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The advantages of strategic alliances

  1. allowing each partner to concentrate on activities that best match their capabilities,

  2. learning from partners & developing competences that may be more widely exploited elsewhere,

  3. adequacy and suitability of the resources & competencies of an organization for it to survive.

Risks of Strategic Alliances

Strategic alliances can lead to:

  • competition rather than cooperation

  • loss of competitive knowledge

  • conflicts resulting from incompatible cultures and objectives

  • reduced management control.

An alliance can fail for many reasons:

  • failure to understand and adapt to a new style of management

  • failure to learn and understand cultural differences between the organizations

  • lack of commitment to succeed

  • strategic goal divergence

  • insufficient trust

  • operational and geographical overlap

  • Unrealistic expectationsKey questions on Module 1

Get ready to discuss the following questions:

  1. What are the phases of the organisational life cycle?

  2. Can you name some ways in which companies can be organised?

  3. What are the main types of companies?

  4. Which type of company would you prefer to work for? What are the advantages of working for it?

  5. What are the pros and cons of working for a large multinational corporation?

  6. What modem developments threaten the survival of a traditional company?

  7. What are companies with shareholders looking for?

  8. What options are open to businesses when they are competing with each other in the same market, if they want to avoid a price war?

  9. What is one of the most expensive areas of investment (after salaries) in, for example, the automobile or pharmaceutical industries?

  10. Can you suggest a way to reduce the high costs of Research & Development?

  11. What should a big successful company do if a smaller one produces cheaper and/or better quality products?

  12. What advantage can be gained by co-operating with another firm when purchasing raw materials or components?

  13. What is strategic alliance?

  14. What resources may partners provide alliances with?

  15. What are the stages of alliance formation?

  16. What are the advantages and disadvantages of strategic alliances?

  17. What are the risks of alliances?

  18. Why do some alliances fail?

Unit 4 recruitment and selection

"Four steps to achievement: Plan purposefully. Prepare prayerfully. Proceed positively. Pursue persistently.”

William A. Ward

QUIZ

Do the quiz working in pairs: ask and answer the questions giving reasons for your answers to each question.

HAVE YOU GOT WHAT IT TAKES?

  1. Do you find it easy to concentrate on one subject?

A Not at all, I like to think about a variety of things.

В I try hard but sometimes it’s difficult.

C Yes, I have no problems doing this.

  1. Do your leisure interests ever distract you from your work?

A No, never. В Sometimes. C Yes, often.

  1. You are planning a weekend with your family and friends. On Friday afternoon something urgent comes up. What is your reaction?

A You try to find someone else to do it for you.

В You forget your weekend and get on with what you have to do.

C You decide it will have to wait as you already have plans for the weekend.

  1. You get a new job and discover that the local college is running a

training course that will be very useful in your work. How do you react?

A You are not very interested in it.

В You decide to do the course even if you have to pay for it yourself. C You will go, but only if your new company pays for it.

  1. Where do you see yourself in five years’ time?

A You’ll probably be in the same position as now.

КУРС ДІЛОВОЇ АНГЛІЙСЬКОЇ МОВИ для магістрів 1

2. Find in texts above words or phrases with the following meanings. „ 10

3. Decide in which phase of the organisational life cycle the following happens: 11

4. Read Aesop’s Fable and comment on its moral: A Soldier and His Horse 12

5. Read this extract from Nestle Management report and note how the information is organised. Underline the key words. 14

6. Write or search for a short management report about a Ukrainian well-known company. 14

7. Read the newspaper article about the different ways in which companies are organised and do the tasks that follow: Efficient management structures are vital for success 14

D. Match these collocations as they occur in the text and then complete each sentence below. 16

E Match the terms in the box with their definitions below. 16

8. Complete the second sentence so that it means more or less the same as the first: 19

19. Use ‘find’ with ‘it’ and a variety of adjectives from this list to ^ : express your feelings on each of the matters mentioned below. ; 23

Complex Object with the Infinitive and Participle /, r 25

Complex Subject with the Infinitive and Participle r 25

20. Translate into Ukrainian paying attention to the infinitives. 25

21. Rephrase the following sentences using Complex Object: 25

22. Rephrase the following sentences into sentences with Complex Subject. 26

23. Check whether you know the definition of the following key terms from Unit 1. Use them in the sentences of your own. 29

Questions for discussion: 35

BUSINESS COMMUNICATION SKILLS Questioning styles 35

Closed questions 35

a) Using the information in the text above make questions for these answers. 39

9. Read the text about the factors that play a major role in determining the structure of tomorrow's companies and answer the questions that follow. A matter of choice 39

Questions: 40

10. Match the key terms and their definitions: 40

11. Complete the sentences with the correct options: 41

,s 42

Signposting 43

13. Choose one of the ‘signpost’ expressions from the box above for the following situations: 43

Outline talk 46

Present main part divided into points 46

Introduce your first point 46

Giving a presentation 16. Read the following tips and till in the gaps with an appropriate word or phrase from the box: 51

17. Find in the recommendations above the words that mean: 51

22. Decide whether you agree or disagree with the following statements. Make comments. 54

23. Pair work. The questioner asks about a company using the prompts below. The presenter answers the questions using appropriate comments. 54

Verbs instead of noun phrases 25. Rewrite these sentences changing the noun phrases to verbs where possible. Make any other necessary changes. 59

The words in italic below are unnecessary. Eliminate them from your writing. 59

28. Read the suggested answer and compare it with yours: 61

VOCABULARY DEVELOPMENT 1. a) What are the noun forms for these adjectives? Complete it without a dictionary, then check your answers in the dictionary. 63

b) Write three mini-dialogues using the adjectives and nouns above together. 63

2. Choose the appropriate preposition to complete the sentences: 63

5. By altering the scope of their activities 67

Mergers and acquisitions 68

Г 88

A 116

Соф. 118

A ' 134

я 181

«і 187

o 214

КУРС ДІЛОВОЇ АНГЛІЙСЬКОЇ мови для магістрів 298

A You are a bit jealous.

В You’re pleased for your colleague.

C You’re upset. You want to find out why it wasn’t you and what went wrong.

  1. Do you believe in the saying ‘practice makes perfect’?

A No, nobody’s perfect.

В Yes, the harder you work at things, the better you become.

C People don’t have enough time to practise things these days.

  1. Is it useful to look at the past?

A No, you can’t change what has happened.

В Yes, it’s very important to look back and analyse our mistakes so that we don’t repeat them.

C Maybe sometimes, but everyone can be wise about the past.

КУРС ДІЛОВОЇ АНГЛІЙСЬКОЇ МОВИ для магістрів 1

2. Find in texts above words or phrases with the following meanings. „ 10

3. Decide in which phase of the organisational life cycle the following happens: 11

4. Read Aesop’s Fable and comment on its moral: A Soldier and His Horse 12

5. Read this extract from Nestle Management report and note how the information is organised. Underline the key words. 14

6. Write or search for a short management report about a Ukrainian well-known company. 14

7. Read the newspaper article about the different ways in which companies are organised and do the tasks that follow: Efficient management structures are vital for success 14

D. Match these collocations as they occur in the text and then complete each sentence below. 16

E Match the terms in the box with their definitions below. 16

8. Complete the second sentence so that it means more or less the same as the first: 19

19. Use ‘find’ with ‘it’ and a variety of adjectives from this list to ^ : express your feelings on each of the matters mentioned below. ; 23

Complex Object with the Infinitive and Participle /, r 25

Complex Subject with the Infinitive and Participle r 25

20. Translate into Ukrainian paying attention to the infinitives. 25

21. Rephrase the following sentences using Complex Object: 25

22. Rephrase the following sentences into sentences with Complex Subject. 26

23. Check whether you know the definition of the following key terms from Unit 1. Use them in the sentences of your own. 29

Questions for discussion: 35

BUSINESS COMMUNICATION SKILLS Questioning styles 35

Closed questions 35

a) Using the information in the text above make questions for these answers. 39

9. Read the text about the factors that play a major role in determining the structure of tomorrow's companies and answer the questions that follow. A matter of choice 39

Questions: 40

10. Match the key terms and their definitions: 40

11. Complete the sentences with the correct options: 41

,s 42

Signposting 43

13. Choose one of the ‘signpost’ expressions from the box above for the following situations: 43

Outline talk 46

Present main part divided into points 46

Introduce your first point 46

Giving a presentation 16. Read the following tips and till in the gaps with an appropriate word or phrase from the box: 51

17. Find in the recommendations above the words that mean: 51

22. Decide whether you agree or disagree with the following statements. Make comments. 54

23. Pair work. The questioner asks about a company using the prompts below. The presenter answers the questions using appropriate comments. 54

Verbs instead of noun phrases 25. Rewrite these sentences changing the noun phrases to verbs where possible. Make any other necessary changes. 59

The words in italic below are unnecessary. Eliminate them from your writing. 59

28. Read the suggested answer and compare it with yours: 61

VOCABULARY DEVELOPMENT 1. a) What are the noun forms for these adjectives? Complete it without a dictionary, then check your answers in the dictionary. 63

b) Write three mini-dialogues using the adjectives and nouns above together. 63

2. Choose the appropriate preposition to complete the sentences: 63

5. By altering the scope of their activities 67

Mergers and acquisitions 68

Г 88

A 116

Соф. 118

A ' 134

я 181

«і 187

o 214

КУРС ДІЛОВОЇ АНГЛІЙСЬКОЇ мови для магістрів 298

В From your boss.

C From inside yourself.

Scores

1

2

3

4

5

6

7

8

9

10

11

12

A

0

2

1

0

0

1

2

1

0

0

2

1

В

1

1

2

2

J

2

0

0

2

2

1

0

C

2

0

0

1

2

0

1

2

1

1

0

2

Assessment

20-24. If you are not already a success, there is no doubt that you will be one day. You have got all the qualities necessary for success, including ambition, determination and imagination. Take care not to become a workaholic - if you do, it will affect your family, yourself and, in the end, your happiness.

8-19. You want to be successful and have got many of the necessary qualities. But perhaps you need a little more self-confidence to believe that you can and will succeed. Perhaps you dream about success, but do not really believe it will happen. Making those dreams come true is not easy, but it is certainly possible.

0-8 You need a lot of hard work to make a success of your chosen career, but is

this really what you want in life? Perhaps you believe that happiness is more important than success. Maybe you prefer a happy family life, a steady job and a regular salary. Remember everyone is different and happiness does not come from trying to become something that you do not really want to be.