Advanced Business English John Silberstein Group Y3 Lesson 4 – February 16, 2009

Amid-dictionary.com: 1.in the middle of; surrounded by; among: to stand weeping amid the ruins. 2.during; in or throughout the course of. Wholesalers-dictionary.com: the sale of goods in quantity, as to retailers or jobbers, for resale. John’s Definition: aggregator manufacturer’s products for sale/distribution to retailers. Plunged-dictionary.com: 1.to cast or thrust forcibly or suddenly into something, as a liquid, a penetrable substance, a place, etc.; immerse; submerge: to plunge a dagger into one's heart. 2.to bring suddenly or forcibly into some condition, situation, etc.: to plunge a country into war; to pull a switch and plunge a house into darkness. Stockpiles Consecutive Vacabulary Review

Stockpiles-dictionary.com: A supply stored for future use, usually carefully accrued and maintained. John’s Definition: A supply, such as inventory that is being stored for future use. It can also be used to connote overstocked inventory that will not be easily moved. Consecutive-dictionary.com: following one another in uninterrupted succession or order; successive: six consecutive numbers, such as 5, 6, 7, 8, 9, 10. Vocabulary Review

Oil majors mull mega-mergers as they eye minors Current Events What is an example of an oil major? Why are oil minor attractive acquistions for the majors? What is an equity deal? What are the biggest IOCs? What might be some obstacles to these mergers?

Up, up and away Reading How has the T5 agreement facilitated the management of the T5 project? What is the major constraint to construction of the project? How did BAA take on all the risk for conflicts during the construction of the terminal? How might this point to other core competencies for BAA?

Up, up and Away The principal problem related to building airports: Tricky building techniques Need to interface with other transport links Complex electronic systems BAA’s options for managing the project: Managing the project itself Outsourcing to a project management group The specific constraints inposed by the nature of the site: Limited access to the building site Limited storage The major risks usually involved in managing a project like T5 (para 6): Delays/Glitches – causing increased costs. Legal problems and haggling Work shut downs; therefore, time runs short.

Collocations An arrangement or juxtaposition of words or other elements, especially those that commonly co-occur, as rancid butter, bosom buddy, or dead serious. Complete the project management sentences using the correct form of the verbs from the list which collocate with the nouns in bold. In some sentences, more than one verb is possible. Miss reach establish achieve meet stick to set fix The major risks usually involved in managing a project like T5 (para 6): Delays/Glitches – causing increased costs. Legal problems and haggling Work shut downs; therefore, time runs short. Delays/Glitches – causing increased costs. Legal problems and haggling Work shut downs; therefore, time runs short.

Collocations Miss reach establish achieve meet stick to set fix Unless the team really pulls together, we’ll never ______ the deadline on the Malaysian order. Meet The project has been difficult so far. However, once we ______ the next milestone, evething should get easier. reach To make sense of our tasks, we need to _________ a timeframe within which we can all work. establish Frank is such an unreasonable boss: he always ______ our targets for overseas sales too high. sets Congratulations! We’ve __________ our targets for quality this year due to all your hard work. achieved We’ve been vague about the schedule for too long. It’s time we _____a date for definite and move on. fixed In the end, I ________ my deadline for my accountancy project, but it didn’t matter: everybody else was late too. missed Sam’s excellent at getting things done on time, but she finds it impossible to _________ her budget. Stick to Sam’s excellent at getting things done on time, but she finds it impossible to _________ her budget. Stick to Sam’s excellent at getting things done on time, but she finds it impossible to _________ her budget. Stick to Sam’s excellent at getting things done on time, but she finds it impossible to _________ her budget. Stick to