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67
BUSINESS IN BRIEF
Glaxo buys 80% stake in Polish drug group
Glaxo Wellcome, one of the world's leading pharmaceutical companies, is
paying $220m (£131.7m) to take an 80% stake in Polfa Poznan, Poland's second
largest drugs group. The____
1
is the biggest made by a western Pharmaceuticals
producer in east Europe.
Canal Plus and Pathe in film distribution link
Canal Plus and Pathe, two of France's largest media and entertainment
groups, are joining forces to form a pan-European network of film distribution
companies. Their new____
2
will negotiate the achievement of cinema, television
and video rights for pictures across Europe, both with the Hollywood studios
and other European film producers.
Elf pays $528m to take 5% stake in Russian group
Elf Aquitaine, the French company, is to form a strategic____
3
with Yuksi
of Russia, paying $528m (£316m) for a 5% stake in the country's largest oil
company.
2. Discuss the meaning of these strategies. Use a good dictionary to help
you.
cost cutting a demerger rationalisation
a sell off a disposal an economy drive acquisition
1) Which of the above strategies can be used by companies to
a) get bigger? b) get smaller? c) become more efficient?
2) Which are likely to result in people losing their jobs?
3. The verbs and nouns below are often combined when talking about
strategy.
Make word partnerships. Then use them to write five sentences.
For example, The company has achieved its target of a 20% market
share.
Verb Noun
achieve review develop
implement set employ
goal objective target
plan strategy tactics
4. Some companies state their strategy publicly in mission statements.
What are the advantages and disadvantages of doing this?
5. Read these mission statements. What is each company trying to
achieve?
1) The business of Newcastle United is football - our aim is to play
attractive football, to win trophies, to satisfy our supporters and shareholders
and to continually improve our position as a top European club.
(Newcastle United plc)
2) Glaxo Wellcome is a research-based company whose people are
committed to fighting disease by bringing innovative medicines and services to
patients throughout the world and to the healthcare providers who serve them.
(Glaxo Wellcome)
PDF created with FinePrint pdfFactory Pro trial version www.pdffactory.com
BUSINESS IN BRIEF Glaxo buys 80% stake in Polish drug group Glaxo Wellcome, one of the world's leading pharmaceutical companies, is paying $220m (£131.7m) to take an 80% stake in Polfa Poznan, Poland's second largest drugs group. The____1 is the biggest made by a western Pharmaceuticals producer in east Europe. Canal Plus and Pathe in film distribution link Canal Plus and Pathe, two of France's largest media and entertainment groups, are joining forces to form a pan-European network of film distribution companies. Their new____2 will negotiate the achievement of cinema, television and video rights for pictures across Europe, both with the Hollywood studios and other European film producers. Elf pays $528m to take 5% stake in Russian group Elf Aquitaine, the French company, is to form a strategic____3 with Yuksi of Russia, paying $528m (£316m) for a 5% stake in the country's largest oil company. 2. Discuss the meaning of these strategies. Use a good dictionary to help you. cost cutting a demerger rationalisation a sell off a disposal an economy drive acquisition 1) Which of the above strategies can be used by companies to a) get bigger? b) get smaller? c) become more efficient? 2) Which are likely to result in people losing their jobs? 3. The verbs and nouns below are often combined when talking about strategy. Make word partnerships. Then use them to write five sentences. For example, The company has achieved its target of a 20% market share. Verb Noun achieve review develop goal objective target implement set employ plan strategy tactics 4. Some companies state their strategy publicly in mission statements. What are the advantages and disadvantages of doing this? 5. Read these mission statements. What is each company trying to achieve? 1) The business of Newcastle United is football - our aim is to play attractive football, to win trophies, to satisfy our supporters and shareholders and to continually improve our position as a top European club. (Newcastle United plc) 2) Glaxo Wellcome is a research-based company whose people are committed to fighting disease by bringing innovative medicines and services to patients throughout the world and to the healthcare providers who serve them. (Glaxo Wellcome) 67 PDF created with FinePrint pdfFactory Pro trial version www.pdffactory.com
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