΛཱͯΔ

  59. (PUPNBSLFU͸ ॳظͷεςʔδ 1SF4FFE Ͱͳ͘ ޙͷεςʔδ 4FFE4FSJFT"  Ͱ΋ॏཁʹͳΔ

  60. ͲͷΑ͏ʹ΍Δͷ͔ʁ

  61. ࣄྫɿ ࣏ྍӃ޲͚ιϦϡʔγϣϯ

  62. ᶃࢢ৔ηάϝϯτͱ όϦϡʔνΣʔϯʢϓϩηεʣ ΛҼ਺෼ղ͢Δ

  63. όϦϡʔνΣʔϯ η ά ϝ ϯ τ େ ηάϝϯτ த ηάϝϯτ

    খ ηάϝϯτ ू٬ ༧໿؅ཧ υλΩϟϯ ରԠ ױऀ ؅ཧ ױऀ ఆணԽ ࣄ຿ ॲཧ ਓࣄ ࿑຿ ࣗඅ ࣏ྍ ݸਓ ܦӦ ֦େ ࢤ޲ ݱঢ় ҡ࣋ νΣʔϯ ֦େ ࢤ޲ ݱঢ় ҡ࣋ อݥ ࣏ྍ ݸਓ ܦӦ ֦େ ࢤ޲ ݱঢ় ҡ࣋ νΣʔϯ ֦େ ࢤ޲ ݱঢ় ҡ࣋ όϦϡʔνΣʔϯ ηάϝϯτ
  64. ϩδΧϧγϯΩϯάY ΫϦςΟΧϧγϯΩϯά Λϕʔεʹ.&$&ײͷ͋Δ ࢢ৔ηάϝϯτΛදݱͰ͖Δ͔ʁ

  65. ᶄχʔζʢ1BJOʣ͕ڧ͍ ηάϝϯτϓϩηε͸ Ͳ͔͜Λϓϩοτ͢Δ

  66. όϦϡʔνΣʔϯ η ά ϝ ϯ τ େ ηάϝϯτ த ηάϝϯτ

    খ ηάϝϯτ ू٬ ༧໿؅ཧ υλΩϟϯ ରԠ ױऀ ؅ཧ ױऀ ఆணԽ ࣄ຿ ॲཧ ਓࣄ ࿑຿ ࣗඅ ࣏ྍ ݸਓ ܦӦ ֦େ ࢤ޲ ˕ ˓ ˕ ˓ ˕ ˓ 9 ݱঢ় ҡ࣋ ˓ ˚ ˓ ˓ ˓ ˓ 9 νΣʔϯ ֦େ ࢤ޲ ˓ ˚ ˕ ˓ ˕ ˚ ˚ ݱঢ় ҡ࣋ ˓ ˚ ˓ ˓ ˓ ˚ ˚ อݥ ࣏ྍ ݸਓ ܦӦ ֦େ ࢤ޲ ˕ ˚ 9 ˚ ˚ ˕ ˓ ݱঢ় ҡ࣋ ˕ ˚ 9 ˚ ˚ ˕ ˓ νΣʔϯ ֦େ ࢤ޲ ˓ ˚ 9 ˚ ˚ ˚ 9 ݱঢ় ҡ࣋ ˓ ˚ 9 ˚ ˚ ˚ 9 ˕χʔζߴ˓χʔζத ˚χʔζ௿9χʔζͳ͠ ϓϩοτ͢Δ
  67. όϦϡʔνΣʔϯ η ά ϝ ϯ τ େ ηάϝϯτ த ηάϝϯτ

    খ ηάϝϯτ ू٬ ༧໿؅ཧ υλΩϟϯ ରԠ ױऀ ؅ཧ ױऀ ఆணԽ ࣄ຿ ॲཧ ਓࣄ ࿑຿ ࣗඅ ࣏ྍ ݸਓ ܦӦ ֦େ ࢤ޲ ˕ ˓ ˕ ˓ ˕ ˓ 9 ݱঢ় ҡ࣋ ˓ ˚ ˓ ˓ ˓ ˓ 9 νΣʔϯ ֦େ ࢤ޲ ˓ ˚ ˕ ˓ ˕ ˚ ˚ ݱঢ় ҡ࣋ ˓ ˚ ˓ ˓ ˓ ˚ ˚ อݥ ࣏ྍ ݸਓ ܦӦ ֦େ ࢤ޲ ˕ ˚ 9 ˚ ˚ ˕ ˓ ݱঢ় ҡ࣋ ˕ ˚ 9 ˚ ˚ ˕ ˓ νΣʔϯ ֦େ ࢤ޲ ˓ ˚ 9 ˚ ˚ ˚ 9 ݱঢ় ҡ࣋ ˓ ˚ 9 ˚ ˚ ˚ 9 ˕χʔζߴ˓χʔζத ˚χʔζ௿9χʔζͳ͠ χʔζ͕ ڧ͍ϓϩηε χʔζ͕ ڧ͍ϓϩηε χʔζ͕ ڧ͍ϓϩηε χʔζ͕ ڧ͍ϓϩηε χʔζ͕ ڧ͍ϓϩηε χʔζ͕ ڧ͍ϓϩηε χʔζ͕ ڧ͍ϓϩηε
  68. ࢢ৔ηάϝϯτΛͲ͏දݱ͢Δ͔ɺ ࢢ৔ΛͲͷΑ͏ʹ੾Γ෼͚Δ͔ͷ΋ ۀք஌ࣝΠϯαΠτ͕ඞཁʹͳΔ

  69. ೲಘײͷ͋Δϓϩοτ ʢ(PUPNBSLFUͷԾઆߏஙʣ ͕Ͱ͖ͳ͍৔߹ɺ ސ٬ސ٬՝୊ʹ͍ͭͯ ΋ͬͱਂ͍ཧղ΋ͬͱਂ͍ڞײ ͕ඞཁʹͳΔ

  70. ελʔτΞοϓͷϑΝ΢ϯμʔ͸ ΧελϚʔͷ๊͑Δ՝୊ͷઐ໳ՈʹͳΓ ΧελϚʔʹѪ͞ΕΔϓϩμΫτΛ ࡞Δ͜ͱ͚ͩͰ͋Δ $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE 4UBSUVQ4DJFODF

  71. ࠷௿Ͱ΋ɺ ΧελϚʔਓͷ ΠϯλϏϡʔΛߦ͏

  72. ##ͷ৔߹͸ɺ ʢ͓ۚΛग़͢༧ࢉΛ͍࣋ͬͯΔʣΫϥΠΞϯτ ͚ͩͰͳ͘ɺ࣮ࡍʹศӹΛड͚Δ ΤϯυϢʔβʔ΁ͷΠϯλϏϡʔΛߦ͏

  73. ΧελϚʔͷ੠ͦͷ΋ͷ͸ ΧελϚʔࣗ਎ͷzૉਓ෼ੳz΍ ද໘తͰ͋Δ͜ͱ͕ଟ͍ ͨͩ୯ʹ ΧελϚʔͷ੠Λฉ͚ͩ͘͸/( $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE 4UBSUVQ4DJFODF

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    ঱ঢ় ॲํ 8IZ 8IZ ద੾ͳ ιϦϡʔγϣϯఏҊ ϕϏʔ γολʔ
  76. ᶅࢢ৔αΠζΛ ໌֬ʹ͢Δ

  77. όϦϡʔνΣʔϯ η ά ϝ ϯ τ େ ηάϝϯτ த ηάϝϯτ

    খ ηάϝϯτ ू٬ ༧໿؅ཧ υλΩϟϯ ରԠ ױऀ ؅ཧ ױऀ ఆணԽ ࣄ຿ ॲཧ ਓࣄ ࿑຿ ࣗඅ ࣏ྍ ݸਓ ܦӦ ݅ ֦େࢤ޲ ݅ʣ ˕ ˓ ˕ ˓ ˕ ˓ 9 ݱঢ়ҡ࣋ ʢ݅ʣ ˓ ˚ ˓ ˓ ˓ ˓ 9 νΣʔϯ ݅ ֦େࢤ޲ ݅ʣ ˓ ˚ ˕ ˓ ˕ ˚ ˚ ݱঢ়ҡ࣋ ʢ݅ʣ ˓ ˚ ˓ ˓ ˓ ˚ ˚ อݥ ࣏ྍ ݸਓ ܦӦ ݅ ֦େࢤ޲ ݅ʣ ˕ ˚ 9 ˚ ˚ ˕ ˓ ݱঢ়ҡ࣋ ʢ݅ʣ ˕ ˚ 9 ˚ ˚ ˕ ˓ νΣʔϯ ݅ ֦େࢤ޲ ݅ʣ ˓ ˚ 9 ˚ ˚ ˚ 9 ݱঢ়ҡ࣋ ʢ݅ʣ ˓ ˚ 9 ˚ ˚ ˚ 9 ˕χʔζߴ˓χʔζத ˚χʔζ௿9χʔζͳ͠ ࢢ৔αΠζΛ ໌֬ʹ͢Δ
  78. ىۀՈ͸ϛΫϩঢ়گ ʢλʔήοτϢʔβʔͷΤίϊϛΫε΍ঢ়ଶ ͷઐ໳ՈʹͳΔ͚ͩͰͳ͘ɺ ϚΫϩঢ়گ ʢλʔήοτࢢ৔ͷঢ়گࠓޙɺ ࢢ৔͕Ͳ͏ਐԽ͢Δ͔ʣ ͷઐ໳ՈʹͳΔඞཁ͕͋Δ

  79. ਖ਼֬ͳϚΫϩ৘ใϑΝΫτʯΛ ԡ͍͑ͯ͞Δ͔ʁ ໼໺ܦࡁϨϙʔτ

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  81. ໼໺ܦࡁϨϙʔτzΠϯλʔωοτ޿ࠂࢢ৔z

  82. ໼໺ܦࡁϨϙʔτzΠϯλʔωοτ޿ࠂࢢ৔z

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  85. $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE 4UBSUVQ4DJFODF 1SPEVDU'VUVSF.BSLFU'JU

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  88. ࣗ෼͕࡞ΔϓϩμΫταʔϏε Λݱ࣌఺ͷࢢ৔ʹ࠷దԽ͠ͳ͍ $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE 4UBSUVQ4DJFODF ࣗ෼͕࡞ΔϓϩμΫταʔϏε Λগ͠ઌͷະདྷʹ࠷దԽ͢Δ

  89. όϦϡʔνΣʔϯ η ά ϝ ϯ τ େ ηάϝϯτ த ηάϝϯτ

    খ ηάϝϯτ ू٬ ༧໿؅ཧ υλΩϟϯ ରԠ ױऀ ؅ཧ ױऀ ఆணԽ ࣄ຿ ॲཧ ਓࣄ ࿑຿ ࣗඅ ࣏ྍ ݸਓ ܦӦ ݅ ֦େࢤ޲ ݅ ೥  ݅ ˕ ˓ ˕ ˓ ˕ ˓ 9 ݱঢ়ҡ࣋ ݅ ʢ೥ ݅ ˓ ˚ ˓ ˓ ˓ ˓ 9 νΣʔϯ ݅ ֦େࢤ޲ ݅ ೥ ݅ʣ ˓ ˚ ˕ ˓ ˕ ˚ ˚ ݱঢ়ҡ࣋ ݅ ೥ ݅ʣ ˓ ˚ ˓ ˓ ˓ ˚ ˚ อݥ ࣏ྍ ݸਓ ܦӦ ݅ ֦େࢤ޲ ݅ ʢ೥ ݅ʣ ˕ ˚ 9 ˚ ˚ ˕ ˓ ݱঢ়ҡ࣋ ݅ ʢ೥ ݅ʣ ˕ ˚ 9 ˚ ˚ ˕ ˓ νΣʔϯ ݅ ֦େࢤ޲ ݅ ೥ ݅ʣ ˓ ˚ 9 ˚ ˚ ˚ 9 ݱঢ়ҡ࣋ ݅ ೥ ݅ʣ ˓ ˚ 9 ˚ ˚ ˚ 9 ˕χʔζߴ˓χʔζத ˚χʔζ௿9χʔζͳ͠ ࣗ෼͕ͨͪ ࢢ৔Λ੮ר͢Δ࣌ظ ʹࢢ৔؀ڥ͕Ͳ͏ͳΔ͔ ͷղ૾౓ΛߴΊΔ
  90. ᶆΧελϚʔ͸ݱঢ়͸ͲͷΑ͏ͳ ୅ସιϦϡʔγϣϯ Λ׆༻͍ͯ͠Δ͔ʢڧ͍ΒΕ͍ͯΔ͔ʣʁ

  91. જࡏతސ٬΋ۀ຿ɾΦϖϨʔγϣϯʢ##ͷ৔߹ʣ ͱͯ͠΍͍ͬͯΔɺԿΒ͔ͷิ׬త΋͘͠͸෦෼త ʢෆશͳɺ΋͘͠͸ෆศͳ΋ͷͷՄೳ͕ߴ͍ʣ ୅ସιϦϡʔγϣϯͰ՝୊ʹରԠ͍ͯ͠Δ৔߹͕ଟ͍ ྫ͑͹ɺΤΫηϧͰாථͰ؅ཧ͍ͯ͠ΔͳͲɺ ݱঢ়ͷख࣋ͪͷπʔϧ΍ϦιʔεΛ૊Έ߹Θ͍ͤͯΔ৔߹ ͕΄ͱΜͲͰ͋Δ ʢ#$ͷ৔߹Ͱ΋ɺϦςϥγʔ͕͋Δఔ౓ߴ͍ਓ͸ɺ ୅ସҊͰରԠ͍ͯ͠Δʣ

  92. ݱঢ়ͷ୅ସҊ͸ɺͲ͏ෆศͰɺͲ͏ඇޮ཰Ͱɺ ͲͷΑ͏ͳఆྔతͳۀ຿අ༻͕ൃੜ͍ͯ͠Δ͔Λ ΠϯλϏϡʔͷதͰฉ͖ग़͢ ͦΕ͕ݱঢ়ͷ՝୊ͷ௧Έͷ౓߹͍Λ໌֬ʹ͢Δ ώϯτʹͳΔ ݱঢ়ͷ୅ସҊʹରͯ͠ඇৗʹෆຬΛײ͍ͯ͡Δ ͜ͱΛൃݟͰ͖ͨΒɺϏδωενϟϯεΛ ݟ͚ͭΔ͜ͱ͕Ͱ͖ΔՄೳੑ΋ߴ·Δ

  93. ୅ସҊʹର͢Δ ෆશʢෆຬɺෆศɺෆ҆ɺඇޮ཰ʣ Λ໌Β͔ʹ͢Δ

  94. ౤ࢿՈͷΑ͘͢Δ࣭໰ɿ z͋ͳ͕ͨղܾ͠Α͏ͱ͢Δ՝୊ͷݱঢ়ͷ ̏ͭͷ୅ସҊΛڭ͍͑ͯͩ͘͞ɻ ͦΕʹରͯ͋͠ͳͨͷఏڙ͢Δ ιϦϡʔγϣϯ͸Ͳ͏༏Ε͍ͯΔͷ͔ʁ ʢఆྔతɺఆੑతʣڭ͍͑ͯͩ͘͞

  95. ݱࡏͰ͸ɺ՝୊ʹର͢Δ ୅ସҊ͸ඞͣଘࡏ͢Δ z୅ସҊ͸ଘࡏ͠ͳ͍z ͱ͍͏ൃݴ͸ z୅ସҊͷ͜ͱΛΑ͘஌Βͳ͍z ͱ͍͏͜ͱΛ࿐ఄ͢Δ

  96. όϦϡʔνΣʔϯ η ά ϝ ϯ τ େ ηάϝϯτ த ηάϝϯτ

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  97. όϦϡʔνΣʔϯ η ά ϝ ϯ τ େ ηάϝϯτ த ηάϝϯτ

    খ ηάϝϯτ ू٬ ༧໿؅ཧ υλΩϟϯ ରԠ ױऀ ؅ཧ ױऀ ఆணԽ ࣄ຿ ॲཧ ਓࣄ ࿑຿ ࣗඅ ࣏ྍ ݸਓ ܦӦ ݅ ֦େࢤ޲ ݅ ೥  ݅ ˕ ˓ ˕ ˓ ˕ ˓ 9 ݱঢ়ҡ࣋ ݅ ʢ೥ ݅ ˓ ˚ ˓ ˓ ˓ ˓ 9 νΣʔϯ ݅ ֦େࢤ޲ ݅ ೥ ݅ʣ ˓ ˚ ˕ ˓ ˕ ˚ ˚ ݱঢ়ҡ࣋ ݅ ೥ ݅ʣ ˓ ˚ ˓ ˓ ˓ ˚ ˚ อݥ ࣏ྍ ݸਓ ܦӦ ݅ ֦େࢤ޲ ݅ ʢ೥ ݅ʣ ˕ ˚ 9 ˚ ˚ ˕ ˓ ݱঢ়ҡ࣋ ݅ ʢ೥ ݅ʣ ˕ ˚ 9 ˚ ˚ ˕ ˓ νΣʔϯ ݅ ֦େࢤ޲ ݅ ೥ ݅ʣ ˓ ˚ 9 ˚ ˚ ˚ 9 ݱঢ়ҡ࣋ ݅ ೥ ݅ʣ ˓ ˚ 9 ˚ ˚ ˚ 9 ˕χʔζߴ˓χʔζத ˚χʔζ௿9χʔζͳ͠ ୅ସ ιϦϡʔγϣϯ ͳ͠ ୅ସ 9:; ୅ସ 9:; ୅ସ "#$ ୅ସ &'( ୅ସ ιϦϡʔγϣϯ ͳ͠ ୅ସ ιϦϡʔγϣϯ ͳ͠ ࢢ৔αΠζΛ ໌֬ʹ͢Δ
  98. όϦϡʔνΣʔϯ η ά ϝ ϯ τ େ ηάϝϯτ த ηάϝϯτ

    খ ηάϝϯτ ू٬ ༧໿؅ཧ υλΩϟϯ ରԠ ױऀ ؅ཧ ױऀ ఆணԽ ࣄ຿ ॲཧ ਓࣄ ࿑຿ ࣗඅ ࣏ྍ ݸਓ ܦӦ ݅ ֦େࢤ޲ ݅ ೥  ݅ ˕ ˓ ˕ ˓ ˕ ˓ 9 ݱঢ়ҡ࣋ ݅ ʢ೥ ݅ ˓ ˚ ˓ ˓ ˓ ˓ 9 νΣʔϯ ݅ ֦େࢤ޲ ݅ ೥ ݅ʣ ˓ ˚ ˕ ˓ ˕ ˚ ˚ ݱঢ়ҡ࣋ ݅ ೥ ݅ʣ ˓ ˚ ˓ ˓ ˓ ˚ ˚ อݥ ࣏ྍ ݸਓ ܦӦ ݅ ֦େࢤ޲ ݅ ʢ೥ ݅ʣ ˕ ˚ 9 ˚ ˚ ˕ ˓ ݱঢ়ҡ࣋ ݅ ʢ೥ ݅ʣ ˕ ˚ 9 ˚ ˚ ˕ ˓ νΣʔϯ ݅ ֦େࢤ޲ ݅ ೥ ݅ʣ ˓ ˚ 9 ˚ ˚ ˚ 9 ݱঢ়ҡ࣋ ݅ ೥ ݅ʣ ˓ ˚ 9 ˚ ˚ ˚ 9 ˕χʔζߴ˓χʔζத ˚χʔζ௿9χʔζͳ͠ ୅ସ 9:; ୅ସ 9:; ୅ସ "#$ ୅ସ &'( Ұ൪࠷ॳͰ ૂ͏ࢢ৔
  99. ॳظͷ࣮ݧͷ ͠΍͍͢ηάϝϯτ ͸Ͳ͔͜ʁ

  100. ࠷ॳ͸ࣗΒ෦԰Λ༻ҙͯ͠΢ΣϒαΠτʹଧͪग़ͨ͠ Ұ൩υϧͰധ·ΕΔΤΞϕοτΛ̏ͭ༻ҙͨ͠ IUUQTXXXCVTJOFTTJOTJEFSDPNIPXBJSCOCXBTGPVOEFEBWJTVBMIJTUPSZ

  101. $PMMJTJPO*OTUBMMBUJPO ܾࡁͷ࢓૊ΈΛఏڙ͢Δ4USJQ૑ۀऀͰ͋Δ $PMMJTPOܑఋ͸ɺ:$ʹೖ͍ͬͯͨಉظ΍ଔۀੜʹ zϕʔλ൛Λࢼͯ͘͠Ε·͔͢zͱฉ͍ͯॳظΧελϚʔΛ ֫ಘͯ͠ճͬͨɻ ൴Β͸0,ͯ͘͠Εͨ૬खʹ zͰ͸ϊʔτύιίϯΛି͠ग़͍ͯͩ͘͠͞z ͱࣗ෼ͨͪͰηοτΞοϓΛߦͬͨɻ 1BVM(SBIBN͸͜ΕΛ l$PMMJTJPO*OTUBMMBUJPOz

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  102. ͳͥ͜ͷࢢ৔ηάϝϯτ ʢΤϯτϦʔࢢ৔ʣΛ ࠷ॳʹબΜͩͷ͔Λ આ໌Ͱ͖Δ͜ͱ͕ॏཁ

  103. όϦϡʔνΣʔϯ η ά ϝ ϯ τ େ ηάϝϯτ த ηάϝϯτ

    খ ηάϝϯτ ू٬ ༧໿؅ཧ υλΩϟϯ ରԠ ױऀ ؅ཧ ױऀ ఆணԽ ࣄ຿ ॲཧ ਓࣄ ࿑຿ ࣗඅ ࣏ྍ ݸਓ ܦӦ ݅ ֦େࢤ޲ ݅ ೥  ݅ ˕ ˓ ˕ ˓ ˕ ˓ 9 ݱঢ়ҡ࣋ ݅ ʢ೥ ݅ ˓ ˚ ˓ ˓ ˓ ˓ 9 νΣʔϯ ݅ ֦େࢤ޲ ݅ ೥ ݅ʣ ˓ ˚ ˕ ˓ ˕ ˚ ˚ ݱঢ়ҡ࣋ ݅ ೥ ݅ʣ ˓ ˚ ˓ ˓ ˓ ˚ ˚ อݥ ࣏ྍ ݸਓ ܦӦ ݅ ֦େࢤ޲ ݅ ʢ೥ ݅ʣ ˕ ˚ 9 ˚ ˚ ˕ ˓ ݱঢ়ҡ࣋ ݅ ʢ೥ ݅ʣ ˕ ˚ 9 ˚ ˚ ˕ ˓ νΣʔϯ ݅ ֦େࢤ޲ ݅ ೥ ݅ʣ ˓ ˚ 9 ˚ ˚ ˚ 9 ݱঢ়ҡ࣋ ݅ ೥ ݅ʣ ˓ ˚ 9 ˚ ˚ ˚ 9 ˕χʔζߴ˓χʔζத ˚χʔζ௿9χʔζͳ͠ ୅ସ 9:; ୅ସ 9:; ୅ସ "#$ ୅ସ &'( ͜͜ͷ ղ૾౓Λ ͞ΒʹߴΊΔʂ