1. Facoltà di Economia Lingua Inglese Olga Denti
Corso di Laurea in Economia e Gestione Aziendale
Corso di Laurea in Economia e Finanza
Lingua Inglese
Luisanna Fodde
Olga Denti
a.a. 2006/2007

2. COMPANIES English words connected with COMPANIES
CLUBS SOCIETIES ASSOCIATIONS
MANAGERS DIRECT ORGANIZE
ORGANIZATION STRUCTURE
MANAGE MANAGEMENT
PARTNER PARTNERSHIPS
Ltd LIMITED PLC PUBLIC LIMITED COMPANY
INC. INCORPORATED CORPORATIONS ENTERPRISE

3. COMPANIES SHAREHOLDERS CORPORATIONS ENTERPRISES ENTREPRENEURS
ENTREPRENEURSHIP
JOINT STOCK COMPANIES Plc Inc
MULTINATIONALS SUBSIDIARIES
SHAREHOLDERS
DOTCOMS, ORGANIZATIONS
BUSINESSES CONCERNS FIRMS
Sole trader, self-employed

4. TYPES OF COMPANIES A MULTINATIONAL CORPORATION A SMALL FAMILY BUSINESS
A MEDIUM-SIZED ENTERPRISE
SMEs: Small and Medium-Sized Enterprises
A HIGH-TECH CORPORATION

5. Global Companies
When a company globalises it tries to choose the best method to enter the overseas markets. Some of the methods are:
ACQUISITION
JOINT VENTURE
CONSORTIUM
FRANCHISING
LICENSING
LOCAL PARTNER
SUBSIDIARY
MERGER

6. Global Companies A) Buying or taking over another company
ACQUISITION (TAKEOVER) -JOINT VENTURE-CONSORTIUM-FRANCHISING-LICENSING-LOCAL PARTNER -
SUBSIDIARY - MERGER
A) Buying or taking over another company
B) A company partly or wholly owned by a parent company
C) Selling the right to a manufacturer’s trademark
D) Giving someone the exclusive rights to sell products in a certain area
E)A person or company who cooperates with a foreign company who wishes to enter the market
F) Two or more companies join temporarily to carry out a large project
G) A group of companies in similar businesses working together.
H) The integration of two or more corporations into one

7. Match the words with the definitions
Company Structure
STEEP(TALL) HIERARCHY: Many levels of management (hierarchical and bureaucratic organizations)
FLAT HIERARCHY: More equality and flexibility
Match the words with the definitions
(p. 10)

8. Company Structure
STEEP(TALL) HIERARCHY: Many levels of management (hierarchical and bureaucratic organizations)
FLAT HIERARCHY: light organizational structure
More equality and flexibility less traditional company
(p. 12).
Company divisions/departments:
IT, HR, LA, F, C
Information Technology, Human Resources, Legal Affairs, Finance, Communications
PRESIDENT-CHAIRMAN
BOARD OF DIRECTORS (BOARD OF MANAGEMENT)
MANAGING DIRECTOR (CEO: CHIEF EXECUTIVE OFFICER)
GENERAL MANAGER (JUNIOR, MIDDLE, SENIOR)

9. Hierarchical structure

10. Hierarchical structure

12. (Reading Comprehension)
Companies
(Reading Comprehension)
A matter of choice (p. 9)
READING 1
Choice influences the environment.
If consumers, producers and shareholders have more choice, companies must become more flexible to give consumers, shareholders, ecc. what they want

13. (Reading Comprehension)
Companies
(Reading Comprehension)
A matter of choice (p. 9)
READING 2
II para
Hierarchical and bureaucratic organizations. Provided lifetime employment, good relations with trade unions, standardised production
2. III
Changed production systems, flattened their organization, flexible employment
3. III
Moving/changing from mass-produced goods to customised products (smaller quantities, larger profits)

14. (Reading Comprehension)
Companies
(Reading Comprehension)
A matter of choice (p. 9)
READING 2
4. VI, V, VI para
Giant companies, New global companies (no factories, no tangible products), Networks
5. VII
Because consumers, producers and shareholders have more choice
6. VII
Flexibility

15. (Reading Comprehension)
Companies
(Reading Comprehension)
A matter of choice (p. 9)
PARA I:
“was run”: polysemy
PARA II:
The verb: finite and non-finite verbs (making, introduced, provided..)
PARA III:
“giant corporations” (giant trade unions, II, giant companies, IV): NOUN COMBINATIONS
“standardised”; “customised”: Morphological structures: VERBS FROM NOUNS

16. (Reading Comprehension)
Companies
(Reading Comprehension)
A matter of choice (p. 9)
PARA IV
-What is a possible synonym for “takeover”; and a possible one for “owns” (paraV)?
PARA VI
“To market”. Can you think of other English examples of words with more than one value (verb, nouns, adjectives..)??
PARA VII
What is the opposite of: “traditional”; “flexible”; “lower, v.”; “quickly”; “survive”; “dominated”

19. TO CHECK YOUR PREPARATION YOU CAN DOWNLOAD THE EXIT TESTS
FOR EACH UNIT AT