Growing the company

 I think that our fundamental belief is that for us growth is a way of life and we have to grow at all times"

Mukesh Ambani, Reliance Industries

Watch the video and find  information on M&A and other kinds of company growth.

VOCABULARY

Read the text below and label the diagram with the following words:

subsidiary, headquarters, sales offices, warehouses, R&D division, main plant 


We are based in La Défense, the business district of Paris, and new products are developed nearby at our labs in St Denis. Our principal manufacturing facility is just outside Lille and products go from there to the central distribution point at Compiègne. Three sales agencies cover the various regions of France with international offices in Frankfurt, Milan, and Madrid. The London office is run  by our UK subsidiary.

What is the difference between:
1 a sales office and subsidiary
2 a warehouse and a plant
3 the headquarters and a division

Find a synonym for each of the underlined words. 
set up, go out of business, go public, sell off, take over, make redundant, shut down, expand

1 We acquired Everforce Ltd in 2005. 
2 Our target is to grow the business by 15% each year. 
3 We created a subsidiary to sell after-sales services. 
4 The company will be listed on the Stock Exchange next year. 
5 They went bankrupt last year. 
6 We laid 300 employees off in June. 
7 After a lot of discussion we decided to close the plant. 
8 We have divested our shares in the logistics company.

What is the difference between:
1. laying people off and firing them
2. taking over a company and merging with it
3. organic and non-organic growth

SKILLS-  WRITING
Write a short piece (110 words approx) about a turning point in your life, work or studies; a moment when you decided to pursue a different route to the one you had until that point. 

OWN IT!
Practise vocabulary and pronunciation further here 
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