In this business English episode from Perfect English with Danny, we will start talking about organizations. The different types of organizations and you will learn some very common words you can use to talk about organizations.
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Perfect English with Danny Episode 88 – Business English – Organizations Part 1
Welcome to a new episode from perfect English with Danny. Today it’s all about business, and we’re going to talk about organizations. But before we start talking about organisations, let me remind you that I left you a link to my Patreon page, if you would like to support this podcast by becoming a patron for this podcast that will help this podcast go on. And it will help me make it even better. The link is in the description of this episode. So please, if you feel like supporting just go ahead, take the link and support this podcast. And now for our organizations. When we talk about organizations, we’re not talking about the same type of companies. There are many types of companies that we call in general organizations, or when we talk about organizations, we’re talking about the businesses that are different not only according to law, but also according to To the way they do business. Now business is the activity of producing, buying and selling goods and services. But when we say a business company firm or even more formally, a concern sells goods or services so you can say business on its own as the activity of doing all this thing, and a business or a company affirm sells goods or services. A company may also be called an enterprise, especially to emphasize its risk taking nature businesses vary in size from the self employed person working alone through the small or medium enterprise or what we call SME, small medium enterprise. You might have seen it before. Now it stands for small or medium enterprise to the large multinational with activities in several countries now a large company especially in the United States, is called a corporation. The adjective is corporate and you hear that a lot. And it’s actually a kind of a trend to use those big words in company, especially the word corporate sounds fancy. So corporation is this large company, especially in American English. And the word or the adjective corporate is often used in different combinations, like when we say corporate culture, corporate headquarters, corporate image, corporate ladder, corporate logo or corporate profits. So the next time you hear about these things, do you know where that word comes from? And now we have commerce. Now the word commerce is used to refer to business we say in relation to other fields, literature, politics and commerce, or we say in relation to government departments that deal with business. The US Department of Commerce, for example, we use it in the name of organizations, which helps business like the chambers of commerce or on the internet, we use it when we say electronic commerce or e commerce. Now the adjective commercial describes money making business activities. For example, we say commercial airline, commercial artists, commercial television, commercial disaster, or commercial land for example. Now pay attention you can say a commerce, it’s uncountable, don’t use commerce. Okay? We use it to refer to business but not like the words we first talked about enterprise and other things. Words that we can use in plural commerce is an uncountable noun. And now we will move to the word enterprise. In the 1970s. Britain, there were state owned or government owned companies in many different industries such as car manufacturing and air travel, some industries had been nationalized and were entirely state owned. When we say nasty analyze that means we’re taken over by the government. And these industries that were nationalized were like coal, electricity and telephone services. In the 1980s. The government believed that nationalized companies were bureaucratic and inefficient. Now when we say bureaucratic, we mean involving complicated rules and procedures, which can cause long delays, which most probably happen, long delays because there are a lot of procedures and a lot of rules that are complicated that usually nobody really understands. But the bottom line, that whatever you want to get done in these companies takes a very long time because of bureaucracy. So the government found that these nationalized companies were bureaucratic and inefficient. And when we talk about inefficient people, organization systems or machines, we mean that those do not use time, energy or other resources in the best way. So when the government figure that out, many of these nationalized companies were privatized and sold to investors. And here we have the word privatized. Now, if a company industry or service that is owned by the state is privatized, the government sells it and makes it a private company. So many of these nationalized companies were privatized and sold to investors. Enterprise is used in a positive way to talk about business emphasizing the use of money to take risks. Now we have word combinations with enterprise with the word enterprise itself, we say free enterprise or private enterprise. This is the business activity owned by individuals rather than the state free or private enterprise, we say enterprise culture and that is an atmosphere which encourages people to make money through their own activities. And not rely on the government, we say enterprise economy, an economy where there is an enterprise culture and we have an enterprise zone that is part of a country where business is encouraged because there are fewer laws or lower taxes. So remember, we say free or private enterprise, we say enterprise culture, enterprise economy or enterprise zone. That will be all for today. Next week. In our business episode, we will continue talking about organizations where we will talk about the different types of companies or organizations that self employed partnerships limited liability, Mutual’s and nonprofit organizations. So stay tuned and don’t miss next week’s episode as we will continue talking about organizations and continue what we started today. Thank you very much for listening. Don’t forget to become a patron for this podcast. As you can see, there are no ads advertisements on the podcast and there will not be any advertisements. So I’m counting on your support to keep this podcast going. This is your host Danny saying thank you very much for listening and I will see you again in the next episode.