
- •Success “The only place where success comes
- •Starting up
- •What makes people successful? Choose the five most important. Add more words to the list below.
- •What are the best indicators of an individual's level of success? How important are the following in your culture?
- •How do you judge the success of a business? Comment on the statements below.
- •Vocabulary
- •Bid book charge manoeuvre number run strip subscribe take vote
- •Complete these sentences using the prefixes over- or out-, and the correct form of the verbs above. Use each prefix and verb combination only once.
- •Complete the following sentences with the best word.
- •Reading
- •Before you read the article, discuss these questions.
- •Read the article. Then make notes under the headings below.
- •Choose the best definition of the verbs in italics in these extracts.
- •Find the recent information about Nokia’s market capitalisation and market share.
- •What are the most successful companies in your country? Prove your choice.
- •1. Find the most appropriate summary for each paragraph. (Some of the summaries are not used.)
- •2. Find the meanings of these items from lines 7-11, as they are used there.
- •3. True or false (lines 9-17)?
- •4. Find words in lines 20-30 to complete these statements.
- •While you are watching
- •After watching
Choose the best definition of the verbs in italics in these extracts.
1. Nokia has a consistent record of increasing volumes by more than enough to offset falling prices.
to make one thing less than another resulting in a great difference
to cause something to happen
to balance one amount against another so that there is no great difference as a result
2. Chemicals, tyres, cables and television-set manufacturing were among the businesses offloaded during the early 19905.
to sell a company at a higher price than expected
to get rid of something you do not want by giving or selling it to someone
to sell a company at a lower price than expected
Find the recent information about Nokia’s market capitalisation and market share.
What are the most successful companies in your country? Prove your choice.
Text 2
What makes PRODUCT innovations successful?
Before you read
Why do some products succeed and others fail? Think of one big success and one big failure, and list the factors that were important in each case.
Reading
Read this article from the Financial Times by Gabriele Marcotti and answer the questions.
Stay tuned to consumer taste
Eight out of ten new products are commercial failures.
Why do so many companies get it wrong?
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Today we are told we live in a rapidly changing, technology-driven world, hungry for better, more powerful products. More money than ever is spent on research, development and invention. Yet it is generally accepted that eight out of ten new products fail. Worryingly, the ratio has remained constant over the past 30 years. Two conclusions can be drawn: either consumers are not as interested in innovation as we think or they are not being offered the right products. Art Fry knows a thing or two about innovation: he invented the Post-It note on behalf of 3M. "People hate change, and many companies still don't really understand that," explains Mr Fry. "People follow their own established patterns. They figure that even if a new product is better, perhaps all the work involved in learning how to use it and getting accustomed to it simply isn't worth it." Not necessarily, maintains Vijay Jolly, professor of strategy and technology management at the Institute for Management Development in Lausanne, Switzerland. He has identified a number of elements crucial to success: "The first is what I call the use paradigm: what is the product going to be used for and how. Take multimedia functions, for example. Some contend that they are part of the personal computer paradigm, which people will access and use them as they do with PCs. Others believe it's a television paradigm, it's a passive process rather than an interactive one. Either way, you need to be very clear about what your product is for. "Another factor to keep in mind is that more often than not, class association is more important than added value," he adds. "That is, in class association, when designing a product, avoid making it unique. People will accept a substitute for an existing product much more easily if they can relate it to the existing product. Of course, it has to be a better substitute as well. The only exception to this is when the relative added value of the new product, from the consumer's point of view, is immensely greater, but that is extremely rare." Bearing this in mind, consumers will reject, say, a pyramid-shaped television, even if it is ten per cent "better" than existing ones, because it will not have the required class association. According to Professor Jolly, a conventional-looking television that is just two per cent better has more chances of success than the pyramid TV... From the Financial Time |