new_insights_into_business_studen

Review 3

Grammar check

I Complete the passage below by choosing the correct forms of the words in italics.

The latest dilemma 1 who / which faces thousands of businesses all over the world is yet another result of

2 an / the explosive growth of the Internet. But this time the question 3 that / whose executives are asking is 'How can I get my company's name on the Net?'.

The fraudulent use of company and brand names on the Net, 4 which / that is technically no different from normal trademark infringement, has become 5 a /the problem of global proportions. As executives 6 which / whose companies have been slow to set up on the Web are finding out, 7 setting up / to set up an official site on the Web doesn't necessarily mean that someone somewhere isn't already trading under your name.

For the time being 8 a / the whole issue of trademark piracy is one 9 that / who seems 10 to be / being totally out of control. Before the arrival of the Net, companies 11 whose / which logos had been copied illegally would generally find that the copies were restricted to one geographical region. It was then possible 12 identifying / to identify the people 13 who / which were behind the infringement and take the necessary legal action.

It is no longer that simple today when the only things

14which / whose pirates need are some computing

15powers /power and a base in a country 16 which / whose government has no intention 17 to sign / of signing any international agreements on brand name

protection. And once they've got that, there's not really much 18 that / who anyone can do 19 stopping / to stop them 20 using / to use your logo.

2 Underline the mistake in each sentence, and correct it.

1Our European market is growing jnere faster than our Asian one.

2Our products are marketed to the children as well as adults.

3We chose a TV campaign but we could have did a print one as well.

4We carried out a full study and collected a lot of informations.

5Advertisers as Benetton have very provocative campaigns to get publicity.

6He needs lots of equipments for his new business.

7This is a no smoking area; we don't have to smoke here.

8The mergers do not always work out the way top executives plan them.

9Advertising on the Internet is cheaper as advertising on TV.

10A product as ours is always successful on the American market.

3 Rewrite the extracts from a speech made by a chief executive officer, using reported speech. Make any other necessary changes.

1 We are making every effort to improve our financial performance.

He said LV*.y ioere twak-Lrsq e^/en.) effort

\r o i

2We expect to be in a position to resume dividend payments next year.

He said

3You are the people who will decide the future of the organisation.

He said

4Last year we encountered a number of unexpected problems.

He said

5These problems resulted in disappointing sales figures in our main market.

He said

6We have already started to work on improvements.

He said

7We are going to have two main objectives in the coming year.

He said

8We must improve customer satisfaction. He said

9We will have to innovate in new areas of business.

He said

10We can then re-establish our company as market leader.

He said

Vocabulary check

1 Complete the boxes with the words and expressions from the list below that are most commonly associated, with each theme.

The Business Media

2 Replace the words and expressions in italics with words from exercise 1 in the correct form.

Nowadays,1 peoplewhohavestartedcompanies

can access important information through various2 channels which distribute information

allows companies to do all kinds of4 studies quickly and efficiently without

leaving the office. Businesses can look for potential

5 companies to buy and get

essential market data about specific 6 parts

of their market at the push of a

button. Professional business media companies provide specialist material exclusively to people who 7 pay a fee

. They also earn money by running

8 audiovisual advertisements for

various products and services. Companies can also get market information directly from the public in 9 informal

them to build up 10 pictures of typical customers

3 Complete the passages below, using words from A and B in the correct form.

The trade unions are fighting for salary increases and a shorter working week. The Managing Director, however, has rejected this proposal, saying that the

are active in markets throughout the world. Most of

market share. We have decided to launch a new product range which will include more expensive

would like. We expect the launch to go well as it has all been carefully 10 .

Name: Susan Robertson

Age:

Nationality:

Marital status:

Salary:

Company:

Present position:

Background:

Present responsibilities:

Name: Giancarlo Peretto

Age: 48

Nationality: Italian

Marital status: Married, 3 children

Salary: $160,000 per annum

Company: The Milan Bank of Commerce

Present position: Chief Financial Officer

Reports to the Managing Director

Background:

•Studied at the London School of Economics

•Joined the accounts department in 1985

Present responsibilities:

•Leads a team of senior executives working on various aspects of financial management

•In charge of planning the bank's financial strategy

Unit 12 Role-play

The chairperson

You should prepare a short introduction about the proposed alliance. You have to convince the participants that the alliance is a positive move for your company.

Explain the 35-hour week situation.

Study the language of chairing a meeting carefully and be ready to fulfil your role as the organiser of the meeting. Invite each person to speak and summarise what they've said before moving onto the next speaker.

You will accept some of the compromise suggestions put forward and delegate the organisation of these 'action points' to the relevant people. Fix a date and time for the next meeting to discuss progress on the action points.

Unit 3 Speaking

Student A

Breakdown of share ownership at 31 December 1998

L'Oreal share performance

3600-

minority Interests)

MOTOROLA

Motorola maintains sales, services and manufacturing facilities throughout the world, conducting business on six continents. Its major business areas are: advanced electronic systems, components and services, two-way radios, paging and data communications, automotive, defence and space electronics and computers. It has the largest portfolio in the world of cellular phones. The CEO is Christopher Galvin and the headquarters are situated in Chicago. Sales in 1999 were $30.2 bn.

Name of company Headquarters Chairman

Business activities

Main markets.

Sales in 1999

Company Details:

Business established in: 1983 Franchised since: 1994

# of franchised units: 472 Company owned: 1

Financial information for franchisees:

Startup cash required: £12,500 Investment required: £18,900

Ongoing fees per month:

Year 1 - £100; year 2 - £300; year 3 - £400

•

•

•

•

•

•

•

•

Unit 6 Role-play

Student B

You are an experienced journalist and you want to create a new magazine entitled The Security Gazette. The magazine will be aimed at professionals from the security industry. It will cover all subjects related to the protection of people and property and will be distributed nationally. The target audience consists of the employees of private companies in this sector, which is growing at 10 % annually. It is also designed to appeal to public sector organisations such as the police, and also to the general public.

Communication Activities

Use the information below to help you to prepare your negotiation. Remember that you should convince the banking representative that you have:

•the right character

•a serious commitment to the business

•the capacity to manage it

•enough collateral or security to use as a guarantee

ex: C

J=

• wmm

I/)

CO

Product description: Full colour magazine, A4 format, 80 pages Market size: Potential - 7,000 issueJSpermonth

Competition: Fragmented; more s pecialist publications Sales forecast: 84,000 issues p.a. @ 3.75 euros = 315,000 euros

Credit history:

No previous business loan, only mortgage for house and consumer credit.

Unit 3 Speaking

Student B

Unit 12 Role-play

The Human Resources Manager

Opinions

In principle you disagree with the 35-hour week but believe in the necessity of the alliance. You feel the company will not survive without it. You should prepare arguments to convince the others of this.

Suggestions

Training seminars to develop team spirit and power sharing practices for executives.

Attitude

Open to other suggestions; you want to reach a compromise.

Unit 10 Speaking

Group B

(All figures are in French francs. Source: L'Oreal Annual Report 1998)

Consolidated cosmetics sales (1)

Consolidated net cosmetics sales 1998

CFF millions)

61,541 •

4 8 , 9 8 8 - , 56.

Growth

98 + 9.6%

97 + 14.6%

96 + 13.2%

98

Breakdown of 1998 cosmetics sales by sector

16.6%

O.S%

Communication Activities

Breakdown of 1998 consolidated cosmetics sales by geographical zones

Breakdown of 1998 consolidated cosmetics sales by division

J.7%

11.6%

The L'Oreal Group is the world leader in the cosmetics industry with international brands such as: L'Oreal, Laboratoires Gamier, Maybelline, Redken, Lancome, Helena Rubinstein, Biotherm, Vichy, Ralph Lauren Perfumes and Giorgio Armani Perfumes.

Research is one of the keys to L'Oreal success and has been at the core of the company's strategy since its foundation by a chemist in 1907. L'Oreal has built up its own cutting edge research by investing £1.2 billion in this area in the last 10 years.