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The global company

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Career management

1. short-term contract

2. career prospects

3. employee

4. employer

5. job opportunities

6. to complete a project

7. retirement

8. a list of priorities

9. human resources department

10. career development

11. entrepreneurship

12. to fire = to lay off

13. severe skills shortage

14. redundancy

15. CEO (Chief Executive Officer)

16. CFO (Chief Financial Officer)

17. to hire

18. co-founder

19. competitive salary

20. a wide variety of experience

21. fast-paced company

22. to compete

23. to work under pressure (in a very stressful environment)

24. opportunities to grow

25. recruitment

26. a successful applicant

27. a job interview

28. to have great references

29. health insurance

30. to make a real contribution to the company

31. managerial responsibility

32. to thrive

33. advantage (disadvantage)

34. decision – making

35. to launch one’s own business

36. initiative

37. to depend on

38. to apply for a job

39. independence

 

 

Global production

1. to succeed (make it)

2. to make (lose) money

3. customer

4. quality

5. price

6. market leader

7. business failure (success)

8. to take risks

9. target customers

10. to focus on

11. to adapt to change

12. competition

13. to deal with

14. outsourcing production

15. overseas plant

16. manufacturing costs

17. consumer

18. to manufacture

19. to complicate

20. production facilities

21. market share

22. in global terms

23. to satisfy quality requirements

24. import tariffs

25. cost-driven approach

26. to supply

27. subject to

28. to adjust more swiftly

29. lack of

30. ownership

31. availability of suitable employees

32. supplier

33. financial benefits of

34. product innovation

35. sweatshop conditions

36. assembly plant

37. trade barriers

38. merger

39. acquisition

40. in response to customer demand

41. buyer

42. seller

43. distributer

44. retailer

 

Company structure

1. to prevent

2. manufacturer

3. logistics department

4. to engage in

5. to boost productivity

6. to favour speedy decision-making

7. organizational structure

8. to report to smb

9. to be under smb

10. business entity

11. a solid structure

12. functional structure

13. to reflect target market

14. to organize oneself along product lines

15. matrix structure

16. focus on the product

17. traditional chain of command

18. clear lines of communication

19. delayering process

20. to move towards centralization and outsourcing

21. geographic structure

22. customercentric approach

23. to be split up into business units

24. a huge bureaucratic infrastructure

25. empowerment

26. company objectives

27. competitive edge

28. the need to reduce costs

The global company

1. different routes to the global market

2. multinational

3. to exploit global economies of scale

4. rising costs

5. worldwide spread of shared tastes

6. giant

7. to be run very firmly

8. to have a large degree of autonomy

9. headquarters

10. flexible

11. to differ sharply

12. to comprise

13. a global strategy with local management

14. be responsible for

15. to attune to regional tastes

16. a high proportion of foreign output

17. to take charge of

18. to represent a correct response to the demands of the global market

19. to grow rapidly

20. to become increasingly self-sufficient

 


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