Tag: Business

Government-Run Crowdfunding Platform

B2 – Upper Intermediate

Crowdfunding Bizkaia is the first ever state-run crowdfunding platform. Now, business-minded individuals can invest in local start-ups that catch their interest.

Read more about this here:

Authorities in Biscay in Spain’s Basque Country will allow its citizens to invest in state handpicked start-ups, the first local government to do so on the planet.

If you’re thinking of setting up a business in the Basque Country or looking for an alternative way to invest, this brand-new take on crowdfunding may be of interest to you.
 
From March 15th 2018, the government of Biscay (Vizcaya in Spanish or Bizkaia in Basque) is calling on any business-savvy members of the public to invest in Basque start-ups they’ve cherry-picked for their potential for success. 
 
Crowdfunding Bizkaia’s founders say the advantage of having local government involved is its capacity to boost investor confidence by mitigating risk. 
 
“In general the illiquidity of equity-based crowdfunding creates financial uncertainty,” their press release reads. 
 
“You don’t see a payout until the company exits – that’s assuming the business doesn’t fail, and you also can’t offload shares into a secondary market if you decide it’s a poor investment.“ 
 
Biscay’s government platform puts applying companies to the test with a rigorous financial and economic appraisal, which is meant to take the pressure off the shoulders of investors as they don’t’ have to check the viability and risk of the startup themselves.
 
 
 
According to Bizkaia Crowdfunding, there are also many perks for the startups applying, not just access to ‘seed money’. 
 
Chosen startups can request to have the government match the level of funding raised by the public, with a limit of €30,000.
 
Each venture will also receive a free year of business mentoring and support to help the businesses reach their growth targets, as opposed to mainstream crowdfunding platforms like Kickstart or Crowdcube who “pull out” once the money has been raised.
 
Working as partners, the company and government jointly decide fundraising aims. 
 
Additionally, the government-run platform provides other financing streams and business support avenues when the year finishes.
 
Crowdfunding Bizkaia also states that their commission fee is substantially lower than that of private crowdfunding platforms, 1 percent compared to an average 3 or 4 percent higher.
  
So what are the prerequisites for applicants?
 
All companies must be robust, in strong financial health– including four to five pre-existing shareholders– and occupy a unique market space.
 
Start-ups seeking investment on the platform must be headquartered in Biscay with companies from outside the region encouraged to establish their headquarters in Biscay to qualify for the platform.
 
Crowdfunding Bizkaia’s website will launch with four start –ups, another four in line, and the aim of managing between ten to twelve projects a year, which will be selected from around thirty that are expected to apply to join the platform.

 

 

Discussion Questions:
1. What are the advantages of having a government-run crowdfunding platform?
2. What do you think about this?
3. What are your thoughts on crowdfunding?

Effective Customer Service during Mergers and Acquisitions

B2 – Upper Intermediate

When a company goes through transition after a merger and acquisition, there are some negative impact on the business’s operations and in some cases, customer relations.

Read more to find out about how to provide effective customer service during M&A.

https://www.linkedin.com/advice/3/how-can-you-provide-effective-customer

Discussion Questions:

1. Explain the three challenges companies face during an M&A transition.
2. Have you ever worked for a company that underwent re-organization? Talk about this period.
3. Give some ways on how to ensure smooth M&A transition.

Conversation with Colleagues

B1 – Intermediate

Business is all about good communication. While communicating with customers is important, internal communication must be given attention, too.

Communicating effectively with your colleagues minimizes misunderstandings and increases work efficiency. Active communication also produces healthy working relationships. This, in turn, creates a more pleasant and less stressful work environment.

Watch the video about a conversation with a colleague.

Discussion Questions:

  1. Is it easy to communicate with your colleagues? Why or why not?
  2. What do you often talk about with your colleagues?
  3. What are ways to communicate effectively with colleagues?
  4. Talk about a situation when you had a miscommunication with your colleagues. How was the problem resolved?
  5. What can be done to avoid miscommunication at work?

Rip-off Restaurant

B1 –  Intermediate

Japanese tourists were allegedly ripped off their meal at a Venice restaurant. The tourists reported the incident to the police which was then escalated to the mayor.

Let’s find out more by clicking on the links.

Audio  (Listen before reading the text)

https://breakingnewsenglish.com/1801/180124-rip-off-restaurant.html

Discussion Questions:

1. What’s your take on the issue?
2. What do you think of the mayor’s reaction?
3. Have you ever been ripped off? If so, how and why?
4. Do you check TripAdvisor.com for a certain establishment’s rating?

Corporate Social Responsibility

B2 – Upper Intermediate

We normally associate business with financial gains. But at the end of the day, is it really just about the money?

In recent times, a lot of companies are moving toward dedicating their efforts to developing their company’s corporate social responsibility’s arm.

Check out the link below for a better understanding of CSR.

https://www.investopedia.com/terms/c/corp-social-responsibility.asp

Discussion Questions:

1. In your own understanding, what is CSR?
2. In your opinion, should CSR be an important part of any company? Why or why not?
3. Talk about your company’s CSR.

Steve Jobs Talks About Managing People

B2 – Upper Intermediate

Steve Jobs was one of the most famous CEO in the world. Ever wonder how he did it? How did he manage his people and build a successful multinational company?

Watch as Steve Jobs talks about managing people.

Discussion Questions:

  1. According to the interview, how is the company organized?
  2. What kind of organization is set up in this company?
  3. According to Steve Jobs, why did Apple become successful? Share your thoughts on this.
  4. Explain your company’s management style. Is there anything that you would like to change?
  5. What do you think is the best way to manage people? Elaborate.

Protesters Ransack South African H&M Stores Over Racist Ad

B2 –  Upper Intermediate

H&M, a Swedish multinational clothing-retail company, faces a backlash when an image of a black child models a sweatshirt with the slogan “coolest monkey in the jungle” came out.

This led to protesters running amok in some H&M stores in South Africa to express their anger.

Read the article to know more.  

https://www.nbcnews.com/news/world/protesters-ransack-south-african-h-m-stores-over-racist-ad-n837506

Discussion Questions:

  1. What are your thoughts on H&M’s advert?
  2. What are your thoughts on the protesters action?
  3. Speak about another company that was involved in a similar controversial.
  4. H&M already issued an apology for the racist advert. How do you think this kind of advert or controversy can affect a company like H&M?
  5. Share your thoughts about protests over corporate wrongdoing turning violent in South Africa. Has there ever been a similar incident in your country? Talk about it.

Cities Face a Surge in Online Deliveries

B2 – Upper Intermediate

Online delivery service is very popular and a convenient way for customers to receive items right at their doorstep but to what extent? Will this continue to keep the streets busy and congested.

Read the article to know what the growth of online shopping looks like on the ground in America’s largest cities.

http://www.bbc.com/news/business-42245367

Discussion Questions:

  1. Talk about some problems associated with growing deliveries brought about by skyrocketing online shopping.
  2. What can be done to address these issues?
  3. Do you think it is the same problem in the city where you live in? Why is this so?
  4. How do you feel about online shopping deliveries overall?
  5. How important is online shopping for you?

UK Ban on Petrol and Diesel Cars

B2 – Upper Intermediate

Undeniably, air pollution has been a problem in every country around the world. No wonder a lot of car companies are heading for electric and hybrid cars in the future. Just recently, the UK has announced its plans to fight air pollution by banning petrol and diesel cars starting 2040.

Is it a good idea or will it be a little too late by then?  Let’s read the article below and let us know your opinion about the subject.

http://www.abc.net.au/news/2017-07-26/uk-to-ban-sales-of-petrol-diesel-fuelled-cars-from-2040-reports/8744076

Let’s talk:

1. What do you think about Britain’s plan to ban the sale of new petrol and diesel cars from 2040?
2. Would you support such a ban in your country? Why? Why not?
3. How long do you think it will be before all cars on the road are electric? Why?
4. Do you believe that electric cars will be cheaper to maintain than ICE cars by 2025-2029? Why? Why not?
5. What do you think governments should do to encourage people to buy electric cars?
6. Why do you think some people are still skeptical about electric cars?

Public Napping Space in Madrid

B1 – Intermediate

Siesta is an old Spanish tradition. With the advent of technology and amidst the fast-paced city life, a Spanish company opened a place for taking naps.

This Madrid-based nap bar said on their website, “The siesta is considered one of those small pleasures of life, especially recommended in every way for its clear health benefits”.

Listen to this audio and read the transcript about this interesting public napping space.

https://learningenglish.voanews.com/a/madrid-becomes-the-latest-city-to-open-public-napping-space/3976843.html

Discussion Questions:

  1. What do you think about Siesta & Go’s nap bar?
  2. Would you be interested in visiting a nap bar? Why? Why not?
  3. Are you able to sleep anywhere? Why? Why not?
  4. Do you think that naps are beneficial for one’s health? Why? Why not?
  5. Are there napping spaces in your town or city? If so, please describe how they work. If not, do you think there should be one? Why? Why not?