Describe a person you know who runs a family business.

Notes

You should say:
Who he/she is
What the business is
What products it sells
And explain what you have learned from him/her

Well, let me see… I’m going to talk about my aunt Li, who runs a family tea shop in Fuzhou. I’ve known her all my life, and during one winter break I actually helped out for a couple of weeks. The business is small but remarkably well-organised: her parents handle trusted suppliers in the mountains, she manages inventory control and customer service, and my uncle takes care of online fulfilment.

What they sell is, you know, pretty specialised: Tieguanyin and Da Hong Pao, plus some white tea bricks packaged for gifting. She insists on quality assurance—the leaves are graded, vacuum-sealed, and labelled with harvest dates and altitude, which sounds a bit academic but it really builds consumer confidence. In the shop, she plays soft guzheng music and offers tastings; online she does short livestreams explaining brewing parameters.

Why does this matter to me? To be honest, watching her translate craft knowledge into transparent standards was eye-opening. She keeps a simple spreadsheet to track defect rates, repeat purchases, and cash flow, and then makes data-driven decisions about pricing and promotions. As a physics postgraduate, I found her approach very familiar: it’s essentially experimental design—control the variables, test, and iterate.

What I’ve learned from her, or rather what I’ve internalised, is operational discipline and customer empathy. She taught me that reliability creates brand loyalty, and that ethical sourcing is not just a slogan but a long-term strategy. At the end of the day, her calm tenacity and process mindset have influenced how I run experiments in the lab and how I think about sustainable business.

Well, let me see… I’m going to talk about my aunt Lili, who runs a family tea shop in Fuzhou.
/aɪ θɪŋk wel let miː siː aɪm ˈɡəʊ.ɪŋ tuː tɔːk əˈbaʊt maɪ ɑːnt ˈliːli huː rʌnz eɪ ˈfæm.ɪ.li tiː ʃɒp ɪn fuːˈdʒəʊ/

I’ve known her all my life, and during one winter break I actually helped out for a couple of weeks.
/aɪv nəʊn hɜːr ɔːl maɪ laɪf ænd ˈdjʊə.rɪŋ wʌn ˈwɪn.tə breɪk aɪ ˈæk.tʃu.ə.li helpt aʊt fɔː eɪ ˈkʌp.əl ɒv wiːks/

The business is small but remarkably well-organised: her parents handle trusted suppliers in the mountains, she manages inventory control and customer service, and my uncle takes care of online fulfilment.
/ðiː ˈbɪz.nɪs ɪz smɔːl bʌt rɪˈmɑː.kə.bli wel ˈɔː.ɡə.naɪzd hɜː ˈpeə.rənts ˈhæn.dəl ˈtrʌs.tɪd səˈplaɪ.əz ɪn ðiː ˈmaʊn.tɪnz ʃiː ˈmæn.ɪ.dʒɪz ˈɪn.vən.tər.i kənˈtrəʊl ænd ˈkʌs.tə.mə ˈsɜː.vɪs ænd maɪ ˈʌŋ.kəl teɪks keə ɒv ˌɒnˈlaɪn fʊlˈfɪl.mənt/

What they sell is, you know, pretty specialised: Tieguanyin and Da Hong Pao, plus some white tea bricks packaged for gifting.
/wɒt ðeɪ sel ɪz juː nəʊ ˈprɪt.i ˈspeʃ.ə.laɪzd ˌtiː.eɪˌɡwænˈjɪn ænd dɑː hɒŋ paʊ plʌs sʌm waɪt tiː brɪks ˈpæk.ɪdʒd fɔː ˈɡɪf.tɪŋ/

She insists on quality assurance—the leaves are graded, vacuum-sealed, and labelled with harvest dates and altitude, which sounds a bit academic but it really builds consumer confidence.
/ʃiː ɪnˈsɪsts ɒn ˈkwɒl.ɪ.ti əˈʃɔː.rəns ðiː liːvz ɑː ˈɡreɪ.dɪd ˈvæk.juːm siːld ænd ˈleɪ.bəld wɪð ˈhɑː.vɪst deɪts ænd ˈæl.tɪ.tjuːd wɪtʃ saʊndz eɪ bɪt ˌæk.əˈdem.ɪk bʌt ɪt ˈrɪə.li bɪldz kənˈsjuː.mə ˈkɒn.fɪ.dəns/

In the shop, she plays soft guzheng music and offers tastings; online she does short livestreams explaining brewing parameters.
/ɪn ðiː ʃɒp ʃiː pleɪz sɒft ˈɡuː.dʒʌŋ ˈmjuː.zɪk ænd ˈɒf.əz ˈteɪ.stɪŋz ˌɒnˈlaɪn ʃiː dʌz ʃɔːt ˈlaɪv.striːmz ɪkˈspleɪ.nɪŋ ˈbruː.ɪŋ pəˈræm.ɪ.təz/

Why does this matter to me? To be honest, watching her translate craft knowledge into transparent standards was eye-opening.
/waɪ dʌz ðɪs ˈmæt.ə tuː miː tuː biː ˈɒn.ɪst ˈwɒtʃ.ɪŋ hɜː trænzˈleɪt krɑːft ˈnɒl.ɪdʒ ˈɪn.tuː trænˈspær.ənt ˈstæn.dədz wɒz aɪ ˈəʊ.pən.ɪŋ/

She keeps a simple spreadsheet to track defect rates, repeat purchases, and cash flow, and then makes data-driven decisions about pricing and promotions.
/ʃiː kiːps eɪ ˈsɪm.pəl ˈspred.ʃiːt tuː træk ˈdiː.fekt reɪts rɪˈpiːt ˈpɜː.tʃəs.ɪz ænd kæʃ fləʊ ænd ðen meɪks ˈdeɪ.tə ˈdrɪv.ən dɪˈsɪʒ.ənz əˈbaʊt ˈpraɪ.sɪŋ ænd prəˈməʊ.ʃənz/

As a physics postgraduate, I found her approach very familiar: it’s essentially experimental design—control the variables, test, and iterate.
/æz eɪ ˈfɪz.ɪks ˌpəʊstˈɡrædʒ.u.ət aɪ faʊnd hɜː əˈprəʊtʃ ˈver.i fəˈmɪl.i.ə ɪts ɪˈsen.ʃəli ɪkˌsper.ɪˈmen.təl dɪˈzaɪn kənˈtrəʊl ðiː ˈveə.ri.ə.bəlz test ænd ˈɪt.ər.eɪt/

What I’ve learned from her, or rather what I’ve internalised, is operational discipline and customer empathy.
/wɒt aɪv lɜːnd frɒm hɜː ɔː ˈrɑː.ðə wɒt aɪv ɪnˈtɜː.nə.laɪzd ɪz ˌɒp.əˈreɪ.ʃən.əl ˈdɪs.ə.plɪn ænd ˈkʌs.tə.mə ˈem.pə.θi/

She taught me that reliability creates brand loyalty, and that ethical sourcing is not just a slogan but a long-term strategy.
/ʃiː tɔːt miː ðæt rɪˌlaɪ.əˈbɪl.ə.ti kriˈeɪts brænd ˈlɔɪ.əl.ti ænd ðæt ˈeθ.ɪ.kəl ˈsɔː.sɪŋ ɪz nɒt dʒʌst eɪ ˈsləʊ.ɡən bʌt eɪ lɒŋ tɜːm ˈstræt.ə.dʒi/

At the end of the day, her calm tenacity and process mindset have influenced how I run experiments in the lab and how I think about sustainable business.
/æt ðiː end ɒv ðiː deɪ hɜː kɑːm təˈnæs.ɪ.ti ænd ˈprəʊ.ses ˈmaɪnd.set hæv ˈɪn.flu.ənst haʊ aɪ rʌn ɪkˈsper.ɪ.mənts ɪn ðiː læb ænd haʊ aɪ θɪŋk əˈbaʊt səˈsteɪ.nə.bəl ˈbɪz.nəs/

Part 3

What are the advantages and disadvantages of family business?

Well, I think family businesses have some clear advantages. Trust is pre-existing social capital, so decisions can be made quickly and with goal alignment. There’s also a strong long-term orientation—owners think in decades, which supports quality assurance and reputation management. In many cases, tacit knowledge is passed down through informal apprenticeship, which preserves craftsmanship.

That said, there are downsides. Nepotism can undercut meritocracy; talented outsiders may feel excluded. Conflicts can spill over from dinner tables to boardrooms, which hurts governance and accountability. And, to be honest, many family firms face capital constraints and succession risk; scaling up without professionalisation is tough.

At the end of the day, I suppose the model works best when families install clear governance structures, invite independent advisors, and separate ownership from day-to-day management where appropriate.

Well, I think family businesses have some clear advantages.
/aɪ θɪŋk ˈfæm.əl.i ˈbɪz.nɪs.ɪz hæv sʌm klɪə ədˈvɑːn.tɪ.dʒɪz/

Trust is pre-existing social capital, so decisions can be made quickly and with goal alignment.
/trʌst ɪz priː ɪɡˈzɪs.tɪŋ ˈsəʊ.ʃəl ˈkæp.ɪ.təl səʊ dɪˈsɪʒ.ənz kæn biː meɪd ˈkwɪk.li ænd wɪð ɡəʊl əˈlaɪn.mənt/

There’s also a strong long-term orientation—owners think in decades, which supports quality assurance and reputation management.
/ðeəz ˈɔːl.səʊ eɪ strɒŋ ˌlɒŋˈtɜːm ˌɔː.ri.enˈteɪ.ʃən ˈəʊ.nəz θɪŋk ɪn ˈdek.eɪdz wɪtʃ səˈpɔːts ˈkwɒl.ɪ.ti əˈʃɔː.rəns ænd ˌrep.jʊˈteɪ.ʃən ˈmæn.ɪdʒ.mənt/

In many cases, tacit knowledge is passed down through informal apprenticeship, which preserves craftsmanship.
/ɪn ˈmen.i ˈkeɪ.sɪz ˈtæs.ɪt ˈnɒl.ɪdʒ ɪz pɑːst daʊn θruː ɪnˈfɔː.məl əˈpren.tɪ.ʃɪp wɪtʃ prɪˈzɜːvz ˈkrɑːft.smən.ʃɪp/

That said, there are downsides.
/ðæt sed ðeə ɑː ˈdaʊn.saɪdz/

Nepotism can undercut meritocracy; talented outsiders may feel excluded.
/ˈnep.ə.tɪ.zəm kæn ˌʌn.dəˈkʌt ˌmer.ɪˈtɒk.rə.si ˈtæl.ən.tɪd ˌaʊtˈsaɪ.dəz meɪ fiːl ɪkˈskluː.dɪd/

Conflicts can spill over from dinner tables to boardrooms, which hurts governance and accountability.
/ˈkɒn.flɪkts kæn spɪl ˈəʊ.və frɒm ˈdɪn.ə ˈteɪ.bəlz tuː ˈbɔːd.ruːmz wɪtʃ hɜːts ˈɡʌv.ə.nəns ænd əˌkaʊn.təˈbɪl.ɪ.ti/

And, to be honest, many family firms face capital constraints and succession risk; scaling up without professionalisation is tough.
/ænd tuː biː ˈɒn.ɪst ˈmen.i ˈfæm.əl.i fɜːmz feɪs ˈkæp.ɪ.təl kənˈstreɪnts ænd səkˈseʃ.ən rɪsk ˈskeɪ.lɪŋ ʌp wɪˈðaʊt prəˌfeʃ.ə.nə.laɪˈzeɪ.ʃən ɪz tʌf/

At the end of the day, I suppose the model works best when families install clear governance structures, invite independent advisors, and separate ownership from day-to-day management where appropriate.
/æt ðiː end ɒv ðiː deɪ aɪ səˈpəʊz ðiː ˈmɒd.əl wɜːks best wen ˈfæm.əl.iz ɪnˈstɔːl klɪə ˈɡʌv.ə.nəns ˈstrʌk.tʃəz ɪnˈvaɪt ˌɪn.dɪˈpen.dənt ədˈvaɪ.zəz ænd ˈsep.ər.eɪt ˈəʊ.nə.ʃɪp frɒm ˌdeɪ.təˈdeɪ ˈmæn.ɪdʒ.mənt weə əˈprəʊ.pri.ət/

How to be a successful businessman in your country?

Well, in China, I think a successful businessperson needs policy literacy and regulatory compliance first. The landscape is dynamic, so staying aligned with industry standards, data protection rules, and tax obligations is, you know, non-negotiable. Beyond that, it’s about product–market fit. Do some due diligence, build a clear value proposition, and test it with A/B experiments rather than relying on gut feeling.

As a physics student, I’d treat the venture like an experiment: set falsifiable hypotheses, track unit economics and customer acquisition costs, and iterate fast. To be honest, operational discipline matters just as much—supply-chain reliability, quality assurance, and a healthy cash conversion cycle keep you alive when demand is volatile.

At the end of the day, those who combine policy awareness with data-driven decisions and consistent execution are more likely to scale sustainably.

Well, in China, I think a successful businessperson needs policy literacy and regulatory compliance first.
/wel ɪn ˈtʃaɪ.nə aɪ θɪŋk eɪ səkˈses.fəl ˈbɪz.nɪsˌpɜː.sən niːdz ˈpɒl.ɪ.si ˈlɪt.ər.ə.si ænd ˈreɡjələtəri kəmˈplaɪ.əns fɜːst/

The landscape is dynamic, so staying aligned with industry standards, data protection rules, and tax obligations is, you know, non-negotiable.
/ðiː ˈlænd.skeɪp ɪz daɪˈnæm.ɪk səʊ ˈsteɪ.ɪŋ əˈlaɪnd wɪð ˈɪn.də.stri ˈstæn.dədz ˈdeɪ.tə prəˈtek.ʃən ruːlz ænd tæks ˌɒb.lɪˈɡeɪ.ʃənz ɪz juː nəʊ ˌnɒn.nɪˈɡəʊ.ʃi.ə.bəl/

Beyond that, it’s about product–market fit.
/bɪˈjɒnd ðæt ɪts əˈbaʊt ˈprɒd.ʌkt ˈmɑː.kɪt fɪt/

Do some due diligence, build a clear value proposition, and test it with A/B experiments rather than relying on gut feeling.
/duː sʌm djuː ˈdɪl.ɪ.dʒəns bɪld eɪ klɪə ˈvæl.juː ˌprɒp.əˈzɪʃ.ən ænd test ɪt wɪð eɪ biː ɪkˈsper.ɪ.mənts ˈrɑː.ðə ðæn rɪˈlaɪ.ɪŋ ɒn ɡʌt ˈfiː.lɪŋ/

As a physics student, I’d treat the venture like an experiment: set falsifiable hypotheses, track unit economics and customer acquisition costs, and iterate fast.
/æz eɪ ˈfɪz.ɪks ˈstjuː.dənt aɪd triːt ðiː ˈven.tʃə laɪk æn ɪkˈsper.ɪ.mənt set ˈfɔːl.sɪ.faɪ.ə.bəl haɪˈpɒθ.ə.siːz træk ˈjuː.nɪt ˌiː.kəˈnɒm.ɪks ænd ˈkʌs.tə.mə ˌæk.wɪˈzɪʃ.ən kɒsts ænd ˈɪt.ə.reɪt fɑːst/

To be honest, operational discipline matters just as much—supply-chain reliability, quality assurance, and a healthy cash conversion cycle keep you alive when demand is volatile.
/tuː biː ˈɒn.ɪst ˌɒp.əˈreɪ.ʃən.əl ˈdɪs.ə.plɪn ˈmæt.əz dʒʌst æz mʌtʃ səˈplaɪ tʃeɪn rɪˌlaɪ.əˈbɪl.ə.ti ˈkwɒl.ɪ.ti əˈʃɔː.rəns ænd eɪ ˈhel.θi kæʃ kənˈvɜː.ʃən ˈsaɪ.kəl kiːp juː əˈlaɪv wen dɪˈmɑːnd ɪz ˈvɒl.ə.taɪl/

At the end of the day, those who combine policy awareness with data-driven decisions and consistent execution are more likely to scale sustainably.
/æt ðiː end ɒv ðiː deɪ ðəʊz huː kəmˈbaɪn ˈpɒl.ɪ.si əˈweə.nəs wɪð ˈdeɪ.tə ˈdrɪv.ən dɪˈsɪʒ.ənz ænd kənˈsɪs.tənt ˌek.sɪˈkjuː.ʃən ɑː mɔː ˈlaɪk.li tuː skeɪl səˈsteɪ.nə.bli/

Do people in your country like to work for big companies or small companies?

To be honest, many people in China still gravitate toward large companies—including well-known tech firms and established manufacturers—because they offer job security, structured career paths, and fairly comprehensive benefits packages. I think the brand signalling also matters: a famous employer enhances one’s professional credibility on a CV and opens doors later. In practice, big firms provide systematic training, clear performance metrics, and exposure to cross-functional projects, which is reassuring for new graduates.
That said, the trade-off is bureaucracy and slower decision cycles. Well, or rather, you gain stability but may lose autonomy. Still, for a physics postgraduate like me, access to cutting-edge equipment and rigorous quality assurance in a large R&D centre is genuinely attractive. At the end of the day, the perceived risk-adjusted return favours big companies for a lot of entry-level candidates.

To be honest, many people in China still gravitate toward large companies—including well-known tech firms and established manufacturers—because they offer job security, structured career paths, and fairly comprehensive benefits packages.
/tuː biː ˈɒn.ɪst ˈmen.i ˈpiː.pəl ɪn ˈtʃaɪ.nə stɪl ˈɡræv.ɪ.teɪt təˈwɔːd lɑːdʒ ˈkʌm.pən.iz ɪnˈkluː.dɪŋ ˌwel ˈnəʊn tek fɜːmz ænd ɪˈstæb.lɪʃt ˌmæn.jʊˈfæk.tʃər.əz bɪˈkɒz ðeɪ ˈɒf.ə dʒɒb sɪˈkjʊə.rɪ.ti ˈstrʌk.tʃəd kəˈrɪə pɑːðz ænd ˈfeə.li ˌkɒm.prɪˈhen.sɪv ˈben.ɪ.fɪts ˈpæk.ɪ.dʒɪz/

I think the brand signalling also matters: a famous employer enhances one’s professional credibility on a CV and opens doors later.
/aɪ θɪŋk ðə brænd ˈsɪɡ.nəl.ɪŋ ˈɔːl.səʊ ˈmæt.əz eɪ ˈfeɪ.məs ɪmˈplɔɪ.ə ɪnˈhɑːn.sɪz wʌnz prəˈfeʃ.ən.əl ˌkred.ɪˈbɪl.ɪ.ti ɒn eɪ ˌsiː ˈviː ænd ˈəʊ.pənz dɔːz ˈleɪ.tə/

In practice, big firms provide systematic training, clear performance metrics, and exposure to cross-functional projects, which is reassuring for new graduates.
/ɪn ˈpræk.tɪs bɪɡ fɜːmz prəˈvaɪd ˌsɪs.təˈmæt.ɪk ˈtreɪ.nɪŋ klɪə pəˈfɔː.məns ˈmet.rɪks ænd ɪkˈspəʊ.ʒə tuː ˌkrɒs ˈfʌŋk.ʃən.əl ˈprɒdʒ.ekts wɪtʃ ɪz ˌriː.əˈʃɔː.rɪŋ fɔː njuː ˈɡrædʒ.u.əts/

That said, the trade-off is bureaucracy and slower decision cycles.
/ðæt sed ðə ˈtreɪd.ɒf ɪz bjʊəˈrɒk.rə.si ænd ˈsləʊ.ə dɪˈsɪʒ.ən ˈsaɪ.kəlz/

Well, or rather, you gain stability but may lose autonomy.
/wel ɔː ˈrɑː.ðə juː ɡeɪn stəˈbɪl.ɪ.ti bʌt meɪ luːz ɔːˈtɒn.ə.mi/

Still, for a physics postgraduate like me, access to cutting-edge equipment and rigorous quality assurance in a large R&D centre is genuinely attractive.
/stɪl fɔː eɪ ˈfɪz.ɪks ˌpəʊstˈɡrædʒ.u.ət laɪk miː ˈæk.ses tuː ˌkʌt.ɪŋ ˈedʒ ɪˈkwɪp.mənt ænd ˈrɪɡ.ər.əs ˈkwɒl.ɪ.ti əˈʃɔː.rəns ɪn eɪ lɑːdʒ ɑː diː ˈsen.tə ɪz ˈdʒen.ju.ɪn.li əˈtræk.tɪv/

At the end of the day, the perceived risk-adjusted return favours big companies for a lot of entry-level candidates.
/æt ðiː end ɒv ðə deɪ ðə pəˈsiːvd rɪsk əˈdʒʌs.tɪd rɪˈtɜːn ˈfeɪ.vəz bɪɡ ˈkʌm.pən.iz fɔː eɪ lɒt ɒv ˈen.tri ˌlev.əl ˈkæn.dɪ.deɪts/

Do you think globalization is a positive development?

To be honest, I’d say globalization is broadly beneficial, but only conditional on governance. It has enabled knowledge diffusion, economies of scale, and greater consumer welfare through lower prices and wider choice. In my own field—physics—global conferences and open repositories mean my classmates and I can replicate experiments and benchmark code with teams abroad; that collaborative spillover simply wouldn’t happen in a closed system.
That said, I must say there are serious externalities: income polarization, labour dislocation, and a larger carbon footprint from extended supply chains. So, basically, the policy response matters: active labour-market programmes, carbon pricing, and due-diligence on supply chains can convert a diffuse set of winners and losers into a more inclusive outcome. At the end of the day, globalization is a tool rather than a destiny—it’s positive when standards, redistribution, and competition policy keep pace.

To be honest, I’d say globalization is broadly beneficial, but only conditional on governance.
/tuː biː ˈɒn.ɪst aɪd seɪ ˌɡləʊ.bəl.aɪˈzeɪ.ʃən ɪz ˈbrɔːd.li ˌben.ɪˈfɪʃ.əl bʌt ˈəʊn.li kənˈdɪʃ.ən.əl ɒn ˈɡʌv.ən.əns/

It has enabled knowledge diffusion, economies of scale, and greater consumer welfare through lower prices and wider choice.
/ɪt hæz ɪˈneɪ.bəld ˈnɒl.ɪdʒ dɪˈfjuː.ʒən ɪˈkɒn.ə.miz ɒv skeɪl ænd ˈɡreɪ.tə kənˈsjuː.mə ˈwel.feə θruː ˈləʊ.ə ˈpraɪ.sɪz ænd ˈwaɪ.də tʃɔɪs/

In my own field—physics—global conferences and open repositories mean my classmates and I can replicate experiments and benchmark code with teams abroad; that collaborative spillover simply wouldn’t happen in a closed system.
/ɪn maɪ əʊn fiːld ˈfɪz.ɪks ˈɡləʊ.bəl ˈkɒn.fər.ən.sɪz ænd ˈəʊ.pən rɪˈpɒzətriz miːn maɪ ˈklɑːs.meɪts ænd aɪ kæn ˈrep.lɪ.keɪt ɪkˈsper.ɪ.mənts ænd ˈbentʃ.mɑːk kəʊd wɪð tiːmz əˈbrɔːd ðæt kəˈlæb.ər.ə.tɪv ˈspɪlˌəʊ.və ˈsɪm.pli ˈwʊd.ənt ˈhæp.ən ɪn eɪ kləʊzd ˈsɪs.təm/

That said, I must say there are serious externalities: income polarization, labour dislocation, and a larger carbon footprint from extended supply chains.
/ðæt sed aɪ mʌst seɪ ðeər ɑː ˈsɪə.ri.əs ˌek.stəˈnæl.ə.tiz ˈɪn.kʌm ˌpəʊ.lə.raɪˈzeɪ.ʃən ˈleɪ.bə ˌdɪs.ləˈkeɪ.ʃən ænd eɪ ˈlɑː.dʒə ˈkɑː.bən ˈfʊt.prɪnt frɒm ɪkˈsten.dɪd səˈplaɪ tʃeɪnz/

So, basically, the policy response matters: active labour-market programmes, carbon pricing, and due-diligence on supply chains can convert a diffuse set of winners and losers into a more inclusive outcome.
/səʊ ˈbeɪ.sɪ.kli ðiː ˈpɒl.ɪ.si rɪˈspɒns ˈmæt.əz ˈæk.tɪv ˈleɪ.bə ˈmɑː.kɪt ˈprəʊ.ɡræmz ˈkɑː.bən ˈpraɪ.sɪŋ ænd dʒuː ˈdɪl.ɪ.dʒəns ɒn səˈplaɪ tʃeɪnz kæn kənˈvɜːt eɪ dɪˈfjuːs set ɒv ˈwɪn.əz ænd ˈluː.zəz ˈɪn.tuː eɪ mɔːr ɪnˈkluː.sɪv ˈaʊt.kʌm/

At the end of the day, globalization is a tool rather than a destiny—it’s positive when standards, redistribution, and competition policy keep pace.
/æt ðiː end ɒv ðiː deɪ ˌɡləʊ.bəl.aɪˈzeɪ.ʃən ɪz eɪ tuːl ˈrɑː.ðə ðæn eɪ ˈdes.tɪ.ni ɪts ˈpɒz.ɪ.tɪv wen ˈstæn.dədz ˌriː.dɪs.trɪˈbjuː.ʃən ænd ˌkɒm.pəˈtɪʃ.ən ˈpɒl.ɪ.si kiːp peɪs/

Words

词汇 音标 含义
remarkably adv. 不寻常地,惊人地;不平常地,奇怪地
well-organised 有条理的 组织良好的
trusted suppliers 值得信赖的供应商
inventory control 库存控制:协调和监督供应、储存、分配和记录物资的过程,以保持当前需求所需的适量物资,避免过度供应或损失。
quality assurance 质量保证:
vacuum-sealed adj.真空密封的:指一种包装方法,将产品放入密封容器中,抽出空气,使容器内形成真空状态,以保持产品新鲜和延长保质期。
altitude n. 海拔高度;高地;(天体在地平线上的)地平纬度;顶垂线;(等级和地位等的)高级
brewing parameters 酿造参数
brewing n. 酿造;酝酿;计划 v. 酿造;策划阴谋(brew 的 ing 形式)
craft knowledge 工艺知识
spreadsheet n. 电子制表软件;电子数据表;试算表
defect rates 缺陷率:指在生产或制造过程中,产品出现缺陷的比例。
data-driven decisions 数据驱动的决策:指在做出决策时,依据数据分析和挖掘的结果来进行决策,而不是依靠主观臆断或经验。
pricing and promotions 定价与促销活动
iterate vt 迭代;重复;反复说;重做
internalised v. (使)内在化;获取(语言规则等)知识;把(成本)内化(internalise 的过去式及过去分词,internalise 等于 internalize)
operational discipline 运营纪律:指企业或组织在日常运营中遵循的规章制度和标准,以确保生产和服务的高效性、安全性和质量。
customer empathy. 客户同理心
brand loyalty 品牌忠诚度:
ethical adj. 道德的,伦理的;合乎道德的;有益于人(类)的,环保的;(药品)凭处方出售的
ethical sourcing 道德采购:一种采购方式,强调在商品生产过程中遵守道德和社会责任,包括保护劳工权益、环境保护和公平贸易等方面。
tenacity n. 顽强,执着,坚持;黏性
calm tenacity 沉着坚韧
process mindset 过程思维
Trust is pre-existing social capital 信任是预先存在的社会资本
with goal alignment 目标一致地
a strong long-term orientation 强烈的长期导向
quality assurance 质量保证
reputation management 声誉管理:
tacit knowledge 默知:通过个人经验获得的知识,而不是通过教育或书籍等途径获得的知识
tacit adj. 心照不宣的,不言而喻的,默示的
apprenticeship n. 学徒期;学徒身份
Nepotism n. 裙带关系;起用亲戚
informal apprenticeship 非正式学徒
preserves craftsmanship 保持工艺的精湛性
meritocracy n. 精英领导体制,精英管理的社会;精英领导阶级
undercut vt. 廉价出售;较便宜的工资工作;从下边削球;削弱;根除 vi. 底切;根切 n. 底切;牛腰部下侧嫩肉;砍口;切球
undercut meritocracy 削弱精英统治
spill over 溢出:指某物超出原本的范围或限制,流出或扩散到其他地方。
boardrooms n. 会议室;交换场所
hurts governance and accountability 损害了治理和问责机制
capital constraints 资金约束
succession risk 继承风险
succession n. 连续不断的人(物);继任,继承,继承权;交替,更迭;(地质)(地层的)次序,生长顺序
scaling up 升级换代:扩大规模、增加规模或提升规模。在商业或科技领域,通常指的是将某个产品、服务或流程从小规模应用扩展到更大规模的操作。
professionalization n. 专业化;职业化
I suppose the model works best when
install clear governance structures, 建立透明的治理架构
invite independent advisors 邀请独立顾问
separate ownership 分别所有权:指不同的个人或实体拥有不同的财产或资产,彼此之间没有共同的所有权或责任。
day-to-day management 日常管理:指对日常事务和运营的管理和处理。
separate ownership from day-to-day management 将所有权与日常管理相分离
policy literacy 政策素养
regulatory compliance 合规性:指企业或组织在法律、法规和政策要求下遵守相关规定的程度。
due diligence 尽职调查:在商业交易之前对公司或组织进行的研究和分析工作,以确保做出明智的决策。
value proposition 价值主张:一个组织的产品或服务所提供的利益(例如利润或便利)。
gut feeling 直觉或本能反应,没有逻辑理由的即时或基本感觉或反应
falsifiable hypotheses 可证伪的假设
track unit economics 追踪单位经济效益
customer acquisition costs 客户获取成本:指企业为吸引和获得新客户而支付的成本,通常包括市场营销、广告和促销活动等费用。
acquisition n. 学得,习得;(金钱、财物等的)获取;购买,添置,增添物;收购,购置的产业
supply-chain reliability
operational discipline
volatile
scale sustainably 可持续发展规模
more likely to scale sustainably 更有可能实现可持续发展
consistent execution 持续执行:在一段时间内,按照既定计划或标准进行连续的行动或实施。
a healthy cash conversion cycle 健康的现金周转周期
conversion n. 转变,转换;(宗教或信仰的)改变,归附;侵权行为,非法挪用(或侵吞);改建的房屋;(达阵后的)附加得分
gravitate toward large companies
established manufacturers 老牌制造商
structured career paths 结构化的职业发展路径
fairly comprehensive benefits packages 相当全面的福利套餐
the brand signalling 品牌标识作用
enhances one’s professional credibility 提升个人的职业信誉
In practice 实际上,实际操作中
provide systematic training 提供系统性的培训
clear performance metrics 明确的绩效指标
exposure to cross-functional projects, 参与跨职能项目的经验
reassuring adj. 使人安心的,使人放心的 v. 使放心,使消除疑虑(reassure 的现在分词)
bureaucracy n. 官僚制度,官僚机构,官僚作风;官僚,政府官员
slower decision cycles 更缓慢的决策周期
the trade-off is bureaucracy and slower decision cycles. 其代价在于增加了管理成本以及决策周期变长的问题。
gain stability 增益稳定性,增益稳定
lose autonomy 失去自主权
access to cutting-edge equipment 使用尖端设备的权限 (这里access是名词,“使用权”
rigorous quality assurance 严格的质量保证
perceived adj. 感知到的;感观的 v. 感知;认为;领会(perceive 的过去式和过去分词)
risk-adjusted 风险调整的
entry-level adj. 入门的;初级的;最低阶层的;适合于初学者的
candidates
the perceived risk-adjusted return 所感知的风险调整后收益
globalization n. 全球化;传播,流传,趋同化
词汇 音标 含义
broadly beneficial
conditional on governance 取决于治理情况
knowledge diffusion 知识扩散
economies of scale 规模经济:指由于大规模生产和销售商品而导致的生产成本降低,例如能够以较低的价格购买大量材料的能力。
consumer welfare 消费者福利
wider choice 更广泛的选择:指可供选择的范围更加广泛,更多样化。
repositories
open repositories 开放式存储库;公开资料库
replicate /ˈrep.lɪ.keɪt/ — 复制;重复;再现
benchmark n. 基准;参照标准;v. 以…为基准进行比较;测试(性能)
spillover /ˈspɪlˌəʊ.vər/ — n. 溢出;外溢效应;(情感或影响的)扩散
collaborative spillover n. 协作外溢效应;合作带来的扩散影响
externality n. 外在性;外形;外部事物; 外部效应
polarization n. 极化;偏振;两极分化
income polarization n. 收入两极分化
dislocation n. 转位;混乱;[医] 脱臼
labour dislocation n. 劳动力错位;劳动转移;就业结构失衡
carbon footprint n. 碳足迹;碳排放量
extended supply chains. n. 扩展供应链;延伸供应链
active adj. 好动的;积极主动的;定期进行的,起作用的;(思想等)活跃的;切实的;(火山)活的;主动语态的;活性的;(疾病)恶化的;服役的;参战的;(动词)表动作的;(电路系统)在运转中的
carbon pricing 碳定价
due-diligence 尽职调查:在商业交易之前对公司或组织进行的研究和分析工作,以确保做出明智的决策。
convert v. (使)转变,(使)转换;(使)改变信仰,(使)皈依;(达阵后)得附加分;使……迷上,使……热衷于 n. 皈依宗教者,改变信仰者;刚迷上……的人,最近开始热衷于……的人
a diffuse set of 一组分散的;零散的
inclusive adj. 包容广阔的;包括一切费用在内的;包括的,包含的;无性别歧视的;对外开放的
inclusive outcome 包容性结果
inclusive adj. 包容广阔的;包括一切费用在内的;包括的,包含的;无性别歧视的;对外开放的
destiny n. 命运,定数;天意,命运之神
keep pace 并驾齐驱;齐步并进
redistribution n. [经] 重新分配