I presented at the UK Active Learning Conference about ways to enhance learning without the use of lectures. Here are my slides on that for those who are interested in learning about Active Learning and Team-Based Learning. If you have any questions feel free to contact me at brian@intedashboard.com

1. Guest Lecture Without the Lecture
The 2nd Active Learning Conference
University of Sussex
Brighton, England
5 June 2018
1
Brian O’Dwyer
Embry-Riddle Aeronautical University Asia (Singapore Campus), Adjunct Faculty
CognaLearn, Executive Chairman and Commercial Founder
Duke-National University of Singapore Medical, Former Entrepreneur-in-Residence

2. Acknowledgements
2
▪ The presenter would like to acknowledge Dr. Miguel Soriano and his students in
Mergers and Acquisitions at National University of Singapore Business School
who hosted the presenter as guest lecturer and completed evaluations.
▪ The author is the Commercial Founder of and has a financial interest in
CognaLearn. CognaLearn is the company that developed InteDashBoard™
www.intedashboard.com, which is TBL software developed in collaboration with
Duke-US Medical School; InteDashBoard™ is one of the technology tools
described in this presentation. Over a year after the guest lecture without the
lecture, Dr. Miguel Soriano became a less than 1% investor in CognaLearn.
▪ A poster version of this presentation was presented at the 2018 Team-Based
Learning Collaborative Conference 2018, San Diego, United States
Copyright Brian O’Dwyer and CognaLearn Pte Ltd and www.intedashboard.com where applicable.
Slides available from odwyerb@erau.edu and may be used with attribution

3. Landing objective

4. Too fast?
Too slow?
Too high?
Too low?
4

5. Objectives
After this session participants should be able to:
1. Explain: who I am and why I am here
2. Describe: how I guest lectured without the lecture
3. Identify: what I learned
5

6. Team-based learning…
Educator Entrepreneur
Speaker Parent
6

7. My path
7

8. Copyright Brian O’Dwyer, Miguel Soriano and InteDashboard.
May be used with attribution. Slides available from odwyerb@erau.edu
2
M&A experience
Acted as advisor to
AirTran Airways on
its bid for Midwest
Airlines (AMEX:
MEH) for US$432
million
Financial Advisor
2006-2007
Acted as sole
defense advisor to
an US unnamed
industrial
manufacturer
Sole Defense
Advisor
2007-2010
US industrial
manufacturer
Acted as sole advisor
to Grupo Marsans
on its sale of
Aerolineas
Argentinas to the
Government of
Argentina
Sole Financial
Advisor
2009 2009
Acted as sole advisor
to Gevity (Nasdaq:
GVHR) on its sale to
TriNet Group, Inc.
for US$99 million
Sole Financial
Advisor
2009
Acted as sole advisor
to Brazil’s Lider on
its sale of a 42.5%
stake to Bristow
Group, Inc. for
US$174 million
Sole Financial
Advisor
Acted as valuation
advisor to an
unnamed Malaysian
airline startup
Sole Valuation
Advisor
2011
Malaysian airline
start up
Acted as advisor to
AirTran Airways on
its bid for Midwest
Airlines (AMEX:
MEH) for US$432
million
Financial Advisor
2006-2007
Acted as sole
defense advisor to
an US unnamed
industrial
manufacturer
Sole Defense
Advisor
2007-2010
US industrial
manufacturer
2009
Acted as sole advisor
to Gevity (Nasdaq:
GVHR) on its sale to
TriNet Group, Inc.
for US$99 million
Sole Financial
Advisor
s sole advisor
’s Lider on
of a 42.5%
Bristow
nc. for
million
ancial
Skywest (ASX: SXR)
$100 million sale to
Virgin Australia
Chief Financial Officer
2013
Emirates divestiture of
Mercator Asia
reservations system to
Bravo Passenger
Solutions
Advisor
2014

9. Copyright Brian O’Dwyer, Miguel Soriano and InteDashboard.
May be used with attribution. Slides available from odwyerb@erau.edu
6
Situation
▪ Co-author was approached to conduct a guest lecture for a
Mergers & Acquisitions (“M&A”) class at the National
University of Singapore
~40 undergraduate honors business students
~40 masters students
▪ Students had covered M&A in various modules but had not
applied the content together
▪ Co-authors were interested in conducting class like a
“hackathon”, with students working in teams to apply
knowledge instead of a passive guest lecture

10. Copyright Brian O’Dwyer, Miguel Soriano and InteDashboard.
May be used with attribution. Slides available from odwyerb@erau.edu Survey of Business Leaders by Gallup in 2014.
McGraw-Hill Education 2016 Workforce Readiness Survey. 7
Problem: Lectures don’t work
Laurentius de Voltolina, School of Bologna 14th century.
Learning 1.0
Passive content transmission
Learning 2.0
Digital content transmission
Over 80% forgotten Limited team skills

11. Copyright Brian O’Dwyer, Miguel Soriano and InteDashboard.
May be used with attribution. Slides available from odwyerb@erau.edu
3
Problem: M&A deals are not like lectures
=
Lecture hallM&A deals

12. Copyright Brian O’Dwyer, Miguel Soriano and InteDashboard.
May be used with attribution. Slides available from odwyerb@erau.edu
Key question
▪ Question:
How to guest lecture without [just] the lecture?
▪ Answer:
Use the 4S Application exercise technique from
team-based learning (“TBL”)
8

13. Copyright Brian O’Dwyer, Miguel Soriano and InteDashboard.
May be used with attribution. Slides available from odwyerb@erau.edu
Typical TBL process
10
In class: Open
book
1. Pre-work 4. Clarify
doubts
2. Quiz 5. Team
applications
3. Team
quiz
Before
class
In class: closed book
readiness assurance
After class: Appeals and Peer evaluation

14. Copyright Brian O’Dwyer, Miguel Soriano and InteDashboard.
May be used with attribution. Slides available from odwyerb@erau.edu
9
The 4S application exercise defined
Sydney
CanberraWhat is the
best aircraft
for the
route?
Simultaneous
report
Specific
choice
Significant
problem
Same
problem
A. ATR-72
B. E-170

15. Copyright Brian O’Dwyer, Miguel Soriano and InteDashboard.
May be used with attribution. Slides available from odwyerb@erau.edu
The first 10 weeks of the course was effectively the
readiness assurance part – covering the theory so
the guest lecture could focus on application
10
1. Pre-work 4. Clarify
doubts
2. Quiz 5. Team
applications
3. Team
quiz
First 10 weeks Guest lecture

16. Copyright Brian O’Dwyer, Miguel Soriano and InteDashboard.
May be used with attribution. Slides available from odwyerb@erau.edu
11
Guest lecture learning objectives:
At the end of the guest lecture participants should be
able to:
1. Experience: the key parts of a M&A deal of a young,
high growth company
2. Value: a high growth, technology startup
3. Describe: how to structure a M&A deal
4. Identify: the key components of a Letter of Intent (LOI)
and Due Diligence Process

17. Copyright Brian O’Dwyer, Miguel Soriano and InteDashboard.
May be used with attribution. Slides available from odwyerb@erau.edu
12
Guest lecture agenda (~2 hours total)
▪ Introductions
▪ Logistics
▪ Company overview (lecture)
▪ Three phases of applications
1. Deal
Rationale
2. Value &
Structure
3. LOI &
DD
1a) Data requirements
1b) Top 3 reasons to do /
not do the deal
1c) Go / no go decision
2a) Value acquirer and
value target
2b) Deal structure
2a) LOI – top 3 most
important issues
2b) DD – top 3 most
important issues

18. Copyright Brian O’Dwyer, Miguel Soriano and InteDashboard.
May be used with attribution. Slides available from odwyerb@erau.edu
13
Phase one a) data requirements

19. Copyright Brian O’Dwyer, Miguel Soriano and InteDashboard.
May be used with attribution. Slides available from odwyerb@erau.edu
14
Phase one b) Top 3 reasons to do the deal

20. Copyright Brian O’Dwyer, Miguel Soriano and InteDashboard.
May be used with attribution. Slides available from odwyerb@erau.edu
15
Phase one b) Top 3 reasons NOT to do the deal

21. Copyright Brian O’Dwyer, Miguel Soriano and InteDashboard.
May be used with attribution. Slides available from odwyerb@erau.edu
16
Phase one c) Go / no go decision

22. Copyright Brian O’Dwyer, Miguel Soriano and InteDashboard.
May be used with attribution. Slides available from odwyerb@erau.edu
17
Phase two a) Value the target and acquirer

23. Copyright Brian O’Dwyer, Miguel Soriano and InteDashboard.
May be used with attribution. Slides available from odwyerb@erau.edu
18
Phase two b) Deal structure

24. Copyright Brian O’Dwyer, Miguel Soriano and InteDashboard.
May be used with attribution. Slides available from odwyerb@erau.edu
19
Phase three a) Letter of Intent Top 3 items

25. Copyright Brian O’Dwyer, Miguel Soriano and InteDashboard.
May be used with attribution. Slides available from odwyerb@erau.edu
20
Phase three b) Due Diligence Top 3 items

26. Copyright Brian O’Dwyer, Miguel Soriano and InteDashboard.
May be used with attribution. Slides available from odwyerb@erau.edu
Role of technology: simultaneous report
8
Suspends builds… …responses revealed

27. Copyright Brian O’Dwyer, Miguel Soriano and InteDashboard.
May be used with attribution. Slides available from odwyerb@erau.edu
Role of technology: facilitation support
8

28. Copyright Brian O’Dwyer, Miguel Soriano and InteDashboard.
May be used with attribution. Slides available from odwyerb@erau.edu
Role of technology: data tracking
8
How long did
it take?
Time Management
Today’s free response…
…tomorrow’s MCQ choices

29. Copyright Brian O’Dwyer, Miguel Soriano and InteDashboard.
May be used with attribution. Slides available from odwyerb@erau.edu
Student feedback
8
0 1 2 3 4 5 6 7 8 9 10
Series 2
LEARNING
OBJECTIVES met
TECHNOLOGY
enhanced learning
OVERALL would
recommend to others
Recommend the
FOMRAT to others
Disagree Agree
8.2
8.9
9.4
8.8

30. Copyright Brian O’Dwyer, Miguel Soriano and InteDashboard.
May be used with attribution. Slides available from odwyerb@erau.edu
Student feedback with Net Promoter Score (“NPS”)
8
2
22
28
48
0 1 2 3 4 5 6 7 8 9 10
Percentageof
Respondents/%
+ Promoters
- Distractors
= NPS: 76
Promoters
+76%
Passives
24%
Distractors
0%
Strongly
disagree
Strongly
agree
Overall would recommend to others
NPS benchmarks
Source: Promoter.io

31. Copyright Brian O’Dwyer, Miguel Soriano and InteDashboard.
May be used with attribution. Slides available from odwyerb@erau.edu
Students what went well: “interactive”
8

32. Copyright Brian O’Dwyer, Miguel Soriano and InteDashboard.
May be used with attribution. Slides available from odwyerb@erau.edu
Faculty impressions
▪ Positives
• Very engaging and active
• Good “real world experience”
• Great way to bring industry into the classroom
• Somewhat “easy” way to get started with active learning
▪ Considerations
• Time management was tricky
• Tradeoff between “free response” easy to create but harder
and longer to facilitate and “multiple choice” harder to
create but easier and shorter to facilitate
8

33. Copyright Brian O’Dwyer, Miguel Soriano and InteDashboard.
May be used with attribution. Slides available from odwyerb@erau.edu
4S applications versus case study method
Traditional Case
8
Simultaneous report
Specific choice
Significant problem
Same problem
✓
4S Applications
✓
?
✓
✓
✓
✓
?

34. Copyright Brian O’Dwyer, Miguel Soriano and InteDashboard.
May be used with attribution. Slides available from odwyerb@erau.edu
Implications and next steps
▪ Tried this with a guest speaker in my class from
Changi Airport Group – worked very well
▪ Try again in the same class but with better time
management
▪ Try this during a conference presentation
8

35. Summary
35Copyright Brian O’Dwyer and CognaLearn Pte Ltd and www.intedashboard.com where applicable.
Slides available from odwyerb@erau.edu and may be used with attribution
Learn more
Brian O’Dwyer
odwyerb@erau.edu
Team-Based Learning
Collaborative
www.teambasedlearning.org
TBL software
www.intedashboard.com
Guest lectures
don’t need to
look like
lectures