ielts speaking Part 2 and 3 about Big Company You Are Interested In

There are many noteworthy things to notice between large and small companies. First thing first, the scale and structure can be considerably distinct. While large corporates operate with various departments and hundreds of employees, small companies don’t have that scale and hierarchy, which can be seen clearly in startups’ structure. In startups and small companies, one person can take on various positions and their work arrangements can be fairly flexible. For instance, you can be a founder as well as finance director and sometimes when the company is running low on manpower, you can also jump in to help with designing.

Absolutely. Some of them are state-owned, some are incorporated between the state and foreign companies, and others are multinational companies. These corporates are doing business in various sectors including FMCG, real estates, and electronics and so on. Prominent brands that are widely known to customers and users are Unilever, P&G, Sam Sung and many more.

One of the biggest advantages when working for those recognized brand names is if you apply for another job at a different company, it will probably a plus point when a big name is written on your employee record. Recruiters would regard you with certain interest and respect if you’ve already proven your ability at some high-profile corporate. Furthermore, high reputation comes with high demand in employees as well as reputable training processes. Therefore, once you are an employee, there will be so much things to learn and many opportunities to develop yourself, both professionally and personally.

I guess it would have to go through various stages as any big corporate does before reaching that level. There are many ways to scale up a company and depending on what industries of the business, people prefer different tactics. Traditionally, it could be a merger and acquisitionin which a company can expand their scale, and market shares. Today, a small company could go public on stock markets to sell it shares. Take many startups for instance. This digital era can be seen as a breeding ground for startups to proliferate, especially in technology and innovation. The usual road many startups take to grow bigger is to attract investors via many funding rounds or attending pitch competition to get money and reputation. Then, after they reach a certain level, they are ready to exit, which is where entrepreneurs become rich when startups going public or being acquired by some big company.

Undoubtedly. As a part of corporate social responsibilities, profitable companies should be encouraged to contribute more to social development as well as human well-beings. Such activities not only greatly benefit the community but also enhance the company’s image and values. Some common ways to join hands in charitable acts that big companies can consider are sponsoring for several events about social and environmental issues, raising awareness of gender equality or the importance of education and so on. Additionally, these humanitarian aids might also help bonding employees through meaningful charity trips.

Since large corporate have larger budgets and a whole legal department, they should know better than contravening the law. As a result, should any illegitimate act be conducted, such companies need to receive strict punishments, either financially or with business-related fines. There might be possibilities that employees of these companies will be badly affected by the fines imposed, therefore, it’s worth carrying out in-depth investigations to hold the right people accountable for the misconducts.