Mergers and Acquisitions
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READING REVIEW.Unit 1: The three sectors of the economy- An economic sector is a certain type of business activity within an economy.- There are 3 sectors of the economy: + The Primary sector: agriculture, the extraction of raw materials from the earth. + The Secondary sector: manufacturing, transforming, processing, + The Tertiary sector: commercial services: financing, retailing, distributing, education, health care, leisure, tourism,…- The key point is that most people admit the amazing complexity of the economic infrastructure.Unit 2: Management- Is the mixture of innate qualities and learnable skills and techniques.- Is an action of getting people together to accomplish goals and objectives.- Five actions of a manager: Planning – Organizing – Staffing – Directing – Controlling + Planning (Seting objectives): developing strategies, plans, precise tactics, allocating resources of people and money. + Organizing: Analysing and classifying the activities, dividing work into manageable organization and then into individual jobs. + Staffing: Putting the right employees into the right positions, right duties, right jobs and supervising the workd of their subordinates. + Directing: Measuring the performance of their staffs so that the works can be achieved. + Controlling: Managing their works and subordinates’ works to check if they are being done correctly and developing people, themselves and the staffs.- Three necessary skills: Organizational skill – Technical skill – Interpersonal skill- Responsibilities of a top manager: + Consider the need of the future / Set objectives. + Take responsibilties for innovation. + Manage a business’s relations with customers, suppliers, distributors, bankers, investors, neighboring communities, public authorities, and so on, as well as deal with any major crises which arise.Unit 3: Company structure- Traditional structure: Line, Line – staff, Functional.- Divisional: Products (Big company divides it into several parts due to their productions), Market (Areas controlling), Geographic (Different regions).
– Functional organization has two standards criticisms: + People are usually more concerned with the success of their department than that of the company, so there are permament battles between departments. + Separating functions is unlikely to encourage innovation.- Matrix management: in which people report to more than one supervisor.Unit 4: Work and motivation- Differences between Theory X and Theory Y: + Theory X:_ People are lazy and dislike work ._ They have to be both threatened and rewarded ._ People are incapable of taking responsibility for themselves and have to be looked after. + Theory Y: _People have psychological need to work and want to achievement and responsibility.- A Hierachy of human needs: Physiological needs – Safety needs – Social needs – Esteem needs – Self actualization – Two – factor theory: + Hygiene factor: relationship, job secutiry, work condition, salary. + Motivation: autonomy, achivement, recognition, responsibility, authority.Unit 5: Management and cultural diversity Behavior (- Different culture + Different ethnicity => Cross Cultural Issues ( Attitude Misunderstanding Conflicts[pic 1] ( Language- The concept of Glocalization: + Invented from Globalization and Localization. + Be aware of local culture habits. + Beliefs and principles in each country or market.Unit 6: Recruitment-Indentify vacancy –> Job analysis –> Advertise the job –> Short – listed –> Interview decision maker- Interview preparation: + Have breakfast + Get directions, map. + Dress for a job interview. + Create list of skill, qualification. + Rehearse. + Research.[pic 2][pic 3][pic 4][pic 5] [pic 6][pic 7][pic 8][pic 9][pic 10][pic 11][pic 12][pic 13][pic 14][pic 15][pic 16][pic 17]