【文章內容簡介】 y decide to work together by setting up a joint venture or alliance in which each holds a stake. 注釋： Joint venture 合資企業(yè) Alliance 企業(yè)聯(lián)盟 五、Mergers 兼并 When two panies bine, usually voluntarily, they merge in a merger. 注釋： Mergers 兼并 Merger 兼并 商務英語重點詞匯(3) 一、Restructuring 企業(yè)重組(1) A group containing many types of business is diversified. A group39。s basic business activity, perhaps the one it originally started with, is its core business. Separate business activities may be viewed as profit centers, each responsible for generating profit. Businesses are often encouraged to concentrate or focus on their core activities and to sell off, spin off, or dispose of nonessential assets. These assets are often referred to as noncore assets. A sale of assets in this way is referred to as a selloff, spinoff, or disposal. A spinoff can also refer to a business that has been spun off. 注釋： Diversified 多樣化；多角化 Core business 核心經營 Profit center 利潤中心 Focus 集中經營 Assets 資產；基金 Noncore assets 空心資本 Sell off 拋售 Spin off 剝離；拆分 Dispose of 處理；變賣 Disposal 處理；變賣 二、Management buyouts 管理層收購 When a group is restructured, the managers of a business that is to be sold off may want to buy it themselves in a management buyout or MBO, usually in bination with an organization providing finance in the form of venture capital. 注釋： Management buyout = MBO 管理層收購 Venture capital 風險投資 三、Entrepreneurs and tycoons 企業(yè)家和金融巨頭 An entrepreneur （企業(yè)家） is usually someone who builds up a pany from nothing: a startup （新創(chuàng)）pany. Entrepreneurs may one day bee tycoons（實業(yè)界/金融界巨頭）, magnates（產業(yè)大王）or moguls（工商巨擘）: rich and successful people with power and influence who head big organizations, usually ones they have built up themselves and in which they have a large personal stake. 四、Managers and executives 經理和董事 A manager is someone in a position of responsibility in an organization. An executive（總經理；董事） is usually a manager at quite a high level. Executives are also execs, an informal expression. People at the head of an organization are senior executives（高級董事/主管） or senior managers（高層管理者/總經理）, top executives（高層領導者）or top managers（總經理）. 五、Ladies and gentlemen of the board 董事會成員 The people legally responsible for a pany are its board or board of directors（理事會/董事會）. In the US,the head of a pany may have the title president(總裁/董事長). Again, the responsibilities of this post vary from pany to pany, and the post may be bined with another. In the US, a senior manager in charge of a function may have the title vicepresident（副總裁/副董事長） and may be on the board. One vice president may have responsibility for running the pany, or maybe not, as the last example below indicates only too well. Executive directors（執(zhí)行董事） on a board are high level managers of the pany. Other directors are nonexecutive directors（非常務董事）, perhaps bringing their knowledge and experience to several pany boards. 商務英語重點詞匯(4) 一、Headhunting 獵頭 Headhunters（獵頭者） are specialist consultants who search for highlevel, often boardlev