Ñ Understanding details
Date: 2015-10-07; view: 645.
 Understanding main points
A Read the text, write out all the unknown words with transcription from the article
Reading tasks
Read the text on the opposite page about the merger of two companies and their corporate cultures and answer these questions.
1.Which company is bigger-Asda or Wal-Mart?Wal-Mart is bigger
2.What are employees at Asda called? Asda stores have 'colleagues', not employees
3. Which two countries are Asda and Wal-Mart from?Asda from UK.Wal Mart from USA
4. Which of these statements best summarises the corporate cultures of
Asda and Wal-Mart?
• We must keep costs as low as possible.
• We value the contribution of every employee to the success of the company.
• Everyone in the company is considered equal.
5. What extra financial benefit do Wal-Mart employees have? They benefit from a share ownership scheme which is one of the most widespread in the industry
6. Allan Leighton mentions three things needed to get the deal 'to work
culturally'. What are they?
1)You have to get everyone aligned so that when someone uses a word it means the same thing to everyone
2) If middle management is not incentives, a deal can go horribly wrong
3) you should can demonstrate very quickly that people”s influence in the organization is important
Mark these statements T (true) or F (false) according to the information in the text. Find the part of the text that gives the correct information.
1.Asda and Wal-Mart have very similar corporate cultures. T
2.Asda is the biggest supermarket group in the UK. F
3. Wal-Mart is the biggest retailing group in the US. T
4.Asda had financial problems in the 1980s. T
5.Many of Asda's employees are over 65. F
6. Allan Leighton is sure the merger of Asda with Wal-Mart will succeed. F
7. Wal-Mart plans to impose its corporate culture on Asda. F
8.Creating a corporate culture cannot be planned in theory only. T
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