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9. Word formation

Analyze the suffixes and translate the words. Add more from the text

-ness: weakness, competitiveness, readiness, happiness, eagerness, mightiness

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-ment: investment, management, deployment, requirement, development

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-tion: evaluation, position, destination, competition, direction, information

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10. Speaking Practice. Business Practices.

10.1 Read the following words of a practitioner and express your own opinion on the kind of Summary you may use in your Business plan.

“A good Executive Summary gives me a sense of why this is an interesting venture. I look for a very clear statement of their long-term mission, an overview of the people, the technology, and the fit to market. Answer these questions: “What

__________________________________________________________________________Lesson 14. THE EXECUTIVE SUMMARY

is it? Who’s going to build it? Why will anyone buy it?” if to paraphrase the movie Field of Dreams, we want to know, “if we fund it, will they (buyers) come?”

Ann Winblad, Venture Capitalist

10.2 Read and discuss the following with your partner

“What I’m looking for in a business plan is vision, passion, and experience. The entrepreneur with a dream is the one who makes it happen, but you also need experience. The best team for retail is two people: one with the vision, who’s creative and knows how to select product resulting in a clearly differentiated and focused concept, and the one who knows operations, who can evaluate, develop, and manage people.”

Nancy Glaser, Venture Capitalist

10.3 Imagine that you are making a business plan for your own company. How can you give the reader confidence in your competitiveness in the sphere of your activities? You may use the previous texts if you need.

11. Home reading

To enlarge your knowledge we recommend Supplementary texts on pages 143-148.

Essential grammar (See essential Grammar Appendix)

OBJECTIVE PARTICIPLE CONSTRUCTION

12. Analyze and translate the sentences

1. I saw him working with the focus group.

2. They observed us making informational interviewing.

3. I found him writing Marketing Section of Business Plan.

4. We saw the widget tested.

5. We watched the new car being examined.

6. I want the data of my market research discussed.

7. I want to discuss the data of my market research.

8. I have the results of my observations published.

9. I have published the results of my observations.

10. We want our translations corrected.

11. We want to correct our translation.

12. He wished these ATM machines widely used by the people.

13. She got her photo taken.

14. He got the engine of his car examined.

15. He examined his car.

ABSOLUTE PARTICIPLE CONSTRUCTION.