{"id":5130,"date":"2022-10-27T00:01:04","date_gmt":"2022-10-26T15:01:04","guid":{"rendered":"https:\/\/blog.iese.edu\/japan\/?p=5130"},"modified":"2023-03-15T23:29:05","modified_gmt":"2023-03-15T14:29:05","slug":"search-funds-continue-to-go-global","status":"publish","type":"post","link":"https:\/\/blog.iese.edu\/japan\/2022\/10\/27\/search-funds-continue-to-go-global\/","title":{"rendered":"\u30b0\u30ed\u30fc\u30d0\u30eb\u5316\u304c\u9032\u3080\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9"},"content":{"rendered":"<p><a href=\"https:\/\/blog.iese.edu\/japan\/files\/2022\/10\/International-search-funds-2022.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-5134 aligncenter\" src=\"https:\/\/blog.iese.edu\/japan\/files\/2022\/10\/International-search-funds-2022-300x150.jpg\" alt=\"\" width=\"572\" height=\"286\" srcset=\"https:\/\/blog.iese.edu\/japan\/files\/2022\/10\/International-search-funds-2022-300x150.jpg 300w, https:\/\/blog.iese.edu\/japan\/files\/2022\/10\/International-search-funds-2022-768x384.jpg 768w, https:\/\/blog.iese.edu\/japan\/files\/2022\/10\/International-search-funds-2022-500x250.jpg 500w, https:\/\/blog.iese.edu\/japan\/files\/2022\/10\/International-search-funds-2022.jpg 853w\" sizes=\"auto, (max-width: 572px) 100vw, 572px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>\u539f\u6587\uff08\u82f1\u8a9e\uff09\u306f\u3001<a href=\"https:\/\/www.ieseinsight.com\/doc.aspx?id=2567&amp;ar=19&amp;idioma=2).?utm_source=redes&amp;utm_medium=social&amp;utm_campaign=contentteam\">\u3053\u3061\u3089<\/a>\u3092\u3054\u89a7\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>IESE\u304c2022\u5e74\u306b\u884c\u3063\u305f\u56fd\u969b\u7684\u306a\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u306b\u95a2\u3059\u308b\u8abf\u67fb\u3067\u306f\u3001\u7c73\u56fd\u3068\u30ab\u30ca\u30c0\u4ee5\u5916\u306e\u56fd\u3092\u5bfe\u8c61\u3068\u3057\u30015\u5927\u967834\u30ab\u56fd\u304b\u3089211\u306e\u521d\u3081\u3066\u306e\u30d5\u30a1\u30f3\u30c9\u3092\u78ba\u8a8d\u3057\u307e\u3057\u305f\u3002<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>\u56fd\u969b\u7684\u306a\u30b5\u30fc\u30c1\u30fb\u30d5\u30a1\u30f3\u30c9\u306e\u6d3b\u52d5\u306f\u6628\u5e74\u65b0\u305f\u306a\u30d4\u30fc\u30af\u3092\u8fce\u3048\u300144\u306e\u30d5\u30a1\u30f3\u30c9\u304c\u65b0\u305f\u306b\u8a2d\u7acb\u3055\u308c\u300123\u306e\u30d5\u30a1\u30f3\u30c9\u304c\u8cb7\u53ce\u3055\u308c\u307e\u3057\u305f\u3002<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>MBA\u3092\u53d6\u5f97\u3057\u305f\u3070\u304b\u308a\u306e\u5b66\u751f\u3092\u4e2d\u5fc3\u306b\u3001\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u3001\u30d8\u30eb\u30b9\u30b1\u30a2\u3001\u904b\u8f38\u30fb\u7269\u6d41\u3001\u88fd\u9020\u696d\u306e4\u5206\u91ce\u304c\u6700\u3082\u4eba\u6c17\u306e\u3042\u308b\u5206\u91ce\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>\u6700\u8fd1\u3001\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u306e\u4e16\u754c\u3067\u306f\u4f55\u304c\u8d77\u3053\u3063\u3066\u3044\u308b\u306e\u3067\u3057\u3087\u3046\u304b\u3002\u4eca\u5e74\u767a\u8868\u3055\u308c\u305f\u6700\u65b0\u306e\u8abf\u67fb\u306b\u3088\u308b\u3068\u3001\u9b45\u529b\u7684\u306a\u8ca1\u52d9\u7684\u30ea\u30bf\u30fc\u30f3\u3068\u8a18\u9332\u7684\u306a\u6570\u306e\u65b0\u898f\u30b5\u30fc\u30c1\u30e3\u30fc\u3068\u30c7\u30a3\u30fc\u30eb\u304c\u767a\u751f\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>IESE\u306f\u3001\u30b9\u30bf\u30f3\u30d5\u30a9\u30fc\u30c9\u5927\u5b66\u3068\u7dca\u5bc6\u306b\u9023\u643a\u3057\u3001\u7c73\u56fd\u3068\u30ab\u30ca\u30c0\u4ee5\u5916\u306e\u30d5\u30a1\u30f3\u30c9\u3092\u5bfe\u8c61\u3068\u3057\u305f\u56fd\u969b\u7684\u306a\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u306b\u95a2\u3059\u308b<a 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href=\"https:\/\/www.gsb.stanford.edu\/faculty-research\/case-studies\/2022-search-fund-study-selected-observations\">\u30b9\u30bf\u30f3\u30d5\u30a9\u30fc\u30c9\u5927\u5b66\u306e\u7814\u7a76<\/a>\u3067\u5831\u544a\u3055\u308c\u305f\u3088\u3046\u306b\u3001\u9577\u5e74\u306b\u308f\u305f\u3063\u3066\u5f93\u6765\u306e\u62e0\u70b9\u3067\u8d77\u3053\u3063\u3066\u3044\u308b\u3053\u3068\u3068\u4f3c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>IESE\u306e\u8abf\u67fb\u3067\u306f\u3001\u521d\u3081\u3066\u6d77\u5916\u306b\u8a2d\u7acb\u3055\u308c\u305f\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9211\u793e\u3092\u3001\u30e9\u30a4\u30d5\u30b5\u30a4\u30af\u30eb\u306e4\u3064\u306e\u30b9\u30c6\u30fc\u30b8\u306b\u5206\u3051\u3066\u8abf\u67fb\u3057\u3066\u3044\u307e\u3059\u3002(1)\u8cb7\u53ce\u3059\u308b\u4f01\u696d\u306e\u767a\u6398\u306b\u5c02\u5ff5\u3059\u308b\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\uff08\u63d0\u643a\u6295\u8cc7\u5bb6\u304b\u3089\u306e\u8cc7\u91d1\u30d7\u30fc\u30eb\uff09\u306e\u8abf\u9054\u3001(2)\u30b5\u30fc\u30c1\u3068\u8cb7\u53ce\u3001(3)\u3055\u3089\u306a\u308b\u6210\u529f\u3068\u6210\u9577\u3092\u6c42\u3081\u3066\u8cb7\u53ce\u3057\u305f\u4f01\u696d\u306e\u904b\u55b6\uff08\u901a\u5e38\u30b5\u30fc\u30c1\u30e3\u30fc\u306b\u3068\u3063\u3066\u6700\u3082\u9577\u304f\u3001\u3084\u308a\u304c\u3044\u306e\u3042\u308b\u30b9\u30c6\u30fc\u30b8\uff09\u3001(4)\u6d41\u52d5\u6027\u3092\u5f97\u308b\u305f\u3081\u306e\u30a4\u30b0\u30b8\u30c3\u30c8\u3001\u306e4\u6bb5\u968e\u3067\u3059\u3002\u672c\u30ec\u30dd\u30fc\u30c8\u306f\u3001\u3053\u306e\u65b0\u3057\u3044\u30a2\u30bb\u30c3\u30c8\u30af\u30e9\u30b9\u304c\u5b9a\u7740\u3057\u3064\u3064\u3042\u308b\u4e2d\u3067\u3001\u305d\u3053\u306b\u50cd\u304f\u4eba\u3005\u3084\u5f7c\u3089\u306e\u4ed5\u4e8b\u306b\u3064\u3044\u3066\u3001\u6709\u76ca\u306a\u6982\u89b3\u3092\u63d0\u4f9b\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>4\u3064\u306e\u30e9\u30a4\u30d5\u30b5\u30a4\u30af\u30eb\u30b9\u30c6\u30fc\u30b8\u306b\u304a\u3051\u308b\u56fd\u969b\u7684\u306a\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u306e\u6d3b\u52d5<\/p>\n<p><a href=\"https:\/\/blog.iese.edu\/japan\/files\/2022\/10\/International-search-funds-2022_1en.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-5131 aligncenter\" src=\"https:\/\/blog.iese.edu\/japan\/files\/2022\/10\/International-search-funds-2022_1en-300x249.jpg\" alt=\"\" width=\"300\" height=\"249\" srcset=\"https:\/\/blog.iese.edu\/japan\/files\/2022\/10\/International-search-funds-2022_1en-300x249.jpg 300w, https:\/\/blog.iese.edu\/japan\/files\/2022\/10\/International-search-funds-2022_1en.jpg 496w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>\u51fa\u5178\uff1aIESE\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u8abf\u67fb\u306b\u57fa\u3065\u304d\u8457\u8005\u3089\u304c\u4f5c\u6210\u30022021\u5e7412\u670831\u65e5\u6642\u70b9\u306e\u30c7\u30fc\u30bf\u3002<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<h2>\u4e0a\u6607\u306e\u4e00\u9014<\/h2>\n<p>\u7c73\u56fd\u5e02\u5834\u3067\u3082\u898b\u3089\u308c\u308b\u3088\u3046\u306b\u3001\u56fd\u969b\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u306f\u52e2\u3044\u3092\u5897\u3057\u3001\u65b0\u305f\u306a\u30d4\u30fc\u30af\u3092\u8fce\u3048\u3066\u3044\u307e\u3059\u30022021\u5e74\u306b\u306f\u3001\u904e\u53bb\u6700\u9ad8\u306e44\u306e\u56fd\u969b\u7684\u306a\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u304c\u65b0\u305f\u306b\u7d44\u6210\u3055\u308c\u307e\u3057\u305f\u3002\u305d\u306e\u4e2d\u306b\u306f\u3001\u30d9\u30eb\u30ae\u30fc\u3001\u30c1\u30a7\u30b3\u5171\u548c\u56fd\u3001\u30a8\u30b8\u30d7\u30c8\u3001\u30b3\u30fc\u30c8\u30b8\u30dc\u30ef\u30fc\u30eb\u3001\u30e9\u30c8\u30d3\u30a2\u3001\u30d1\u30e9\u30b0\u30a2\u30a4\u3001\u30ed\u30b7\u30a2\u3001\u97d3\u56fd\u3001\u30b9\u30a6\u30a7\u30fc\u30c7\u30f3\u306e9\u30ab\u56fd\u3067\u3001\u3053\u306e\u30e2\u30c7\u30eb\u306e\u5b58\u5728\u304c\u521d\u3081\u3066\u6587\u66f8\u5316\u3055\u308c\u305f\u3082\u306e\u3082\u542b\u307e\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u307e\u305f\u3001\u30b5\u30fc\u30c1\u30e3\u30fc\u304c\u65b0\u305f\u306b23\u793e\u306e\u4f01\u696d\u3092\u8cb7\u53ce\u3057\u305f\u3053\u3068\u3082\u3001\u3053\u306e\u30e2\u30c7\u30eb\u306e\u6210\u719f\u5ea6\u304c\u9ad8\u307e\u3063\u3066\u3044\u308b\u3053\u3068\u306e\u8868\u308c\u3067\u3059\u3002\u4e00\u65b9\u3001\u65b0\u305f\u306b2\u793e\u304c\u64a4\u9000\u3057\u307e\u3057\u305f\u3002(\u4e0b\u306e\u30b0\u30e9\u30d5\u53c2\u7167\uff09\u3002<\/p>\n<p>\u56fd\u969b\u7684\u306a\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u306e\u6d3b\u52d5\uff08\u5e74\u5225\uff09<\/p>\n<p><a href=\"https:\/\/blog.iese.edu\/japan\/files\/2022\/10\/International-search-funds-2022_2en.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-5132 aligncenter\" src=\"https:\/\/blog.iese.edu\/japan\/files\/2022\/10\/International-search-funds-2022_2en-300x196.jpg\" alt=\"\" width=\"300\" height=\"196\" srcset=\"https:\/\/blog.iese.edu\/japan\/files\/2022\/10\/International-search-funds-2022_2en-300x196.jpg 300w, https:\/\/blog.iese.edu\/japan\/files\/2022\/10\/International-search-funds-2022_2en.jpg 470w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>\u51fa\u5178\uff1a IESE\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u8abf\u67fb\u3088\u308a\u8457\u8005\u4f5c\u6210\u30022021\u5e7412\u670831\u65e5\u6642\u70b9\u306e\u30c7\u30fc\u30bf\u3002<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<h2>\u521d\u671f\u306e\u6210\u679c<\/h2>\n<p>\u4e0a\u306e\u30b0\u30e9\u30d5\u306b\u898b\u3089\u308c\u308b\u3088\u3046\u306b\u3001\u7c73\u56fd\u3068\u30ab\u30ca\u30c0\u4ee5\u5916\u3067\u306e\u30a4\u30b0\u30b8\u30c3\u30c8\u306f\u3053\u308c\u307e\u306716\u4ef6\u306b\u3068\u3069\u307e\u3063\u3066\u3044\u307e\u3059\u300212\u4ef6\u304c\u30d7\u30e9\u30b9\u306e\u30ea\u30bf\u30fc\u30f3\u30014\u4ef6\u304c\u30de\u30a4\u30ca\u30b9\u306e\u30ea\u30bf\u30fc\u30f3\u3067\u3059\u3002\u4e00\u65b9\u3001\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u3067\u8cb7\u53ce\u3057\u305f\u4f01\u696d\u306e\u3046\u3061\u3001\u73fe\u572878\u793e\u304c\u904b\u55b6\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u3053\u306e\u3088\u3046\u306b\u30a4\u30b0\u30b8\u30c3\u30c8\u304c\u5c11\u306a\u3044\u306e\u306f\u3001\u6d77\u5916\u3067\u306f\u3053\u306e\u30e2\u30c7\u30eb\u304c\u65b0\u3057\u304f\u3001\u6b86\u3069\u306e\u30d5\u30a1\u30f3\u30c9\u304c5\u5e74\u304b\u308910\u5e74\u306e\u671f\u9593\u3067\u30a4\u30b0\u30b8\u30c3\u30c8\u3092\u8fce\u3048\u3066\u3044\u308b\u3053\u3068\u3082\u4e00\u56e0\u3067\u3059\u3002<\/p>\n<p>\u521d\u671f\u306e\u30ea\u30bf\u30fc\u30f3\u306f\u7591\u3063\u3066\u304b\u304b\u308b\u3079\u304d\u3067\u3059\u304c\u3001\u5831\u544a\u66f8\u306e\u8457\u8005\u306f\u3001\u30b9\u30bf\u30f3\u30d5\u30a9\u30fc\u30c9\u5927\u5b66\u306e\u7814\u7a76\u3067\u7d4c\u5e74\u7684\u306b\u89b3\u5bdf\u3055\u308c\u305f\u50be\u5411\u3068\u6982\u306d\u4e00\u81f4\u3057\u3066\u3044\u308b\u3068\u3057\u3066\u3044\u307e\u3059\u3002\u30ea\u30bf\u30fc\u30f3\u306f\u3001\u30d5\u30a1\u30f3\u30c9\u306e\u63a2\u7d22\u3068\u8cb7\u53ce\u306e\u4e21\u30d5\u30a7\u30fc\u30ba\u306b\u53c2\u52a0\u3057\u305f\u30d5\u30a1\u30f3\u30c9\u306e\u521d\u671f\u6295\u8cc7\u5bb6\u306e\u8996\u70b9\u304b\u3089\u8a08\u7b97\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u6d77\u5916\u30d5\u30a1\u30f3\u30c9\u306e\u5834\u5408\u3001\u6700\u65b0\u306e\u6295\u8cc7\u53ce\u76ca\u7387\uff08ROI\uff09\u306f1.9\u500d\u3001\u5185\u90e8\u53ce\u76ca\u7387\uff08IRR\uff09\u306f19.4\uff05\u3067\u3059\u3002\u3053\u308c\u306f\u30b9\u30bf\u30f3\u30d5\u30a9\u30fc\u30c9\u5927\u5b66\u306e\u7814\u7a76\u306b\u3088\u308b\u7c73\u56fd\u3068\u30ab\u30ca\u30c0\u306e\u8abf\u67fb\u7d50\u679c\uff08ROI7.9\u500d\u3001IRR36.8\uff05\uff09\u3092\u5927\u5e45\u306b\u4e0b\u56de\u3063\u3066\u3044\u307e\u3059\u304c\u3001\u3084\u306f\u308a\u6d77\u5916\u30d5\u30a1\u30f3\u30c9\u306e\u4fdd\u6709\u671f\u9593\u304c\u306f\u308b\u304b\u306b\u77ed\u3044\u3053\u3068\u3092\u8003\u616e\u306b\u5165\u308c\u3066\u3082\u3044\u3044\u3067\u3057\u3087\u3046\u3002\u3057\u304b\u3057\u3001\u6d77\u5916\u30d5\u30a1\u30f3\u30c9\u306e\u4fdd\u6709\u671f\u9593\u304c\u975e\u5e38\u306b\u77ed\u3044\u3053\u3068\u3092\u8003\u3048\u308b\u3068\u3001\u6700\u3082\u6210\u9577\u7387\u304c\u9ad8\u3044\u306e\u306f\u901a\u5e383\u5e74\u5f8c\u3067\u3042\u308a\u3001\u8ffd\u8de1\u3057\u305f\u6d77\u5916\u30d5\u30a1\u30f3\u30c9\u306e37%\u306f\u904e\u53bb2\u5e74\u4ee5\u5185\u306b\u8a2d\u5b9a\u3055\u308c\u305f\u3082\u306e\u3067\u3059\u3002<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<h2>\u4e16\u754c\u306e\u3069\u3053\u3067\u8d77\u304d\u3066\u3044\u308b\u304b<\/h2>\n<p>\u56fd\u969b\u7684\u306a\u30b5\u30fc\u30c1\u306f\u3001\u4eca\u3069\u3053\u3067\u884c\u308f\u308c\u3066\u3044\u308b\u306e\u3067\u3057\u3087\u3046\u304b\u30025\u3064\u306e\u5927\u9678\u306b\u72ec\u81ea\u306e\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u304c\u3042\u308a\u307e\u3059\u3002\u904e\u53bb10\u5e74\u9593\u3001\u56fd\u969b\u7684\u306a\u30e2\u30c7\u30eb\u306f\u3001\u30b9\u30da\u30a4\u30f3\uff08\u8ffd\u8de1\u3057\u305f\u5e74\u6570\u306742\u306e\u30d5\u30a1\u30f3\u30c9\u304c\u521d\u3081\u3066\u7d44\u6210\uff09\u3001\u30e1\u30ad\u30b7\u30b3\uff0837\uff09\u3001\u30d6\u30e9\u30b8\u30eb\uff0824\uff09\u3001\u82f1\u56fd\uff08\u540c\u3058\u304f24\u306e\u30d5\u30a1\u30f3\u30c9\uff09\u3067\u6700\u3082\u591a\u304f\u7d44\u6210\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u4e0b\u56f3\u3092\u3054\u89a7\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u56fd\u5225\u306e\u56fd\u969b\u7684\u306a\u691c\u7d22\u30d5\u30a1\u30f3\u30c9<\/p>\n<p><a href=\"https:\/\/blog.iese.edu\/japan\/files\/2022\/10\/International-search-funds-2022_3en.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-5133 aligncenter\" src=\"https:\/\/blog.iese.edu\/japan\/files\/2022\/10\/International-search-funds-2022_3en-300x159.jpg\" alt=\"\" width=\"300\" height=\"159\" srcset=\"https:\/\/blog.iese.edu\/japan\/files\/2022\/10\/International-search-funds-2022_3en-300x159.jpg 300w, https:\/\/blog.iese.edu\/japan\/files\/2022\/10\/International-search-funds-2022_3en-500x265.jpg 500w, https:\/\/blog.iese.edu\/japan\/files\/2022\/10\/International-search-funds-2022_3en.jpg 624w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>\u51fa\u5178\uff1a IESE\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u8abf\u67fb\u3092\u57fa\u306b\u7b46\u8005\u4f5c\u6210\u30022021\u5e7412\u670831\u65e5\u6642\u70b9\u306e\u30c7\u30fc\u30bf\u3002<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<h2>\u5831\u544a\u66f8\u304b\u3089\u5f97\u3089\u308c\u305f\u30a2\u30c9\u30d0\u30a4\u30b9\uff1a\u7406\u60f3\u7684\u306a\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u306e\u30bf\u30fc\u30b2\u30c3\u30c8<\/h2>\n<p>\u3069\u306e\u5e02\u5834\u306b\u304a\u3044\u3066\u3082\u3001\u8cea\u306e\u9ad8\u3044\uff08\u3059\u306a\u308f\u3061\u7d4c\u5e38\u7684\u306a\uff09\u53ce\u76ca\u3068\u5f37\u56fa\u306aEBITDA\uff08\u91d1\u5229\u30fb\u7a0e\u91d1\u30fb\u6e1b\u4fa1\u511f\u5374\u8cbb\u63a7\u9664\u524d\u5229\u76ca\uff09\u3092\u6301\u3061\u3001\u696d\u754c\u304c\u5805\u8abf\u306b\u6210\u9577\u3057\u3066\u3044\u308b\u30cb\u30c3\u30c1\u306a\u9818\u57df\u3067\u4e8b\u696d\u3092\u5c55\u958b\u3057\u3066\u3044\u308b\u4f01\u696d\u306f\u3001\u3053\u306e\u30e2\u30c7\u30eb\u306e\u30c8\u30c3\u30d7\u30bf\u30fc\u30b2\u30c3\u30c8\u3068\u306a\u308a\u307e\u3059\u3002\u3053\u308c\u3089\u306f\u3001\u672c\u30ec\u30dd\u30fc\u30c8\u306e\u8abf\u67fb\u30c1\u30fc\u30e0\u304c\u30ec\u30d3\u30e5\u30fc\u3057\u305f\u6b86\u3069\u306e\u52df\u96c6\u8981\u9805\u3067\u8a00\u53ca\u3055\u308c\u3066\u3044\u308b\u6295\u8cc7\u57fa\u6e96\u3067\u3059\u3002<\/p>\n<p>\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u3001\u30d8\u30eb\u30b9\u30b1\u30a2\u3001\u8f38\u9001\u30fb\u7269\u6d41\u3001\u88fd\u9020\u696d\u306e4\u5206\u91ce\u304c\u3001\u691c\u7d22\u5bfe\u8c61\u3068\u3057\u3066\u6700\u3082\u4eba\u6c17\u306e\u9ad8\u3044\u5206\u91ce\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u6642\u9593\u306e\u7d4c\u904e\u3068\u3068\u3082\u306b\u3001\u3069\u306e\u3088\u3046\u306a\u696d\u754c\u52d5\u5411\u304c\u6ce8\u76ee\u3055\u308c\u3066\u304d\u3066\u3044\u308b\u306e\u3067\u3057\u3087\u3046\u304b\u3002\u6700\u8fd1\u3001\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u3001\u30d8\u30eb\u30b9\u30b1\u30a2\u3001\u88fd\u9020\u696d\u3078\u306e\u95a2\u5fc3\u304c\u9ad8\u307e\u308a\u3001\u91d1\u878d\u3084\u30d3\u30b8\u30cd\u30b9\u30b5\u30fc\u30d3\u30b9\u3078\u306e\u95a2\u5fc3\u304c\u4f4e\u4e0b\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<h2>\u30b5\u30fc\u30c1\u30e3\u30fc\u306e\u7279\u5fb4<\/h2>\n<p>\u56fd\u969b\u7684\u306b\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u30e2\u30c7\u30eb\u3092\u8ffd\u6c42\u3059\u308b\u305f\u3081\u306b\u306f\u3001\u3042\u308b\u7279\u5b9a\u306e\u985e\u306e\u4eba\u3005\u304c\u5fc5\u8981\u306a\u3088\u3046\u3067\u3059\u3002\u3053\u306e\u8abf\u67fb\u3067\u306f\u3001\u6bd4\u8f03\u7684\u82e5\u3044\u3053\u3068\u3001\u6700\u8fd1MBA\u3092\u53d6\u5f97\u3057\u305f\u3053\u3068\u3001\u7c73\u56fd\uff08\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u30e2\u30c7\u30eb\u304c\u307e\u3060\u3088\u304f\u77e5\u3089\u308c\u3066\u3044\u308b\u56fd\uff09\u3068\u306e\u3064\u306a\u304c\u308a\u304c\u3042\u308b\u3053\u3068\u304c\u6307\u6458\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>IESE\u306e\u56fd\u969b\u7684\u306a\u30ec\u30dd\u30fc\u30c8\u306e\u7b2c6\u7248\u3067\u306f\u3001\u30b5\u30fc\u30c1\u30e3\u30fc\u306e\u5e74\u9f62\u5c64\u306f24\u6b73\u304b\u308947\u6b73\u307e\u3067\u3068\u5e45\u5e83\u304f\u306a\u3063\u3066\u3044\u307e\u3059\u300286\uff05\u3068\u3044\u3046\u5727\u5012\u7684\u591a\u6570\u304cMBA\u306e\u5352\u696d\u751f\u3067\u30014\u5206\u306e3\u4ee5\u4e0a\u304c\u5352\u696d\u5f8c2\u5e74\u4ee5\u5185\u306b\u30b5\u30fc\u30c1\u30fb\u30d5\u30a1\u30f3\u30c9\u3092\u8abf\u9054\u3057\u3066\u3044\u307e\u3059\u3002\u30b5\u30fc\u30c1\u30e3\u30fc\u306e52%\u306f\u7c73\u56fd\u306e\u30d3\u30b8\u30cd\u30b9\u30b9\u30af\u30fc\u30eb\u51fa\u8eab\u3067\u3059\u304c\u3001\u3053\u306e\u5272\u5408\u306f\u5e74\u3005\u5927\u304d\u304f\u6e1b\u5c11\u3057\u3066\u3044\u307e\u3059\u3002\u6ce8\u76ee\u3059\u3079\u304d\u306f\u3001\u6b27\u5dde\u306e\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\uff08\u73fe\u5728\u3001\u6b27\u5dde14\u30ab\u56fd\uff09\u306e\u5834\u5408\u3001\u30b5\u30fc\u30c1\u30e3\u30fc\u306e80\uff05\u304c\u6b27\u5dde\u306e\u30d3\u30b8\u30cd\u30b9\u30b9\u30af\u30fc\u30eb\u3092\u5352\u696d\u3057\u3066\u3044\u308b\u3053\u3068\u3067\u3059\u3002<\/p>\n<p>\u529b\u3092\u5408\u308f\u305b\u308b\u306e\u304c\u3044\u3044\u306e\u304b\u3001\u5358\u72ec\u3067\u3084\u308b\u306e\u304c\u3044\u3044\u306e\u3067\u3057\u3087\u3046\u304b\u30022020-2021\u5e74\u306b\u958b\u59cb\u3057\u305f79\u306e\u6d77\u5916\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u3067\u306f\u300158%\u304c\u5358\u72ec\u3067\u6d3b\u52d5\u3057\u3066\u3044\u307e\u3059\u3002\u4e00\u65b9\u3001\u30e9\u30a4\u30d5\u30b5\u30a4\u30af\u30eb\u304c\u9032\u3080\u306b\u3064\u308c\u3066\u3001\u8cb7\u53ce\u306e\u7d04\u534a\u5206\uff0894\u4ef6\u306e\u3046\u306146\uff05\uff09\u306f\u3001\u30b5\u30fc\u30c1\u30e3\u30fc\u306e\u30d1\u30fc\u30c8\u30ca\u30fc\u30b7\u30c3\u30d7\u3001\u3064\u307e\u308a\u3001\u88dc\u5b8c\u7684\u306a\u30b9\u30ad\u30eb\u30bb\u30c3\u30c8\u3084\u3088\u308a\u52b9\u7387\u7684\u306b\u30b5\u30fc\u30c1\u3067\u304d\u308b\u80fd\u529b\u3092\u8a87\u308b\u30b3\u30e9\u30dc\u30ec\u30fc\u30b7\u30e7\u30f3\u306b\u3088\u3063\u3066\u884c\u308f\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<h2>\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u306e\u7406\u89e3<\/h2>\n<p>\u73fe\u5730\u30ec\u30dd\u30fc\u30c8\u304b\u3089\u3001\u3053\u306e\u6bd4\u8f03\u7684\u65b0\u3057\u3044\u30a2\u30bb\u30c3\u30c8\u30af\u30e9\u30b9\u306f\u3001\u307e\u3060\u983b\u7e41\u306b\u7d39\u4ecb\u3059\u308b\u5fc5\u8981\u304c\u3042\u308b\u3053\u3068\u304c\u660e\u3089\u304b\u3067\u3059\u3002<a href=\"https:\/\/www.iese.edu\/faculty-research\/faculty\/jan-simon\/\">\u30e4\u30f3\u30fb\u30b5\u30a4\u30e2\u30f3\u6559\u6388<\/a>\u306e\u8457\u66f8\u300e<a href=\"https:\/\/www.amazon.es\/Search-Funds-Entrepreneurial-Acquisitions-Business\/dp\/0228861764\" target=\"_blank\" rel=\"noopener\">Search funds and entrepreneurial acquisitions: The roadmap for buying a business and leading it to the next level<\/a> \u300f\uff082021\u5e74\uff09\u306f\u3001\u306f\u3001\u30d7\u30ed\u306e\u6295\u8cc7\u5bb6\u3068\u3057\u3066\u3001\u307e\u305fIESE\u306e<a href=\"https:\/\/www.iese.edu\/en\/companies-institutions\/supporting-startups\/search-funds\/\" target=\"_blank\" rel=\"noopener\">International Search Fund Center<\/a>\u306e\u30a2\u30ab\u30c7\u30df\u30c3\u30af\u30c7\u30a3\u30ec\u30af\u30bf\u30fc\u3068\u3057\u3066\u5f97\u305f\u30d9\u30b9\u30c8\u30d7\u30e9\u30af\u30c6\u30a3\u30b9\u306b\u57fa\u3065\u3044\u3066\u3001\u30b5\u30fc\u30c1\u30e3\u30fc\u3001\u6295\u8cc7\u5bb6\u3001\u305d\u306e\u4ed6\u306e\u95a2\u4fc2\u8005\u306b\u5f79\u7acb\u3064\u30ac\u30a4\u30c9\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u307e\u305f\u3001\u6700\u8fd1\u306eIESE\u306e2\u3064\u306e\u30b1\u30fc\u30b9\u30b9\u30bf\u30c7\u30a3\u3067\u306f\u3001\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u30e2\u30c7\u30eb\u306e\u69d8\u3005\u306a\u5206\u91ce\u3092\u4e00\u4eba\u79f0\u3067\u8a18\u9332\u3057\u3066\u3044\u307e\u3059\u3002<a href=\"https:\/\/www.iese.edu\/faculty-research\/faculty\/sampsa-samila\/\">\u30b5\u30f3\u30d1\u30b5\u30fb\u30b5\u30df\u30e9\u6559\u6388<\/a>\u3068Michael Wurth\u304c\u57f7\u7b46\u3057\u305f\u300c<a href=\"https:\/\/www.iesepublishing.com\/scribendi-english.html\">Scribendi<\/a>\u300d\u3067\u306f\u3001\u30ab\u30ca\u30c0\u3067\u7de8\u96c6\u30fb\u6821\u6b63\u696d\u3092\u55b6\u3080\u7d4c\u55b6\u8005\u304c\u3001\u4eba\u5de5\u77e5\u80fd\u958b\u767a\u3092\u53d7\u3051\u5165\u308c\u3001\u6295\u8cc7\u5bb6\u3092\u8aac\u5f97\u3057\u3066\u30d3\u30b8\u30cd\u30b9\u30e2\u30c7\u30eb\u3092\u6839\u672c\u7684\u306b\u8ee2\u63db\u3055\u305b\u308b\u3079\u304d\u304b\u3069\u3046\u304b\u3092\u6c7a\u3081\u306a\u3051\u308c\u3070\u306a\u308a\u307e\u305b\u3093\u3002\u3053\u308c\u306f\u3001\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u306e\u6295\u8cc7\u5bb6\u304c\u5acc\u304c\u308b\u3053\u3068\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u3002\u4e00\u65b9\u3001<a href=\"https:\/\/www.iese.edu\/faculty-research\/faculty\/rob-johnson\/\">\u30ed\u30d6\u30fb\u30b8\u30e7\u30f3\u30bd\u30f3\u6559\u6388<\/a>\u306e\u30b1\u30fc\u30b9\u300c<a href=\"https:\/\/www.iesepublishing.com\/marc-bartomeus-and-spains-first-search-fund-english.html\" target=\"_blank\" rel=\"noopener\">Marc Bartomeus<\/a>,\u300d\u306f\u3001\u30b9\u30da\u30a4\u30f3\u3067\u521d\u3081\u3066\u3053\u306e\u3088\u3046\u306a\u30d5\u30a1\u30f3\u30c9\u3092\u8a2d\u7acb\u3057\u3001\u6700\u7d42\u7684\u306b\u4f1a\u793e\u3092\u58f2\u5374\u3059\u308b\u307e\u3067\u306e\u6311\u6226\u3068\u3001\u305d\u306e\u904e\u7a0b\u3067\u6c42\u3081\u3089\u308c\u305f\u59a5\u5354\u70b9\u3092\u8a18\u9332\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<h2>\u8abf\u67fb\u65b9\u6cd5<\/h2>\n<p>\u3053\u306e\u8abf\u67fb\u306f\u3001\u30b9\u30bf\u30f3\u30d5\u30a9\u30fc\u30c9\u5927\u5b66\u306e\u5354\u529b\u306e\u3082\u3068\u30012\u5e74\u306b1\u5ea6\u3001\u7c73\u56fd\u3068\u30ab\u30ca\u30c0\u4ee5\u5916\u3067\u521d\u3081\u3066\u7d44\u6210\u3055\u308c\u305f\u30d5\u30a1\u30f3\u30c9\u3092\u5bfe\u8c61\u306b\u884c\u308f\u308c\u3066\u3044\u307e\u3059\u30022021\u5e7412\u670831\u65e5\u307e\u3067\u306b\u78ba\u8a8d\u3055\u308c\u305f\u521d\u56de\u30d5\u30a1\u30f3\u30c9\u306e\u8ca1\u52d9\u30ea\u30bf\u30fc\u30f3\u3084\u305d\u306e\u4ed6\u306e\u91cd\u8981\u306a\u7279\u5fb4\u3092\u3001\u8abf\u67fb\u30d9\u30fc\u30b9\u306e\u5b9a\u91cf\u7684\u306a\u8abf\u67fb\u624b\u6cd5\u3092\u7528\u3044\u3066\u89b3\u5bdf\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; \u539f\u6587\uff08\u82f1\u8a9e\uff09\u306f\u3001\u3053\u3061\u3089\u3092\u3054\u89a7\u304f\u3060\u3055\u3044\u3002 &nbsp; IESE\u304c2022\u5e74\u306b\u884c\u3063\u305f\u56fd\u969b\u7684\u306a\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u306b\u95a2\u3059\u308b\u8abf\u67fb\u3067\u306f\u3001\u7c73\u56fd\u3068\u30ab\u30ca\u30c0\u4ee5\u5916\u306e\u56fd\u3092\u5bfe\u8c61\u3068\u3057\u30015\u5927\u967834\u30ab\u56fd\u304b\u3089211\u306e\u521d\u3081\u3066\u306e\u30d5\u30a1\u30f3\u30c9\u3092\u78ba\u8a8d\u3057\u307e [&hellip;]<\/p>\n","protected":false},"author":1883,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[76381],"tags":[],"class_list":["post-5130","post","type-post","status-publish","format-standard","hentry","category-76381"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/blog.iese.edu\/japan\/wp-json\/wp\/v2\/posts\/5130","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.iese.edu\/japan\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.iese.edu\/japan\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.iese.edu\/japan\/wp-json\/wp\/v2\/users\/1883"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.iese.edu\/japan\/wp-json\/wp\/v2\/comments?post=5130"}],"version-history":[{"count":5,"href":"https:\/\/blog.iese.edu\/japan\/wp-json\/wp\/v2\/posts\/5130\/revisions"}],"predecessor-version":[{"id":5450,"href":"https:\/\/blog.iese.edu\/japan\/wp-json\/wp\/v2\/posts\/5130\/revisions\/5450"}],"wp:attachment":[{"href":"https:\/\/blog.iese.edu\/japan\/wp-json\/wp\/v2\/media?parent=5130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.iese.edu\/japan\/wp-json\/wp\/v2\/categories?post=5130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.iese.edu\/japan\/wp-json\/wp\/v2\/tags?post=5130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}