商务英语综合教程学生用书第四册课件PPT彭青龙978 781134 626 8第四册第7课.ppt 35页

'商务英语综合教程第四册UnitSevenMergers&Acquisitions Discussion:Dothefollowingwordsmeanthesame?What’rethedifferences?1.Merger2.Acquisition3.Takeover LearningObjectives:Toknowwhatmergersandacquisitionsmean;Toidentifythepotentialadvantagesofasuccessfulmergersandacquisitions;Tounderstandthemajorreasonsforfailuresinmergersandacquisitions;Tousetheme-relatedvocabularyandexpressionsinrealsituations. LearningPointsPartII:TextAPartI:LeadinPartIII:TextBPartIV:Quiz CulturalNotesWordstoDrillStructuralAnalysisQuestionsforDiscussionTextA:WanttoGrow?ThinkMerger Texas:(美)德克萨斯州NorthCarolina:(美)北卡罗来纳州MBA(MasterofBusinessAdministration):工商管理硕士InternalRevenueCode(IRC):国内收入代码ElPaso:(美)埃尔帕索Dallas:(美)达拉斯CulturalNotes: WordstoDrill:contentoverheadconceiveincrementalsynergyhigh-endconsolidationconsiderationreenergizebesaddledwith StructuralAnalysisPartsParagraphsMainIdeasPartⅠParas.1-7TalksbetweenAlandKimontheirfamilybusinessgrowthopportunities.PartⅡParas.8~11Facedwithglobalization,manysmalltomid-sizedcompaniestrytocontrolcostinordertoremaincompetitive.PartIIIParas.12-14MergercanbeagoodchoiceforAl’sfamilybusinessasitoffersseveralbenefits.PartIVParas.15-18Whatmergersmean.PartVPara.19ThemergerproposalwasacceptedbyAl. Manyfactorscanaccountforthefailureofmergersandacquisitions.Whataretheyfromtheseller’ssideaswellasthebuyer’sside?QuestionsforDiscussion:Whatarethecommonmotivationsforcorporatemergersandacquisitions?Andthebenefits? TextB:M&AExecution---ACaseStudyonDealsThatWentWrong1.CulturalNotes---Ventex2.TextOrganization3.WordExplanation---execution;delegate;handicapped;harvest;liquidate4.Assignment---OralPresentation Quiz:Matchingup.Matchthefollowingwordswiththeirsynonyms.1)strainA.merger2)contentB.satisfied3)conceiveC.standard4)standpointD.viewpoint5)benchmarkE.progressive6)obligationsF.develop;think7)equatewithG.correspondto8)incrementalH.burdenedwith9)saddledwithI.responsibilities10)consolidationJ.pressure;tension☆ Theme-relatedVocabulary:merger;acquisition;integration;consolidation;takeoverSWOTanalysisPESTanalysisstrategicrealignmenteconomyofscalesynergycostcontrolcashflowclosing Lead-inMergersandacquisitions(M&A),asimportantmeasuresforbusinessexpansion,arequitepopularinrecentyears.NamesomeM&Adealsthatyouknowinthefollowingindustry.IndustryCaseHomeapplianceAutomobileInsuranceEntertainmentBanking… TexasTexasisthesecond-largeststateintheUnitedStatesbybothareaandpopulation.AustinisthecapitalofTexaswhileHoustonisthelargestcitythere.Duetoitslonghistoryasacenteroftheindustry,Texasisassociatedwiththeimageofthecowboy.TodayithasmoreFortune500companiesthananyotherU.S.state,leadinginmanyindustriesincludingagriculture,petrochemicals,energy,computersandelectronics,aerospace,andbiomedicalsciences NorthCarolinaNorthCarolinaisastatelocatedontheAtlanticSeaboardintheSouthernUnitedStates.ItscapitalisRaleigh,anditslargestcityisCharlotte.NorthCarolinaisnowrankedasoneofthetop3leadingStatesforGreenTechnology, MBA(MasterofBusinessAdministration)OriginatedintheUnitedStatesinthelate19thcentury,MBAisamaster’sdegreeinbusinessadministration.ThecorecoursesintheMBAprogramaredesignedtointroducestudentstothevariousmanagementareasofbusinesssuchasaccounting,marketing,humanresources,operationsmanagement,etc. InternalRevenueCodeTheInternalRevenueCode(orIRC;moreformally,theInternalRevenueCodeof1986)isthemainbodyofdomesticstatutorytaxlawoftheUnitedStatesorganizedtopically,includinglawscoveringtheincometax,payrolltaxes,gifttaxes,estatetaxesandstatutoryexcisetaxes.Itisalsoknownastheinternalrevenuetitle.ItsimplementingagencyistheInternalRevenueService. ElPasoElPasoisacityofElPasoCounty,Texas,UnitedStates,andliesinWestTexas.Itisthesixth-largestcityinTexasandthe22nd-largestcityintheUnitedStates DallasItisthethird-largestcityinTexasandtheninth-largestintheUnitedStates.LocatedinNorthTexasandamajorcityintheAmericanSouth,DallasisthecoreofthelargestinlandmetropolitanareaintheUnitedStatesthatlacksanynavigablelinktothesea. overheadn.operatingexpense;theexpenseofmaintainingpropertyInbusiness,overheadreferstoanongoingexpenseofoperatingabusiness(alsoknownasOperatingExpenses---rent,gas/electricity,wagesetc).在商界，经常性开支指的是业务运营中持续的费用，也叫营运费用，如房租、煤气、电费、工资等等。costs;expense(syn.). incrementala.increasinggraduallybyregulardegreesoradditionsMostemployeesenjoyasteady,incrementalgrowthinsalary.大多数职员都喜欢稳定的增加薪水。Therehasbeenincrementalsearchforthevictimsofthetsunami.海啸过后，对遇害者的搜寻在不断地增加。progressiven(syn.). synergyn.theworkingtogetheroftwothings(musclesordrugsforexample)toproduceaneffectgreaterthanthesumoftheirindividualeffectsWeencourageinnovation,teamwork,synergyandsynchronization.我们鼓励创新、团队、协合力、同步.Synergyisoneofthebenefitsofcorporatemergers.企业兼并的好处之一就是获得了协同力。synergism(syn.). consolidationn.theactofcombiningintoanintegralwholeAftertheconsolidation,thestaffmoralebecomesevenmoreworrisome.合并过后，员工士气更为令人担忧。Newsabouttheconsolidationofthosetwodistrictshastriggeredthequickappreciationofrealestates.那两个区合并的消息引发了当地房产的迅速增值。integration(syn.)consolidate(v.). reenergizev.toregainenergy;tocausetobealertandenergeticagainMeditationcanhelpcalm,relax,andreenergizeyourself.冥思能帮助你安静下来、放松并重获活力。Currently,theworkersarebusywithredesigningworktoreenergizethemall.眼下工人们正忙于重新装修这家商场，以使其焕然一新。energizen(stem.). VentexCorporation(alsoVentexConsultants)isaninternationalbusinessconsultancythatprovidesacomprehensiveservicetoleadingbusinesses.VentexCorporation TextB:OrganizationPartsParagraphsMainIdeasPartIParas.1-2Introduction:Manymergersandacquisitionsfailedbecauseofsuchreasonsasdishonesty,relianceonowners,andsystemintegrationfailure.PartIIParas.3~11Mainbody:reasonanalysisDishonestyRelianceonownersSystemintegrationfailurePartIIIParas.12-13Summary:Theabovethreefactorsandmanyothersmallthingscancausethefailureofadeal. executionn.theactofperformingordoingsomethingsuccessfully;theactofaccomplishingsomeaimorexecutingsomeorderTrans.1.We’veproposedaplanripeforexecutionattheBoardofDirectors.董事会上，我们提出了一个准备就绪即可实行的计划。2.Thegovernmentwascriticizedbythecitizensforitspoorexecutionofnationalbudget.政府因国家预算实施太差而遭受民众的批评。execute(v.) delegatev.totransferpowertosomeoneTrans.Hedelegatedmetoperformatask.他委派我去执行一项任务。Ateamoffiveexpertshasbeendelegatedtosolvethedisputethere.由五名专家组成的小组已被委派去解决当地的冲突。(n.)delegation handicapv.toinjure;toputatadisadvantage;tobeincapacitatedbyinjuryorillnessTrans.Wewerehandicappedbylackofmoney.我们因缺钱而吃亏。Thebadweatherseverelyhandicappedtheirrescueprocess.恶劣的天气极大地妨碍了他们的救援进程。(syn.)hinder harvestv.toprofitorbenefitTrans.Herearesomewaystohelpharvesttheprofitsfromtherentalbusiness.这里有几种方法能帮助你房屋租赁业务中获利。Thatbookcanteachyouhowtoharvestfromnaturebymarketingthesenon-woodforestproducts.那本书能教会你如何通过营销这些非木材类森林产品而从大自然获利。 liquidatev.tosettletheaffairsofbydeterminingthedebtsandapplyingtheassetstopaythemoff;toeliminatebypayingoffdebtsTrans.Thatcompanywassoonliquidatedduetopooroperation.由于经营不善，那家公司不久就被清理破产了。Thecourtappointedareceivertoadministerandliquidatetheassetsofaninsolventcorporation.法院指定了一个接管人以管理和清算破产公司的资产。(n.)liquidation(a.)liquidated MakeanoralpresentationsummarizingthemainideasofTextB.Assignment KeytoQuiz1-5:JBFDC6-10:IGEHA '