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He’s the man with the private helicopter, the seven or eight figure salary, and the huge office. People shiver with fear as he strides past them on his way to yet another meeting or golf trip. He doesn’t know your name but you slave away every day to make him richer. He’s the CEO; the boss; the big cheese, and it’s in everyone’s interests to keep him happy.
One of the most important decisions facing a prospective business owner relates to which form of legal structure the company will take. This will impact on taxes, legal liability and the company’s ability to raise finance.
Outsourcing is when one company hires another company or an individual to perform a certain task. This may involve making a specialized product, providing technical expertise, or performing a service such as consulting or information technology. In the past, outsourcing typically took place in manufacturing industries because it was unfeasible, both practically and economically for one company to produce the specialized components needed for its products. For example, car manufacturers would hire other companies to make air-conditioning systems and in-car radios. In the last few decades however, service outsourcing has grown rapidly. Many companies outsource services such as human resource management, IT support, food and beverage provision, security, building maintenance, and advertising.
One of the key goals of business strategy is growth. There are many ways in which a company can grow but one of the most effective and rapid methods is through mergers and acquisitions (often abbreviated as M&A). M&A is a general term used to refer to the consolidation of companies. Specifically, an acquisition is the purchase of one company by another, and a merger is when companies combine to form a new company. M&A also refers to the department of a financial institution that sets up and brokers such deals.
What do McDonald’s, 7-Eleven, Kumon, and Baskin-Robbins have in common? They are all globally-renowned brands, market leaders in their respective fields, and post billions of dollars in annual profits. They are also all examples of businesses that rely heavily on the franchise model of business organization and growth.
Do you remember buying airline tickets in those dark pre-Internet days? It was a time-consuming, inefficient process. If you knew which airlines flew to your chosen destination, you could call the airline to find out the prices and schedule. If you wanted to compare prices, you had to call a different number, do some calculations on a piece of paper and then call back your chosen airline. If you didn’t know which airline to call, you could call or visit a travel agent and wait patiently while a tired, over-worked employee told you about the various options, prices and packages, with no guarantee that they would remember to inform you it would be cheaper with a layover in Timbuktu! Nowadays, logging on to a website like Expedia, the traveller can compare rates and dates from all available airlines, choose a hotel, arrange a hire car or airport pick-up, and book tickets for tourist attractions, and pay for all of it with a credit card. This is e-commerce and it’s changing the way we buy and sell.
London City Institute is a premier English language training provider in Jakarta specialiing in business English, London City Institute offers in-company custom made courses to suit your company's individual needs.
"After trying several language institutions to improve my English, I was very surprised at the speed my English progressed with London City Institute. I think the thing that helped me most was looking forward to my next lesson. London City Institute gave me the motivation to learn that other institutes could not provide."
Haryo Fazui
"I really enjoyed my business course with London City Institute, all the staff were very professional and the teachers were excellent. I have already recommended London City Institute to my friends and cannot speak highly enough of the service and quality of the institute."
Yossie Lebang
"My course at London City Institute really gave me a new understanding of how grammar is used in real world situations. I have learned grammar from many other language institutes, but I never really understood how to relate it to my work, which is the reason I'm learning English. With London City Institute we had lots of practice and now I'm confident using English with my international clients. Thanks London City Institute!"
Budi Kadarusman
Communicate with confidence Qualified, certified, attentive local and native teachers
Cutting edge and innovative learning materials
Continuous feedback on individual's progress
English speaking environment
Flexible schedules
Enjoyable classes
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