BEN1 / Voc. 12-28 schwer
anspruchsvollere
anspruchsvollere
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Flashcards
skunk works
an office or factory that is away from the main office, used for thinking of new ideas and products
shakeout and consolidation
the process when smaller companies leave a market or are bought by larger companies, with the result that large companies domnate the market
reserch and development (R&D)
the job of developing new products, services or methods
mature
fully developed
foster innovation
to encourage people to develop new ideas, methods and products
foster creativity
to encourage people to think of new ideas and ways of doing things
focus group
a small group of people that is nvited to discuss a product, service, organization, etc. with a specially trained person who runs the discussion
emerging industry
an industry that is starting to exist
drop out
to stop taking part in something
attractive
good and worth having or doing
vertical integration
a situation or process in which a company owns the companies which provide supplies for it or the companies that it sells its products to
unwieldy conglomerate
a large company that owns several maller companies and is difficult to manage
subsidiary
a company that is owned by a larger company
mergers and acquisition (M&A)
this refers to the aspect of corporate strategy, corporate finance and management dealling with the buying, selling and combining of different companies that can aid, finance and help a growing company in a given industry grow rapidly without having to vreate another business entity
merge
if companies merge, they join together and become one comapny
market share
the percentage of the total amount of sales of a product or service that a company has
fragemented
a fragmented industry has many companies operating in it
divestment
the process of selling an asset
divest
to sell an asset
dispose of
to get rid of something
disposal
the process of getting rid of something
concentrate on
to give most of your attention to one activity or aim
chaebol
a South Korean business in which different memebers of the same family own and manage companies which supply each other
acquisitive
often buying other companies
weaknesses
negative characteristics
volume industry
an industry in which companies produce a lot of similar products
threats
possible dangers to the business
SWOT analysis
this is a tool where companies measure their strengths and weaknesses, and the opportunities and treats that there
SWOT
strengths, weaknesses, opportunities, threats. These ideas are used when comparing a company with other companies that are competing ageinst it
supplier
a company which sells something
maintain a competitive advantage
to build up a strategy in order to remain successful
competitive force
pressure that a firm has to consider when making its strategy
addes-value
an improvement or addition to something which makes it worth more
stifle competition
to prevent competition from happening
stiff competition
strong competition
sharpen competition
to increease competition
inhibit competition
to prevent competition from happening
harm competition
to damage competition
fierce competition
very strong competition
ferocious competition
very strong competition
