The Economy Flashcards
(9 cards)
The companies get trained talent to help with marketing, financial modeling and investor pitches for a fraction of what they would have to pay big firms like McKinsey & Co.
pitches : talk or arguments used by a person trying to sell things.
fraction : a small part , bit , amount , or proportion of some thing.
A new breed of job sites has cropped up to match M.B.A.s and business-school students with companies seeking short-term help and project work.
breed : To produce or generate within.
Crop up : appear suddenly or unexpectedly.
For the M.B.A.s, the weeks- or months-long freelance projects can sharpen their skills before they start a full-time job, provide some extra cash on the side or, for a few, offer a flexible alternative to a corporate career.
freelance : working on a short-term contract basis for several different companies (one who works for himself and is not employed on a salary basis for a single employer)
Sharpen : To make more eager
provide : make available to use
corporate (adj) : To become incorporated ( United or combined together to form in one body )
career : a job or profession.
On February 4th the company also announced that Bill Gates, its founder, would be its chairman no longer, but would become a “technology adviser”
announced
founder
chairman
adviser
AT LAST, almost six months after Steve Ballmer said he was standing down as Microsoft’s chief executive, the company has anointed a successor: Satya Nadella, the head of its cloud and enterprise group .
1- executive ; relating to the job of managing or directing other people in a company or organizaton
: of, relating to, or used by the people who manage or direct a company or organization
: responsible for making sure laws are carried out and for managing the affairs of a nation
2-anointed : to officially or formally choose (someone) to do or to be something
3- Successor : a person who has a job, position, or title after someone else : someone who succeeds another person
4- enterprise : : a project or activity that involves many people and that is often difficult
: a business organization
: the ability or desire to do dangerous or difficult things or to solve problems in new ways
Two months before he said he would relinquish his job, Mr Ballmer unveiled a reorganisation of the giant firm’s business structures, accounting and management, declaring that Microsoft would henceforth be a “devices and services” company.
relinquish unveiled reorganisation firm declaring henceforth
John Thompson, the director who oversaw the process of choosing Mr Nadella, will succeed Mr Gates as chairman.
oversaw
The firm’s Surface tablet, despite encouraging results last quarter, has not sold well. Its Xbox entertainment console, however, has gone like hot cakes
Surface
despite
encouraging
Since then much of the talk about Microsoft—apart from gossip about who might succeed Mr Ballmer—has been about devices. Microsoft is buying Nokia’s ailing mobile-phone business, which is by far the biggest maker of smartphones that use Microsoft’s mobile operating system.
ailing
