Mr. Niall Douglas.  9am-10am: Last night’s reading  10am-11am: Analysing Competition using Porter’s Five Forces and P.E.S.T.  11.20am-12.20pm: Practising.

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Presentation transcript:

Mr. Niall Douglas

 9am-10am: Last night’s reading  10am-11am: Analysing Competition using Porter’s Five Forces and P.E.S.T.  11.20am-12.20pm: Practising English Presentation Skills  12.20pm-1.20pm: Tonight’s reading + Check on group work plan

1. Vocabulary check 2. Comprehension check

 One of the biggest threats in the next few decades to German and Chinese manufacturing – and intellectual property law – is going to be 3D printing  3D printers let any small firm or even a single person convert a design on a computer into a real, fit-for-purpose object very quickly and cheaply  3D printers are coming down rapidly in cost – just €30,000 for a model which can churn out a few thousand copies  If there is going to ever be a long-term serious, perhaps fatal, threat to Germany’s Mittelstand it could be this  It will be equally threatening for the US and Britain as it makes Intellectual Property Law irrelevant

1. Listening 10 mins 2. Practice Presentation Speaking mins 3. Prepare to describe graph 10 mins mins to give mini-presentations Total: 1 hour

 Listen to the track on smartphones and PDAs

1. Practice reading the extract about PDAs and Smartphones with your partner 2. Repeat with new extract

 Prepare a 1 min speech about any one of the graphs  Make it interesting!!!  For example, flail your arms around. Become the centre of attention.

 Go presentations!!!

 Well done everyone on your presentations!  Tonight’s reading is about Commodity Price Inflation  Commodity Price Inflation is going to be one of THE most important things in your future lives  What is the difference between general inflation and commodity price inflation?

 Oil is a non-substitutable source of energy for (in priority): 1. Agriculture (tractors, machines). For every “barrel” of wheat grown in the West another barrel of oil is used. It’s 10:1 for beef! 2. Mining (diggers, machines – due to remoteness of most mines) 3. Transport (container ships especially)

 Currently oil is rising in price by 15-20% per year. Hence: 1. Food is also rising in price by 15-20% per year 2. Raw materials (copper, iron, phosphorous) are rising in price by 15-20% per year 3. Transporting anything from anywhere to anywhere is rising in price by 15-20% per year  The problem is our incomes are NOT rising by 15-20% per year. So we are all going to become much poorer!!!

 Questions regarding Commodity Price Inflation  Break into your groups – I want to find out how your Group Task is going