lOMoARcPSD|18680787

Module 4 - Unit 3 Company stucture

Tiếng Anh Chuyên Ngành (Đại học Nông Lâm Thành phố Hồ Chí Minh)

Studocu is not sponsored or endorsed by any college or university

Downloaded by Th?o Vân ([email protected])
 lOMoARcPSD|18680787

Reading: Wikinomics and the future of companies

 How is the world of organized work changing?
Based on the text, it states that some works inside the company are already being
outsourced and the collaboration with peole outside would be more evident. The
company no longer operates on its own but would rather outsource ideas for the
betterment of their own
The great examples of this change are the two companies Red Lake and Procter &
Gamle. They have used their money for search wisely by utilizing all available
resources out there
 In what ways could your organization, company or business school use the
wikinomics principle?
For our university, I see that outsourcing professors from different other
universities would be a great addition to the set off faculty the school already has.
The more inputs the school provides the students, the better education they will
have
 What do you think are the disadvantages of wikinomics principle?
The threat I see for this kind of principle is that when the company uses too much
of the outside availability of resources rather than just rely on their own, they
might lose the loyalty of their own employees and they might also lose their focus
on their identity in the long run due to different inputs absorbed by the company
Vocabulary
1. Hierarchy or chain of command: a system of authority with different levels, one
above the other, e.g. a series if management positions, whose holders can make
decisions, or give orders and instruction
2. Function: a specific activity in a company, e.g. production, marketing, finance
3. Autonomous: independent, able to take decisions without consulting someone at
the same level or higher in the chain of command
4. Line authority: the power to give instructions to people at the levels below in the
chain of command
5. To report to: to be responsible to someone and to take instruction from them
6. To delegate: to give someone else responsibility for doing something instead of
you
Reading: Company structure
Comprehension
1. What is the main advantage of a chain of command?
The advantage is all the people in the organization know what decisions they are
able to make, who their line manager is, and who their immediate subordinates are

Downloaded by Th?o Vân ([email protected])

 lOMoARcPSD|18680787

2. Why is it not usually possible to organize a larger or organization in a single

hierarchy?
This is because the activities of a large organization are too complicated
3. In what ways can dividing a business functionally cause problems?
The main problem in the functional structure is that people are more concerned
with the success of their own department rather than that of the company as a
whole
4. What factors might lead companies to flatten their hierarchies?
- The modern tendency taking out layers of management
- Advance IT system
- Needs of cutting back and eliminating jobs in recessions
5. According to the text, what kind of managers might not want to delegate
decision making?
According to the text, managers of small firms would want to keep as much as
control over their business as possible
6. What is the potential disadvantages of matrix management system?
The potential disadvantages of having a matrix management structure is matrices
involving several departments can become quite complex, so it is sometimes
necessary to give one department priority in decision making
7. Under what circumstances might teams not be effective?
The teams structure might not always be effective at making good decisions and
this structure would usually require a strong leader
Vocabulary
Delegate -- responsibilities Give -- instructions Make -- decisions
Motivate -- staff Take -- priority
Discussion: Incompatible goals
1. A factory working at full capacity  production
2. A larger advertising budget  marketing
3. A larger sales force earning high commission  finance
4. A standard product without optional features  production
5. A strong cash flow balance  finance
6. A strong market share for new products  marketing
7. Generous credit facilities for customers  marketing
8. Higher profit margins  finance
9. Larger inventories to make sure that products are available  production
10. Low research and development spending  finance
11. Machines that give the possibility of making various different products 
production

Downloaded by Th?o Vân ([email protected])

 lOMoARcPSD|18680787

12. Self-financing (using retained earnings rather than borrowing)  finance

Listening: Big and small companies
1. Why does Krishna say that company size isn’t important? What does he
say is important?
He states that what’s important for him is that he enjoys working with the
people and the basic security of supporting the family is assured, it doesn’t
matter which company he is in
2. Why does Carlo recommend university graduates to start in bug
companies?
He recommends recent university graduates to start in big companies can be a
very good opportunity because they will form you and you will learn what are
the best practices in the sector
3. What does Carlo say are the differences between big and small
companies?
Big and small companies differ in their mentality. In bigger companies, politics
can be more important but in smaller companies, it’s more a hands-on approach
4. What does Olga say is more important than company size?
For Olga, having shared values with your colleagues and understanding what
the company’s culture and vision matters more than the company size alone
5. What does Olga say about big companies?
Big companies are not the flexible, so it’s harder to adopt new changes, and to
incorporate creativity. Lack of balance in these factors is a problem for these
types of companies
Discussion: Big and small companies
 How far do you share Krishna and Olga’s points of view, and agree with
Carlo’s advice?
For me, thinking after I finish schooling, I would be looking a big company to
work for since I want to have a good start in the field. What Carlo said is vey
accurate when it comes to gaining experience. But I also agree with the statement
of Krishna and Olga because I stand in the saying that quality over quantity
 What other benefits of working in a large company can you think of?
The other benefits I see is that these companies might provide better remuneration
and also better connections when it comes to looking for another job
 What other reasons might make someone prefer to work in a small company?
Someone who doesn’t want to deal with a lot of stress and people in a workplacr
might prefer working in smaller companies. People who also wanted to be
monitored closely for their work performance might opt to work on small
companies because they believe they can improve more and be better

Downloaded by Th?o Vân ([email protected])

 lOMoARcPSD|18680787

 Do the following statement refer to the advantages of working in a big or a

small company?
1. You are less likely to be affected by a bog reorganization or downsizing or
merger or takeover  big company
2. You are offer responsible for a variety of different tasks  small company
3. You can actually see the result of your contribution to the firm  small
company
4. You can be proud of working for a company with a national or international
reputation  big company
5. You can become more specialized in your work  small company
6. You can probably change department if you have problems with your
colleagues  big company
7. You have more independence, and you don’t always have to wait for
permission from a superior  big company
8. You know everyone in the company and the atmosphere is friendlier  small
company
9. You may be able to go and work in a foreign subsidiary  big company
10. Your company will probably be in a better position in an economic downturn
or recession  big company
GLOSSARY
Word Form En meaning Vie Example
meaning
Collaborate v Work jointly on an Hợp tác Coldplay
activity, especially collaborated with
to produce or BTS to produce
creative something the new song
named “My
Universe”
Corporate a Relating to a Công ty, Corporate cultures
corporation đoàn thể are different
Extension n A part is added to Gia hạn, The railroad’s
something to phần mở extension is
enlarge rộng improved
Outsource v Borrow from Thuê Universities
outside sources ngoai outsource teaches
from other
universities
Executive a Having the power Chấp Gress Maughan is
to put plans, hành, an executive of
actions quản lí FLP
Geological a Relating to stude Địa chất My friend is

Downloaded by Th?o Vân ([email protected])

 lOMoARcPSD|18680787

of the earth’s học ỉnterested in

physical structure geological
and substance subjects
Molecule n A group of atoms Phân tử Molecule has a
bonded together tiny size
can take part in a
chemical reaction
Hierarchy or n a system of Hệ thống
chain of authority with phân cấp
command different levels, hoặc
one above the chuỗi lệnh
other
Autonomous a independent, able Độc lập, I am autonomous
to take decisions tự quản lí in learning
without consulting
someone
Delegate v to give someone Ủy quyền The teacher
else responsibility delegates to the
for doing monitor to manage
something instead the class
of you
Function n a specific activity Cơ năng, Company has the
in a company chức vụ function of
trong công distributing
ty products
Line authority n the power to give Cơ quan
instructions to quản lí
people at the levels đường dây
below in the chain
of command
Report to v to be responsible Chịu trách All representatives
to someone and to nhiệm và report directly to
take instruction nhận the sales
from them hướng dẫn department
từ họ
Subordinate n A person inder the Cấp dưới He was mild-
authority or mannered,
control of another especially with his
within an subordinates
organization
Specialize v Concentrate on Chuyên He specializes in
and become expert môn computer

Downloaded by Th?o Vân ([email protected])

 lOMoARcPSD|18680787

in a particular
subjects
Permanet a Lasting or Dài hạn Corona virus has
intended to last or made us to have a
remain unchnaged permanet vacation
indefinitely
Conflict v Be incompatible or Bất hòa Parents’ and
at variance children’s interests
sometimes conflict
Objective n A thinh aimed at or Mục tiêu The system has
sought, a goal achieved its
objectives
Tendency n An inclination Khuynh For students, there
toward a particular hướng is a tendency to
characteristic socialize in the
evening
Flatter v Lavish insincere Tưng bốc, She iscflattering
praise and nịnh nọt him to avoid doing
compliments what he want
Administractive a Relating to the Hành The company
running of a chinh recruits
business, administractive
organization staffs
Firm n A business, Hãng, This company has
company công ty many firms
Segment n Each of the part Bộ phận There are many
into something segments at the
company
Geographical a Based on or Địa lý the geographical
derived from the distribution of
physical features plants is diverse
of an area
Recession n A period of Suy thoai The country is in
economic decline the depths of a
recession
Split up v To divide into Chia ra She splited up
something with her boyfriend

Downloaded by Th?o Vân ([email protected])