2. Complete the sentences so that they are true for you. Compare with a partner.

About me in general:

1. I wish I __. (ability)

2. I wish I ( to be)__. (adjective of personality)

3. I wish I (not to be) __. (adjective of personality)

4. I wish I (to have) __. (personal possession)

5. I wish __.

About me in the past:

1. I wish I __. (ability)

2. I wish I (to be) __. (adjective of personality)

3. I wish I (not to be) __. (adjective of personality)

4. I wish I (to have) __. (personal possession)

5. I wish __.

Things people do that annoy me:

1. I wish my colleagues __. (affirmative sentence)

2. I wish my colleagues __. (negative sentence)

3. I wish my boss __. (affirmative sentence)

4. I wish my boss __. (negative sentence)

5. I wish there was a law against companies that __.

3. Write a sentence with If only I…

1. I didn't have a holiday last year and now I'm really exhausted.

2. Unfortunately, I couldn't attend the conference.

3. I left my iPhone in the cafe and someone stole it.

4. I didn't set my alarm clock, so I was late for a meeting.

5. I didn't know about their financial problems and invested in their company.

Case Study

Read the case and discuss the following questions in groups. Discuss reasons for MegaFon’s success.

1. Why did MegaFon decide to use @RISK model? What did they want to change and which goals to achieve?

2. How does @RISK model help the risk management team at MegaFon in terms of risk management?

3. What do you think are the main reasons of MegaFon’s success on the market? What are the key success factors of any business on the market?

4. What other modern successful Russian companies can you describe? What is the basis of their success?

Risk Management Programme at Russian Telecoms Giant, MegaFon³¹

In 2012 MegaFon increased and formalized its level of qualitative analysis and forecasting, as well as put in place a process that would integrate risk management with its budgeting and investment planning. The aim was to provide the management team with insights that enabled informed decision-making to increase its capital expenditure efficiency.

@RISK Enhances Budgeting Process

Every year, MegaFon’s eight regional branches in Russia are required to undertake a major planning and accounting exercise for the 12 month ahead. This provides the management team with an in-depth analysis of the risks associated with each element of its budget and enables it to determine whether the company will be able to fulfil its promises with regard to cost incurred and revenues achieved.

Each branch states the risks it faces, such as competition, changes in legislation that will require it to operate differently, price increases and changes to stuffing cost. They also calculate how much each budget will be over or under the forecast. The risk management team at MegaFon’s headquarters amalgamates the information from each of its offices and simulates possible scenarios using an @RISK model. The variables within these models are analyzed in a tornado graph, allowing the five critical factors most likely to significantly affect the company’s gross revenue to be identified and therefore mitigated. In addition, @RISK shows realistic minimum, best case and median budget figures and the probability of their occurrence. These are compared to the budget plans to determine whether the forecast is too aggressive or not ambitious enough. Overall, the management team can see whether their desired revenue is achievable.