Conversation Club Review for June 6th – BUSINESS MODELS!

Hey there friends! Did you miss Bogota Business English’s Conversation Club last Wednesday, June 6th? We really had a great time! We made new friends and created new business contacts. Come join us on on Wednesday, June 13th at 6:00 at Authors Bookstore on Calle 72 #5-23 for great English practice!

If you did not attend last week you don’t have to worry because on this blog you will be able to review the conversation topics, vocabulary and trivia that we discussed. We sincerely hope to see you there this Wednesday, June 13th to talk about THE NOBEL PEACE PRIZE with us! We are going to learn a lot of really cool things and new vocabulary. Make sure to bring your friends, family and colleagues to share knowledge, beverages and candy with  us!

Here’s what we talked about last week…“Let’s Talk About…”

BUSINESS MODELS!

Vocabulary Bank

n. organogram v. to design adj. efficient / inefficient
n. planning v. to map out adj. profitable / unprofitable
n. growth v. to expand adj.  expandable
n. structure n. strategy v. to strategize adj. innovative

*Do you know what all of these words mean? Discuss with your group or ask a native speaker if you need clarification! Try to figure them out!

Conversation  topics…

  1. Do you know how the following business models operate? How are the efficient or inefficient in your opinion?
    1. “Bricks and Clicks” business model (Company that has physical stores and an online presence)
    2. Franchise business model
    3. “Freemium” business model. (offerins basic Web services, or a basic downloadable digital product, for free, while charging a premium for advanced or special features)
    4. What are some real-world examples in Colombia of the types of business models discussed in #1?
    5. Can you think of any other types of business models?
    6. If you could start your own business, what would it be? Do you already have your own business? If so, how and why did you begin it?
    7. What makes businesses successful?
VIDEO BREAK! Check out this great YouTube video on Business Models

Quotes of the week…

“A budget tells us what we can’t afford, but it doesn’t keep us from buying it.”

“Almost all quality improvement comes via simplification of design, manufacturing… layout, processes, and procedures.”

Homework: 

Are there any tools or resources that you have found helpful to learn English? Bring them to next week’s conversation club to share with your new friends. We are all interested in improving our language skills!

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