2.2 Catherine's Solid Forecasts

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Из курса от партнера Arizona State University

Business English: Finance and Economics

86 оценки

Arizona State University

Business English: Finance and Economics

86 оценки

Курс 2 из 4 — Specialization Business English

Do you work in finance or interact with finance professionals? Is it necessary to speak, write or understand English in your career? Follow the authentic characters in this course as they work through common business situations in finance and economics. Learn from your successes and failure, and think critically about your own communication options. After taking this course, you will be able to read and create efficient e-mails, reports, and impactful presentations with words and phrases commonly used in finance and economics. Communicate clearly under pressure utilizing recently learned strategies, and obtain immediate feedback about the efficiency of your business communication skills in English from other finance professionals around the world! Gain the English communication skills that you desire and that global managers expect.

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Forecasting

You’ve collected the data, done the analysis, made the forecasts. Now, you must be able to clearly explain your conclusions. After completing this week, you’ll be more prepared for this difficult task. You’ll practice useful language for describing the whole story represented in your charts and graphs and use strategies for staying calm and avoiding defensiveness when challenged. With Catherine as a model in The Challenge, you’ll be off to a good start.

2.2 Catherine's Solid Forecasts3:59

Познакомьтесь с преподавателями

Andrea Mürau Haraway
International Educator
Arizona State University, Global Launch
Wanda Huber
International Educator
Arizona State University Global Launch
Jenny Young
International Educator
Arizona State University Global Launch
Beatriz Fuentes-Anderson
International Educator
Arizona State University Global Launch

For current year forecast contact senior sales manager for

estimated travel expenses for July through December,

and operations manager for estimated costs.

And, hm.

Gary in HR for estimated temporary employee cost plus additional expenses.

[SOUND] Katherine Roland speaking.

Oh, hey, John.

I just sent it.

Uh-huh, just this minute.

I finished consolidating all of the inputs for our business.

[LAUGH] Thanks.

No, it's all there.

It's a consolidated look.

We have costs of sales, sales, and expenses.

You should be getting it any minute.

Good.

Well let me know if there's anything else I can help with.

I could help with comparisons to the budget or to prior year results.

I could even make a few Power Point slides.

Alright, just let me know.

Bye now.

[SOUND] Catherine Rollins speaking.

Hey John.

Oh my gosh, you sound terrible.

In the hospital?

Sure of course I'll fill in for you.

Which slides will you be presenting?

And it's not until 7 o'clock right?

Sure I'm happy to help.

You take care of yourself.

And don't worry everything's gonna be fine.

Are there any questions?

>> Thanks for filling in for John tonight.

>> Of course, since I helped with the inputs and a couple of the charts,

it was no problem.

>> So you're confident in these figures?

>> Unless there is a natural disaster or an unforeseen crisis to manage,

these are solid forecasts.

>> The cost of sales is quite a bit higher than was budgeted

as a result of unexpected transportation and logistical costs.

Correct?

>> Yes, that's right.

>> How likely is it that we'll continue to deal with these same issues?

>> Well, transporting overseas is costly.

These costs are mostly predictable, unlike transportation and logistics inside China.

Although, I must say, things are improving as China has established some practical

measures and standards, as well as invested in new technologies.

>> Maybe this is a question for our CEO, but are we weighing the possibility of

building manufacturing facilities in China?

>> We've done some analysis.

Acquiring and consolidating Chinese transportation companies

would probably pay off in the long run, but it's risky.

In contrast we feel the more practical and less risky route would be to

reach our customers and distributors through China's e-commerce.

>> Thanks Catherine!

Nice job.

I'll add that we have preliminary figures to support what Catherine has indicated.

We'll report at the next meeting.

Additionally, the decision will come down to how much are we willing to invest and

how much risk are we willing to handle.

Are there any more questions?

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