Tional; venture; commercial; parent company; conglomerates

1. Some of the operations of a typical … are more global than others.

2. Each unit including the … has its own, local management. 3. A large

shareholding should provide considerable influence (but not control)

over the …. 4. Whether the project will be a … success is still uncertain.

5. His first business … was a clothes shop in Rose Street. 6. Mr. Gate’s

boyhood pastime was computer programming. Today Microsoft, his

…, is the world’s most successful supplier of computer software. 7. The

South depends more on small and medium-sized business for jobs than

on large …. 8. Goodman Holdings has … in Liechtenstein and the Chan-

nel Islands, which control investment around the world. 9. Medeva, the

fast-growing pharmaceuticals group 19 p (points) to 224 p on the news

that it has made another … in America. 10. Tourism in Hong Kong is …:

it is the third largest source of foreign exchange and employs, directly

and indirectly, 180,000 people. 11. Many corporations have expanded by

means of mergers with and acquisitions of businesses in unrelated fields.

Such collections businesses are called …. 12. One problem posed by

some … is that economic growth does not necessarily result from them,

50

and no new jobs may be created. 13. The majority of … in practically all

companies are owned by institutional investors. 14. In general terms,

the … represents the company in the outside world and takes a leading

part in making policy. 15. The … is responsible for carrying out company

policy and the day-to-day management of the firm.

5. Find combinations with the word corporate that refer to:

1. The perception that people have of a corporation.

2. What corporate employees climb during their career.

3. Company results over a period of time.

4. The values that people have and the way that things are done in an

organization.

5. The way a company is managed at the highest level.

6. Plans that companies have maintaining and developing their posi-

tions in future.

7. Company failure.

8. A symbol, usually showing the company’s name.

Corporate: performance, image, collapses, governance, strategy, cul-