Module 1

Organization = company

Organization Chart – a diagram showing the tasks and responsibilities of

the parts of a company, and how they are related

Finance – money and its provision

Production – the act of producing, the amount produced

Materials Control – work in progress used in manufacturing cycle

Management
1)the group of people who control a company or organization

2) The control and organization of smth

e.g. The company has suffered  from
several years of bad management.

Marketing – the business activity which includes finding out customers

wishes in order to sell products and services more effectively

Tooling –

1) the process of getting, making, or using

the right equipment for a particular purpose
e.g.
The company has  experienced tooling difficulties on its latest products.

2) a set of equipment used for a particular purpose:

e.g. They supply precision tooling for the bodywork of sports cars.

Capital –

money and possessions which are used to produce more wealth

e.g. We invested  $20,000 capital into the business, but
we're unlikely to see any return for a few years.

To assemble –
 to collect together money, for example a loan, from
different people, companies, or organizations:
e.g. The  consortium has already assembled a loan of €400m-€500m
from the  banks.

Credit – received sum of money which borrower must return later till
specific deadlines with interest added (% return)

To be obligated to – feeling that you owe someone

[because you are grateful for what they have done for you]
1. To pass on – polite version for ‘die’
2. To set up – to start a new business
3. To be at a war with each other – to be in a serious conflict with
each other
4. People at the top – people in high or very important position
5. At a successive level – at the next level which must be better than a
previous one
6. To carry out a project - to put a project into action

 To merge - merger
(creation of new company how two join 2 different companies – new
company)
 To acquire – acquisition
(one company buys another company or its part)
 To take over – takeover
(one company takes the common financial resources of another company as
functions as an independent unit)
 Strategy – strategic
(strategic plan - as a part of plan with important aims)
 To bid – a bid
(a bid – an offer to buy smth at a fixed price)
To make, takeover, reject, accept a bid

Conglomerate – n (C) a large business organization consisting of different

companies that have joined together
Corporate culture – n (C) the attitudes or beliefs that are shared by a
particular organization (e.g. the attitude of greeting – showing the respect)

Multinational – adj. a multinational company has offices, factories,

activities, etc. abroad

Share – a unit of the capital of the company.

e.g. Shares in listed companies can be bought and sold on the stock exchange

Synergy – n (C,U) – additional advantages, profits etc. that are produced by

2 people or organizations combining their resources and ideas
(взаимодополняемость)

1. shareholder value – what stocks in a public company are worth

2. conglomerate – organization comprising (включающее) several
companies
3. portfolio – a collection of companies
4. core competence – most important activity
5. bid – an offer to buy
6. vertical integration – controlling all stages of one particular type
of business

Metaphors:

 Period of sleeping through the winter – hibernation

 Instincts – animal spirits
 Something to aim at – to target
 One who hunts another – predator

Expressions:

 To make an excellent recovery – start performing at the same level

as it used to be
 To be rewarded for – to be said thanks
 To approach smb – to refer to smb
 To look like – to be similar; to appear
 To see an opportunity of - to have a good chance
  To integrate – to be involved into
 Corporate culture
 To be quite a shock – it was a shock, but not really
 Strategic partner
 A sympathetic bank – unusual situation when bank understands the
customers situation (credit paying difficulties)
 To make a new start independently – to start from the scratch
 To be delighted – very polite form of ‘I am glad’
 To keep operating on our own – a company started to perform
independently
 To take this opportunity – to have a chance

Expressions:

 To have points of contention– to have satisfaction, pleasure about

smth
 Conflicting approaches – contradictive approach (one group does not
accept the other
 To run a business – to manage a business
 To be different from
 To make an acquisition work – if you acquire smth, you get smth
 Products work together – products are very good for working
together
 Tends to be quite different from – it seems that one is different from
another
 To encourage - stimulate, support
 To interact separately with – to communicate with different groups
of people
 Ways of team working – different types of group work
 To build relationship with – to establish a relationship with smb
 To overcome relationship problems – to get rid of relationship
problems
 To sit down together – to work together

NB
 To sign a deal
 To be part of the deal
 At the bank (I am at the bank – I work at the bank)
 To accept a position of
 To reject a position of
 On behalf on smb
 To pay money to someone
 To have a privilege of keeping a post of somebody (professor)
 To make a deal
 To break a deal
 To join an institution (university) – to be employed by (an
institution)
 To take a backseat – to be in the second position of importance
 To agree to - not alive (a merger)
 To agree with – live being (Ms. Smith)
 To have once carrier on a high – to be at the top position at the
company
 To have an increase in smth
 To have a decrease in smth