Choose various essay writing/presentation phrases we've worked through and use them in context of answering the following question:
What are the general services a commercial bank offers?
Remember: The focus of the exercise is not primarily content. Rather, the aim is to increase your level of comfort with various elegant writing phrases.
I will correct the phrases entered into the thread every evening and subsequently enter a new question.
The report focuses on general services which are offered by a commercial bank. First of all the author explains the theoretical fundaments of the most important functions which are accepting deposits and granting loans. These two functions are connected as the banks use the deposits to make loans. This is done in order to earn profits by claiming different interest rates.
Bearbeitet von: Verena85 am: 3/28/06 7:22
Re: Practicing Reporting Phrases March-April 2006
To start with a commercial bank is a financial institution that offers different kinds of services. Firstly it accepts deposits from customers who want to earn interest. Secondly the commercial bank lends money to people, who need it for making investments. As these two functions are not enough for making good profit nowadays, it's necessary to fulfill other functions parallelly like different financial services. Finally I'd like to mention that the raising competition in that industry forces commercial banks to behave different than up to now.
Re: Practicing Reporting Phrases March-April 2006
The report focuses on the general services which are offered by a commercial bank. First of all, the author explains the theoretical fundaments of the most important functions, which are accepting deposits and granting loans. These two functions are connected as banks use the deposits to make loans. This is done in order to earn profits by borrowing and lending at different interest rates.
This was very well written. My addition of "the" is more for style purposes than anything else (grammatically, no article would be fine).
Re: Practicing Reporting Phrases March-April 2006
To start with, a commercial bank is a financial institution that offers different kinds of services. Firstly, it accepts deposits from customers who want to earn interest. Secondly, the commercial bank lends money to people who need it for making investments. As these two functions are not enough for a bank to make a good profit nowadays, it's necessary to offer other services parallelly. Finally, I'd like to mention that the rising competition in the banking industry has forced commercial banks to behave differently than they have until now.
Two errors that are imporant to look out for are the following:
1) "lends money to people, who need it for making investments"
Placing commas in English is very difficult for native German speakers because the rules are often quite different. In German, if you're giving 'side-information' about a noun, then you place a comma (e.g. "...Kredite an Menschen gewähren, die sie benötigen um Investitionen zu tätigen."
In English, commas are only placed in a similar situation if the sentence continues after the 'side phrase' (e.g. "The bank lends money to people, who need it for making investments, and recollects it at the end of the loan period).
Otherwise, there is no comma ("lends money to people who need it for making investments."
2) "...it's necessary to offer other services parallelly, like different financial services"
Be careful about saying the same thing twice. This is true in any language, but particularly so in a foreign tongue because it usually leads to a sub-optimal language style. In the above case, it is necessary to specify what financial services you mean (because borrowing and lending are also financial services) or else to drop the phrase entirely ("...it's necessary to offer other services parallelly")
Re: Practicing Reporting Phrases March-April 2006As I mentioned above, placing commas can be quite tricky in English if German is your native tongue. One area that you can develop fairly easily, though, is after intro phrases. Remember that phrases like the following should always be followed by commas:
In general, ...
Firstly,...
Second, ...
In the following, ...
Nonetheless, ...
Finally,
In the end,
In closing, ...
Additionally, ...
In addition, ...
Try actively adding commas after such phrases. Your writing will appear far more professional to a native speaker.
Re: Practicing Reporting Phrases March-April 2006Exercise 2:
Choose various essay writing/presentation phrases we've worked through and use them in context of answering the following question:
According to Griffin/Ebert, what international organizational structures can a company adopt when going abroad? Please explain each structure in a sentence.
Remember: The focus of the exercise is not primarily content. Rather, the aim is to increase your level of comfort with various elegant writing phrases.
Re: Practicing Reporting Phrases March-April 2006
Before going abroad a company should consider at least two aspects, which contain demand and adaption of previous products. There are three levels of international involvement, but the report focuses on the different kinds of organizational structures. Firstly, there is the possibility of hiring an independent agent who represents an exporter in foreign markets. If a company seeks more substantial involvement, it could opt for licensing arrangements like franchising. Additionally, a firm could send its own managers to overseas branch offices which is advantageous as there is more visible public presence. Furthermore, a company could enter a strategic alliance. Potentially this term is better known as setting up a joint venture. Last but not least, there is the possibility to make foreign direct investments. A FDI (short term) is an arrangement in which a firm establishes or buys a company which is completely independent.
Re: Practicing Reporting Phrases March-April 2006
I know the following international structures as they are:
Firstly, there is the independent agent, where a foreign person or organization agrees to represent an exporter on the foreign market.
Secondly, I mention the licensing agreement where companies give foreign individuals or organizations the right to produce their products in another country. Franchising is the most popular form.
Thirdly, I know branch offices, which is a foreign office set up by an international company.
Fourthly, the strategic alliance better known as joint venture works as follows: A company finds a foreign partner to do business together in its country.. In some countries as they are China, Mexico .. you mustn’t to business without a local partner. Each of these partners has to invest money but they also share the profit.
Finally there is the so called foreign direct investment where companies buy tangible assets in the other country.
Re: Practicing Reporting Phrases March-April 2006
First of all, the author mentions that the commercial banks are one of the major types of financial institutions. The aim of these institutions is to ease the flow of money from sectors with surplus to those with deficits.
According to this text commercial banks are companies that accept deposits that they use to make loans and earn profits. In addition to this, the author tells us their liabilities, which includes checking and savings accounts.
Re: Practicing Reporting Phrases March-April 2006
The author of this text emphasises that you have to be aware of certain things before you go abroad. A company should only conduct international business, if the firm posses the necessary skills and knowledge to do business abroad. Furthermore they have to research, if there is international demand for the firm´s product. After considering these facts it is necessary to chose the best organizational structure for the company. The author mentions five different structures but to his mind ,using independet agents and maintaining branch office are the most effective ones. In order to lead a small business to international success you should use an independet agent. He/ She is a foreign individual that represents the firm in foreign markets. Besides the author underlines the very low risk of failure if you use this structure.
Instead of an independet agent, a firm may send its own manager to overseas branch offices. An advantage of this is that you have more direct control. Furthermore branch offices also furnish a more visible public presence in foreing countries.
The report deals with special financial services of commercial banks. In regards to competition and deregulation, commercial banks have begun offering additional services to their traditional despoit and loan business.
In General commercial banks offer bank-issued credit cards and safe-deposit boxes.
Nowadays it become more and more popular to offer special financial services like pension services and trust services. In this regard, the author means that banks performe tasks such as making your monthly bill payments and managing your investment portfolio. In addition, this instititions provide international services. For example, currency exchange, banker's acceptances and letters of credit. The latter are promises by a bank to pay a designated firm a specific amount at a future date.
Re: Practicing Reporting Phrases March-April 2006
How can we guarantee success in order to set up an organization abroad? The report deals with the international organizational structures a company has to sell its products abroad. First of all, the reader could use an independent agent. A big advantage of this would be to have a local partner who has business knowledge of the country. In addition the author would propose for the reader to use licensing arrangements. For example, Franchising or Patents. Thirdly, the reader might open maintaining branch offices abroad. Therefore, subsidiaries would be created abroad but the products would be homemade.
Re: Practicing Reporting Phrases March-April 2006
The report deals with the different kinds of organizational structures, which a company can select if they decide to go abroad. Firstly, there is an independent agent, a person or an organization that represtens an exporter at a foreign market. Secondly, the oragnization may choose licensing arrangements. At this organizational structure the exporter give an individual or a company the special right to market or manufacture its products abroad. In addition, there is also the possibility to establish branch offices where the own employees of the company work in an other country. Therefore, they use facilities which the organization owns and are under control of the Management from the national company. Fourthly, there is the strategic alliance. Such a organizational structure is like a joint venture, where a company finds a partner in a foreign country and then they decide to cooperate in some mutually beneficial ways. Finally, it is possible to invest directly in the foreign country. On the one hand, the exporter may set up a new business while on the other hand the company buys an existing business.
Re: Practicing Reporting Phrases March-April 2006
Before going abroad, a company should consider at least two factors, namely international demand and the potential adaption of previous products. There are three levels of international involvement, but the report focuses on the different kinds of organizational structures. Firstly, there is the possibility of hiring an independent agent who represents an exporter in foreign markets. If a company seeks more substantial involvement, it could opt for licensing arrangements like franchising. Additionally, a firm could send its own managers to overseas branch offices, which would be advantageous as there would bea more visible public presence. Furthermore, a company could enter into a strategic alliance. Generally, this term is better known as a joint venture. Last but not least, there is the possibility to make foreign direct investments. An FDI (short term) is an arrangement in which a firm establishes or buys a company which is completely independent.
1) Before going abroad a company should consider at least two aspects, ... "Punkte bedenken" übersetzt man besser als "consider X factors"
2)...should consider at least two factors, which contain demand and adaption of previous products. Wenn man nach einer derartigen Feststellung die Punkte aufzählen will, dann eignet sich ", namely..." (nämlich)
3) Additionally, a firm could send its own managers to overseas branch offices which is advantageous as there is more visible public presence
Wenn man im Conditional beginnt (d.h. bei der Diskussion von theoretischen künftigen Möglichkeiten), dann muss man ihm auch treu bleiben (d.h. "would be advantageous... would be more visible..."
4) Bin mir nicht sicher, was Du mit "Potentially" meintest. Für "Üblicherweise" wäre "Generally" passender
5) Grundsätzlich hast Du schon recht, dass vor einem Konsonanten "a", vor einem Vokal hingegen "an" kommt. Allerdings kommt es hierbei auf die Aussprache an. Weil ich "university" eigentlich wie "yooniversity" ausspreche, ist es "a university". Da ich hingegen das "h" im englischen Wort "herb" nicht ausspreche, ist es "an herb". Im Falle von "FDI" spreche ich es "eff-dee-aiy" aus, und d.h. ist es "An FDI", wobei in diesem Satz übrigens ohnehin "FDI" ohne Artikel eleganter wäre.
Re: Practicing Reporting Phrases March-April 2006Wichtig wäre bei einem Report, in der dritten Person zu schreiben (d.h. statt "I" lieber "The author", "He"/"She", "The report" .Ich korrigiere zunächst in der ersten Person, dann in der dritten.
1st Person:
I will briefly explain the following international structures:
Firstly, there is the independent agent, who is a foreign person or organization that agrees to represent an exporter on the foreign market.
Secondly, I would like to mention the licensing agreement, where companies give foreign individuals or organizations the right to produce their products in another country. Franchising is the most popular form of licensing agreement.
Thirdly, there are branch offices, which are foreign offices set up by international companies.
Fourthly, the strategic alliance, which is better known as a joint venture, works as follows: A company finds a foreign partner with which to do business in its country. Each of these partners has to invest money but they also share the profit. In some countries such as China and Mexico , you shouldn’t do business without a local partner.
Finally, there is the so called foreign direct investment where companies buy tangible assets in the other country.
2nd Person:
The report will briefly explain the following international structures:
Firstly, there is the independent agent, who is a foreign person or organization that agrees to represent an exporter on the foreign market.
Secondly, it is important to mention the licensing agreement, where companies give foreign individuals or organizations the right to produce their products in another country. Franchising is the most popular form of licensing agreement.
Thirdly, there are branch offices, which are foreign offices set up by international companies.
Fourthly, the strategic alliance, which is better known as a joint venture, works as follows: A company finds a foreign partner with which to do business in its country. Each of these partners has to invest money but they also share the profit. In some countries such as China and Mexico , you shouldn’t do business without a local partner.
Finally, there is the so called foreign direct investment where companies buy tangible assets in the other country.
1) Auch im First Person ("I" nicht die Phrase "I know.." als Übersetzung für "es gibt" verwenden. Auf Englisch wäre das immer "there are", "I would like to mention/discuss" u.ä.
2)" branch offices, which is a foreign office set up by an international company." Wenn man im Plural beginnt, muss man im Plural bleiben (d.h. "foreign offices" und "international companies"
3) "In some countries as they are China, Mexico " Hier wäre die Verbindung immer "such as". Ausserdem unterteilt man erst ab 3 Aufzählungen mit Kommas.
Re: Practicing Reporting Phrases March-April 2006
First of all, the author mentions that commercial banks are among the major types of financial institutions. The aim of these institutions is to ease the flow of money from sectors with surpluses to those with deficits.
According to Griffin/Ebert commercial banks are companies that accept deposits that they use to make loans and earn profits. In addition to this, the author tells us about their liabilities, which include checking and savings accounts.
1) "commercial banks are one of the major types of financial institutions" "A commercial bank is one of the major types..." wäre ok, wenn Du aber den Plural willst, dann benutze in diesem Zusammenhang "are among"
2) "According to this text" Das würde bedeuten: "Diesem Text, den ich hier gerade geschrieben habe, zufolge,..."
Da die Quelle das G/E Buch ist, würde ich hier einfach "According to Griffin/Ebert" ansetzen.
3) "the author tells us their liabilities" Wenn es nach "tells us" um ein Hauptwort geht (z.B. "Liabilities" , dann folgt dem "tells us" meistens "about"
Re: Practicing Reporting Phrases March-April 2006
The author of this text emphasises that you have to be aware of certain things before you go abroad. A company should only conduct international business if the firm posseses the necessary skills and knowledge to do business abroad. Furthermore it has to conduct research on whether there is international demand for the firm´s product. After considering these facts, it is necessary to choose the best organizational structure for the company. The author mentions five different structures, but to his mind, using independent agents and maintaining branch office are the most effective ones. In order to lead a small business to international success you should use an independent agent. He/ She is a foreign individual that represents the firm in foreign markets. Besides, the author underlines the very low risk of failure if you use this structure.
Instead of an independent agent, a firm may send its own manager to overseas branch offices. An advantage of this is that you have more direct control. Furthermore branch offices also furnish a more visible public presence in foreing countries.
Very elegantly written.
1)"Furthermore they have to research, if there is international demand for the firm´s product." a) Wenn Du im Singular startest ("the company" , musst Du auch im Singular bleiben (d.h. "it has"
b) es ist immer eleganter (und oft die einzige Alternative), "to conduct research" statt "to research" zu verwenden.
c) Wenn Alternativen recherchiert werden, dann ist es sicherer /und eleganter), "whether" zu verwenden (d.h. "to conduct research whether X"
Re: Practicing Reporting Phrases March-April 2006
The report deals with special financial services of commercial banks. In regards to competition and deregulation, commercial banks have begun offering additional services to their traditional deposit and loan business.
In general, commercial banks offer bank-issued credit cards and safe-deposit boxes.
Nowadays, it has become more and more popular to offer special financial services like pension services and trust services. In this regard, the author states that banks perform tasks such as making your monthly bill payments and managing your investment portfolio. In addition, these instititions provide international services. Examples of these are currency exchange, banker's acceptances and letters of credit. The latter are promises by a bank to pay a designated firm a specific amount at a future date.
Grundsätzlich sehr flüssig geschrieben.1) "the author means that " Alls Übersetzung für "Der Autor meint, dass..." eignet sich "The author feels that..." bzw. "The author argues that..." bzw. "The author is of the opinion that..."
Da es hier nicht um eine Meinung geht, ist "The author states that..." passend.
2) "For example, currency exchange, banker's acceptances and letters of credit." Vorsicht mit "for example". Hin und wider kann es dazu verleiten, eine Phrase für einen Satz zu halten. Da obige Phrase kein Zeitwort enthält, ist es kein Satz. Die Lösung wäre "Examples of these are..."
Re: Practicing Reporting Phrases March-April 2006
How can we guarantee success in order to set up an organization abroad? The report deals with the international organizational structures a company has through which to sell its products abroad. First of all, a company could use an independent agent. A big advantage of this would be that it would have a local partner who has business knowledge of the country. In addition, the author would propose for the reader to use licensing arrangements. Examples for these would be franchising or patents. Thirdly, the reader might maintain branch offices abroad. For this, subsidiaries would be created abroad but the products would be homemade.
Wieder gut geschrieben.
1) "First of all, the reader could use an"
Ist zwar grundsätzlich richtig gedacht (da der Report an ein Unternehmen geht), trotzdem wäre hier "a company" passender, weil es sich um ein allgemeingültiges Statement handelt.
2)"For example, franchising or patents."
Gleicher Fehler wie vorhin (siehe ein Post weiter oben)
3)"Therefore, subsidiaries would be created "
Achtung mit "Therefore"! Das ist keine Übersetzung von "Dafür", sondern von "Deshalb". Das überschneidet sich zwar gelegentlich, aber hier würde eindeutig die WIRKLICHE Übersetzung von "dafür" ("For this" bzw. "In order to do this,...") am besten passen.
Re: Practicing Reporting Phrases March-April 2006
The report deals with the different kinds of organizational structures which a company can select if it decides to go abroad. Firstly, it could select an independent agent, a person or an organization that represtens an exporter at a foreign market. Secondly, the organization may choose licensing arrangements. In context of this organizational structure, the exporter give an individual or a company the special right to market or manufacture its products abroad. In addition, there is also the possibility to establish branch offices, in context of which the company's own employees work in another country. When doing this, they use facilities which the organization owns and are under control of the Management of the national company. Fourthly, a company could enter into a strategic alliance. Such an organizational structure is like a joint venture, where a company finds a partner in a foreign country and then the two decide to cooperate in some mutually beneficial ways. Finally, it is possible to invest directly in the foreign country. On the one hand, the exporter may set up a new business while on the other hand, the company might buy an existing business.
1)"The report deals with the different kinds of organizational structures, which a company can select if they decide to go abroad. " Das habe ich heute zufällig gerade mit einer Gruppe im Unterricht besprochen. Schaue immer bei "which" nach, ob Du "that" als Synonym verwenden kannst. Falls ja, dann darf vor dem "which" kein Komma stehen.
2)"At this organizational structure " Formulierunge wie "Im Rahmen dieser..." übersetzt man am besten mit "In context of..."
3)" an other" Achtung, meistens meint man damit "another", d.h. ein Wort.
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