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A-Level Business · ⁨A-Level 商業⁩

Tips · ⁨ヒント⁩

A-Level Business (9609) covers five areas — business and its environment, human resources, marketing, operations, and finance and accounting — first at AS, then again at A2, where you look at the same five strategically rather than descriptively.

Almost every mark above the first is contextual. The case study is not decoration: an answer about "a business" earns the knowledge mark and stops. The same answer tied to that company's margins, market or workforce also earns application and analysis.

The top band always wants a judgement with a reason, not a list of advantages and disadvantages.

  • 1

    Business and its environment · ⁨ビジネスとその環境⁩

    Watch lesson · ⁨レッスンを視聴⁩
    1.1

    Why businesses exist · ⁨企業の存在理由⁩

    Syllabus · ⁨シラバス⁩
    English
    1. explain the purpose of business activity, the concept of adding value and the role of the entrepreneur and intrapreneur
    2. explain the characteristics of successful entrepreneurs and the importance of enterprise to a country (business start-ups)
    3. explain the contents and purpose of a business plan
    日本語
    1. ビジネス活動の目的、付加価値の概念、そして**起業家(entrepreneur)およびイントラプレナー(intrapreneur)**の役割について説明する
    2. 成功した起業家の特徴と、**企業(ビジネス創出)**が国にとって重要である理由を説明する
    3. 事業計画の内容と目的を説明する

    Source: Cambridge International syllabus · ⁨出典: Cambridge International シラバス⁩

    English

    People have needs 需要 (things you must have, like food and shelter) and wants 欲望 (things you would like, like a phone or a holiday). A business exists to meet these needs and wants by making goods 商品 and services 服务.

    To do this, a business uses resources 资源. We sort resources into four factors of production 生产要素:

    • land 土地 — natural things, such as soil, water and minerals.
    • labour 劳动力 — the work done by people.
    • capital 资本 — the machines, tools, buildings and money used to produce.
    • enterprise 创业精神 — the skill of bringing the other three together and taking the risk 风险 to start a business.

    Resources are scarce 稀缺 — there are not enough to meet everyone's wants. So every business must choose how to use them well.

    日本語

    人々には必要(食物や住居など必須のもの)と欲求(電話や旅行など欲しいもの)がある。企業はこれらの必要と欲求を満たすために、商品やサービスを提供する存在である。

    商店街で競合する店舗の風景
    商店街で競合する店舗 — 企業が活動する市場

    この目的を果たすため、企業は資源を用いる。資源は4つの生産要素に分類される:

    • 土地 — 土壌、水、鉱物などの自然物。
    • 労働 — 人間が行う作業。
    • 資本 — 生産に使用される機械、工具、建物、資金。
    • 起業家精神 — 他の3つを統合する能力と、企業を立ち上げるためのリスクを取ること。
    土地、労働、資本、起業家精神という4つの投入要素が企業によって統合され、商品とサービスを生み出すことを示す図解
    土地、労働、資本、起業家精神は、企業が商品とサービスを生み出すために統合する4つの生産要素である

    資源は希少である:すべての人の欲求を満たすには不十分である。したがって、すべての企業は資源をどのように効率的に使用するかの選択を迫られる。

    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    needs/niːdz/ 必要とする
    wants/wɒnts/ ニーズ
    goods/ɡʊdz/ 商品
    services/ˈsɜːvɪsɪz/ サービス
    resources/rɪˈzɔːsɪz/ 資源
    factors of production/ˈfæktəz ɒv prəˈdʌkʃn/ 生産要因
    land/lænd/ 土地
    labour/ˈleɪbə/ 労働力
    capital/ˈkæpɪtl/ 資本
    1.1

    Adding value · ⁨付加価値⁩

    English

    Adding value 增值 means the selling price of a product is higher than the cost of the inputs 投入 (the bought-in materials) used to make it.

    $$\text{value added} = \text{selling price} - \text{cost of bought-in materials}$$

    A business can add value by branding 品牌, better quality, good design, fast service, or convenience. More value added can mean more profit 利润, but only if costs stay under control.

    日本語

    付加価値とは、製品の販売価格が、製造に用いた投入品(購入材)の原価より高い状態を指す。

    $$\text{value added} = \text{selling price} - \text{cost of bought-in materials}$$
    積み上げ棒グラフ:下部に入力材の原価、上部に付加価値、全体で販売価格を表す
    付加価値は販売価格から購入資材費を差し引いた額

    ビジネスは、ブランド化、より高い品質、優れたデザイン、迅速なサービス、または利便性によって付加価値を生み出すことができます。付加価値が増えれば利益も増えますが、コストが管理範囲内に収まっている場合に限られます。

    Explore · ⁨探索⁩

    Value added lab · ⁨付加価値ラボ⁩

    Change the bought-in cost, the selling price and other costs to see exactly where value added — and profit — come from. · ⁨仕入コスト、販売価格、その他のコストを変化させ、付加価値と利益の exact な源泉を特定せよ。⁩

    1.1

    Entrepreneurs and intrapreneurs · ⁨エンタープライザーとイントラプレナー⁩

    English

    An entrepreneur 企业家 is a person who takes the risk to set up and run a business. They have the idea, organise the factors of production, and make the decisions. If the business fails, they can lose their money.

    An intrapreneur 内部创业者 is an employee inside a larger business who acts like an entrepreneur. They build new ideas, products or ways of working, using the company's resources.

    Characteristics of successful entrepreneurs

    Successful entrepreneurs are usually:

    • innovative 有创新精神的 — full of new ideas.
    • willing to take risks, but in a careful way.
    • hard-working and determined 有决心的 — they do not give up easily.
    • self-confident 自信的 and good at making decisions.
    • good leaders who can plan ahead and manage money.

    Why enterprise matters to a country

    When people start new businesses (business start-ups 初创企业), the whole country can gain:

    • new jobs are created, which lowers unemployment 失业.
    • more goods and services are made, which raises output 产出 (and the country's GDP 国内生产总值).
    • more competition 竞争, giving customers lower prices and more choice.
    • some firms grow and export 出口, bringing money into the country.
    • economic growth 经济增长 and a higher standard of living.
    日本語

    **エンタープライザー(起業家)**とは、リスクを負って事業を設立し運営する人物のことです。彼らはアイデアを持ち、生産要因を組織化し、意思決定を行います。事業に失敗すれば、資金を失う可能性があります。

    イントラプレナーとは、大企業に所属する従業員の中で、Entrepreneurのように行動する人を指します。会社資源を活用して、新しいアイデアや製品、業務方法の構築を行います。

    「OPEN」サインとメニューを掲げた鮮やかな色で塗られたストリートフードトラック、窓で注文する2人の顧客
    フードトラックは目に見えるEnterpriseです。オーナーは市場の隙間を見出し、自らの貯金でバンと在庫に投資しました。そして毎日経営のリスクを取り続ける——これがEntrepreneurの本質です

    成功するエンタープライザーの特徴

    成功するエンタープライザーは一般的に以下のような特徴を持っています:

    • 革新的である —— 新しいアイデアに溢れている。
    • リスクを取る意欲はあるが、慎重に行う。
    • 勤勉であり、意志坚定である —— あきらめにくい。
    • 自信があり、意思決定が上手い。
    • 将来を見据えた計画立案と資金管理ができる、優秀なリーダー。

    Enterpriseが国にとって重要な理由

    人々が新たな事業を立ち上げる(ビジネス・スタートアップ)とき、国全体が以下のような恩恵を受けます:

    • 新規求人が生まれることで、失業率が低下する。
    • 商品やサービスの供給量が増加し、生産額(および国のGDP)が向上する。
    • 競争が活発になり、消費者はより低い価格と多様な選択肢を得られる。
    • 一部の企業が成長し、輸出を行うことで国内への資金流入が生じる。
    • 経済成長と生活水準の向上。
    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    enterprise/ˈentəpraɪz/ 起業家精神
    risk/rɪsk/ リスク
    scarce/skeəs/ 希少である
    adding value/ˈædɪŋ ˈvæljuː/ 付加価値の創出
    inputs/ˈɪnpʊts/ 投入要素
    branding/ˈbrændɪŋ/ ブランディング
    entrepreneur/ˌɒntrɪprəˈnjʊə/ 起業家
    intrapreneur/ˌɪntrəprəˈnjʊə/ イントラプレneur
    innovative/ˈɪnəveɪtɪv/ 革新的な
    determined/dɪˈtɜːmɪnd/ determined
    self-confident/self ˈkɒnfɪdənt/ 自信に満ちた
    business start-ups/ˈbɪznəs stɑːt ʌps/ 新規事業
    unemployment/ʌnemˈplɔɪmənt/ 失業とのトレードオフを示す
    output/ˈaʊtpʊt/ 出力
    GDP/ˌdʒiː diː ˈpiː/ GDP
    competition/ˌkɒmpəˈtɪʃn/ 競争
    export/ˈekspɔːt/ 輸出
    economic growth/ˌiːkəˈnɒmɪk ɡrəʊθ/ 経済成長である
    business plan/ˈbɪznəs plæn/ ビジネスプラン
    cash-flow forecast/kæʃ fləʊ ˈfɔːkæst/ キャッシュフロー予測
    finance/ˈfaɪnæns/ 金融
    investor/ɪnˈvestə/ 投資家
    primary sector/ˈpraɪməri ˈsektə/ 一次産業
    secondary sector/ˈsekəndəri ˈsektə/ 二次産業
    tertiary sector/ˈtɜːʃjəri ˈsektə/ 三次産業
    quaternary sector/kwəˈtɜːnəri ˈsektə/ 四次産業
    raw materials/rɔː məˈtɪərɪəlz/ 原材料
    manufacture/ˌmænjuːˈfæktʃə/ 製造
    private sector/ˈpraɪvət ˈsektə/ 民間部門
    public sector/ˈpʌblɪk ˈsektə/ 公共部門
    sole trader/səʊl ˈtreɪdə/ 個人事業主
    partnership/ˈpɑːtnəʃɪp/ 組合せ
    deed of partnership/diːd ɒv ˈpɑːtnəʃɪp/ 共同契約書
    1.1

    The business plan · ⁨ビジネスプラン⁩

    English

    A business plan 商业计划书 is a written document that describes the business idea and how it will work. It usually contains:

    Part of the plan What it covers
    The idea the product, and what makes it different
    The market target customers, market size, competitors
    Marketing price, promotion and place
    Operations how the product is made or delivered
    Finance start-up costs, a cash-flow forecast 现金流量预测, expected profit
    People the owners and key staff

    A business plan is useful because it helps the owner:

    • get finance 融资 from a bank or an investor 投资者.
    • set clear goals and lower the risk of failure.
    • guide decisions as the business grows.
    日本語

    ビジネスプランとは、ビジネスのアイデアとそれがどのように機能するかを記述した文書です。通常、以下を含みます:

    プランの構成要素 内容
    アイディア 製品、および他との差別点
    マーケット ターゲット顧客、市場規模、競合他社
    マーケティング 価格、プロモーション、場所
    オペレーション 製品の製造または配送方法
    ファイナンス 創業費用、キャッシュ・フロー予測、予想利益
    人材 オーナーおよび主要スタッフ

    ビジネスプランは有用です。なぜなら、オーナーが以下を手伝うからです:

    • バンクや投資家から資金を調達すること。
    • 明確な目標を設定し、失敗の可能性を低くすること。
    • 事業が成長する過程での意思決定を導くこと。
    1.2

    Sectors of business activity · ⁨産業部門⁩

    Syllabus · ⁨シラバス⁩
    English
    1. explain the classification of business activity (primary, secondary, tertiary, quaternary sectors) and the private and public sectors
    2. describe the legal structure of business: sole trader, partnership, private and public limited company, franchise, joint venture, social enterprise
    3. explain limited and unlimited liability
    日本語
    1. 商業活動の分類(一次産業、二次産業、三次産業、四次産業)および私的部門と公的部門を説明する
    2. 企業の法的構造:個人経営者、合名会社・合同会社、非公開有限会社・公開有限会社、フランチャイズ、合弁事業、ソーシャルエンタープライズについて説明する
    3. 有限責任および無限責任を説明する

    Source: Cambridge International syllabus · ⁨出典: Cambridge International シラバス⁩

    English

    Every business works in one of four sectors:

    Sector What it does Example
    primary sector 第一产业 takes raw materials from nature farming, mining, fishing
    secondary sector 第二产业 makes (manufactures) goods car factory, baker
    tertiary sector 第三产业 provides services shops, banks, transport
    quaternary sector 第四产业 knowledge and information services research, IT, consulting

    Here raw materials 原材料 are the natural inputs a business starts with, and to manufacture 制造 means to make goods in large amounts. As a country develops, it usually moves from mostly primary work towards more tertiary and quaternary work.

    日本語

    すべてのビジネスは、以下の4つのセクターのいずれかに属します:

    セクター 役割 例
    一次産業 自然からの原材料の採取 農業、鉱業、漁業
    二次産業 商品の製造 自動車工場、パン屋
    三次産業 サービスの提供 店舗、銀行、輸送
    四次産業 知識・情報サービス 研究開発、IT、コンサルティング
    一列に並んだ4つのボックス——一次、二次、三次、四次産業——矢印で結ばれ、各下に例が記載
    ビジネス活動は一次産業から四次産業まで継続されます

    ここで原材料とは、ビジネスが当初使用する天然資源を指し、製造とは大量に商品を作ることを意味します。国が発展するにつれて、主に一次産業から、より多くの三次産業および四次産業へ移行することが一般的です。

    Explore · ⁨探索⁩

    Classify business activity · ⁨ビジネス活動の分類⁩

    Sort real firms by the sector they mainly belong to. · ⁨実際の企業を主な所属セクターに基づいて分類せよ。⁩

    1.2

    Private and public sectors · ⁨民間部門と公的部門⁩

    English
    • The private sector 私营部门 is made up of businesses owned by private people. Their main aim is usually profit.
    • The public sector 公共部门 is made up of organisations owned by the government, such as state schools and public hospitals. Their aim is usually to provide a service, not to make profit.
    日本語
    • 民間部門は、私人が所有する企業で構成されています。主な目的は通常、利益追求です。
    • 公的部門は、政府が所有する組織で構成されており、公立学校や公立病院などが該当します。主な目的は通常、サービス提供であり、利益追求ではありません。
    1.2

    Legal structures of business · ⁨企業の法的形態⁩

    English

    A business must choose a legal form. The main ones are below.

    • A sole trader 个体经营者 is owned by one person. It is easy to set up and the owner keeps all the profit, but raising money is hard.
    • A partnership 合伙企业 is owned by two or more partners who share the work and profit. They often sign a deed of partnership 合伙协议 that sets out each partner's share.
    • A private limited company 私人有限公司 (Ltd) sells shares 股份 to a small group, such as family and friends. Its owners are shareholders 股东. Its shares are not sold to the public.
    • A public limited company 上市公司 (plc) sells its shares to the public on the stock exchange 证券交易所. It can raise large amounts of money, but it must follow more rules and faces the risk of a takeover 收购.
    • A franchise 特许经营 lets one firm use another firm's brand and business model. The franchisor 特许方 owns the brand; the franchisee 加盟方 pays a fee and a royalty 提成 to run a branch.
    • A joint venture 合资企业 is when two businesses join to run one project and share the costs and risks.
    • A social enterprise 社会企业 trades like a normal business but aims to do social or environmental 环境 good, and reinvests most of its profit.
    日本語
    近代的な本社ビル
    本社の例:企業は個人事業主から巨大な公開持株会社まで多様です。

    企業は法的形式を選択する必要があります。主なものは以下の通りです。

    • 個人事業主(ソールトレーダー) は、1人の所有者によるものです。設立は容易で、全利潤を維持できますが、資金調達は困難です。
    • 共同事業(パートナーシップ) は、2人以上のパートナーが共有するもので、仕事と利潤を分担します。彼らはしばしば、各パートナーの出資比率を定めたパートナーシップ契約書に署名します。
    • 非公開持株会社(Private Limited Company / Ltd) は、家族や友人などの限られたグループに対して株式を販売します。所有者は株主と呼ばれます。その株式は一般に公開されていません。
    • 公開持株会社(Public Limited Company / plc) は、その株式を証券取引所を通じて一般に販売します。巨額の資金調達が可能ですが、より多くの規則に従わなければならず、買収のリスクに直面します。
    • フランチャイズは、ある企業が別の企業のブランドとビジネスモデルを使用することを許す仕組みです。フランチャイザー(出店者) がブランドを所有し、フランチャイジー(加盟店) は支店を運営するために料金とロイヤリティを支払います。
    • ジョイントベンチャーとは、2つの企業が联手して1つのプロジェクトを運営し、コストとリスクを共有することです。
    • 社会企業(Social Enterprise) は、通常の企業のように取引を行いますが、社会的または環境的な貢献を目的とし、利潤の大部分を再投資します。
    事業の法的形態を分類する木:無組合せ(個人事業主、合名会社)で無限責任、および組合せ(非公開株式会社、公開持株会社)で有限責任に分類
    責任に基づく法的形態の区分:未法人化(無限責任)と法人化(有限責任)
    Explore · ⁨探索⁩

    Choose the ownership form · ⁨所有形態を選択する⁩

    Compare ownership, control and liability in real business types. · ⁨実際のビジネスタイプにおける所有、管理、責任を比較せよ。⁩

    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    private limited company/ˈpraɪvət ˈlɪmɪtɪd ˈkʌmpəni/ 有限会社
    shares/ʃeəz/ 株式
    shareholders/ˈʃeəhəʊldəz/ 株主
    public limited company/ˈpʌblɪk ˈlɪmɪtɪd ˈkʌmpəni/ 株式会社
    stock exchange/stɒk eksˈtʃeɪndʒ/ 証券取引所
    takeover/ˈteɪkəʊvə/ 買収
    franchise/ˈfræntʃaɪz/ フランチャイズ
    franchisor/ˈfræntʃaɪzə/ フランチャイザー
    franchisee/ˈfræntʃɪsiː/ フランチャイジー
    royalty/ˈrɔɪəlti/ ロイヤリティ
    joint venture/dʒɔɪnt ˈventʃə/ 合弁事業
    social enterprise/ˈsəʊʃl ˈentəpraɪz/ 社会企業
    environmental/enˌvaɪrənˈmentl/ 環境的
    1.2

    Limited and unlimited liability · ⁨有限責任と無限責任⁩

    English

    Liability 责任 means who must pay the business's debts 债务 if it cannot pay them itself.

    • limited liability 有限责任 — the owners can only lose the money they put in. Their personal things, like a house or car, are safe. Companies have limited liability.
    • unlimited liability 无限责任 — the owners are personally responsible for all the debts. They could lose personal things. Sole traders and most partnerships have unlimited liability.

    A company is a separate legal identity 独立法人 — it can own things, owe money, and be taken to court in its own name, apart from its owners.

    日本語

    責任(Liability) とは、企業が自身で債務を支払えない場合に、誰が負債を支払う必要があるかを指します。

    • 有限責任 — 所有者が損失を被るのは出資した金額のみである。住宅や車などの個人資産は保護される。株式会社の所有権には有限責任がある。
    • 無限責任 — 所有者がすべての債務に対して個人的に責任を負う。個人資産を失う可能性がある。個人事業主の多くと、提携組合の多くは無限責任を持つ。

    株式会社は別個の法的人格を持つ——所有者とは別に、自身の名義で資産を所有し、負債を抱え、裁判にかけられることができる。

    株式会社における有限責任は出資金のみがリスクとなり個人資産は安全ですが、個人事業主や提携組合における無限責任は所有者の個人資産(住宅や車)もリスクとなります
    有限責任は出資金のみがリスクとなり、無限責任は所有者の個人資産もリスクとなる
    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    liability/ˌlaɪəˈbɪlɪti/ 負債
    debts/dets/ 債務
    limited liability/ˈlɪmɪtɪd ˌlaɪəˈbɪlɪti/ 有限責任がある
    unlimited liability/ʌnˈlɪmɪtɪd ˌlaɪəˈbɪlɪti/ 無限責任がある
    separate legal identity/ˈseprət ˈliːɡl aɪˈdentɪti/ 独立した法的実体
    employees/emˈplɔɪiːz/ 従業員
    revenue/ˈrevənjuː/ 収益
    capital employed/ˈkæpɪtl emˈplɔɪd/ 使用資本
    1.3

    The size of a business · ⁨企業の規模⁩

    Syllabus · ⁨シラバス⁩
    English
    1. explain how the size of a business is measured and the significance of small businesses
    2. explain internal and external growth (mergers and takeovers — horizontal, vertical, conglomerate) and the reasons for and problems of growth
    3. explain economies and diseconomies of scale
    日本語
    1. 企業の規模の測り方と、中小企業の意義を説明する
    2. 内部成長および外部成長(合併および買収 — 水平統合、垂直統合、混同統合)の説明、成長の動機および課題を説明する
    3. 規模の経済および規模の不経済を説明する

    Source: Cambridge International syllabus · ⁨出典: Cambridge International シラバス⁩

    English
    Economies of scale: average cost falls

    There is no single best way to measure how big a business is. Common measures are:

    • the number of employees 员工.
    • revenue 营业收入 (also called sales turnover) — the value of what it sells.
    • capital employed 所用资本 — the total money invested in the business.
    • market share 市场份额 — the firm's sales as a percentage of the whole market.
    • market capitalisation 市值 — the total value of a company's shares (for a plc).

    Different measures can give different answers, so it is best to use more than one.

    Why small businesses matter

    Small businesses create jobs, serve local communities 社区, give personal service, react quickly to change, bring new ideas, and supply parts and services to large firms.

    日本語
    规模の経済:平均原価が低下する

    企業の規模を測定する唯一の最良の方法はありません。一般的な測定基準は以下の通りです:

    • 従業員数。
    • 売上高(販売転換とも呼ばれる)— 販売物の価値。
    • 総投資額 — 企業に投資された総額。
    • 市場シェア — 市場全体に対する企業の販売比率(パーセンテージ)。
    • 時価総額 — 上場会社(PLC)の株式総額の価値。

    異なる測定基準により結果が異なることがあるため、複数の基準を使用するのが最適です。

    企業の規模を測定する5つの方法:従業員数、売上高、総投資額、市場シェア、時価総額
    企業の規模を測る5つの方法;複数使用する

    中小企業の重要性

    中小企業は雇用を生み出し、地元のコミュニティに奉仕し、個別サービスを提供し、変化に素早く反応し、新しいアイデアをもたらすとともに、大企業への部品の供給やサービス提供を行う。

    Explore · ⁨探索⁩

    Business case lab · ⁨ビジネスケースラボ⁩

    Classify real decisions so the main business concept becomes concrete. · ⁨実際の意思決定を分類し、主要なビジネス概念を具体的に示す。⁩

    Watch lesson · ⁨レッスンを視聴⁩
    1.3

    Business growth · ⁨企業の成長⁩

    English

    A business can grow in two ways.

    Internal growth 内部增长 (organic growth) — the business grows by itself: selling more, opening new branches, or adding new products. It is slower but lower risk.

    External growth 外部增长 — the business joins with another firm. This is called integration 整合, and it happens by:

    • a merger 合并 — two firms agree to join together as one.
    • a takeover — one firm buys control of another.

    There are three types of integration:

    • horizontal integration 横向整合 — joining a firm at the same stage in the same industry (e.g. two car makers).
    • vertical integration 纵向整合 — joining a firm at a different stage in the same industry. Forward integration 前向整合 is towards the customer (e.g. buying a shop); backward integration 后向整合 is towards the supplier (e.g. buying a parts maker).
    • conglomerate integration 混合整合 — joining a firm in a completely different industry. This spreads risk, which is called diversification 多元化.

    Firms grow to lower their costs, win a bigger market share and more market power 市场支配力, raise profit, and spread risk. But growth also brings problems: higher average costs, harder management and communication, different company cultures 企业文化 that may clash, and a need for a lot of finance.

    日本語

    企業は2つの方法で成長できる。

    内発的成長(有機成長)— 企業が独自に成長する:より多くの販売、新店舗の開設、または新製品の追加によるもの。成長速度は遅いもののリスクは低い。

    外発的成長 — 他社との統合によるもの。これを統合と呼び、以下のように行われる:

    • 合併 — 2社が合意して1つに結合する。
    • 買収 — 1社が他社の支配権を購入する。

    統合には3つの種類がある:

    • 水平統合 — 同一産業内で同じ段階にある他社との結合(例:自動車メーカー同士の結合)。
    • 垂直統合 — 同一産業内で異なる段階にある他社との結合。後方統合は顧客側へ向かう(例:店舗の買収)、前方統合はサプライヤー側へ向かう(例:部品メーカーの買収)。
    • コンglomeration統合 — 全く異なる産業の他社との結合。これによりリスク分散が可能となり、これを多角化と呼ぶ。
    水平統合(同一段階)、垂直統合(同一産業内の異なる段階)、コンglomeration統合(異なる産業)を示す3組の中小企業
    1社が他社と統合する際の3種類の統合

    企業はコスト削減、より大きな市場シェアと市場力の獲得、利益の向上、リスク分散のために成長する。しかし、成長には問題も伴う:平均原価の上昇、管理およびコミュニケーションの困難化、衝突する可能性のある異なる企業文化、そして大量の資金調達の必要性。

    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    integration/ˌɪntɪˈɡreɪʃn/ integration
    merger/ˈmɜːdʒə/ 合併(merger)
    horizontal integration/ˌhɒrɪˈzɒntl ˌɪntɪˈɡreɪʃn/ 水平統合
    vertical integration/ˈvɜːtɪkl ˌɪntɪˈɡreɪʃn/ 垂直統合
    forward integration/ˈfɔːwəd ˌɪntɪˈɡreɪʃn/ 後方統合
    backward integration/ˈbækwəd ˌɪntɪˈɡreɪʃn/ 前方統合
    conglomerate integration/kənˈɡlɒməreɪt ˌɪntɪˈɡreɪʃn/ コンglomレート統合
    diversification/daɪˌvɜːsɪfɪˈkeɪʃn/ 多角化
    market power/ˈmɑːkɪt ˈpaʊə/ 市場力
    company culture/ˈkʌmpəni ˈkʌltʃə/ 企業文化
    1.3

    Economies and diseconomies of scale · ⁨规模の経済と不経済⁩

    English

    Economies of scale 规模经济 are the cost savings a business gets as it grows larger. The average cost 平均成本 of each unit falls as output rises. The main types are:

    Type How it lowers cost
    purchasing buying in bulk 大批量 earns discounts
    technical large machines are more efficient
    financial large firms borrow at lower interest 利息
    managerial the firm can employ expert specialist managers
    marketing advertising cost is spread over more units

    Diseconomies of scale 规模不经济 happen when a firm grows too big and the average cost starts to rise again. The usual causes are:

    • communication 沟通 becomes slow and unclear.
    • the coordination 协调 of many departments is hard.
    • workers may feel unimportant and lose motivation 激励.

    Worked example. A factory making 10,000 units has fixed costs of £200,000 and variable costs of £6 per unit. It expands to 50,000 units, and bulk buying cuts the variable cost to £5. Find the unit cost at each output and explain the fall. Unit cost = total cost ÷ output. At 10,000: total = 200,000 + (10,000 × 6) = £260,000, so the unit cost is 260,000 ÷ 10,000 = £26. At 50,000: total = 200,000 + (50,000 × 5) = £450,000, so the unit cost is 450,000 ÷ 50,000 = £9. Two economies of scale are at work: the fixed costs are spread over far more units (£20 down to £4 each), and purchasing economies cut the variable cost. Note that the fixed cost total does not change - only the fixed cost per unit falls. Writing "fixed costs fall" is the error that loses the mark.

    日本語

    规模の経済とは、企業が拡大するにつれて得られるコスト節約効果である。単品あたり平均原価は生産量が増加すると低下する。主なタイプは以下の通り:

    タイプ コスト低減の仕組み
    購買 大量購入による割引
    技術 大型機械の効率性向上
    金融 大企業は低い金利で借入可能
    管理 専門的な経営者を採用可能
    マーケティング 広告費をより多くの単位に配分可能

    规模の不経済は、企業が過度に拡大し、平均原価が再び上昇し始めたときに発生する。主な原因は以下の通り:

    • コミュニケーションが遅くなり、不明瞭になる。
    • 多数の部署間の調整が困難になる。
    • 労働者が重要視されていないと感じてモチベーションを喪失する。
    U字型の平均原価曲線:左側(规模の経済)で低下し、最低点(最適な規模)を経て、右側(规模の不経済)で上昇する
    企業が拡大するにつれ、単品あたりの平均原価が低下(规模の経済)し、その後上昇(规模の不経済)する

    計算例。 10,000単位の製品を生産する工場は固定費が£200,000、変動費が単位あたり£6である。生産量を50,000単位に拡張し、大量購入により変動費が£5に削減された。各生産量における単品あたり原価を求め、低下の理由を説明せよ。単品あたり原価 = 総原価 ÷ 生産量。10,000単位のとき:総原価 = 200,000 + (10,000 × 6) = £260,000 なので、単品あたり原価は 260,000 ÷ 10,000 = £26 となる。50,000単位のとき:総原価 = 200,000 + (50,000 × 5) = £450,000 なので、単品あたり原価は 450,000 ÷ 50,000 = £9 となる。2つの规模の経済が働いている:固定費がはるかに多くの単位に配分されている(£20から£4へ)、および購買による规模の経済が変動費を削減している。なお、固定費の総額は変わらないこと、単に単位あたりの固定費が下がっていることに注意せよ。「固定費が下がる」と書くのは誤りであり、採点対象となる。

    Explore · ⁨探索⁩

    Economies of scale · ⁨規模の経済⁩

    y = ax² + bx + c

    Average cost falls then rises — economies, then diseconomies, of scale. · ⁨平均コストは下降してから上昇する — 規模の経済から規模の不経済へ移行する。⁩

    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    economies of scale/ɪˈkɒnəmiz ɒv skeɪl/ スケールメリット
    average cost/ˈævrɪdʒ kɒst/ 平均費用
    bulk/bʌlk/ 大量
    interest/ˈɪntrest/ 利子
    diseconomies of scale/ˌdɪsɪˈkɒnəmiz ɒv skeɪl/ 不経済の规模
    communication/kəˌmjuːnɪˈkeɪʃn/ 通信
    coordination/kəʊˈɔːdɪneɪʃn/ 並列
    motivation/ˌməʊtɪˈveɪʃn/ モチベーション
    mission statement/ˈmɪʃn ˈsteɪtmənt/ ミッションステートメント
    1.4

    Aims, objectives and mission · ⁨目的、目標、ミッション⁩

    Syllabus · ⁨シラバス⁩
    English
    1. explain the importance of, and influences on, business objectives (mission statement, aims, objectives, SMART objectives, strategy and tactics)
    2. explain objectives such as profit maximisation, growth, survival, social and ethical objectives and corporate social responsibility (CSR)
    日本語
    1. 企業の目標の重要性および影響要因(ミッションステートメント、目的、目標、SMART目標、戦略と戦術)を説明する
    2. 利益最大化、成長、生存、社会的・倫理的な目標および**企業社会的責任(CSR)**などの目標を説明する

    Source: Cambridge International syllabus · ⁨出典: Cambridge International シラバス⁩

    English

    A mission statement 使命宣言 is a short sentence that says why the business exists and what it wants to be. It guides everyone in the firm.

    From the mission come aims 目的 (broad, long-term goals), and then objectives 目标 (the specific targets that help reach the aims).

    Good objectives are SMART — the first letters of:

    • Specific 具体的 — clear and exact.
    • Measurable 可衡量的 — you can check it with numbers.
    • Achievable 可实现的 — it is possible to reach.
    • Realistic 现实的 — sensible for the resources you have.
    • Time-bound 有时限的 — it has a deadline.

    A strategy 战略 is the long-term plan to meet objectives. Tactics 策略 are the short-term actions that carry out the strategy. Objectives are shaped by the size and age of the firm, who owns it, the company culture, and conditions in the market.

    日本語

    ミッションステートメントとは、企業が何のために存在し、何を達成したいかを示す短い文章である。これは組織内のすべての人を導く。

    ミッションステートメントから目的(広範かつ長期的なゴール)が生まれ、そこから目標(目的達成に寄与する具体的なターゲット)が設定される。

    上から見た階層構造:広範な使命が目的、次に具体的なSMART目標、そして短期戦術へとつながる
    下に行くほど目標は狭く具体化していく:広範な使命が目的となり、SMART目標、さらに日常の戦術へと続く

    良い目標は SMART —— その頭文字は次の通り:

    • Specific(具体的) — 明確で正確。
    • Measurable(測定可能) — 数値で確認できる。
    • Achievable(達成可能) — 到達可能なもの。
    • Realistic(現実的) — 利用可能な資源に照らして妥当。
    • Time-bound(期限付き) — 締切がある。

    戦略(Strategy) は目標を達成するための長期計画である。戦術(Tactics) はその戦略を実行する短期行動である。目標は企業の規模や年齢、所有構造、企業文化、市場環境によって形成される。

    Explore · ⁨探索⁩

    Business objectives lab · ⁨事業目標ラベル⁩

    Match business examples to the objective they reveal. · ⁨事業例を、それが示す目標と対応させよ。⁩

    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    aims/eɪmz/ 目的
    objectives/ɒbˈdʒektɪvz/ 目的
    specific/spəˈsɪfɪk/ 特定の
    measurable/ˈmeʒərəbl/ 測定可能
    achievable/əˈtʃiːvəbl/ 達成可能
    realistic/rɪəˈlɪstɪk/ 現実的な
    time-bound/taɪm baʊnd/ 期限付き
    strategy/ˈstrætədʒi/ 戦略
    tactics/ˈtæktɪks/ 戦術
    1.4

    Types of business objective · ⁨事業目標の種類⁩

    English
    Objective What it means
    profit maximisation 利润最大化 making the largest possible profit
    growth getting bigger — more sales, more branches
    survival 生存 staying in business, vital for new firms and in hard times
    market share winning a larger share of the market
    social and ethical 道德 objectives doing what is morally right, such as fair pay

    Corporate social responsibility 企业社会责任 (CSR) is the idea that a business should act in the best interests of society and the environment, not just make profit. Examples are treating workers fairly, cutting pollution 污染, and helping the local community.

    A firm's objectives can change over time. A new firm may aim to survive; later it may aim to grow; a large, safe firm may focus on profit or CSR.

    日本語
    目標 意味
    利益最大化(Profit maximisation) 最大限の利益を得ること
    成長(Growth) 拡大すること — 売上増加、支店増
    生存(Survival) 経営を維持すること。新規企業や不況期において重要
    市場シェア(Market share) 市場におけるより大きなシェアを獲得すること
    社会的・倫理的目標(Social and ethical objectives) 道徳的に正しいことを行う。公平な賃金など
    良い目標のためのSMARTテスト:Specific, Measurable, Achievable, Realistic, Time-bound
    SMARTな目標:Specific(具体的)、Measurable(測定可能)、Achievable(達成可能)、Realistic(現実的)、Time-bound(期限付き)

    企業社会的責任(Corporate social responsibility: CSR) とは、企業が単に利益を追求するだけでなく、社会および環境の最善の利益のために行動すべきという考えである。例として、従業員への公正な待遇、汚染の削減、地域コミュニティへの貢献などが挙げられる。

    企業の目標は時間とともに変化することがある。新設企業は生存を目的とし、後に成長を目指す。大型で安定した企業は利益またはCSRに焦点を当てる可能性がある。

    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    profit/ˈprɒfɪt/ 利益
    market share/ˈmɑːkɪt ʃeə/ 市場シェア
    market capitalisation/ˈmɑːkɪt ˌkæpɪtəlaɪˈzeɪʃn/ 時価総額
    communities/kəˈmjuːnɪtiz/ コミュニティ
    internal growth/ɪnˈtɜːnl ɡrəʊθ/ 内部成長
    external growth/ekˈstɜːnl ɡrəʊθ/ 外部成長
    profit maximisation/ˈprɒfɪt ˌmæksɪmaɪˈzeɪʃn/ 利益最大化
    survival/səˈvaɪvl/ 生存
    ethical/ˈeθɪkl/ 倫理的
    corporate social responsibility/ˈkɔːpərət ˈsəʊʃl rɪˌspɒnsəˈbɪlɪti/ 企業の社会的責任
    pollution/pəˈluːʃn/ 汚染
    1.5

    Stakeholders · ⁨ステークホルダー⁩

    Syllabus · ⁨シラバス⁩
    English
    1. identify internal and external stakeholders and their objectives
    2. explain how and why the objectives of stakeholders may conflict and how conflicts can be managed
    日本語
    1. 内部ステークホルダーおよび外部ステークホルダーを特定し、その目標を説明する
    2. ステークホルダーの目標がなぜ、どのように衝突しうるか、そして紛争をどう管理できるかを説明する

    Source: Cambridge International syllabus · ⁨出典: Cambridge International シラバス⁩

    English

    A stakeholder 利益相关者 is any person or group with an interest in a business and how well it does.

    Internal stakeholders 内部利益相关者 are inside the business:

    • owners and shareholders — want profit and a good return.
    • managers 管理者 — want growth, job security and bonuses.
    • employees — want fair pay, safe work and job security.

    External stakeholders 外部利益相关者 are outside the business:

    Stakeholder Main objective
    customers 顾客 good quality at a fair price
    suppliers 供应商 regular orders, paid on time
    lenders 贷款方 (banks) to be repaid with interest
    the government tax, jobs, and that the firm obeys the law
    local community jobs, but little pollution or noise
    pressure groups 压力团体 to protect a cause, such as the environment

    Why stakeholder objectives conflict

    Stakeholders often want different things, so their objectives can conflict 冲突 (clash). For example:

    • owners want higher profit, but employees want higher pay — and higher pay lowers profit.
    • customers want low prices, but owners want a high profit margin.
    • the local community wants less pollution, but cutting pollution can raise costs.

    How conflict can be managed

    • keep good communication with every group.
    • compromise 妥协 — give each group part of what it wants.
    • negotiation 谈判 — talk until the groups reach an agreement.
    • decide which stakeholders matter most for each decision, and act on that.
    日本語

    ステークホルダーとは、企業の業務と業績に関心を持つすべての個人やグループのことである。

    中央に企業を配置し、内部ステークホルダー(所有者、管理者、従業員)および外部ステークホルダー(顧客、サプライヤー、貸手、政府、地域コミュニティ、圧力団体)に囲まれたステークホルダーマップ
    内部および外部のステークホルダーはすべて、事業に関心を持っています

    内部ステークホルダーは企業内に存在する:

    • 所有者および株主 — 利益と良好なリターンを望む。
    • 管理者 — 成長、雇用保障、ボーナスを望む。
    • 従業員 — 公平な賃金、安全な職場、雇用保障を望む。

    外部ステークホルダーは企業外に存在する:

    ステークホルダー 主な目標
    顧客 適正価格での高品質
    サプライヤー 定期発注、時価払い
    貸手(銀行) 利子を伴う返済
    政府 税金、雇用、法令遵守
    地域コミュニティ 雇用、ただし汚染や騒音は少ない
    圧力団体 環境のような特定の Cause を守る

    ステークホルダー目標の対立について

    ステークホルダーは異なる要求をするため、目標同士が 衝突(conflict) することがある。例えば:

    • 所有者は高い利益を望むが、従業員は高い賃金を望む — かつ高い賃金は利益を低下させる。
    • 顧客は低価格を望むが、所有者は高い利益率を望む。
    • 地域コミュニティは汚染減少を望むが、汚染削減はコスト上昇を招く可能性がある。

    対立の管理方法

    • 各グループとの良好なコミュニケーションを維持する。
    • 妥協(Compromise) — 各グループに求めるものを部分的に満たす。
    • 交渉(Negotiation) — 合意に至るまで話し合う。
    • 各決定において最も重要なステークホルダーを決定し、それに基づいて行動する。
    Explore · ⁨探索⁩

    Stakeholder interest lab · ⁨ステークホルダー関心ラベル⁩

    See how different stakeholders judge the same business decision. · ⁨異なるステークホルダーが同じ事業判断をどう評価するかを確認する。⁩

    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    stakeholder/ˈsteɪkhəʊldə/ ステークホルダー
    internal stakeholders/ɪnˈtɜːnl ˈsteɪkhəʊldəz/ 内部ステークホルダー
    external stakeholders/ekˈstɜːnl ˈsteɪkhəʊldəz/ 外部ステークホルダー
    managers/ˈmænɪdʒəz/ 管理者
    customers/ˈkʌstəməz/ 顧客
    suppliers/səˈplaɪəz/ サプライヤー
    lenders/ˈlendəz/ 貸手
    pressure groups/ˈpreʃə ɡruːps/ 圧力集団
    conflict/ˈkɒnflɪkt/ 矛盾する
    compromise/ˈkɒmprəmaɪz/ 妥協
    negotiation/nɪˌɡəʊʃɪˈeɪʃn/ 交渉
    1.5

    Exam tips · ⁨試験対策⁩

    English
    • Define added value $=$ selling price $-$ cost of bought-in inputs, and give a way to raise it (branding, quality, design).
    • Distinguish unlimited vs limited liability and link it to sole trader/partnership versus Ltd/plc.
    • Measure business size in more than one way (employees, revenue, capital employed, market share) — note each has limits.
    • Distinguish objectives (SMART, specific) from a mission (overall purpose).
    • In evaluation, use stakeholder conflicts (owners vs employees vs community) to argue both sides.
    日本語
    • 付加価値(Added value) $=$ 販売価格 $-$ 購入投入財のコスト、およびそれを高める方法(ブランディング、品質、デザイン)を定義する。
    • 無限責任 vs 有限責任 を区別し、個人事業主/合名会社 versus Ltd/plc に関連付ける。
    • 企業の規模を複数の方法で測定する(従業員数、売上高、投下資本、市場シェア) — 各指標には限界があることに注意する。
    • 目標(SMART、具体的)と使命(Mission)(全体的な目的)を区別する。
    • 評価において、ステークホルダーの対立(所有者 vs 従業員 vs 地域コミュニティ)を用いて双方の立場を議論する。
  • 2

    Human resource management · ⁨人事管理⁩

    Watch lesson · ⁨レッスンを視聴⁩
    2.1

    What human resource management does

    Syllabus · ⁨シラバス⁩
    English
    1. explain the purpose and roles of human resource management (HRM): workforce planning, recruitment and selection, training and development
    2. explain redundancy and dismissal, employer/employee rights and the management of change in HR
    3. calculate and interpret labour turnover and labour productivity
    日本語
    1. **人事管理(HRM)**の目的と役割:労働力計画、採用と選考、研修と開発を説明する
    2. 解雇および退職金、雇用主・従業員の権利、HRにおける変革管理を説明する
    3. 離職率および労働生産性を計算・解釈する

    Source: Cambridge International syllabus · ⁨出典: Cambridge International シラバス⁩

    English

    Human resource management 人力资源管理 (HRM) is the part of a business that looks after its people. Good HRM makes sure the firm has enough staff, with the right skills, who are well trained and motivated.

    The main roles of HRM are:

    • workforce planning 人力规划 — working out how many staff, and what skills, the business will need in the future.
    • recruitment 招聘 and selection 甄选 — finding people to apply for jobs, then choosing the best.
    • training 培训 and development 培养 — improving staff skills now and helping them grow for the future.
    日本語

    Human resource management 人力资源管理 (HRM) is the part of a business that looks after its people. Good HRM makes sure the firm has enough staff, with the right skills, who are well trained and motivated.

    Managers in a business meeting around a table
    Managers plan and organise the workforce — the core of human resource management.

    The main roles of HRM are:

    • workforce planning 人力规划 — working out how many staff, and what skills, the business will need in the future.
    • recruitment 招聘 and selection 甄选 — finding people to apply for jobs, then choosing the best.
    • training 培训 and development 培养 — improving staff skills now and helping them grow for the future.
    Explore · ⁨探索⁩

    Human resources decision lab · ⁨人事判断ラベル⁩

    Classify HR actions by the job they do inside the workforce. · ⁨ workforce(労働力)内の役割に基づき、HR行動を分類せよ。⁩

    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    human resource management/ˈhjuːmən rɪˈzɔːs ˈmænɪdʒmənt/ 人事管理
    workforce planning/ˈwɜːkfɔːs ˈplænɪŋ/ 労働力計画
    recruitment/rɪˈkruːtmənt/ 採用
    selection/sɪˈlekʃn/ 選択
    training/ˈtreɪnɪŋ/ 学習用
    development/dɪˈveləpmənt/ 発展
    2.1

    Workforce planning, recruitment and selection

    English

    Workforce planning looks at the firm's plans, then at the staff it already has, to find the gap. The gap may be filled by hiring, training, or moving staff.

    To recruit, the firm first writes:

    • a job description 职位描述 — the title, duties and tasks of the job.
    • a person specification 人员规格 — the skills, qualifications 资格 and qualities the right person should have.

    The firm can recruit from inside or outside:

    • internal recruitment 内部招聘 — filling the job with someone who already works there. It is cheaper and faster, and the person is known, but no new ideas come in.
    • external recruitment 外部招聘 — hiring someone from outside. It brings new skills and ideas, but costs more and is slower.

    Selection methods include reading application forms and CVs, interviews 面试, tests, and group tasks.

    日本語

    Workforce planning looks at the firm's plans, then at the staff it already has, to find the gap. The gap may be filled by hiring, training, or moving staff.

    Recruitment: write a job description and person specification, recruit internally or externally, then select the best applicant
    Recruitment: describe the job, advertise, then select the best applicant

    To recruit, the firm first writes:

    • a job description 职位描述 — the title, duties and tasks of the job.
    • a person specification 人员规格 — the skills, qualifications 资格 and qualities the right person should have.

    The firm can recruit from inside or outside:

    • internal recruitment 内部招聘 — filling the job with someone who already works there. It is cheaper and faster, and the person is known, but no new ideas come in.
    • external recruitment 外部招聘 — hiring someone from outside. It brings new skills and ideas, but costs more and is slower.

    Selection methods include reading application forms and CVs, interviews 面试, tests, and group tasks.

    A young woman answering questions in a job interview
    Selection: the interview is the stage most candidates meet, and the one most often assessed in the exam
    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    job description/dʒɒb dɪˈskrɪpʃn/ 職務説明書
    person specification/ˈpɜːsn ˌspesɪfɪˈkeɪʃn/ 人物要件書
    qualifications/ˌkwɒlɪfɪˈkeɪʃnz/ 資格
    internal recruitment/ɪnˈtɜːnl rɪˈkruːtmənt/ 内部採用
    external recruitment/ekˈstɜːnl rɪˈkruːtmənt/ 外部採用
    interviews/ˈɪntəvjuːz/ 面接
    2.1

    Training and development

    English

    Training improves the skills staff need to do their jobs well. Common types are:

    • induction training 入职培训 — given to new staff so they learn how the firm works.
    • on-the-job training 在岗培训 — learning while doing the real job.
    • off-the-job training 脱产培训 — learning away from the workplace, such as a course.

    Training costs time and money, but it raises quality, productivity 生产率 and motivation, and helps keep staff.

    日本語

    Training improves the skills staff need to do their jobs well. Common types are:

    Three kinds of training: induction for new staff, on-the-job while working, and off-the-job away from work
    Three kinds of training: induction, on-the-job and off-the-job
    • induction training 入职培训 — given to new staff so they learn how the firm works.
    • on-the-job training 在岗培训 — learning while doing the real job.
    • off-the-job training 脱产培训 — learning away from the workplace, such as a course.

    Training costs time and money, but it raises quality, productivity 生产率 and motivation, and helps keep staff.

    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    induction training/ɪnˈdʌkʃn ˈtreɪnɪŋ/ インダクション・トレーニング
    on-the-job training/ɒnðə dʒɒb ˈtreɪnɪŋ/ オンザジブ・トレーニング
    off-the-job training/ɒf ðə dʒɒb ˈtreɪnɪŋ/ オフザジブ・トレーニング
    productivity/ˌprɒdəkˈtɪvɪti/ 生産性を引き上げる
    2.1

    Ending employment

    English

    Sometimes a worker has to leave.

    • redundancy 裁员 happens when the job itself is no longer needed — for example, when a machine replaces it. It is not the worker's fault.
    • dismissal 解雇 happens when a worker is made to leave because of poor work or bad behaviour.
    日本語

    Sometimes a worker has to leave.

    • redundancy 裁员 happens when the job itself is no longer needed — for example, when a machine replaces it. It is not the worker's fault.
    • dismissal 解雇 happens when a worker is made to leave because of poor work or bad behaviour.
    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    redundancy/rɪˈdʌndənsi/ 人員削減
    dismissal/dɪˈsmɪsl/ 解雇
    2.1

    Rights and managing change

    English

    Both sides have rights and duties. The employer 雇主 must follow the law on pay, safety, working hours and unfair dismissal. The employee 雇员 must work as agreed and follow safe, fair rules. These rights 权利 protect both sides.

    Businesses change often — new technology, new markets, or restructuring 重组. The management of change 变革管理 in HR means planning the change, explaining it clearly, training staff for new roles, and listening to worries, so staff accept the change instead of resisting it.

    日本語

    Both sides have rights and duties. The employer 雇主 must follow the law on pay, safety, working hours and unfair dismissal. The employee 雇员 must work as agreed and follow safe, fair rules. These rights 权利 protect both sides.

    Businesses change often — new technology, new markets, or restructuring 重组. The management of change 变革管理 in HR means planning the change, explaining it clearly, training staff for new roles, and listening to worries, so staff accept the change instead of resisting it.

    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    employer/emˈplɔɪə/ 雇用主
    employee/emˈplɔɪiː/ 従業員
    rights/raɪts/ 権利
    restructuring/rɪˈstrʌktʃərɪŋ/ 再編成
    management of change/ˈmænɪdʒmənt ɒv tʃeɪndʒ/ 変革管理
    2.1

    Measuring the workforce

    English

    Two simple measures help managers judge how the workforce is doing.

    Labour turnover 员工流失率 shows the percentage of staff who leave in a year:

    $$\text{labour turnover} = \frac{\text{number of staff leaving}}{\text{average number employed}} \times 100\%$$

    High labour turnover can mean low pay, poor motivation or weak management. It raises the cost of recruiting and training.

    Worked example. A firm employs $200$ people on average, and $30$ leave during the year. Find its labour turnover.

    $$\text{labour turnover} = \frac{30}{200} \times 100\% = 15\%.$$

    Labour productivity 劳动生产率 shows the output made by each worker:

    $$\text{labour productivity} = \frac{\text{total output}}{\text{number of employees}}$$

    Higher labour productivity lowers the cost of each unit, so the firm can compete better.

    Worked example. A team of $8$ workers makes $2400$ units in a week. Find the labour productivity.

    $$\text{labour productivity} = \frac{2400}{8} = 300 \text{ units per worker per week}.$$
    日本語

    Two simple measures help managers judge how the workforce is doing.

    Labour turnover 员工流失率 shows the percentage of staff who leave in a year:

    $$\text{labour turnover} = \frac{\text{number of staff leaving}}{\text{average number employed}} \times 100\%$$

    High labour turnover can mean low pay, poor motivation or weak management. It raises the cost of recruiting and training.

    Worked example. A firm employs $200$ people on average, and $30$ leave during the year. Find its labour turnover.

    $$\text{labour turnover} = \frac{30}{200} \times 100\% = 15\%.$$

    Labour productivity 劳动生产率 shows the output made by each worker:

    $$\text{labour productivity} = \frac{\text{total output}}{\text{number of employees}}$$

    Higher labour productivity lowers the cost of each unit, so the firm can compete better.

    Worked example. A team of $8$ workers makes $2400$ units in a week. Find the labour productivity.

    $$\text{labour productivity} = \frac{2400}{8} = 300 \text{ units per worker per week}.$$
    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    labour turnover/ˈleɪbə ˈtɜːnəʊvə/ 離職率
    labour productivity/ˈleɪbə ˌprɒdəkˈtɪvɪti/ 労働生産性
    2.2

    Why motivation matters

    Syllabus · ⁨シラバス⁩
    English
    1. explain the importance of motivation and the main motivation theories (Taylor, Mayo, Maslow, Herzberg, McClelland, Vroom)
    2. explain financial motivators (wages, salary, piece rate, commission, bonus, profit sharing, performance-related pay, fringe benefits)
    3. explain non-financial motivators (job enrichment, job rotation, job enlargement, empowerment, teamworking)
    日本語
    1. モチベーションの重要性および主要なmotivational theories(テイラー、メイヨー、マ斯洛ウ、ハーツバーグ、マククレランド、ブルーム)を説明する
    2. 金銭的インセンティブ(賃金、給料、歩合給、コミッション、ボーナス、成果連動報酬、福利厚生)を説明する
    3. 金銭以外のインセンティブ(ジョブエンリッチメント、ジョブローテーション、ジョブイ enlargement、権限委譲、チームワーク)を説明する

    Source: Cambridge International syllabus · ⁨出典: Cambridge International シラバス⁩

    English

    Motivation 激励 is the desire to work hard and do a good job. Motivated staff produce more and better work, take fewer days off, stay longer, and give better service. So motivation lowers costs and raises quality.

    日本語

    Motivation 激励 is the desire to work hard and do a good job. Motivated staff produce more and better work, take fewer days off, stay longer, and give better service. So motivation lowers costs and raises quality.

    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    motivation/ˌməʊtɪˈveɪʃn/ モチベーション
    Watch lesson · ⁨レッスンを視聴⁩
    2.2

    Theories of motivation

    English

    Several thinkers tried to explain what motivates people. You should know the main idea of each.

    Thinker Main idea
    Taylor scientific management 科学管理 — workers are mainly motivated by money. Pay them per unit made (piece rate 计件工资) and they work harder.
    Mayo human relations 人际关系 — workers are also motivated by attention, teamwork and feeling part of a group.
    Maslow hierarchy of needs 需求层次 — people meet needs in order, from low to high (see below).
    Herzberg two-factor theory 双因素理论 — some things cause unhappiness if missing, others truly motivate (see below).
    McClelland people are driven by three needs in different amounts: achievement 成就, power and affiliation (belonging).
    Vroom expectancy theory 期望理论 — people work hard only if they believe the effort will lead to a reward they want.

    Maslow's hierarchy of needs

    Maslow said people try to meet lower needs first, then move up:

    1. physiological needs 生理需求 — food, water, rest (met by pay).
    2. safety needs — a safe job and workplace.
    3. social needs — friendship and being part of a team.
    4. esteem needs 尊重需求 — respect and recognition 认可.
    5. self-actualisation 自我实现 — reaching your full potential.

    Herzberg's two factors

    • hygiene factors 保健因素 — things like pay, conditions and rules. If they are poor, staff are unhappy; but fixing them does not truly motivate.
    • motivators 激励因素 — things like achievement, responsibility and recognition. These give real, lasting motivation.
    日本語
    Maslow's hierarchy of needs drawn as a five-level pyramid
    Maslow's hierarchy of needs, with workplace examples at each level.

    Several thinkers tried to explain what motivates people. You should know the main idea of each.

    Thinker Main idea
    Taylor scientific management 科学管理 — workers are mainly motivated by money. Pay them per unit made (piece rate 计件工资) and they work harder.
    Mayo human relations 人际关系 — workers are also motivated by attention, teamwork and feeling part of a group.
    Maslow hierarchy of needs 需求层次 — people meet needs in order, from low to high (see below).
    Herzberg two-factor theory 双因素理论 — some things cause unhappiness if missing, others truly motivate (see below).
    McClelland people are driven by three needs in different amounts: achievement 成就, power and affiliation (belonging).
    Vroom expectancy theory 期望理论 — people work hard only if they believe the effort will lead to a reward they want.

    Maslow's hierarchy of needs

    Maslow said people try to meet lower needs first, then move up:

    1. physiological needs 生理需求 — food, water, rest (met by pay).
    2. safety needs — a safe job and workplace.
    3. social needs — friendship and being part of a team.
    4. esteem needs 尊重需求 — respect and recognition 认可.
    5. self-actualisation 自我实现 — reaching your full potential.
    Five-level pyramid of Maslow's needs, widest at the bottom (physiological) up to the apex (self-actualisation), with an arrow showing lower needs are met first
    Maslow's hierarchy: people meet lower needs before higher ones

    Herzberg's two factors

    • hygiene factors 保健因素 — things like pay, conditions and rules. If they are poor, staff are unhappy; but fixing them does not truly motivate.
    • motivators 激励因素 — things like achievement, responsibility and recognition. These give real, lasting motivation.
    Herzberg diagram: hygiene factors (pay, conditions) only stop staff being unhappy, while motivators (achievement, recognition) give real lasting motivation
    Hygiene factors stop unhappiness; only motivators give real, lasting motivation
    Explore · ⁨探索⁩

    Maslow's hierarchy of needs · ⁨マ斯洛の欲求階層説⁩

    Maslow said people are motivated by needs in order — satisfy the lower ones first, then they aim higher. · ⁨マ斯洛によると、人間は欲求を満たすことで動機づけられ、下位から順に満たされ、上位を目指すようになる。⁩

    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    scientific management/saɪənˈtɪfɪk ˈmænɪdʒmənt/ 科学的管理
    piece rate/piːs reɪt/ 計件制
    human relations/ˈhjuːmən rɪˈleɪʃnz/ 人間関係
    hierarchy of needs/ˈhaɪərɑːki ɒv niːdz/ マスローの欲求階層説
    two-factor theory/tuː ˈfæktə ˈθɪəri/ 2因子理論
    achievement/əˈtʃiːvmənt/ 達成
    expectancy theory/ekˈspektənsi ˈθɪəri/ 期待理論
    physiological needs/ˌfɪzɪəˈlɒdʒɪkl niːdz/ 生理的欲求
    esteem needs/eˈstiːm niːdz/ 尊厳欲求
    recognition/ˌrekəɡˈnɪʃn/ recognition
    self-actualisation/self ˌæktʃuːəlaɪˈzeɪʃn/ 自己実現
    hygiene factors/ˈhaɪdʒiːn ˈfæktəz/ 保健要因
    motivators/ˈməʊtɪveɪtəz/ motivators(動機付け要因)
    2.2

    Financial motivators

    English

    Financial motivators 经济激励 are rewards paid in money:

    • wages 工资 — pay by the hour or week, often for manual work 体力劳动.
    • salary 薪水 — a fixed yearly amount, paid monthly.
    • piece rate — pay for each unit made.
    • commission 佣金 — pay based on how much you sell.
    • bonus 奖金 — an extra payment for good results.
    • profit sharing 利润分享 — staff get a share of the firm's profit.
    • performance-related pay 绩效工资 — extra pay for those who meet targets.
    • fringe benefits 附加福利 — non-cash extras, such as a company car or health care.
    日本語

    Financial motivators 经济激励 are rewards paid in money:

    • wages 工资 — pay by the hour or week, often for manual work 体力劳动.
    • salary 薪水 — a fixed yearly amount, paid monthly.
    • piece rate — pay for each unit made.
    • commission 佣金 — pay based on how much you sell.
    • bonus 奖金 — an extra payment for good results.
    • profit sharing 利润分享 — staff get a share of the firm's profit.
    • performance-related pay 绩效工资 — extra pay for those who meet targets.
    • fringe benefits 附加福利 — non-cash extras, such as a company car or health care.
    Explore · ⁨探索⁩

    Motivation methods lab · ⁨動機付け方法ラボ⁩

    Compare financial and non-financial ways to raise effort. · ⁨努力を促す金銭的・非金銭的な方法を比較する。⁩

    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    financial motivators/faɪˈnænʃl ˈməʊtɪveɪtəz/ 金銭的インセンティブ
    wages/ˈweɪdʒɪz/ 賃金
    manual work/ˈmænjuːəl wɜːk/ 肉体労働
    salary/ˈsæləri/ 給料
    commission/kəˈmɪʃn/ コミッション
    bonus/ˈbəʊnəs/ ボーナス
    profit sharing/ˈprɒfɪt ˈʃeərɪŋ/ 利益配分
    performance-related pay/pəˈfɔːməns rɪˈleɪtɪd peɪ/ 業績連動賃金
    fringe benefits/frɪndʒ ˈbenɪfɪts/ 福利厚生
    2.2

    Non-financial motivators

    English

    Non-financial motivators 非经济激励 reward staff without extra money, by making work more interesting and giving more control:

    • job enrichment 工作丰富化 — giving more challenging tasks and responsibility.
    • job rotation 工作轮换 — moving between different tasks to reduce boredom.
    • job enlargement 工作扩大化 — adding more tasks at the same level.
    • empowerment 授权 — letting staff make their own decisions about their work.
    • teamworking 团队合作 — organising staff into teams that share goals.
    日本語

    Non-financial motivators 非经济激励 reward staff without extra money, by making work more interesting and giving more control:

    • job enrichment 工作丰富化 — giving more challenging tasks and responsibility.
    • job rotation 工作轮换 — moving between different tasks to reduce boredom.
    • job enlargement 工作扩大化 — adding more tasks at the same level.
    • empowerment 授权 — letting staff make their own decisions about their work.
    • teamworking 团队合作 — organising staff into teams that share goals.
    Mind-map splitting ways to motivate staff into financial rewards (wages, piece rate, bonus) and non-financial methods (job enrichment, rotation, empowerment, teamworking)
    Motivators are either financial (money) or non-financial (better, fuller work)
    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    non-financial motivators/nɒn faɪˈnænʃl ˈməʊtɪveɪtəz/ 非金銭的インセンティブ
    job enrichment/dʒɒb enˈrɪtʃmənt/ ジョブエンリッシュメント
    job rotation/dʒɒb rəʊˈteɪʃn/ ジョローテーション
    job enlargement/dʒɒb enˈlɑːdʒmənt/ 業務拡大
    empowerment/emˈpaʊəmənt/ エンパワーメント
    teamworking/ˈtiːmwɜːkɪŋ/ チームワーク
    2.3

    Management and its functions

    Syllabus · ⁨シラバス⁩
    English
    1. explain the role and functions of management (Fayol, Mintzberg)
    2. explain leadership versus management and the importance of effective management
    日本語
    1. マネジメントの役割と機能(ファヨール、ミンツバーグ)を説明する
    2. リーダーシップとマネジメントの違い、および効果的なマネジメントの重要性を説明する

    Source: Cambridge International syllabus · ⁨出典: Cambridge International シラバス⁩

    English

    Management 管理 means getting work done through other people to reach the firm's objectives.

    Fayol said managers carry out five functions:

    Function What the manager does
    planning 计划 set objectives and decide how to reach them
    organising 组织 arrange people and resources
    commanding 指挥 give clear instructions and guidance
    coordinating 协调 make sure all parts work together
    controlling 控制 check results against the plan and correct problems

    Mintzberg said managers also play ten roles 角色 in three groups: interpersonal (working with people), informational (sharing information), and decisional (making decisions). This shows that real management is busy and varied, not just the five neat functions.

    日本語

    Management 管理 means getting work done through other people to reach the firm's objectives.

    Fayol said managers carry out five functions:

    Function What the manager does
    planning 计划 set objectives and decide how to reach them
    organising 组织 arrange people and resources
    commanding 指挥 give clear instructions and guidance
    coordinating 协调 make sure all parts work together
    controlling 控制 check results against the plan and correct problems
    Cycle of Fayol's five management functions — planning, organising, commanding, coordinating, controlling — arranged in a ring around the word management
    Fayol's five functions of management form a repeating cycle

    Mintzberg said managers also play ten roles 角色 in three groups: interpersonal (working with people), informational (sharing information), and decisional (making decisions). This shows that real management is busy and varied, not just the five neat functions.

    Explore · ⁨探索⁩

    Leadership style lab · ⁨リーダーシップスタイルラボ⁩

    Pick the management style that fits each situation. · ⁨各状況に最適な経営スタイルを選択せよ。⁩

    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    management/ˈmænɪdʒmənt/ 経営
    planning/ˈplænɪŋ/ プランニング
    organising/ˈɔːɡənaɪzɪŋ/ 組織化
    commanding/kəˈmændɪŋ/ 指揮する
    coordinating/kəʊˈɔːdɪneɪtɪŋ/ 調整
    controlling/kənˈtrəʊlɪŋ/ 統制
    roles/rəʊlz/ 役割
    2.3

    Leadership versus management

    English

    Leadership 领导 and management are not the same.

    • a manager plans, organises and controls the day-to-day work.
    • a leader sets a vision 愿景, inspires people, and guides change.

    The best managers are also good leaders. Effective management matters because it raises productivity, keeps good staff, helps the firm adapt to change, and turns plans into real results.

    日本語

    Leadership 领导 and management are not the same.

    • a manager plans, organises and controls the day-to-day work.
    • a leader sets a vision 愿景, inspires people, and guides change.
    Two boxes: a manager who plans, organises and controls the day-to-day work, and a leader who sets a vision, inspires people and guides change
    A manager runs the day-to-day work; a leader sets direction and inspires — the best people do both

    The best managers are also good leaders. Effective management matters because it raises productivity, keeps good staff, helps the firm adapt to change, and turns plans into real results.

    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    leadership/ˈliːdəʃɪp/ リーダーシップ
    vision/ˈvɪʒn/ 視覚
    2.3

    Exam tips

    • Calculate and interpret labour turnover and labour productivity; high turnover raises recruitment and training costs.
    • Link a motivation theory to a method: Maslow (needs), Herzberg (hygiene vs motivators), Taylor (pay).
    • Distinguish financial (piece rate, bonus) from non-financial (job enrichment, empowerment) motivators.
    • Distinguish leadership from management and match a style (autocratic, democratic, laissez-faire) to the situation.
  • 3

    Marketing · ⁨マーケティング⁩

    Watch lesson · ⁨レッスンを視聴⁩
    3.1

    The role of marketing

    Syllabus · ⁨シラバス⁩
    English
    1. explain the role of marketing, market and product orientation, and customer relationship marketing (CRM)
    2. explain market size, market growth and market share, mass and niche markets and market segmentation
    3. explain demand and supply and the concept of elasticity (price, income, cross) and its usefulness
    日本語
    1. マーケティング、市場・製品志向、および**顧客関係マーケティング(CRM)**の役割を説明する
    2. 市場規模、市場成長率、市場シェア、マス市場とニッチ市場、市場セグメンテーションを説明する
    3. 需要と供給および弾力性(価格弾力性、所得弾力性、代替財・補完財の相互弾力性)の概念とその有用性を説明する

    Source: Cambridge International syllabus · ⁨出典: Cambridge International シラバス⁩

    English
    Elastic vs inelastic demand
    Demand shifts right: P and Q rise

    Marketing 市场营销 is the job of finding out what customers want, then making and selling products that meet those wants at a profit. Good marketing links the business to its market 市场 (all the buyers and sellers of a product).

    A business can be:

    • product-orientated 产品导向 — it focuses on the product first and hopes customers will buy it. This suits new or technical products.
    • market-orientated 市场导向 — it finds out what customers want first, then makes it. This lowers the risk of failure.

    Customer relationship marketing 客户关系营销 (CRM) means building long-term links with customers so they come back again. Keeping a customer is cheaper than finding a new one.

    日本語
    Elastic vs inelastic demand
    Demand shifts right: P and Q rise

    Marketing 市场营销 is the job of finding out what customers want, then making and selling products that meet those wants at a profit. Good marketing links the business to its market 市场 (all the buyers and sellers of a product).

    A business can be:

    • product-orientated 产品导向 — it focuses on the product first and hopes customers will buy it. This suits new or technical products.
    • market-orientated 市场导向 — it finds out what customers want first, then makes it. This lowers the risk of failure.

    Customer relationship marketing 客户关系营销 (CRM) means building long-term links with customers so they come back again. Keeping a customer is cheaper than finding a new one.

    Explore · ⁨探索⁩

    Marketing mix lab · ⁨マーケティングミックス実験室⁩

    See which part of the marketing mix changes in each real decision. · ⁨各実際の意思決定において、マーケティングミックスのどの要素が変化するかを確認する。⁩

    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    marketing/ˈmɑːkɪtɪŋ/ マーケティング
    market/ˈmɑːkɪt/ 市場
    product-orientated/ˈprɒdʌkt ˈɔːrɪənteɪtɪd/ 製品中心型
    market-orientated/ˈmɑːkɪt ˈɔːrɪənteɪtɪd/ 市場中心型
    customer relationship marketing/ˈkʌstəmə rɪˈleɪʃənʃɪp ˈmɑːkɪtɪŋ/ 顧客関係マーケティング
    Watch lesson · ⁨レッスンを視聴⁩
    3.1

    Market size, growth and share

    English
    • market size 市场规模 — the total sales of all firms in a market, by value or by number of units.
    • market growth 市场增长 — how fast the market is getting bigger, shown as a percentage.
    • market share 市场份额 — one firm's sales as a percentage of the total market:
    $$\text{market share} = \frac{\text{firm's sales}}{\text{total market sales}} \times 100\%$$

    A rising market share is a sign of strong marketing.

    Worked example. A firm sells £4 million of goods in a market worth £50 million in total. Find its market share.

    $$\text{market share} = \frac{4}{50} \times 100\% = 8\%.$$

    If the whole market grows but the firm's sales stay at £4 million, its market share falls — so a firm can sell the same amount yet lose ground to faster-growing rivals.

    日本語
    • market size 市场规模 — the total sales of all firms in a market, by value or by number of units.
    • market growth 市场增长 — how fast the market is getting bigger, shown as a percentage.
    • market share 市场份额 — one firm's sales as a percentage of the total market:
    $$\text{market share} = \frac{\text{firm's sales}}{\text{total market sales}} \times 100\%$$

    A rising market share is a sign of strong marketing.

    Worked example. A firm sells £4 million of goods in a market worth £50 million in total. Find its market share.

    $$\text{market share} = \frac{4}{50} \times 100\% = 8\%.$$

    If the whole market grows but the firm's sales stay at £4 million, its market share falls — so a firm can sell the same amount yet lose ground to faster-growing rivals.

    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    market size/ˈmɑːkɪt saɪz/ 市場規模
    market growth/ˈmɑːkɪt ɡrəʊθ/ 市場成長率
    market share/ˈmɑːkɪt ʃeə/ 市場シェア
    3.1

    Mass and niche markets

    English
    • a mass market 大众市场 is large, with products aimed at most buyers (e.g. soft drinks). Sales are high, but competition is strong.
    • a niche market 利基市场 is a small part of a market with special needs (e.g. left-handed tools). Competition is weaker, but sales are smaller.
    日本語
    • a mass market 大众市场 is large, with products aimed at most buyers (e.g. soft drinks). Sales are high, but competition is strong.
    • a niche market 利基市场 is a small part of a market with special needs (e.g. left-handed tools). Competition is weaker, but sales are smaller.
    A mass market aims at most buyers; a niche market serves a small group with special needs
    A mass market targets everyone; a niche serves a small specialist group
    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    mass market/mæs ˈmɑːkɪt/ マスマーケット
    niche market/niːʃ ˈmɑːkɪt/ ニッチマーケット
    3.1

    Market segmentation

    English

    Market segmentation 市场细分 means splitting a market into groups (segments 细分市场) of buyers who are alike. Common ways to segment are by age, income, gender, location, and lifestyle. Segmentation lets a firm aim the right product and message at each group, which raises sales and cuts waste.

    日本語
    Candy products of many different brands displayed on a supermarket shelf
    Shelf space is a marketing decision: segment, position, then price and promote

    Market segmentation 市场细分 means splitting a market into groups (segments 细分市场) of buyers who are alike. Common ways to segment are by age, income, gender, location, and lifestyle. Segmentation lets a firm aim the right product and message at each group, which raises sales and cuts waste.

    A market split into segments by age, income and lifestyle, so each group gets the right product
    Splitting a market into segments by age, income and lifestyle
    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    market segmentation/ˈmɑːkɪt ˌseɡmənˈteɪʃn/ 市場細分化
    segments/ˈseɡmənts/ セグメント
    3.1

    Demand, supply and elasticity

    English

    Demand 需求 is how much of a product buyers will buy at each price. Supply 供给 is how much sellers will offer at each price. Usually, when price falls, demand rises.

    Elasticity 弹性 measures how strongly demand reacts to a change. You should know three types.

    Price elasticity of demand 需求价格弹性 (PED) measures how demand reacts to a price change:

    $$\text{PED} = \frac{\%\ \text{change in quantity demanded}}{\%\ \text{change in price}}$$
    • if PED is greater than 1, demand is price elastic 富有弹性 — a small price cut raises sales a lot, so lowering price can raise revenue.
    • if PED is less than 1, demand is price inelastic 缺乏弹性 — demand changes little, so raising price can raise revenue.

    Income elasticity of demand 需求收入弹性 (YED) measures how demand reacts to a change in customers' income. Luxury goods react strongly; basic goods react weakly.

    Cross elasticity of demand 需求交叉弹性 (XED) measures how the demand for one product reacts to a price change of another. It is positive for substitutes 替代品 (e.g. tea and coffee) and negative for complements 互补品 (e.g. cars and fuel).

    Elasticity is useful because it helps a firm predict how a price change will affect sales and revenue.

    日本語

    Demand 需求 is how much of a product buyers will buy at each price. Supply 供给 is how much sellers will offer at each price. Usually, when price falls, demand rises.

    Demand line sloping down and supply line sloping up, crossing at the equilibrium where the market price is set
    Supply and demand meet at the equilibrium market price

    Elasticity 弹性 measures how strongly demand reacts to a change. You should know three types.

    Price elasticity of demand 需求价格弹性 (PED) measures how demand reacts to a price change:

    $$\text{PED} = \frac{\%\ \text{change in quantity demanded}}{\%\ \text{change in price}}$$
    • if PED is greater than 1, demand is price elastic 富有弹性 — a small price cut raises sales a lot, so lowering price can raise revenue.
    • if PED is less than 1, demand is price inelastic 缺乏弹性 — demand changes little, so raising price can raise revenue.
    Two demand curves: a shallow elastic curve where a price fall gives a big quantity rise, and a steep inelastic curve where the same price fall gives only a small rise
    The same price fall raises quantity a lot when demand is elastic, only a little when inelastic

    Income elasticity of demand 需求收入弹性 (YED) measures how demand reacts to a change in customers' income. Luxury goods react strongly; basic goods react weakly.

    Cross elasticity of demand 需求交叉弹性 (XED) measures how the demand for one product reacts to a price change of another. It is positive for substitutes 替代品 (e.g. tea and coffee) and negative for complements 互补品 (e.g. cars and fuel).

    Elasticity is useful because it helps a firm predict how a price change will affect sales and revenue.

    Explore · ⁨探索⁩

    Demand, supply & elasticity · ⁨需要、供給 & 弾力性⁩

    Price is set where demand meets supply. · ⁨価格は需要と供給が一致する地点で設定される。⁩

    Explore · ⁨探索⁩

    Demand and supply · ⁨需要と供給⁩

    Shift the curves to see how price is set in a market — and how elasticity decides how much quantity responds. · ⁨曲線を移動させて、市場での価格決定のプロセスと、価格弾性率がQuantityの反応度にどう影響するかを確認します。⁩

    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    demand/dɪˈmænd/ 需要
    supply/səˈplaɪ/ 電源
    elasticity/ɪlæˈstɪsɪti/ 弾力性
    price elasticity of demand/praɪs ɪlæˈstɪsɪti ɒv dɪˈmænd/ 需要の価格弾力性
    price elastic/praɪs ɪˈlæstɪk/ 価格弾力性あり
    price inelastic/praɪs ɪnɪˈlæstɪk/ 価格弾力性なし
    income elasticity of demand/ˈɪŋkʌm ɪlæˈstɪsɪti ɒv dɪˈmænd/ 所得需要弾性
    cross elasticity of demand/krɒs ɪlæˈstɪsɪti ɒv dɪˈmænd/ 代替財の需要の交叉弾力性
    substitutes/ˈsʌbstɪtjuːts/ 代替財である
    complements/ˈkɒmplɪmənts/ 補完財である
    3.2

    Market research

    Syllabus · ⁨シラバス⁩
    English
    1. distinguish primary and secondary market research and qualitative and quantitative data
    2. explain sampling methods and the reliability of data; present and interpret market research findings
    日本語
    1. 一次調査と二次調査、および定性的データと定量的データを区別する
    2. サンプリング方法とデータの信頼性を説明し、市場調査の結果を提示・解釈する

    Source: Cambridge International syllabus · ⁨出典: Cambridge International シラバス⁩

    English

    Market research 市场调研 is collecting and studying information about customers, competitors 竞争对手 and the market.

    • primary research 一手调研 — new information you collect yourself, by surveys, interviews or observation. It fits your exact needs, but costs more and takes time.
    • secondary research 二手调研 — information that already exists, such as reports, websites and sales records. It is cheap and quick, but may be old or not exactly right.

    Data can be:

    • quantitative data 定量数据 — facts in numbers (e.g. "60% buy weekly"). Easy to compare.
    • qualitative data 定性数据 — opinions and reasons (e.g. "why people like the brand"). Gives deeper understanding.

    Sampling and reliability

    A sample 样本 is the small group of people asked, chosen to stand for the whole market. Sampling 抽样 methods include:

    • random sampling 随机抽样 — everyone has an equal chance of being picked.
    • quota sampling 配额抽样 — set numbers from each group are asked.
    • stratified sampling 分层抽样 — the sample copies the make-up of the whole market.

    A larger, well-chosen sample gives more reliable 可靠的 results. Poor sampling can cause bias 偏差, which makes the findings wrong. Results are often shown in tables and charts, then read carefully to guide decisions.

    日本語

    Market research 市场调研 is collecting and studying information about customers, competitors 竞争对手 and the market.

    • primary research 一手调研 — new information you collect yourself, by surveys, interviews or observation. It fits your exact needs, but costs more and takes time.
    • secondary research 二手调研 — information that already exists, such as reports, websites and sales records. It is cheap and quick, but may be old or not exactly right.

    Data can be:

    • quantitative data 定量数据 — facts in numbers (e.g. "60% buy weekly"). Easy to compare.
    • qualitative data 定性数据 — opinions and reasons (e.g. "why people like the brand"). Gives deeper understanding.

    Sampling and reliability

    A sample 样本 is the small group of people asked, chosen to stand for the whole market. Sampling 抽样 methods include:

    • random sampling 随机抽样 — everyone has an equal chance of being picked.
    • quota sampling 配额抽样 — set numbers from each group are asked.
    • stratified sampling 分层抽样 — the sample copies the make-up of the whole market.

    A larger, well-chosen sample gives more reliable 可靠的 results. Poor sampling can cause bias 偏差, which makes the findings wrong. Results are often shown in tables and charts, then read carefully to guide decisions.

    Survey bar chart: primary research produces quantitative data for decisions
    Primary research → quantitative data that guides marketing decisions
    Explore · ⁨探索⁩

    Market research cycle · ⁨市場調査サイクル⁩

    Follow how a business turns customer data into a marketing decision. · ⁨企業が顧客データをマーケティング意思決定に変換する流れを追う。⁩

    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    market research/ˈmɑːkɪt rɪˈsɜːtʃ/ マーケティングリサーチ
    competitors/kəmˈpetɪtəz/ 競合他社
    primary research/ˈpraɪməri rɪˈsɜːtʃ/ 一次調査
    secondary research/ˈsekəndəri rɪˈsɜːtʃ/ 二次調査
    quantitative data/ˈkwɒntɪteɪtɪv ˈdeɪtə/ 定量的データ
    qualitative data/ˈkwɒlɪteɪtɪv ˈdeɪtə/ 定性的データ
    sample/ˈsæmpl/ サンプル
    sampling/ˈsæmplɪŋ/ サンプリング
    random sampling/ˈrændəm ˈsæmplɪŋ/ 無作為サンプリング
    quota sampling/ˈkwəʊtə ˈsæmplɪŋ/ quota sampling(割当サンプリング)
    stratified sampling/ˈstrætɪfaɪd ˈsæmplɪŋ/ 層別サンプリング
    reliable/rɪˈlaɪəbl/ 信頼できる
    bias/ˈbaɪəs/ バイアス
    3.3

    The marketing mix

    Syllabus · ⁨シラバス⁩
    English
    1. explain the elements of the marketing mix (product, price, place, promotion) and their integration
    2. product: product development, the product life cycle, the product portfolio (Boston Matrix), branding
    3. price: pricing methods and strategies (cost-plus, penetration, skimming, competitive, price discrimination, dynamic, psychological)
    4. place and promotion: distribution channels, above- and below-the-line promotion, and digital/e-commerce marketing
    日本語
    1. マーケティングミックス(商品、価格、流通、プロモーション)の要素と統合を説明する
    2. 商品:商品開発、商品ライフサイクル、商品ポートフォリオ(ボストン・マトリクス)、ブランディング
    3. 価格:価格設定手法と戦略(コストプラス、浸透価格、スキミング、競合価格、価格差別化、ダイナミックプライシング、心理的価格)
    4. 流通とプロモーション:流通チャネル、ラインアBOVEプロモーションとラインBELOWプロモーション、デジタル/eコマースマーケティング

    Source: Cambridge International syllabus · ⁨出典: Cambridge International シラバス⁩

    English
    The product life cycle

    The marketing mix 营销组合 is the set of choices a firm makes to sell a product. It is often called the 4Ps:

    P Question it answers
    product 产品 what are we selling?
    price 价格 how much do we charge?
    place 渠道 where and how do customers buy it?
    promotion 促销 how do we tell customers about it?

    The four parts must work together. For example, a high price needs high quality and a good image. Making the parts fit each other is called integration 整合.

    日本語
    The product life cycle
    A vibrant branded retail store display
    A branded shop window — branding and place help sell the product.

    The marketing mix 营销组合 is the set of choices a firm makes to sell a product. It is often called the 4Ps:

    P Question it answers
    product 产品 what are we selling?
    price 价格 how much do we charge?
    place 渠道 where and how do customers buy it?
    promotion 促销 how do we tell customers about it?
    The marketing mix at the centre with the four Ps around it — Product (what we sell), Price (how much), Place (where to buy) and Promotion (how we tell)
    The marketing mix combines the four Ps

    The four parts must work together. For example, a high price needs high quality and a good image. Making the parts fit each other is called integration 整合.

    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    marketing mix/ˈmɑːkɪtɪŋ mɪks/ マーケティングミックス
    product/ˈprɒdʌkt/ 生成物
    price/praɪs/ 価格
    place/pleɪs/ 場所
    promotion/prəˈməʊʃn/ プロモーション
    integration/ˌɪntɪˈɡreɪʃn/ integration
    Watch lesson · ⁨レッスンを視聴⁩
    3.3

    Product

    English

    A good product is the heart of the mix.

    Product development 产品开发 is the work of designing and improving products to meet customer needs and beat rivals.

    The product life cycle

    The product life cycle 产品生命周期 shows the sales of a product over time, in four stages:

    1. introduction 引入期 — launch; low sales, high promotion cost.
    2. growth 成长期 — sales rise quickly.
    3. maturity 成熟期 — sales reach their peak and level off.
    4. decline 衰退期 — sales fall as tastes change.

    To keep sales up in maturity, firms use extension strategies 延长策略, such as new packaging, new uses, or selling in new markets.

    The product portfolio (Boston Matrix)

    The product portfolio 产品组合 is the full range of products a firm sells. The Boston Matrix 波士顿矩阵 sorts products by market share and market growth:

    High market growth Low market growth
    High share stars 明星产品 cash cows 现金牛
    Low share question marks 问题产品 dogs 瘦狗产品

    Stars need investment but may become cash cows. Cash cows bring steady profit. Question marks are risky. Dogs are usually dropped.

    Branding

    Branding 品牌 gives a product a name, design and image that customers recognise. A strong brand builds loyalty 忠诚度, lets the firm charge more, and makes new products easier to launch.

    日本語

    A good product is the heart of the mix.

    Product development 产品开发 is the work of designing and improving products to meet customer needs and beat rivals.

    The product life cycle

    The product life cycle 产品生命周期 shows the sales of a product over time, in four stages:

    1. introduction 引入期 — launch; low sales, high promotion cost.
    2. growth 成长期 — sales rise quickly.
    3. maturity 成熟期 — sales reach their peak and level off.
    4. decline 衰退期 — sales fall as tastes change.
    Product life-cycle curve of sales over time rising through introduction and growth, levelling in maturity and falling in decline, with a dashed extension-strategy line holding sales up
    Sales of a product over its four life-cycle stages, with an extension strategy in maturity

    To keep sales up in maturity, firms use extension strategies 延长策略, such as new packaging, new uses, or selling in new markets.

    The product portfolio (Boston Matrix)

    The product portfolio 产品组合 is the full range of products a firm sells. The Boston Matrix 波士顿矩阵 sorts products by market share and market growth:

    High market growth Low market growth
    High share stars 明星产品 cash cows 现金牛
    Low share question marks 问题产品 dogs 瘦狗产品
    Boston Matrix two-by-two grid: stars (high share, high growth), question marks (low share, high growth), cash cows (high share, low growth) and dogs (low share, low growth)
    The Boston Matrix sorts products by market share and market growth

    Stars need investment but may become cash cows. Cash cows bring steady profit. Question marks are risky. Dogs are usually dropped.

    Branding

    Branding 品牌 gives a product a name, design and image that customers recognise. A strong brand builds loyalty 忠诚度, lets the firm charge more, and makes new products easier to launch.

    Explore · ⁨探索⁩

    The product life cycle · ⁨製品ライフサイクル⁩

    Most products pass through four sales stages over time — from launch to decline. · ⁨ほとんどの製品は、導入から衰退まで、時間とともに4つの販売段階を経る。⁩

    Explore · ⁨探索⁩

    Balance the product portfolio · ⁨製品ポートフォリオをバランスさせる⁩

    Pick a product and drag its market share and growth — it re-classifies live, and Play walks one product through its whole life across the matrix. · ⁨製品を選び、その市場シェアと成長率をドラッグしてください。リアルタイムで分類が更新され、Playがマトリクス全体を通じて1つの製品のライフサイクルをトレースします。⁩

    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    product development/ˈprɒdʌkt dɪˈveləpmənt/ 製品開発
    product life cycle/ˈprɒdʌkt laɪf ˈsaɪkl/ 製品ライフサイクル
    introduction/ˌɪntrəˈdʌkʃn/ 導入期
    growth/ɡrəʊθ/ 成長とのトレードオフを示す
    maturity/məˈtʃʊərɪti/ 成熟期
    decline/dɪˈklaɪn/ 衰退
    extension strategies/ekˈstenʃn ˈstrætədʒiz/ 拡大戦略
    product portfolio/ˈprɒdʌkt pɔːtˈfəʊlɪəʊ/ 製品ポートフォリオ
    Boston Matrix/ˈbɒstn ˈmeɪtrɪks/ ボストン・マトリクス
    stars/stɑːz/ スター
    cash cows/kæʃ kaʊz/ キャッシュカウ
    question marks/ˈkwestʃn mɑːks/ クエスチョンマーク
    dogs/dɒɡz/ ドッグ
    branding/ˈbrændɪŋ/ ブランディング
    loyalty/ˈlɔɪəlti/ ロイヤルティ
    3.3

    Price

    English

    Choosing a price is a key decision. The main methods and strategies are:

    Method / strategy How it works
    cost-plus pricing 成本加成定价 add a fixed profit margin to the unit cost
    penetration pricing 渗透定价 set a low price to enter a market and win share
    price skimming 撇脂定价 set a high price first for a new, special product, then lower it
    competitive pricing 竞争定价 set a price close to rivals' prices
    price discrimination 价格歧视 charge different prices to different groups (e.g. peak vs off-peak)
    dynamic pricing 动态定价 change the price often as demand changes
    psychological pricing 心理定价 use prices like $9.99 that feel lower

    The best price depends on costs, competitors, the product's life-cycle stage, and how price elastic demand is.

    日本語

    Choosing a price is a key decision. The main methods and strategies are:

    Method / strategy How it works
    cost-plus pricing 成本加成定价 add a fixed profit margin to the unit cost
    penetration pricing 渗透定价 set a low price to enter a market and win share
    price skimming 撇脂定价 set a high price first for a new, special product, then lower it
    competitive pricing 竞争定价 set a price close to rivals' prices
    price discrimination 价格歧视 charge different prices to different groups (e.g. peak vs off-peak)
    dynamic pricing 动态定价 change the price often as demand changes
    psychological pricing 心理定价 use prices like $9.99 that feel lower

    The best price depends on costs, competitors, the product's life-cycle stage, and how price elastic demand is.

    A price-over-time graph: penetration pricing starts low to win share, while skimming pricing starts high for a new product then lowers over time
    Two launch strategies over time: penetration sets a low price to win share; skimming sets a high price first, then lowers it
    Explore · ⁨探索⁩

    Marketing mix lab · ⁨マーケティングミックス実験室⁩

    See which part of the marketing mix changes in each real decision. · ⁨各実際の意思決定において、マーケティングミックスのどの要素が変化するかを確認する。⁩

    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    cost-plus pricing/kɒst plʌs ˈpraɪsɪŋ/ 原価加重価格設定
    penetration pricing/ˌpenɪˈtreɪʃn ˈpraɪsɪŋ/ 浸透価格設定
    price skimming/praɪs ˈskɪmɪŋ/ プライススキミング
    competitive pricing/kəmˈpetɪtɪv ˈpraɪsɪŋ/ 競合価格設定
    price discrimination/praɪs dɪˌskrɪmɪˈneɪʃn/ 価格差別
    dynamic pricing/daɪˈnæmɪk ˈpraɪsɪŋ/ ダイナミックプライシング
    psychological pricing/saɪkəˈlɒdʒɪkl ˈpraɪsɪŋ/ 心理価格設定
    3.3

    Place and promotion

    English

    Place is how the product reaches the customer, through a distribution channel 分销渠道. A short channel (maker → customer) gives more control; a longer channel (maker → wholesaler 批发商 → shop → customer) reaches more buyers.

    Promotion tells customers about a product and persuades them to buy. It is split into:

    • above-the-line promotion 大众媒体广告 — paid advertising 广告 in mass media, such as TV and online ads, aimed at a wide audience.
    • below-the-line promotion 直接促销 — targeted methods the firm controls, such as discounts, free samples and direct mail.

    Digital marketing 数字营销 and e-commerce 电子商务 (buying and selling online) now play a huge role. They let small firms reach world markets cheaply, target adverts to the right people, and sell at any time of day.

    日本語
    Giant advertising screens at a busy crossing
    Advertising on giant screens — promotion is part of the marketing mix.

    Place is how the product reaches the customer, through a distribution channel 分销渠道. A short channel (maker → customer) gives more control; a longer channel (maker → wholesaler 批发商 → shop → customer) reaches more buyers.

    A short distribution channel from maker straight to customer, and a long channel from maker through wholesaler and retailer to customer
    A short channel gives more control; a longer channel reaches more buyers

    Promotion tells customers about a product and persuades them to buy. It is split into:

    • above-the-line promotion 大众媒体广告 — paid advertising 广告 in mass media, such as TV and online ads, aimed at a wide audience.
    • below-the-line promotion 直接促销 — targeted methods the firm controls, such as discounts, free samples and direct mail.

    Digital marketing 数字营销 and e-commerce 电子商务 (buying and selling online) now play a huge role. They let small firms reach world markets cheaply, target adverts to the right people, and sell at any time of day.

    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    distribution channel/ˌdɪstrɪˈbjuːʃn ˈtʃænl/ 流通チャネル
    wholesaler/ˈhəʊlseɪlə/ 卸売業者
    above-the-line promotion/əˈbʌv ðə laɪn prəˈməʊʃn/ ラインアッププロモーション(大衆向け広告)
    advertising/ˈædvətaɪzɪŋ/ 広告
    below-the-line promotion/bɪˈləʊ ðə laɪn prəˈməʊʃn/ ラインダウンプロモーション(直接販売促進)
    digital marketing/ˈdɪdʒɪtl ˈmɑːkɪtɪŋ/ デジタルマーケティング
    e-commerce/iː ˈkɒmɜːs/ eコマース
    3.3

    Exam tips

    • Calculate market share and market growth as percentages; a firm can grow yet lose share in a faster-growing market.
    • Use price elasticity of demand to decide pricing: raise price when demand is inelastic (revenue rises), cut it when elastic.
    • Distinguish primary vs secondary and quantitative vs qualitative research, and comment on sampling reliability.
    • Treat the marketing mix (4Ps) as a coordinated set — each P should support the others.
  • 4

    Operations management · ⁨営業管理⁩

    Watch lesson · ⁨レッスンを視聴⁩
    4.1

    What operations management does

    Syllabus · ⁨シラバス⁩
    English
    1. explain operations as the transformation of inputs into outputs and the concept of adding value
    2. explain productivity, efficiency, capital- and labour-intensive operations and methods of production (job, batch, flow, mass customisation)
    3. explain sustainability of operations and the use of technology in operations
    日本語
    1. 生産活動を投入から出力への変換として説明し、付加価値の概念を説明する
    2. 生産性、効率性、資本集約型・労働集約型生産、および生産方法(-job work、バッチ生産、フロー生産、マスカスタマイゼーション)を説明する
    3. 生産活動の持続可能性と技術の利用を説明する

    Source: Cambridge International syllabus · ⁨出典: Cambridge International シラバス⁩

    English

    Operations 运营 is the part of a business that makes the product. Operations management 运营管理 is the job of turning inputs 投入 into outputs 产出 well.

    This is the transformation process 转化过程:

    • inputs — raw materials, labour, machines and money.
    • process — the work that changes the inputs.
    • outputs — finished goods and services for the customer.

    Good operations add value 增值: the output is worth more than the inputs used to make it. Using raw materials 原材料 (the basic materials a business starts with) well is a big part of this.

    日本語

    Operations 运营 is the part of a business that makes the product. Operations management 运营管理 is the job of turning inputs 投入 into outputs 产出 well.

    A large distribution warehouse
    A distribution centre: operations management turns inputs into finished goods ready for customers.

    This is the transformation process 转化过程:

    • inputs — raw materials, labour, machines and money.
    • process — the work that changes the inputs.
    • outputs — finished goods and services for the customer.
    Flow diagram: inputs (materials, labour, machines, money) go into a process that changes them and come out as outputs (finished goods and services), adding value
    Operations turn inputs into outputs, adding value along the way

    Good operations add value 增值: the output is worth more than the inputs used to make it. Using raw materials 原材料 (the basic materials a business starts with) well is a big part of this.

    Explore · ⁨探索⁩

    Operations: input → output · ⁨業務:投入要素 → 産出物⁩

    Operations management turns inputs into finished goods or services through a transformation process. · ⁨業務管理は、変換プロセスを通じて投入要素を完成品やサービスに変換します。⁩

    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    operations/ˌɒpəˈreɪʃnz/ 演算
    operations management/ˌɒpəˈreɪʃnz ˈmænɪdʒmənt/ オペレーションマネジメント
    inputs/ˈɪnpʊts/ 投入要素
    outputs/ˈaʊtpʊts/ 産出物
    transformation process/trænsfɔːˈmeɪʃn ˈprəʊses/ 変換プロセス
    adding value/ˈædɪŋ ˈvæljuː/ 付加価値の創出
    raw materials/rɔː məˈtɪərɪəlz/ 原材料
    4.1

    Productivity and efficiency

    English

    Productivity 生产率 measures how much output you get from your inputs:

    $$\text{productivity} = \frac{\text{output}}{\text{input used}}$$

    Efficiency 效率 means making products with as little waste of time, materials and money as possible. Higher productivity and efficiency lower the cost of each unit, so the firm can charge less or earn more.

    Worked example. A factory of $20$ workers makes $800$ units in a day. Find the output per worker.

    $$\text{productivity} = \frac{800}{20} = 40 \text{ units per worker per day}.$$

    If training raised output to $1000$ units with the same $20$ workers, productivity would rise to $50$ units each — the same staff cost now spread over more units, so each unit is cheaper to make.

    日本語

    Productivity 生产率 measures how much output you get from your inputs:

    $$\text{productivity} = \frac{\text{output}}{\text{input used}}$$

    Efficiency 效率 means making products with as little waste of time, materials and money as possible. Higher productivity and efficiency lower the cost of each unit, so the firm can charge less or earn more.

    Worked example. A factory of $20$ workers makes $800$ units in a day. Find the output per worker.

    $$\text{productivity} = \frac{800}{20} = 40 \text{ units per worker per day}.$$

    If training raised output to $1000$ units with the same $20$ workers, productivity would rise to $50$ units each — the same staff cost now spread over more units, so each unit is cheaper to make.

    Assembly line: productivity is output per worker (or per hour) — rising productivity cuts unit costs
    Assembly line: productivity is output per worker (or per hour) — rising productivity cuts unit costs
    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    productivity/ˌprɒdəkˈtɪvɪti/ 生産性を引き上げる
    efficiency/ɪˈfɪʃənsi/ 効率
    4.1

    Capital- and labour-intensive operations

    English
    • a capital-intensive 资本密集型 operation uses mostly machines (e.g. a car factory). It has high set-up costs but low cost per unit, and is good for large amounts.
    • a labour-intensive 劳动密集型 operation uses mostly people (e.g. a hair salon). It is flexible and good for personal service, but quality can vary.
    日本語
    • a capital-intensive 资本密集型 operation uses mostly machines (e.g. a car factory). It has high set-up costs but low cost per unit, and is good for large amounts.
    • a labour-intensive 劳动密集型 operation uses mostly people (e.g. a hair salon). It is flexible and good for personal service, but quality can vary.
    Factory robots: capital-intensive production uses more machines relative to labour
    Factory robots: capital-intensive production uses more machines relative to labour
    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    capital-intensive/ˈkæpɪtl ɪnˈtensɪv/ 資本集約的(capital-intensive)
    labour-intensive/ˈleɪbə ɪnˈtensɪv/ 労働集約的(labour-intensive)
    4.1

    Methods of production

    English

    A firm chooses how to organise production to suit its product and demand.

    Method What it is Best for
    job production 单件生产 making one unique item at a time a wedding cake, a bridge
    batch production 批量生产 making a group of the same item, then switching bread in flavours
    flow production 流水线生产 making items non-stop on a line bottled drinks, cars
    mass customisation 大规模定制 a flow line that still lets customers choose options cars with chosen colours

    Job production is flexible but costly per unit. Flow production has a low unit cost but needs high, steady demand.

    日本語

    A firm chooses how to organise production to suit its product and demand.

    A car assembly line inside a factory: part-built cars in sequence along a moving line, with overhead tooling
    A car assembly line: flow production of identical units, one stage after another
    Method What it is Best for
    job production 单件生产 making one unique item at a time a wedding cake, a bridge
    batch production 批量生产 making a group of the same item, then switching bread in flavours
    flow production 流水线生产 making items non-stop on a line bottled drinks, cars
    mass customisation 大规模定制 a flow line that still lets customers choose options cars with chosen colours
    Three production methods: job (one unique item), batch (a group made then a switch) and flow (items moving non-stop along a line)
    The three methods of production

    Job production is flexible but costly per unit. Flow production has a low unit cost but needs high, steady demand.

    Explore · ⁨探索⁩

    Methods of production · ⁨生産方法⁩

    Firms choose how to produce depending on the product and the order size. · ⁨企業は、製品や発注量に応じて生産方法を選択します。⁩

    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    job production/dʒɒb prəˈdʌkʃn/ ジョブ生産
    batch production/bætʃ prəˈdʌkʃn/ バッチ生産
    flow production/fləʊ prəˈdʌkʃn/ フロー生産
    mass customisation/mæs ˌkʌstəmaɪˈzeɪʃn/ マスカスタマイゼーション
    4.1

    Sustainability and technology

    English

    Sustainability 可持续性 means meeting today's needs without harming the future or the planet. Sustainable operations cut waste, use less energy, recycle, and use materials that can be replaced.

    Technology 技术 is widely used in operations. Automation 自动化 (machines and robots doing tasks) raises output, improves quality and lowers cost, but it has a high set-up cost and can replace jobs.

    日本語

    Sustainability 可持续性 means meeting today's needs without harming the future or the planet. Sustainable operations cut waste, use less energy, recycle, and use materials that can be replaced.

    Technology 技术 is widely used in operations. Automation 自动化 (machines and robots doing tasks) raises output, improves quality and lowers cost, but it has a high set-up cost and can replace jobs.

    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    sustainability/səˌsteɪnəˈbɪlɪti/ 持続可能性
    technology/tekˈnɒlədʒi/ 技術
    automation/ˌɔːtəˈmeɪʃn/ 自動化
    4.2

    Inventory and why it matters

    Syllabus · ⁨シラバス⁩
    English
    1. explain the purpose of inventory and the costs of holding inventory
    2. interpret inventory control charts (re-order level, buffer inventory, lead time) and explain just-in-time (JIT) and just-in-case approaches
    日本語
    1. 在庫の目的および保管コストを説明する
    2. 在庫管理チャート(発注点、安全在庫、リードタイム)の解釈、およびジャストインタイム(JIT)およびジャストインケースアプローチを説明する

    Source: Cambridge International syllabus · ⁨出典: Cambridge International シラバス⁩

    English
    Stock control: the sawtooth chart

    Inventory 库存 (stock) is the goods a business holds: raw materials, part-finished goods, and finished goods waiting to be sold.

    A firm holds inventory so it can keep producing and meet customer orders quickly. But holding inventory has costs:

    • holding costs 持有成本 — storage, insurance, and money tied up in stock.
    • the risk that goods go out of date or are damaged.

    Holding too little stock is also risky: the firm may run out and lose sales.

    日本語
    Stock control: the sawtooth chart

    Inventory 库存 (stock) is the goods a business holds: raw materials, part-finished goods, and finished goods waiting to be sold.

    A firm holds inventory so it can keep producing and meet customer orders quickly. But holding inventory has costs:

    • holding costs 持有成本 — storage, insurance, and money tied up in stock.
    • the risk that goods go out of date or are damaged.

    Holding too little stock is also risky: the firm may run out and lose sales.

    Explore · ⁨探索⁩

    Leadership style lab · ⁨リーダーシップスタイルラボ⁩

    Pick the management style that fits each situation. · ⁨各状況に最適な経営スタイルを選択せよ。⁩

    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    inventory/ˈɪnvəntri/ インベントリ
    holding costs/ˈhəʊldɪŋ kɒsts/ 保有コスト
    4.2

    Inventory control charts

    English

    An inventory control chart 库存控制图 shows how stock rises when an order arrives and falls as it is used. Key terms:

    • re-order level 再订货水平 — the stock level at which a new order is placed.
    • lead time 交货周期 — the time between placing an order and receiving it.
    • buffer inventory 缓冲库存 — a minimum "safety" stock kept in case of delays or extra demand.
    • maximum inventory 最大库存 — the most stock the firm wants to hold.
    日本語

    An inventory control chart 库存控制图 shows how stock rises when an order arrives and falls as it is used. Key terms:

    • re-order level 再订货水平 — the stock level at which a new order is placed.
    • lead time 交货周期 — the time between placing an order and receiving it.
    • buffer inventory 缓冲库存 — a minimum "safety" stock kept in case of delays or extra demand.
    • maximum inventory 最大库存 — the most stock the firm wants to hold.
    Inventory control chart: stock falls steadily as it is used, an order is placed at the re-order level, and after the lead time the stock jumps back to its maximum, never dropping below the buffer stock
    Stock is used up, then replenished when a new order arrives after the lead time
    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    inventory control chart/ˈɪnvəntri kənˈtrəʊl tʃɑːt/ 在庫管理チャート
    re-order level/riː ˈɔːdə ˈlevl/ 発注ライン
    lead time/liːd taɪm/ リードタイム
    buffer inventory/ˈbʌfə ˈɪnvəntri/ バッファ在庫
    maximum inventory/ˈmæksɪməm ˈɪnvəntri/ 最大在庫量
    4.2

    Just-in-time and just-in-case

    English

    There are two main ways to manage stock.

    • just-in-time 准时制 (JIT) — stock arrives only as it is needed, so almost no inventory is held. This cuts holding costs and waste, but a late delivery can stop production.
    • just-in-case 备货制 — extra stock is held in case of problems. This is safer but costs more to store.
    日本語

    There are two main ways to manage stock.

    • just-in-time 准时制 (JIT) — stock arrives only as it is needed, so almost no inventory is held. This cuts holding costs and waste, but a late delivery can stop production.
    • just-in-case 备货制 — extra stock is held in case of problems. This is safer but costs more to store.
    Two stores side by side: a nearly empty one for just-in-time, and a nearly full one for just-in-case
    Just-in-time holds almost no stock (low cost, but risky if a delivery is late); just-in-case keeps a buffer (safer, but more to store)
    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    just-in-time/dʒʌst ɪn taɪm/ ジャストインタイム
    just-in-case/dʒʌst ɪn keɪs/ ジャストインケース
    4.3

    Capacity utilisation

    Syllabus · ⁨シラバス⁩
    English
    1. calculate and interpret capacity utilisation and explain the problems of under- and over-utilisation
    2. explain outsourcing and its benefits and drawbacks
    日本語
    1. 稼働率を計算・解釈し、過少・過度稼働の問題点を説明する
    2. アウトソーシングおよびその利点と欠点を説明する

    Source: Cambridge International syllabus · ⁨出典: Cambridge International シラバス⁩

    English

    Capacity 产能 is the most a business can produce with its current resources. Capacity utilisation 产能利用率 shows how much of that capacity is being used:

    $$\text{capacity utilisation} = \frac{\text{actual output}}{\text{maximum possible output}} \times 100\%$$
    • under-utilisation 产能利用不足 (a low figure) means resources sit idle, so the fixed cost spread over each unit is high.
    • over-utilisation 产能过度利用 (very close to 100%) leaves no time for repairs, can tire staff, and may lower quality.

    Most firms aim for a high but not full level, around 85–90%.

    Worked example. A factory can make $5000$ units a week but currently makes $4000$. Find its capacity utilisation.

    $$\text{capacity utilisation} = \frac{4000}{5000} \times 100\% = 80\%.$$

    This leaves $20\%$ spare. Winning an order for another $500$ units a week would lift utilisation to $90\%$, spreading the fixed costs over more units without needing new machines.

    日本語

    Capacity 产能 is the most a business can produce with its current resources. Capacity utilisation 产能利用率 shows how much of that capacity is being used:

    Actual output filling most of the maximum capacity, leaving a little spare
    Capacity utilisation: how much of the maximum output is used
    $$\text{capacity utilisation} = \frac{\text{actual output}}{\text{maximum possible output}} \times 100\%$$
    • under-utilisation 产能利用不足 (a low figure) means resources sit idle, so the fixed cost spread over each unit is high.
    • over-utilisation 产能过度利用 (very close to 100%) leaves no time for repairs, can tire staff, and may lower quality.

    Most firms aim for a high but not full level, around 85–90%.

    Worked example. A factory can make $5000$ units a week but currently makes $4000$. Find its capacity utilisation.

    $$\text{capacity utilisation} = \frac{4000}{5000} \times 100\% = 80\%.$$

    This leaves $20\%$ spare. Winning an order for another $500$ units a week would lift utilisation to $90\%$, spreading the fixed costs over more units without needing new machines.

    Explore · ⁨探索⁩

    Capacity utilisation lab · ⁨生産能力利用率の実験⁩

    utilisation = output / capacity · ⁨利用率 = 生産量 ÷ 生産能力⁩

    Change output and see how close the firm is to full capacity. · ⁨生産量を変えて、企業が完全生産能力にどれだけ近いかを確認します。⁩

    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    capacity/kəˈpæsɪti/ capacity(収容力)
    capacity utilisation/kəˈpæsɪti ˌjuːtɪlaɪˈzeɪʃn/ 稼働率
    under-utilisation/ˈʌndə ˌjuːtɪlaɪˈzeɪʃn/ 未活用
    over-utilisation/ˈəʊvə ˌjuːtɪlaɪˈzeɪʃn/ 過剰活用
    4.3

    Outsourcing

    English

    Outsourcing 外包 means paying another firm (a supplier 供应商) to do work the business used to do itself, such as cleaning, IT or making parts.

    Benefits: it can be cheaper, lets the firm focus on what it does best, and adds flexibility. Drawbacks: less control over quality, possible delays, and the risk of sharing secrets with another firm.

    日本語

    Outsourcing 外包 means paying another firm (a supplier 供应商) to do work the business used to do itself, such as cleaning, IT or making parts.

    Benefits: it can be cheaper, lets the firm focus on what it does best, and adds flexibility. Drawbacks: less control over quality, possible delays, and the risk of sharing secrets with another firm.

    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    outsourcing/aʊtˈsɔːsɪŋ/ アウトソーシング
    supplier/səˈplaɪə/ サプライヤー
    4.3

    Exam tips

    • Calculate capacity utilisation and productivity; high utilisation spreads fixed costs but leaves no slack for breakdowns or new orders.
    • Read an inventory control chart (re-order level, lead time, buffer stock, maximum stock).
    • Compare JIT vs JIC (low holding cost but delivery risk vs security of supply but higher cost).
    • Match the production method (job, batch, flow) to the product and the size of the order.
  • 5

    Finance and accounting · ⁨財務と会計⁩

    Watch lesson · ⁨レッスンを視聴⁩
    5.1

    Why a business needs finance

    Syllabus · ⁨シラバス⁩
    English
    1. explain the need for business finance (capital expenditure and revenue expenditure, working capital)
    2. distinguish the meaning of cash and profit
    日本語
    1. ビジネスファイナンス(固定資産投資および営業費、運転資金)の必要性について説明する
    2. キャッシュと利益の意味を区別する

    Source: Cambridge International syllabus · ⁨出典: Cambridge International シラバス⁩

    English

    Business finance 企业资金 is the money a firm needs to start, run and grow. A new firm needs money to buy premises 经营场所 and equipment; a growing firm needs money for new projects; and every firm needs money to pay day-to-day bills.

    日本語

    Business finance 企业资金 is the money a firm needs to start, run and grow. A new firm needs money to buy premises 经营场所 and equipment; a growing firm needs money for new projects; and every firm needs money to pay day-to-day bills.

    A modern bank branch building
    Banks are a key external source of finance, through loans and overdrafts.
    Explore · ⁨探索⁩

    Sources of finance lab · ⁨資金調達の仕組み⁩

    Choose the best type of finance by time, risk and ownership. · ⁨時期、リスク、所有権に基づいて最適な資金調達方法を選択する。⁩

    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    business finance/ˈbɪznəs ˈfaɪnæns/ ビジネスファイナンス
    premises/ˈpremɪsɪz/ 敷地・建物
    5.1

    Capital and revenue expenditure

    English

    Spending falls into two types:

    • capital expenditure 资本性支出 — money spent on fixed assets 固定资产 that last a long time, such as machines, vehicles and buildings.
    • revenue expenditure 收益性支出 — money spent on day-to-day running, such as wages, rent and raw materials.
    日本語

    Spending falls into two types:

    Capital expenditure buys long-lasting fixed assets; revenue expenditure pays day-to-day running costs
    Capital spending buys fixed assets; revenue spending covers running costs
    • capital expenditure 资本性支出 — money spent on fixed assets 固定资产 that last a long time, such as machines, vehicles and buildings.
    • revenue expenditure 收益性支出 — money spent on day-to-day running, such as wages, rent and raw materials.
    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    capital expenditure/ˈkæpɪtl ekˈspendɪtʃə/ 固定資産投資
    fixed assets/fɪkst ˈæsets/ 固定資産
    revenue expenditure/ˈrevənjuː ekˈspendɪtʃə/ 経費(収益支出)
    5.1

    Working capital

    English

    Working capital 营运资本 is the money a firm has for its daily needs. It is found from the balance sheet 资产负债表:

    $$\text{working capital} = \text{current assets} - \text{current liabilities}$$

    Here current assets 流动资产 are things that become cash within a year (cash, inventory, money owed by customers), and current liabilities 流动负债 are debts due within a year. Too little working capital is dangerous — the firm may not be able to pay its bills.

    日本語

    Working capital 营运资本 is the money a firm has for its daily needs. It is found from the balance sheet 资产负债表:

    $$\text{working capital} = \text{current assets} - \text{current liabilities}$$

    Here current assets 流动资产 are things that become cash within a year (cash, inventory, money owed by customers), and current liabilities 流动负债 are debts due within a year. Too little working capital is dangerous — the firm may not be able to pay its bills.

    Cash is working capital: firms need enough liquid assets to pay day-to-day bills
    Cash is working capital: firms need enough liquid assets to pay day-to-day bills
    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    working capital/ˈwɜːkɪŋ ˈkæpɪtl/ 運転資本
    balance sheet/ˈbæləns ʃiːt/ 貸借対照表
    current assets/ˈkʌrənt ˈæsets/ 流動資産
    current liabilities/ˈkʌrənt ˌlaɪəˈbɪlɪtiz/ 流動負債
    5.1

    Cash is not the same as profit

    English

    This is a key idea.

    • profit 利润 is what is left when total costs are taken from total revenue over a period.
    • cash 现金 is the money the firm actually has right now to spend.

    A firm can be profitable but still run out of cash — for example, if it sells goods but customers have not paid yet. Many firms fail not from low profit, but from running out of cash.

    日本語

    This is a key idea.

    • profit 利润 is what is left when total costs are taken from total revenue over a period.
    • cash 现金 is the money the firm actually has right now to spend.

    A firm can be profitable but still run out of cash — for example, if it sells goods but customers have not paid yet. Many firms fail not from low profit, but from running out of cash.

    Two boxes for the same firm: profit on paper is positive, but the cash in the bank is low because customers have not paid yet
    Profit and cash are different: a firm can look profitable on paper yet have no cash to pay its bills — which is why many fail
    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    profit/ˈprɒfɪt/ 利益
    cash/kæʃ/ 現金
    5.2

    Sources of finance

    Syllabus · ⁨シラバス⁩
    English
    1. describe internal and external, short- and long-term sources of finance (retained profit, sale of assets, share capital, loans, debentures, overdraft, leasing, hire purchase, trade credit, venture capital, crowdfunding, microfinance)
    2. explain the factors affecting the choice of source of finance
    日本語
    1. 内部・外部、短期・長期のファイナンスの調達源(留保利益、資産売却、株式資本、借入金、社債、過剰預金、リース、リース購入、商取引クレジット、ベンチャーキャピタル、クラウドファンディング、マイクロファイナンス)を記述する
    2. ファイナンスの調達源の選択に影響を与える要因について説明する

    Source: Cambridge International syllabus · ⁨出典: Cambridge International シラバス⁩

    English

    Finance can come from inside the business (internal sources 内部来源) or from outside (external sources 外部来源). It can also be short-term 短期 (paid back within a year) or long-term 长期.

    Source Type What it is
    retained profit 留存利润 internal, long profit kept in the business instead of paid out
    sale of assets 出售资产 internal selling items the firm no longer needs
    share capital 股本 external, long money raised by selling shares
    loan 贷款 external, long borrowed money repaid with interest
    debenture 公司债券 external, long a long-term loan certificate sold by a company
    overdraft 透支 external, short the bank lets the account go below zero for a short time
    leasing 租赁 external renting an asset instead of buying it
    hire purchase 分期付款 external buying an asset by paying in instalments
    trade credit 商业信用 external, short paying a supplier later (e.g. after 30 days)
    venture capital 风险资本 external, long money from investors into risky young firms
    crowdfunding 众筹 external small amounts raised from many people online
    microfinance 小额信贷 external small loans for people with little access to banks
    日本語
    A stock exchange trading area
    A stock exchange: public limited companies raise finance by selling shares.

    Finance can come from inside the business (internal sources 内部来源) or from outside (external sources 外部来源). It can also be short-term 短期 (paid back within a year) or long-term 长期.

    Source Type What it is
    retained profit 留存利润 internal, long profit kept in the business instead of paid out
    sale of assets 出售资产 internal selling items the firm no longer needs
    share capital 股本 external, long money raised by selling shares
    loan 贷款 external, long borrowed money repaid with interest
    debenture 公司债券 external, long a long-term loan certificate sold by a company
    overdraft 透支 external, short the bank lets the account go below zero for a short time
    leasing 租赁 external renting an asset instead of buying it
    hire purchase 分期付款 external buying an asset by paying in instalments
    trade credit 商业信用 external, short paying a supplier later (e.g. after 30 days)
    venture capital 风险资本 external, long money from investors into risky young firms
    crowdfunding 众筹 external small amounts raised from many people online
    microfinance 小额信贷 external small loans for people with little access to banks
    Tree splitting sources of finance into internal (retained profit, sale of assets, owners' savings) and external (share capital, loans, overdraft, leasing, trade credit, crowdfunding)
    Sources of finance come from inside the business (internal) or outside it (external)
    Explore · ⁨探索⁩

    Sources of finance lab · ⁨資金調達の仕組み⁩

    Choose the best type of finance by time, risk and ownership. · ⁨時期、リスク、所有権に基づいて最適な資金調達方法を選択する。⁩

    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    internal sources/ɪnˈtɜːnl ˈsɔːsɪz/ 内部調達
    external sources/ekˈstɜːnl ˈsɔːsɪz/ 外部調達
    short-term/ʃɔːt tɜːm/ 短期的
    long-term/lɒŋ tɜːm/ 長期的
    retained profit/rɪˈteɪnd ˈprɒfɪt/ 留保利益
    sale of assets/seɪl ɒv ˈæsets/ 資産売却
    share capital/ʃeə ˈkæpɪtl/ 株式資本
    loan/ləʊn/ ローン
    debenture/deˈbentʃə/ デベンチャー(社債)
    overdraft/ˈəʊvədræft/ 振替超過
    leasing/ˈliːsɪŋ/ リース
    hire purchase/ˈhaɪə ˈpɜːtʃɪs/ 貸借購入
    trade credit/treɪd ˈkredɪt/ 商取引信用
    venture capital/ˈventʃə ˈkæpɪtl/ ベンチャーキャピタル
    crowdfunding/ˈkraʊdfʌndɪŋ/ クラウドファンディング
    microfinance/ˌmaɪkrəʊfaɪˈnæns/ マイクロファイナンス
    5.2

    Choosing a source of finance

    English

    There is no single best source. The choice depends on:

    • the amount needed — large amounts may need shares or a long loan.
    • the purpose — long-term assets should use long-term finance.
    • the cost — interest and fees differ between sources.
    • the legal structure — only a company can sell shares.
    • how much the firm already owes, and whether it can offer collateral 抵押品 (an asset the lender can take if the loan is not repaid).
    日本語

    There is no single best source. The choice depends on:

    • the amount needed — large amounts may need shares or a long loan.
    • the purpose — long-term assets should use long-term finance.
    • the cost — interest and fees differ between sources.
    • the legal structure — only a company can sell shares.
    • how much the firm already owes, and whether it can offer collateral 抵押品 (an asset the lender can take if the loan is not repaid).
    Match the finance to the purpose: a short-term need such as stock uses short-term finance like an overdraft, while a long-term asset such as machinery uses long-term finance like a loan or shares
    Match the finance to the purpose: short-term needs use short-term finance, long-term assets use long-term finance
    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    collateral/kəˈlætərəl/ 担保
    5.3

    Cash-flow forecasts

    Syllabus · ⁨シラバス⁩
    English
    1. construct and interpret a cash-flow forecast and explain the causes of cash-flow problems
    2. explain methods of improving cash flow and the importance of working capital management
    日本語
    1. キャッシュフロー予測を作成・解釈し、キャッシュフローの問題の原因について説明する
    2. キャッシュフローの改善方法と運転資金管理の重要性について説明する

    Source: Cambridge International syllabus · ⁨出典: Cambridge International シラバス⁩

    English
    Cash-flow forecast

    A cash-flow forecast 现金流量预测 predicts the cash coming in and going out each month. It helps a firm spot a shortage early.

    • cash inflows 现金流入 — money coming in, mostly from sales.
    • cash outflows 现金流出 — money going out, such as wages and rent.
    • net cash flow 净现金流 — inflows minus outflows for the period.
    $$\text{net cash flow} = \text{cash inflows} - \text{cash outflows}$$

    The opening balance 期初余额 is the cash at the start of the month. Adding net cash flow gives the closing balance 期末余额, which becomes next month's opening balance.

    日本語
    Cash-flow forecast

    A cash-flow forecast 现金流量预测 predicts the cash coming in and going out each month. It helps a firm spot a shortage early.

    • cash inflows 现金流入 — money coming in, mostly from sales.
    • cash outflows 现金流出 — money going out, such as wages and rent.
    • net cash flow 净现金流 — inflows minus outflows for the period.
    $$\text{net cash flow} = \text{cash inflows} - \text{cash outflows}$$

    The opening balance 期初余额 is the cash at the start of the month. Adding net cash flow gives the closing balance 期末余额, which becomes next month's opening balance.

    Cash-flow forecast chart: monthly net cash flow bars (green when positive, orange when negative) and a closing-balance line that dips below zero into a cash shortage before recovering
    A cash-flow forecast tracks the closing balance each month, warning of a shortage early
    Explore · ⁨探索⁩

    A cash-flow forecast · ⁨キャッシュフロー見込み⁩

    A cash-flow forecast tracks money in and out each month — to spot a shortfall before it happens. · ⁨キャッシュフロー見込みは、月ごとの収入と支出を追跡し、不足が生じる前に検知するものである。⁩

    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    cash-flow forecast/kæʃ fləʊ ˈfɔːkæst/ キャッシュフロー予測
    cash inflows/kæʃ ˈɪnfləʊz/ 現金流入
    cash outflows/kæʃ aʊtˈfləʊz/ 現金流出
    net cash flow/net kæʃ fləʊ/ 純キャッシュフロー
    opening balance/ˈəʊpənɪŋ ˈbæləns/ 期首残高
    closing balance/ˈkləʊzɪŋ ˈbæləns/ 終結残高
    Watch lesson · ⁨レッスンを視聴⁩
    5.3

    Cash-flow problems and how to fix them

    English

    Common causes of cash-flow problems are: too many sales on credit, holding too much stock, buying too many assets at once, and overtrading 过度交易 (growing too fast for the cash available).

    Ways to improve cash flow:

    • bring cash in sooner — ask customers to pay faster, or offer discounts for quick payment.
    • delay cash going out — agree longer trade credit with suppliers.
    • arrange an overdraft or short loan to cover a gap.
    • hold less stock to free up cash.

    Good working capital management keeps enough cash to stay safe without holding so much that money sits idle.

    日本語

    Common causes of cash-flow problems are: too many sales on credit, holding too much stock, buying too many assets at once, and overtrading 过度交易 (growing too fast for the cash available).

    Ways to improve cash flow:

    • bring cash in sooner — ask customers to pay faster, or offer discounts for quick payment.
    • delay cash going out — agree longer trade credit with suppliers.
    • arrange an overdraft or short loan to cover a gap.
    • hold less stock to free up cash.

    Good working capital management keeps enough cash to stay safe without holding so much that money sits idle.

    Explore · ⁨探索⁩

    Cash-flow forecast lab · ⁨キャッシュフロー予測ラボ⁩

    Drag the monthly cash in, cash out and the one-off purchase — find the month that closes in the red, then fix it before it happens. · ⁨月別の現金収入、支出、および一時的な購入費をドラッグしてください。赤字で終了する月を見つけ、発生する前に修正します。⁩

    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    overtrading/ˌəʊvəˈtreɪdɪŋ/ 過剰取引
    5.4

    Costs and how we classify them

    Syllabus · ⁨シラバス⁩
    English
    1. classify costs (fixed, variable, direct, indirect, marginal, average) and use cost information for decision-making
    2. construct and interpret break-even analysis (break-even point, margin of safety, contribution) and explain its limitations
    日本語
    1. コストを分類する(固定費、変動費、直接費、間接費、限界費、平均費)こと、および意思決定にコスト情報を用いること
    2. 損益分岐点分析(損益分岐点、安全余剰、貢献益)を作成・解釈し、その制約について説明する

    Source: Cambridge International syllabus · ⁨出典: Cambridge International シラバス⁩

    English
    Break-even analysis, built line by line

    A cost 成本 is money the business spends to make its product. We sort costs in several ways:

    • fixed costs 固定成本 — costs that do not change with output, such as rent.
    • variable costs 可变成本 — costs that rise and fall with output, such as raw materials.
    • direct costs 直接成本 — costs clearly linked to one product, such as its materials.
    • indirect costs 间接成本 (overheads) — costs not linked to one product, such as manager salaries.
    • marginal cost 边际成本 — the cost of making one more unit.
    • average cost 平均成本 — the cost per unit, found by total cost ÷ number of units.

    Cost information helps managers set prices, choose what to make, and control spending.

    日本語
    Break-even analysis, built line by line

    A cost 成本 is money the business spends to make its product. We sort costs in several ways:

    • fixed costs 固定成本 — costs that do not change with output, such as rent.
    • variable costs 可变成本 — costs that rise and fall with output, such as raw materials.
    • direct costs 直接成本 — costs clearly linked to one product, such as its materials.
    • indirect costs 间接成本 (overheads) — costs not linked to one product, such as manager salaries.
    • marginal cost 边际成本 — the cost of making one more unit.
    • average cost 平均成本 — the cost per unit, found by total cost ÷ number of units.
    Cost behaviour chart: fixed cost stays flat, variable cost rises from zero, and total cost runs parallel above variable cost, separated by the fixed cost
    Total cost = fixed cost + variable cost; only variable cost rises with output

    Cost information helps managers set prices, choose what to make, and control spending.

    Explore · ⁨探索⁩

    Costs · ⁨原価⁩

    y = ax + b

    Total cost = fixed cost (intercept) + variable cost per unit (gradient). · ⁨総原価 = 固定費(切片)+ 変動費単位数(勾配)。⁩

    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    cost/kɒst/ コスト
    fixed costs/fɪkst kɒsts/ 固定費
    variable costs/ˈveərɪəbl kɒsts/ 変動費
    direct costs/daɪˈrekt kɒsts/ 直接原価
    indirect costs/ɪndaɪˈrekt kɒsts/ 間接原価
    marginal cost/ˈmɑːdʒɪnl kɒst/ 限界成本
    average cost/ˈævrɪdʒ kɒst/ 平均費用
    Watch lesson · ⁨レッスンを視聴⁩
    5.4

    Break-even analysis

    English

    Contribution 贡献 is how much each sale adds towards paying the fixed costs:

    $$\text{contribution per unit} = \text{selling price} - \text{variable cost per unit}$$

    Break-even 盈亏平衡 is the point where total revenue equals total costs, so profit is zero. The break-even point 盈亏平衡点 in units is:

    $$\text{break-even point} = \frac{\text{fixed costs}}{\text{contribution per unit}}$$

    The margin of safety 安全边际 is how far current sales are above the break-even point:

    $$\text{margin of safety} = \text{actual output} - \text{break-even output}$$

    Worked example. A product sells for £20 with a variable cost of £12 per unit. Fixed costs are £40,000, and the firm makes 6,000 units. Find the contribution per unit, the break-even output and the margin of safety.

    $$\text{contribution per unit} = \text{\pounds} 20 - \text{\pounds} 12 = \text{\pounds} 8$$
    $$\text{break-even point} = \frac{\text{\pounds} 40\,000}{\text{\pounds} 8} = 5\,000 \text{ units}$$
    $$\text{margin of safety} = 6\,000 - 5\,000 = 1\,000 \text{ units}$$

    A large margin of safety means sales can fall a lot before the firm makes a loss. Break-even analysis is quick and useful, but it has limitations 局限性: it assumes the selling price and costs stay the same, and that everything made is sold.

    日本語

    Contribution 贡献 is how much each sale adds towards paying the fixed costs:

    $$\text{contribution per unit} = \text{selling price} - \text{variable cost per unit}$$

    Break-even 盈亏平衡 is the point where total revenue equals total costs, so profit is zero. The break-even point 盈亏平衡点 in units is:

    $$\text{break-even point} = \frac{\text{fixed costs}}{\text{contribution per unit}}$$
    Break-even chart with the total revenue line crossing the total cost line at the break-even point; a loss region to the left and a profit region to the right, above the flat fixed-cost line
    The break-even point is where total revenue equals total cost — left of it is loss, right of it is profit

    The margin of safety 安全边际 is how far current sales are above the break-even point:

    $$\text{margin of safety} = \text{actual output} - \text{break-even output}$$

    Worked example. A product sells for £20 with a variable cost of £12 per unit. Fixed costs are £40,000, and the firm makes 6,000 units. Find the contribution per unit, the break-even output and the margin of safety.

    $$\text{contribution per unit} = \text{\pounds} 20 - \text{\pounds} 12 = \text{\pounds} 8$$
    $$\text{break-even point} = \frac{\text{\pounds} 40\,000}{\text{\pounds} 8} = 5\,000 \text{ units}$$
    $$\text{margin of safety} = 6\,000 - 5\,000 = 1\,000 \text{ units}$$

    A large margin of safety means sales can fall a lot before the firm makes a loss. Break-even analysis is quick and useful, but it has limitations 局限性: it assumes the selling price and costs stay the same, and that everything made is sold.

    Explore · ⁨探索⁩

    Break-even chart · ⁨損益分岐点チャート⁩

    Add a revenue line to the fixed-cost and total-cost lines. Where revenue meets total cost is the break-even point; beyond it the firm makes a profit. · ⁨固定原価線と総原価線に収益線を追加する。収益線と総原価線の交点が損益分岐点であり、そこから先では企業は利益を得る。⁩

    Explore · ⁨探索⁩

    Break-even analysis · ⁨損益分岐分析⁩

    Break-even is where total revenue crosses total cost. · ⁨損益分岐点とは、総収益が総原価と交差する地点である。⁩

    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    contribution/ˌkɒntrɪˈbjuːʃn/ 寄与
    break-even/breɪk ˈiːvən/ 損益分岐点
    break-even point/breɪk ˈiːvən pɔɪnt/ 損益分岐点
    margin of safety/ˈmɑːdʒɪn ɒv ˈseɪfti/ 安全余裕
    limitations/ˌlɪmɪˈteɪʃnz/ 限界
    5.5

    Budgets and variances

    Syllabus · ⁨シラバス⁩
    English
    1. explain the purpose of budgets and types of budget (incremental, zero-based)
    2. calculate and interpret variances (favourable and adverse) using variance analysis
    日本語
    1. 予算の目的と種類(増額予算、ゼロベース予算)について説明する
    2. 乖離分析を用いて乖離(有利および不利)を計算・解釈する

    Source: Cambridge International syllabus · ⁨出典: Cambridge International シラバス⁩

    English

    A budget 预算 is a financial plan for the future — a target for income or spending. Budgets help a firm plan, control money, and check performance. Two types are:

    • incremental budget 增量预算 — last year's budget changed by a small amount.
    • zero-based budget 零基预算 — every cost must be explained from zero each year.

    A variance 差异 is the difference between the budgeted figure and the actual figure:

    $$\text{variance} = \text{actual figure} - \text{budgeted figure}$$

    Worked example. A firm budgeted £30,000 for wages but actually spent £34,000. Find the variance and say whether it is favourable or adverse.

    $$\text{variance} = \text{\pounds} 34\,000 - \text{\pounds} 30\,000 = \text{\pounds} 4\,000$$

    Costs came in higher than planned, so this is an adverse variance.

    • a favourable variance 有利差异 is better for profit (costs lower, or revenue higher, than planned).
    • an adverse variance 不利差异 is worse for profit (costs higher, or revenue lower, than planned).

    Studying variances shows managers where the plan went wrong, so they can act.

    日本語

    A budget 预算 is a financial plan for the future — a target for income or spending. Budgets help a firm plan, control money, and check performance. Two types are:

    • incremental budget 增量预算 — last year's budget changed by a small amount.
    • zero-based budget 零基预算 — every cost must be explained from zero each year.

    A variance 差异 is the difference between the budgeted figure and the actual figure:

    $$\text{variance} = \text{actual figure} - \text{budgeted figure}$$
    A variance is actual minus budget: the firm budgeted 30,000 pounds but spent 34,000, giving a plus 4,000 variance that is adverse because it hurts profit
    A variance is actual minus budget; favourable helps profit, adverse hurts it

    Worked example. A firm budgeted £30,000 for wages but actually spent £34,000. Find the variance and say whether it is favourable or adverse.

    $$\text{variance} = \text{\pounds} 34\,000 - \text{\pounds} 30\,000 = \text{\pounds} 4\,000$$

    Costs came in higher than planned, so this is an adverse variance.

    • a favourable variance 有利差异 is better for profit (costs lower, or revenue higher, than planned).
    • an adverse variance 不利差异 is worse for profit (costs higher, or revenue lower, than planned).

    Studying variances shows managers where the plan went wrong, so they can act.

    Budget vs actual bar chart: favourable and adverse variances on costs and revenue
    Variance = actual − budget: cost overspend is adverse; revenue over-earn is favourable
    Explore · ⁨探索⁩

    Budget control cycle · ⁨予算管理サイクル⁩

    Follow how a budget becomes a control system, not just a number. · ⁨予算が単なる数字ではなく、管理システムとなるプロセスを確認してください。⁩

    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    budget/ˈbʌdʒɪt/ 予算
    incremental budget/ˌɪŋkrɪˈmentl ˈbʌdʒɪt/ 増額予算
    zero-based budget/ˈzɪərəʊ beɪst ˈbʌdʒɪt/ ゼロベース予算
    variance/ˈveərɪəns/ 分散
    favourable variance/ˈfeɪvərəbl ˈveərɪəns/ 有利なバリアンス
    adverse variance/ædˈvɜːs ˈveərɪəns/ 不利なバリアンス
    5.5

    Exam tips

    • Show that cash is not profit — a profitable firm can still fail from a cash-flow shortage.
    • For break-even: contribution per unit $=$ price $-$ variable cost; break-even $=$ fixed costs $\div$ contribution; margin of safety $=$ actual $-$ break-even output.
    • Match a source of finance to the need (short-term for cash flow, long-term or equity for assets) and to the type of business.
    • Calculate a variance and label it favourable or adverse (actual against budget).
  • 6

    Business and its environment (A Level) · ⁨ビジネスとその環境(A-Level)⁩

    Watch lesson · ⁨レッスンを視聴⁩
    6.1

    External influences on business · ⁨企業への外部影響⁩

    Syllabus · ⁨シラバス⁩
    English
    1. explain the impact of economic factors (business cycle, interest rates, exchange rates, inflation, taxation, unemployment) on business
    2. explain the impact of political, legal, social, technological, environmental and ethical influences on business
    日本語
    1. 経済的要因(景気循環、金利、為替レート、インフレ、税金、失業率)が企業に与える影響について説明する
    2. 政治的、法的、社会的、技術的、環境的、倫理的な影響が企業に与える影響について説明する

    Source: Cambridge International syllabus · ⁨出典: Cambridge International シラバス⁩

    English

    A business cannot control everything. External influences 外部影响 are forces outside the firm that affect how it works. The firm must watch them and adapt. We group them into economic factors and wider (political, legal, social and other) factors.

    日本語

    企業はすべてを制御することはできない。外部影響とは、企業の外側から活動に影響を与える要因である。企業はこれらを監視し、適応する必要がある。経済的要因と、それらを含む広い範囲の要因(政治、法的、社会的その他)に分類する。

    港に積まれたコンテナ
    積み重ねられたコンテナ:グローバル化により、企業が世界中で取引・生産を行っている。
    Explore · ⁨探索⁩

    External influences lab · ⁨外部影響ラボ⁩

    Classify outside changes by the channel that hits the business. · ⁨ビジネスに影響を与える経路によって外部の変化を分類せよ。⁩

    6.1

    The business cycle · ⁨景気循環⁩

    English

    The business cycle 经济周期 is the way the whole economy rises and falls over time. It has four stages:

    • boom 繁荣 — fast growth; high demand, but rising costs and prices.
    • recession 衰退 — falling demand and output; sales drop and some firms close.
    • slump 萧条 — a deep, long recession with very low demand.
    • recovery 复苏 — demand and output start to rise again.

    In a boom, firms expand; in a recession, they cut costs, hold less stock, and may aim only to survive.

    日本語

    景気循環とは、経済全体が時間とともに変動する様式である。4つの段階がある:

    • ブーム — 急速な成長;需要が高まるが、コストと物価も上昇する。
    • 不況 — 需要と生産量の低下;売上が落ち、一部の企業が撤退する。
    • 沈滞期 — 深刻で長期的な不況で、需要が極めて低い状態。
    • 回復 — 需要と生産量が再び上昇し始める。
    景気循環の生産量推移波:ブームで上昇し、不況を経て沈滞期へ下降し、回復へと移り、上昇傾向線を中心に推移する
    景気循環は長期トレンドを中心に、ブーム、不況、沈滞期、回復を経る

    ブームでは企業が拡大し、不況ではコスト削減、在庫圧縮を行い、生存だけを目的とする場合もある。

    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    external influences/ekˈstɜːnl ˈɪnfluːənsɪz/ 外部要因
    business cycle/ˈbɪznəs ˈsaɪkl/ 景気循環
    boom/buːm/ ブーム
    recession/rɪˈseʃn/ 景気後退
    slump/slʌmp/ 不況
    recovery/rɪˈkʌvəri/ 回復期
    6.1

    Interest rates · ⁨金利⁩

    English

    The interest rate 利率 is the price of borrowing money, set as a percentage. When interest rates rise:

    • loans and mortgages cost more, so customers spend less.
    • firms with loans pay more, which lowers their profit.
    • new investment is less likely, because borrowing is dear.

    When interest rates fall, the opposite happens and spending usually rises.

    日本語

    金利とは、借入金の価格であり、パーセンテージで表される。金利が上昇すると:

    金利上昇:ローン費用が増加、顧客の消費減、投資の減少
    金利上昇は借入コストを増やし、支出を減らす
    • ローンや住宅ローンは高騰するため、顧客の消費は減る。
    • ローンを持つ企業は利息負担が増え、利益が低下する。
    • 借入コストが高いため、新規投資が行われにくくなる。

    金利が下落すると、逆の現象が起こり、一般的に消費は増加する。

    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    interest rate/ˈɪntrest reɪt/ 金利
    6.1

    Exchange rates · ⁨為替レート⁩

    English

    The exchange rate 汇率 is the price of one currency in terms of another. It changes all the time.

    • if the local currency rises in value (appreciation 升值), exports become dearer abroad and imports become cheaper.
    • if the local currency falls in value (depreciation 贬值), exports become cheaper abroad and imports become dearer.

    So an exporter 出口商 often gains from a weaker currency, while an importer 进口商 often gains from a stronger one.

    日本語

    為替レートとは、ある通貨が他通貨に対してどれだけの価値があるかを示す価格である。常に変動する。

    • 自国通貨の価値が上がる場合(高値)、海外での輸出価格は高めになり、輸入品は安くなる。
    • 自国通貨の価値が下落する(為替安/デプレシアション)と、輸出品は海外で安くなり、輸入品は高くなる。

    そのため、輸出業者は通貨安から利益を得ることが多い一方、輸入業者は通貨高から利益を得ることが多い。

    2つの箱:通貨高(appreciation)は輸出を高くし輸入を安くする;通貨安(depreciation)は輸出を安くし輸入を高くする
    通貨高は輸出を高くし輸入を安くするが、通貨安はその逆である——つまり、同じ変動は片方には有利だが、他方には不利となる
    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    exchange rate/eksˈtʃeɪndʒ reɪt/ 為替レートである
    appreciation/əˌpriːʃɪˈeɪʃn/ 評価額引き下げ
    depreciation/dɪˌpriːʃɪˈeɪʃn/ 高値
    exporter/ekˈspɔːtə/ 輸出国となる
    importer/ɪmˈpɔːtə/ 輸入国となる
    6.1

    Inflation · ⁨インフレ⁩

    English

    Inflation 通货膨胀 is a general rise in prices over time. High inflation raises a firm's costs (materials and wages), makes planning harder, and can cut what customers can afford to buy. Low, steady inflation is usually best for business.

    日本語

    インフレとは、時間の経過とともに物価が一般的に上昇することである。高いインフレは企業のコスト(原材料や賃金)を押し上げ、計画立案を難しくし、顧客の購買力を低下させる可能性がある。低く安定したインフレは、企業にとっては通常最も望ましい。

    時間とともに上昇する線:インフレとは物価の上昇のこと
    インフレとは、時間の経過とともに持続的に上昇する物価のこと
    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    inflation/ɪnˈfleɪʃn/ インフレ
    taxation/tækˈseɪʃn/ 租税
    direct tax/daɪˈrekt tæks/ 直接税
    indirect tax/ɪndaɪˈrekt tæks/ 間接税
    unemployment/ʌnemˈplɔɪmənt/ 失業とのトレードオフを示す
    6.1

    Taxation and unemployment · ⁨税制と失業⁩

    English

    Taxation 税收 is money the government takes from people and firms.

    • a direct tax 直接税 is taken from income or profit (e.g. income tax, corporation tax).
    • an indirect tax 间接税 is added to spending (e.g. sales tax on goods).

    Higher taxes leave people and firms with less money to spend, so demand falls.

    Unemployment 失业 is the number of people who want work but cannot find it. High unemployment lowers demand, but it also makes workers easier and cheaper to hire.

    Worked example. A house-builder has £8m of variable-rate loans. The central bank raises interest rates from 2% to 5%. Explain the effect on this business. Answer on both sides. On costs: annual interest rises from 8m × 0.02 = £160,000 to 8m × 0.05 = £400,000, so £240,000 comes straight off profit. On demand: mortgages become dearer, so fewer buyers can afford a house - and because houses are bought on credit and are a postponable purchase, demand falls sharply. Both effects strike this firm at once, which is why a highly geared house-builder is unusually sensitive to interest rates. Always give the cost of borrowing and the demand effect, and tie the size of the demand effect to whether the product is bought on credit - the same rate rise barely touches a firm selling cheap everyday goods with no debt.

    日本語

    税制とは、政府が個人や企業から徴収する資金のことである。

    • 直接税は所得や利益から徴収される(例:所得税、法人税)。
    • 間接税は支出額に加算される(例:商品の販売税)。

    税金が高くなると、個人や企業が使えるお金が減るため、需要が低下する。

    失業とは、仕事を探しているのに見つからない人の数を指す。高い失業率は需要を低下させるが、同時に労働者を雇いやすく、かつ安価にする効果もある。

    計算例。 住宅建設業者が£8百万の変動金利 loans を持っている。中央銀行が利子を2%から5%に引き上げた。この企業への影響を説明せよ。両面から答えよ。コスト面では:年間の利息が8百万 × 0.02 = £160,000 から 8百万 × 0.05 = £400,000 に上昇するため、Profitから直接£240,000が減る。需要面では:住宅ローンが高くなるため、住宅を買える購入者が減る—住宅は信用で買われ延期可能な購買であるため、需要は急落する。これらの両方の影響が同時にこの企業に打撃を与えるため、高いレバレッジを持つ住宅建設業者は利子率に対して特に敏感である。常に借入コストおよび需要効果の両方を示し、需要効果の大きさを信用购买かどうかに関連させよ—同じ利上げでも、借金のない安価な日用品を販売する企業にはほとんど影響を与えない。

    6.1

    Political, legal and social influences · ⁨政治的・法的・社会的要因⁩

    English
    • political 政治 — government decisions, trade rules and stability affect how firms plan.
    • legal 法律 — firms must obey legislation 法规 on employment, consumer safety, competition and the environment. Breaking the law brings fines and bad publicity.
    • social 社会 — changes in society, such as ageing populations or new tastes, change what people buy.
    日本語
    マクドナルドのレストランとそのゴールデンアーチ
    多国籍企業の店舗は世界中で同一の姿をしている——多くの法的・社会的環境において運営されているグローバルブランドである。
    • 政治的——政府の決定、貿易ルール、政治情勢の安定性が企業の計画に与える影響。
    • 法的——企業は雇用、消費者安全、競争、環境に関する法令(legislation) を遵守しなければならない。違法行為は罰金や悪影響をもたらす。
    • 社会的——高齢化や新しい嗜好など社会の変化は、人々の消費行動を変える。
    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    legislation/ˌledʒɪˈsleɪʃn/ 立法
    6.1

    Technological, environmental and ethical influences · ⁨技術的・環境的・倫理的要因⁩

    English
    • technological 技术 — new technology can create new products and cut costs, but firms must keep up or fall behind.
    • environmental 环境 — firms face pressure and rules to cut pollution and waste, and to act in a sustainable way.
    • ethical 道德 — acting in a morally right way (fair pay, honest selling) builds trust, even if it costs more.

    Together these wider factors are often studied with a PESTLE analysis 宏观环境分析, which checks Political, Economic, Social, Technological, Legal and Environmental forces.

    日本語
    • 技術的——新技術は新製品の創出やコスト削減をもたらすが、企業も追随否则遅れをとる。
    • 環境的——企業は排出量や廃棄物の削減、持続可能な活動を行うよう圧力や規制を受ける。
    • 倫理的——適正な給与や正直な販売など、道徳的に正しい行動をとることは、コストがかさむ場合でも信頼を築く。

    これら広い範囲の要因は、政治(Political)、経済(Economic)、社会(Social)、技術(Technological)、法(Legal)、環境(Environmental)の各要因を確認するためのPESTLE分析として研究されることが多い。

    事業が中心にあり、その周囲に6つの外部要因——政治、経済、社会、技術、法、環境——が配置されたPESTLE図表
    PESTLEは、事業に影響を与える6つの広い外部要因を分類する
    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    political/pəˈlɪtɪkl/ 政治的
    legal/ˈliːɡl/ 法的
    social/ˈsəʊʃl/ 社会的
    technological/ˌteknəˈlɒdʒɪkl/ 技術的なものだった
    environmental/enˌvaɪrənˈmentl/ 環境的
    ethical/ˈeθɪkl/ 倫理的
    PESTLE analysis/ˈpesl əˈnæləsɪs/ PESTLE分析
    6.2

    What strategy means · ⁨戦略の意味⁩

    Syllabus · ⁨シラバス⁩
    English
    1. explain the meaning of strategy and strategic management
    2. use strategic analysis tools (SWOT analysis, and other planning tools) to inform business decisions
    日本語
    1. 戦略および戦略的意思決定の意味を説明する
    2. 戦略分析ツール(SWOT分析、その他の計画ツール)を用いて企業の意思決定に役立てる

    Source: Cambridge International syllabus · ⁨出典: Cambridge International シラバス⁩

    English

    A strategy 战略 is a long-term plan to reach the firm's main objectives. Strategic management 战略管理 is the work of setting that plan, putting it into action, and checking it. Good strategy aims to build a competitive advantage 竞争优势 — a reason customers choose you over rivals, such as lower cost or a better product.

    日本語

    戦略(strategy) とは、企業の主要目標を達成するための長期計画である。戦略的管理(strategic management) とは、その計画を立て、実行し、検証する作業を指す。優れた戦略は、より低いコストやより良い製品といった理由により顧客に選ばれるための競争優位性(competitive advantage) を構築することを目的とする。

    Explore · ⁨探索⁩

    SWOT strategy lab · ⁨SWOT戦略ラボ⁩

    Sort strategy evidence into internal and external factors. · ⁨戦略証拠を内部要因と外部要因に分類せよ。⁩

    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    strategy/ˈstrætədʒi/ 戦略
    strategic management/strəˈtiːdʒɪk ˈmænɪdʒmənt/ 戦略的管理
    competitive advantage/kəmˈpetɪtɪv ədˈvæntɪdʒ/ 競争優位性
    SWOT analysis/swɒt əˈnæləsɪs/ SWOT分析
    6.2

    SWOT analysis · ⁨SWOT分析⁩

    English

    A SWOT analysis SWOT分析 studies a firm's position under four headings:

    Internal (inside the firm) External (outside the firm)
    strengths 优势 — what it does well opportunities 机会 — chances to grow
    weaknesses 劣势 — what it does poorly threats 威胁 — dangers it faces

    A firm should use its strengths to take opportunities, and fix or protect against its weaknesses and threats.

    日本語

    SWOT分析 は、企業の状況を4つのカテゴリーで調べる手法である。

    内部(企业内部) 外部(企业外部)
    強み(strengths) ——得意なこと 機会(opportunities) ——成長のチャンス
    弱み(weaknesses) ——苦手なこと 脅威(threats) ——直面する危険
    SWOTグリッド:上部に内部の強み(有益)と弱み(有害)、下部に外部の機会(有益)と脅威(有害)
    SWOT分析:内部の強みと弱み、外部の機会と脅威

    企業は強みを使って機会を活かし、弱みや脅威を修正または防御すべきである。

    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    strengths/streŋθs/ 強み
    opportunities/ɒpəˈtjuːnɪtiz/ 機会
    weaknesses/ˈwiːknəsɪz/ 弱み
    threats/θrets/ 脅威
    6.2

    Other planning tools · ⁨その他の計画ツール⁩

    English

    Firms use other tools to make decisions, such as decision trees (weighing choices by their likely results) and the matrices you meet later in marketing and operations. Every planning tool turns information about the business and its environment into a clearer choice.

    日本語

    企業は意思決定のための他のツールを使用する。例えば、意思決定木(可能性のある結果に基づいて選択肢を比較するもの)や、マーケティングおよびオペレーションズで後ほど登場するマトリクスなどがある。すべての計画ツールは、企業および環境に関する情報をより明確な選択に変換するものである。

    意思決定木:四角形の意思決定ノードが「製品発売」(成功・失敗の結果とその報酬を含む確率ノードにつながる)と「発売しない」(確定的な報酬)に分岐する
    意思決定木は、各選択肢の結果の確度とリターンに基づいて重み付けを行う
    Explore · ⁨探索⁩

    Decision tree & EMV lab · ⁨意思決定木 & EMVラボ⁩

    Drag the probability and payoffs — the tree rolls back to an expected value for each option, and the losing branch gets the exam cut marks. · ⁨確率とペイオフをドラッグしてください。木は各選択肢について期待値に逆転計算され、負ける枝には試験の減点 marking が表示されます。⁩

    6.2

    Exam tips · ⁨試験対策⁩

    English
    • Explain how a change in interest rates, the exchange rate or inflation affects a firm on both the cost and the demand side.
    • A stronger exchange rate makes exports dearer and imports cheaper (SPICED / WPIDEC).
    • Use SWOT correctly: strengths and weaknesses are internal, opportunities and threats are external.
    • Support a strategy with a PEST/PESTLE scan of the external environment.
    日本語
    • 金利、為替レート、インフレの変化が、コスト面と需要面の両方において企業に与える影響を説明せよ。
    • 通貨高は輸出を高くし輸入を安くする(SPICED / WPIDEC)。
    • SWOT を正しく使用すること:強みと弱みは内部、機会と脅威は外部である。
    • 戦略を支持するために、外部環境に対するPEST/PESTLEスキャンを行うこと。
  • 7

    Human resource management (A Level) · ⁨人事管理(A-Level)⁩

    Watch lesson · ⁨レッスンを視聴⁩
    7.1

    Organisational structure · ⁨組織構造⁩

    Syllabus · ⁨シラバス⁩
    English
    1. explain organisational structures (hierarchy, chain of command, span of control, centralisation, decentralisation, delayering, matrix structures)
    2. explain delegation, accountability and the impact of structure on business performance
    日本語
    1. 組織構造(階層制、指揮系統、統轄幅、集権化、分権化、扁平化、マトリックス構造)を説明する
    2. 委任、責任、および構造が企業業績に与える影響について説明する

    Source: Cambridge International syllabus · ⁨出典: Cambridge International シラバス⁩

    English

    An organisational structure 组织结构 shows how a business arranges its people: who reports to whom, and who does what. A good structure makes roles clear and helps the firm meet its objectives. It is often drawn as an organisation chart.

    日本語

    組織構造は、企業が人員をどのように配置しているかを示します:誰が誰に報告し、誰が何をするかです。良い構造は役割を明確にし、企業が目標を達成するのを助けます。多くの場合、組織図として描かれます。

    Explore · ⁨探索⁩

    Choose the ownership form · ⁨所有形態を選択する⁩

    Compare ownership, control and liability in real business types. · ⁨実際のビジネスタイプにおける所有、管理、責任を比較せよ。⁩

    7.1

    Key terms in structure · ⁨構造における重要用語⁩

    English
    • a hierarchy 层级 is the set of levels in a firm, from the top managers down to the shop-floor workers. A "tall" structure has many levels; a "flat" structure has few.
    • the chain of command 指挥链 is the line along which orders pass down, from the top to the bottom.
    • the span of control 管理幅度 is the number of staff one manager is directly in charge of. A wide span means many staff per manager; a narrow span means few.

    A tall structure has narrow spans and a long chain of command, so messages travel slowly. A flat structure has wide spans, so managers must trust staff more.

    日本語
    • 階層とは、トップマネージャーから現場作業員まで、企業のレベルのセットです。「高い」構造には多くのレベルがあり、「平らな」構造には少ないレベルがあります。
    • 命令系統とは、トップからボトムへ命令が下りていくラインのことです。
    • 統轄範囲とは、一人のマネージャーが直接指揮する従業員の数です。広い統轄範囲はマネージャーあたりの従業員数が多く、狭い統轄範囲は少ないことを意味します。
    ディレクターが二人のマネージャーの下にあり、それぞれが三人の従業員を指揮する組織図(上から下への命令系統と、マネージャーの統轄範囲を示す)
    組織図は命令系統と各マネージャーの統轄範囲を示しています

    高い構造は統轄範囲が狭く命令系統が長いため、情報の伝達が遅くなります。平らな構造は統轄範囲が広いため、マネージャーは従業員をより信頼する必要があります。

    二つの組織図が並んでいる画像:多くのレベルと狭い統轄範囲を持つ高い構造、および少ないレベルと広い統轄範囲を持つ平らな構造
    高層型は多くの階層と狭い管理幅を持ち、平層型は少ない階層と広い管理幅を持つ
    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    organisational structure/ˌɔːɡənaɪˈzeɪʃənl ˈstrʌktʃə/ 組織構造
    hierarchy/ˈhaɪərɑːki/ 階層構造
    chain of command/tʃeɪn ɒv kəˈmænd/ 指揮系統
    span of control/spæn ɒv kənˈtrəʊl/ 統御幅
    7.1

    Centralisation and decentralisation · ⁨集権化と分権化⁩

    English
    • centralisation 集权 — most decisions are made at the top. This gives strong control and quick, consistent decisions, but ignores local knowledge.
    • decentralisation 分权 — decisions are shared out to lower levels and local branches. This speeds up decisions and motivates staff, but control is weaker.

    Most firms sit somewhere between the two.

    日本語
    • 集権化 — ほとんどの意思決定はトップで行われます。これは強い統制と迅速で一貫した意思決定をもたらしますが、地元の知識を無視します。
    • 分権化 — 意思決定は下部レベルや現地の支店に分担されます。これは意思決定を高速化し従業員を動機づけますが、統制は弱まります。
    トップが決定する集権化と、支店が決定する分権化が並んでいる画像
    集中化: 最上位が決定。分散化: 支店が決定

    ほとんどの企業はこの二つの間にあると言えます。

    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    centralisation/ˌsentrəlaɪˈzeɪʃn/ 集権化
    decentralisation/dɪˌsentrəlaɪˈzeɪʃn/ 分散化
    delayering/dɪˈleɪərɪŋ/ レベル削減
    7.1

    Delayering and matrix structures · ⁨レイヤードロップとマトリクス構造⁩

    English

    Delayering 精简层级 means removing one or more levels of management. It cuts cost and shortens the chain of command, but it gives the remaining managers more to do.

    A matrix structure 矩阵结构 groups staff by both their department and the project they work on, so a worker may report to two managers. It is good for teamwork across departments, but the two-boss system can cause confusion.

    日本語

    レイヤードロップとは、管理レベルの一つまたはいくつかを取り除くことです。コスト削減と命令系統の短縮につながりますが、残ったマネージャーにはより多くの仕事が行き渡ります。

    マトリクス構造は、従業員を部署と彼らが携わるプロジェクトの両方によってグループ化するため、一人の従業員が二人のマネージャーに報告することがあります。部署間のチームワークには適していますが、ダブルボス制度は混乱を招くことがあります。

    マトリクス構造のグリッド:機能行(マーケティング、財務、生産)とプロジェクト列(プロジェクトA、プロジェクトB)が交わり、各従業員が機能マネージャーとプロジェクトマネージャーの両方に報告する様子
    マトリクス構造では、従業員は二人のマネージャー、つまり機能マネージャーとプロジェクトマネージャーの両方に報告します
    Explore · ⁨探索⁩

    Business case lab · ⁨ビジネスケースラボ⁩

    Classify real decisions so the main business concept becomes concrete. · ⁨実際の意思決定を分類し、主要なビジネス概念を具体的に示す。⁩

    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    matrix structure/ˈmeɪtrɪks ˈstrʌktʃə/ マトリックス型構造
    7.1

    Delegation and accountability · ⁨委譲と責任⁩

    English

    Delegation 授权 means a manager gives a task, and the power to do it, to a more junior worker. It frees the manager's time, develops staff, and motivates them.

    But a manager who delegates is still accountable — the accountability 问责 for the result stays with them. So managers must delegate to people they trust, and still check the outcome.

    Worked example. A firm has 5 levels of hierarchy and a span of control of 4. It delayers to a span of 8. What changes, and what is the risk? A wider span means each manager handles more subordinates, so fewer managers are needed at each level and the structure becomes flatter and wider. Communication improves, because a message now passes through fewer levels, and the wage bill falls. The risks are real too: each manager now supervises 8 people instead of 4, so there is less time per subordinate and weaker control; workloads rise; and the staff who remain lose promotion rungs, which can demotivate. Link the span of control to the number of levels - for the same workforce, a wider span always gives a flatter structure - and present the trade-off as speed and cost against control and supervision.

    日本語

    委譲とは、マネージャーがタスクとそれを行う権限を、より年配の低い立場の従業員に与えることです。これによりマネージャーの時間が解放され、従業員の成長と動機付けが進みます。

    タスクとそれを行う権限が従業員へと下りるが、責任はマネージャーの上に残っている様子
    委任はタスクと権限を下に渡すが、責任は上に残る

    しかし、委譲したマネージャーも依然として責任を負っています。結果に対する責任は彼らにあります。したがって、マネージャーは信頼できる人に委譲し、結果を確認し続ける必要があります。

    計算例。 企業に階層レベルが5、統制幅が4ある。これを统制幅8に変更する。何が変わるか、リスクは何か? 広い統制幅は各マネージャーがより多くの部下を管理するため、各レベルでのマネージャー数が少なくなり、組織はフラットで広くなる。コミュニケーションが改善される(メッセージが通るレベルが減る)、人件費が下がる。リスクも実際に存在する:各マネージャーが8人を管理するようになり、4人の時より部下一人あたりの時間が減少して統制力が弱まる;業務負担が増加する;残ったスタッフは昇進の階段を失い、意欲が低下する可能性がある。統制幅をレベル数に関連付けよ—同一 workforce であれば、広い統制幅は常にフラットな構造をもたらす—そして速度とコストとのトレードオフとして、統制と監視を表せ。

    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    delegation/ˌdelɪˈɡeɪʃn/ 権限委譲
    accountability/əˌkaʊntəˈbɪlɪti/ 説明責任
    7.2

    Business communication · ⁨ビジネス・コミュニケーション⁩

    Syllabus · ⁨シラバス⁩
    English
    1. explain the process, methods and importance of effective communication
    2. explain barriers to communication and how to improve communication in a business
    日本語
    1. 効果的なコミュニケーションのプロセス、方法、重要性について説明する
    2. コミュニケーションの障壁と、企業内でのコミュニケーション改善方法について説明する

    Source: Cambridge International syllabus · ⁨出典: Cambridge International シラバス⁩

    English

    Communication 沟通 is the passing of a message from one person to another. Effective communication follows a clear path:

    • a sender 发送者 has a message.
    • the message is sent through a medium 媒介 (e.g. a meeting, email or notice).
    • a receiver 接收者 takes in the message.
    • feedback 反馈 shows the message was understood.

    Good communication raises motivation, cuts mistakes, and speeds up decisions. Methods can be verbal (spoken), written, or visual; the best method depends on the message, the cost, and the need for a record.

    日本語

    コミュニケーションとは、一人の人物からもう一人へメッセージを伝えることです。効果的なコミュニケーションには明確な道筋が必要です:

    • 送信者はメッセージを持っています。
    • メッセージは媒体(例:会議、メール、掲示物)を通じて送られます。
    • 受信者がメッセージを受け取ります。
    • フィードバックによりメッセージが理解されたことが確認されます。
    コミュニケーションプロセス:送信者が媒体を通じてメッセージを受信者に渡し、フィードバックが受信者から送信者へ戻ってくる様子
    メッセージは送信者から受信者へ流れ、フィードバックにより理解されたことが確認されます

    良いコミュニケーションは意欲を高め、ミスを減らし、意思決定を加速させます。方法は口頭(話し)、書面、または視覚的であり、最適な方法はメッセージの内容、コスト、記録が必要かどうかによります。

    Explore · ⁨探索⁩

    Communication route lab · ⁨コミュニケーションルート実験⁩

    Watch a message move from sender to feedback and see where noise can enter. · ⁨メッセージが送信者からフィードバックまで移動する様子を見、ノイズが入り得る箇所を確認する。⁩

    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    communication/kəˌmjuːnɪˈkeɪʃn/ 通信
    sender/ˈsendə/ 送信者
    medium/ˈmiːdɪəm/ 媒質
    receiver/rɪˈsiːvə/ 受信者
    feedback/ˈfiːdbæk/ フィードバック
    barrier/ˈbærɪə/ バリア
    7.2

    Barriers to communication · ⁨コミュニケーションの障壁⁩

    English

    A barrier 障碍 is anything that stops a message getting through clearly. Common barriers are:

    • a message that is too long or unclear.
    • a poor medium (e.g. a noisy phone line).
    • too many levels in the hierarchy, so the message is changed on the way.
    • language or cultural differences, and lack of trust.

    To improve communication, a firm can shorten the chain of command, choose the right medium, keep messages short and clear, and always ask for feedback.

    日本語

    障壁とは、メッセージが明確に伝わらないことを妨げるもののことです。一般的な障壁は以下の通りです:

    • メッセージが長すぎる、あるいは不明確である。
    • 不十分な媒体(例:ノイズのある電話回線)。
    • 階層のレベルが多すぎて、メッセージが途中更改される。
    • 言語や文化の違い、および信頼の欠如。

    コミュニケーションを改善するために、企業は命令系統を短縮し、適切な媒体を選び、メッセージを簡潔かつ明確にし、常にフィードバックを求めることができます。

    7.3

    Leadership styles · ⁨リーダーシップ・スタイル⁩

    Syllabus · ⁨シラバス⁩
    English
    1. explain leadership styles (autocratic, democratic, paternalistic, laissez-faire) and theories of leadership
    2. explain emotional intelligence and the importance of effective leadership in managing change
    日本語
    1. リーダーシップスタイル(独裁的、民主的、父権的、放任主義)およびリーダーシップ理論を説明する
    2. 感情知能と、変化管理における効果的なリーダーシップの重要性について説明する

    Source: Cambridge International syllabus · ⁨出典: Cambridge International シラバス⁩

    English

    A leadership style 领导风格 is the way a leader 领导 makes decisions and treats staff. Four styles are:

    Style How decisions are made
    autocratic 专制型 the leader decides alone and tells staff what to do
    democratic 民主型 the leader asks staff for ideas before deciding
    paternalistic 家长式 the leader decides, but in what they see as the staff's best interests
    laissez-faire 放任型 the leader gives staff freedom to decide for themselves

    No style is always best. The right one depends on the task, the staff, and the time available — an urgent crisis may need an autocratic style, while skilled staff may work best under a democratic or laissez-faire one.

    日本語
    チームリーダーがホワイトボードで同僚に計画を提示している画像
    リーダーは方向性を定め、人を動機づけることで、組織全体に影響を与えます。

    リーダーシップ・スタイルとは、リーダーが意思決定を行い、従業員をどう扱うかの方法です。四つのスタイルがあります:

    スタイル 意思決定の方法
    独裁的 リーダーが一人で決定し、従業員に何をすべきかを指示する
    民主的 リーダーが決定する前に従業員にアイデアを求める
    パターナリズム的 リーダーが決定するが、従業員にとって最善と見なすため
    ** laissez-faire ** リーダーは従業員に自ら決定する自由を与える
    「リーダーが管理」から「従業員に自由がある」への線に4つのスタイルが示されている: 権威主義的、パターナリズム的、民主的、ラセズフェール
    これらのスタイルは連続体である: 権威主義的はすべての統制をリーダーが握り、ラセズフェールは従業員に最も自由を与える

    どのスタイルも常に最適とは限らない。適切なスタイルはタスク、従業員、利用可能な時間に依存する。緊急の危機には権威主義的スタイルが必要だが、熟練した従業員には民主的またはラセズフェールの下で働く方が適している場合もある。

    Explore · ⁨探索⁩

    Leadership style lab · ⁨リーダーシップスタイルラボ⁩

    Pick the management style that fits each situation. · ⁨各状況に最適な経営スタイルを選択せよ。⁩

    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    leadership style/ˈliːdəʃɪp staɪl/ リーダーシップスタイル
    leader/ˈliːdə/ リーダー
    autocratic/ˌɔːtəʊˈkrætɪk/ 専制的
    democratic/ˌdeməˈkrætɪk/ 民主主义的
    paternalistic/pəˌtɜːnəˈlɪstɪk/ 父権的
    laissez-faire/ˈleɪsez feə/ 自由放任
    emotional intelligence/ɪˈməʊʃənl ɪnˈtelɪdʒəns/ 感情知能
    human resource management/ˈhjuːmən rɪˈzɔːs ˈmænɪdʒmənt/ 人事管理
    hard HRM/hɑːd ˌeɪtʃ ɑː ˈem/ ハードHRM
    soft HRM/sɒft ˌeɪtʃ ɑː ˈem/ ソフトHRM
    workforce planning/ˈwɜːkfɔːs ˈplænɪŋ/ 労働力計画
    management of change/ˈmænɪdʒmənt ɒv tʃeɪndʒ/ 変革管理
    employer-employee relations/emˈplɔɪə emˈplɔɪiː rɪˈleɪʃnz/ 雇用主と従業員の関係
    trade union/treɪd ˈjuːnɪən/ 労働組合
    collective bargaining/kəˈlektɪv ˈbɑːɡɪnɪŋ/ 集団交渉
    industrial action/ɪnˈdʌstrɪəl ˈækʃn/ 労働争議
    strike/straɪk/ ストライキ
    7.3

    Emotional intelligence and leading change · ⁨感情的知能と変革主導⁩

    English

    Emotional intelligence 情商 is a leader's skill in understanding their own and other people's feelings, and managing them well. Leaders with high emotional intelligence build trust and handle conflict better.

    This matters most when leading change. People often resist change because they fear losing their job or status. A good leader explains why the change is needed, involves staff, and supports them through it.

    日本語

    感情的知能とは、リーダーが自分自身の感情や他者の感情を理解し、適切に管理する能力のことである。高い感情的知能を持つリーダーは信頼を築き、対立をよりよく处理できる。

    これは特に変革を主導する際に重要である。人々は多くの場合、雇用や地位を失うことを恐れて変革に抵抗する。良いリーダーはなぜ変化が必要か説明し、従業員に関与させ、その過程でサポートする。

    7.4

    Hard and soft HRM · ⁨ハードおよびソフトHRM⁩

    Syllabus · ⁨シラバス⁩
    English
    1. explain hard and soft HRM and the use of workforce planning
    2. explain the management of change, employer-employee relations and the role of trade unions
    日本語
    1. ハードHRMおよびソフトHRM、および労働力計画の利用について説明する
    2. 変革管理、雇用主と従業員の関係、および組合の役割について説明する

    Source: Cambridge International syllabus · ⁨出典: Cambridge International シラバス⁩

    English

    There are two broad approaches to human resource management 人力资源管理 (HRM):

    • hard HRM 硬性人力资源管理 treats staff as a resource like any other — to be used at the lowest cost. It uses tight control and short-term contracts.
    • soft HRM 软性人力资源管理 treats staff as the firm's most valuable asset — to be developed and motivated. It uses training, involvement and long-term careers.

    Both link to workforce planning 人力规划: working out the staff the firm will need, and how to get them.

    日本語

    人事管理 (HRM) には2つの主なアプローチがある:

    • ハードHRM は、従業員を他のリソースと同様に扱う — 最低コストで使用するもの。厳格な管理と短期契約を用いる。
    • ソフトHRM は、従業員を企業の最も重要な資産として扱う — 開発し、意欲 motivize するもの。トレーニング、関与、長期キャリアを用いる。

    両方とも労働力計画に結びついている: 企業が将来必要な従業員の人数を算出し、どう確保するかを決定すること。

    Explore · ⁨探索⁩

    Human resources decision lab · ⁨人事判断ラベル⁩

    Classify HR actions by the job they do inside the workforce. · ⁨ workforce(労働力)内の役割に基づき、HR行動を分類せよ。⁩

    7.4

    Employer-employee relations and trade unions · ⁨雇用主と従業員の関係および組合⁩

    English

    The management of change 变革管理 works best when employer-employee relations 劳资关系 (the link between bosses and workers) are good.

    A trade union 工会 is an organised group of workers that speaks for its members. Through collective bargaining 集体谈判, the union and the employer negotiate pay and conditions for the whole group, instead of one worker at a time. If talks fail, workers may take industrial action 劳工行动, such as a strike 罢工 (stopping work). Good relations and fair negotiation avoid this and keep the business running.

    日本語

    変革の管理は、雇用主と従業員の関係 (上司と労働者の間のつながり) が良好な場合に最も機能する。

    労働組合は、メンバーを代表して発言する組織化された労働者のグループである。集団交渉を通じて、組合と雇用主は一人ひとりの労働者ではなく、グループ全体の賃金と労働条件について交渉する。交渉が決裂した場合、労働者は産業行動(例: ストライキ(作業停止)など)を起こすことがある。良好な関係と公平な交渉はこれを回避し、事業を継続させる。

    7.4

    Exam tips · ⁨試験対策⁩

    English
    • Read an organisation chart: span of control, chain of command and levels of hierarchy.
    • Compare tall vs flat structures and centralisation vs decentralisation (tight control vs local responsiveness).
    • Distinguish hard vs soft HRM (workers as a cost versus as an asset).
    • Explain how trade unions and good communication shape employer-employee relations.
    日本語
    • 組織図を読む: 統制範囲、命令系統、階層のレベル。
    • 高層型と平ら型の構造、および集権化と分散化 (厳格な管理 vs 現場の対応性) を比較する。
    • ハードHRMとソフトHRM の違いを区別する (労働者をコストとして見るか、資産として見るか)。
    • 労働組合と良好なコミュニケーションが雇用主と従業員の関係にどのように影響するかを説明する。
  • 8

    Marketing (A Level) · ⁨マーケティング(A-Level)⁩

    Watch lesson · ⁨レッスンを視聴⁩
    8.1

    Marketing analysis · ⁨マーケティング分析⁩

    Syllabus · ⁨シラバス⁩
    English
    1. use quantitative marketing analysis: sales forecasting, time-series analysis (moving averages, trend, seasonal variation), correlation
    2. explain elasticity (price, income, cross) and its use in marketing decisions
    日本語
    1. 定量的マーケティング分析を用いる:売上予測、時系列分析(移動平均、トレンド、季節変動)、相関
    2. 弾性(価格、所得、代替財)とそのマーケティング意思決定への利用について説明する

    Source: Cambridge International syllabus · ⁨出典: Cambridge International シラバス⁩

    English

    Marketing analysis 营销分析 means using data to understand the market and to make better marketing decisions. At A Level you study some numbers tools: sales forecasting, time-series analysis, correlation, and elasticity.

    日本語
    賑やかなスーパーマーケットの通路
    スーパーマーケット: 小売業者はデータを使用して価格、品揃え、顧客体験で競合する。

    マーケティング分析とは、データを使用して市場を理解し、より良いマーケティング意思決定を下すことである。A-Levelでは、いくつかの数値ツールを学ぶ: 売上予測、時系列分析、相関、弾性。

    Watch lesson · ⁨レッスンを視聴⁩
    8.1

    Sales forecasting and time-series analysis · ⁨売上予測と時系列分析⁩

    English

    Sales forecasting 销售预测 is predicting future sales from past data and market knowledge. Good forecasts help a firm plan production, staff, stock and cash.

    Time-series analysis 时间序列分析 studies past sales recorded over time to find a pattern. It has two main parts:

    • the trend 趋势 — the general direction of sales over the long run (up, down or flat).
    • the seasonal variation 季节性波动 — the regular rise and fall within a year (e.g. ice cream sells more in summer).

    To find the trend, firms use a moving average 移动平均, which smooths the ups and downs by averaging several periods in a row. The seasonal variation is then how far the actual figure sits above or below the trend:

    $$\text{seasonal variation} = \text{actual value} - \text{trend value}$$

    A forecast extends the trend into the future (called extrapolation 外推) and then adds the usual seasonal variation. This works only if past patterns continue, so forecasts are never certain.

    日本語

    売上予測とは、過去のデータと市場知識に基づいて未来の売上を予測することである。良い予測は企業が生産、従業員、在庫、現金 흐름を計画するのを助ける。

    時系列分析は、時間の経過と共に記録された過去の売上を研究してパターンを見つけることである。主に2つの部分からなる:

    • トレンド — 長期的な売上の全体的な方向 (上昇、下降、横ばい)。
    • 季節変動 — 年内における定期的な増減(例:夏にアイスクリームが売れる)。

    トレンドを見つけるために、企業は移動平均を使用し、複数の期間を順次平均することで上下の揺らぎを平滑化する。その後、実際の数値がトレンドに対してどれだけ上にあるか、あるいは下にあるかが季節変動となる:

    $$\text{seasonal variation} = \text{actual value} - \text{trend value}$$
    時系列チャート: 実際の四半期売上が滑らかな上昇トレンドラインの周りをジグザグに上下しており、実際の値とトレンドの間の差が季節変動として示されている
    実際の売上は滑らかな基礎的なトレンドの周りに季節的に揺らぐ

    予測はトレンドを未来へ延長する(これを外挿という)ことに始まり、次に通常の季節変動を加える。これは過去の傾向が続く場合にのみ機能するため、予測は決して確定的ではない。

    Explore · ⁨探索⁩

    Sales forecast lab · ⁨売上予測実験⁩

    sales = trend + seasonal effect · ⁨売上=トレンド+季節変動⁩

    Move along a sales trend and see how forecast and actual can separate. · ⁨売上のトレンドに沿って進み、予測値と実績値がどう分離するかを見る。⁩

    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    marketing analysis/ˈmɑːkɪtɪŋ əˈnæləsɪs/ マーケティング分析
    sales forecasting/seɪlz ˈfɔːkæstɪŋ/ 売上予測
    time-series analysis/taɪm ˈsɪəriːz əˈnæləsɪs/ 時系列分析
    trend/trend/ トレンド
    seasonal variation/ˈsiːzənl ˌveərɪˈeɪʃn/ 季節変動
    moving average/ˈmuːvɪŋ ˈævrɪdʒ/ 移動平均
    extrapolation/ekˈstræpəleɪʃn/ 外挿
    8.1

    Correlation · ⁨相関⁩

    English

    Correlation 相关性 measures how strongly two things move together — for example, advertising spending and sales.

    • positive correlation 正相关 — when one rises, the other rises too.
    • negative correlation 负相关 — when one rises, the other falls.

    Strong correlation helps a firm predict, but it does not prove that one thing causes the other. Other factors may be at work.

    日本語

    相関は、2つのことがどれほど強く連動するかを測定する — 例えば、広告費と売上の間。

    • 正の相関 — 片方が上昇すると、もう片方も上昇する。
    • 負の相関 — 片方が上昇すると、もう片方は低下する。
    2つの散布図: 点が一緒に上昇する正の相関と、ある変数が上昇するにつれて点が下がる負の相関。それぞれに近似直線がある
    正の相関 (両方が共に上昇) と負の相関 (片方が上昇すると他方が低下)

    強い相関は企業が予測するのを助けるが、それが一方が他方を引き起こすことを証明するわけではない。他の要因が働いている可能性がある。

    Explore · ⁨探索⁩

    Correlation and the line of best fit · ⁨相関と回帰直線⁩

    Change the strength of the relationship. A line of best fit lets a business spot a trend and forecast from it. · ⁨関係の強さを変えてください。回帰直線により、企業はトレンドを特定し、そこから予測を行うことができます。⁩

    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    correlation/ˌkɒrɪˈleɪʃn/ 相関
    positive correlation/ˈpɒzɪtɪv ˌkɒrɪˈleɪʃn/ 正の相関
    negative correlation/ˈneɡətɪv ˌkɒrɪˈleɪʃn/ 負の相関
    elasticity/ɪlæˈstɪsɪti/ 弾力性
    price elasticity of demand/praɪs ɪlæˈstɪsɪti ɒv dɪˈmænd/ 需要の価格弾力性
    price elastic/praɪs ɪˈlæstɪk/ 価格弾力性あり
    price inelastic/praɪs ɪnɪˈlæstɪk/ 価格弾力性なし
    income elasticity of demand/ˈɪŋkʌm ɪlæˈstɪsɪti ɒv dɪˈmænd/ 所得需要弾性
    cross elasticity of demand/krɒs ɪlæˈstɪsɪti ɒv dɪˈmænd/ 代替財の需要の交叉弾力性
    marketing strategy/ˈmɑːkɪtɪŋ ˈstrætədʒi/ マーケティング戦略
    marketing planning/ˈmɑːkɪtɪŋ ˈplænɪŋ/ マーケティングプランニング
    Ansoff's matrix/ˈænsɒfs ˈmeɪtrɪks/ アンソフ矩阵
    market penetration/ˈmɑːkɪt ˌpenɪˈtreɪʃn/ 市場浸透
    product development/ˈprɒdʌkt dɪˈveləpmənt/ 製品開発
    market development/ˈmɑːkɪt dɪˈveləpmənt/ 市場開発
    diversification/daɪˌvɜːsɪfɪˈkeɪʃn/ 多角化
    product portfolio analysis/ˈprɒdʌkt pɔːtˈfəʊlɪəʊ əˈnæləsɪs/ 製品ポートフォリオ分析
    globalisation/ˌɡləʊbəlaɪˈzeɪʃn/ グローバル化
    exporting/ekˈspɔːtɪŋ/ 輸出
    joint venture/dʒɔɪnt ˈventʃə/ 合弁事業
    localisation/ˌləʊkəlaɪˈzeɪʃn/ ローカライゼーション
    8.1

    Using elasticity in marketing decisions · ⁨マーケティング意思決定における弾性の活用⁩

    English

    Elasticity 弹性 measures how much demand reacts to a change. Three types guide marketing decisions.

    • price elasticity of demand 需求价格弹性 (PED) — for a price elastic 富有弹性 product, cutting the price raises total revenue; for a price inelastic 缺乏弹性 product, raising the price raises total revenue.
    • income elasticity of demand 需求收入弹性 (YED) — tells a firm how sales will change as incomes rise or fall, which helps plan for booms and recessions.
    • cross elasticity of demand 需求交叉弹性 (XED) — tells a firm how a rival's price change, or the price of a partner product, will affect its own sales.

    So elasticity helps a firm set prices, choose products, and predict the effect of a competitor's move.

    Worked example. Quarterly sales run Q1 100, Q2 140, Q3 180, Q4 120, then next Q1 108. Find the four-quarter moving-average trend centred on Q3, and the seasonal variation for Q3. Average the first four quarters: $(100 + 140 + 180 + 120) \div 4 = 135$. Average the next four: $(140 + 180 + 120 + 108) \div 4 = 137$. A four-period average falls between quarters, so centre the two: $(135 + 137) \div 2 = 136$, the trend at Q3. The seasonal variation is actual minus trend: $180 - 136 =$ +44, so Q3 runs about 44 units above trend, and next year's Q3 forecast is the projected trend plus 44. The centring step is the one most answers drop: with an even number of periods the average lands between two quarters and must be centred before it can be compared with an actual figure.

    日本語

    弾性は、需要が変化にどれだけ反応するかを測定する。3つのタイプがマーケティング意思決定を導く。

    水平な需要曲線である弾力性のある需要と、急な需要曲線である非弾力性のある需要
    弾力的な需要は水平;非弾力的な需要は急勾配
    • 需要の価格弾性 (PED) — 価格弾力性のある製品の場合、値下げは総収益を増やす;価格非弾力性のある製品の場合、値上げは総収益を増やす。
    • 需要の所得弾性 (YED) — 企業に所得の上昇または下降に伴い売上がどう変わるかを知らせ、景気好況と不況への準備を助ける。
    • 需要の交叉弾性 (XED) — 競合他社の価格変更や、関連商品の価格変更が自社の売上にどう影響するかを知らせる。

    したがって、価格設定、商品ラインの選定、競合他社の動向による影響予測において、弾力性は企業にとって有用なツールとなります。

    ** worked example(例題).** 四半期別売上高はQ1が100、Q2が140、Q3が180、Q4が120、翌年Q1が108です。Q3を中心とする四半期移動平均トレンドと、Q3の季節変動を求めよ。最初の4四半期の平均: $(100 + 140 + 180 + 120) \div 4 = 135$。次の4四半期の平均: $(140 + 180 + 120 + 108) \div 4 = 137$。4期間の平均は四半期の間に位置するため、この2つを中央化(中心化)する: $(135 + 137) \div 2 = 136$、これがQ3におけるトレンドである。季節変動は実績値からトレンドを引いた値である: $180 - 136 =$ +44。つまりQ3はトレンドより約44単位高い。来年のQ3予測値は、予測されたトレンドに +44 を加えたものとなる。中央化(中心化) の工程は、多くの解答者が誤るポイントである。期間数が偶数の場合、平均値は2つの四半期の間に位置するため、実績値と比較するために中央化(中心化)を行う必要がある。

    8.2

    Marketing planning and strategy · ⁨マーケティング計画と戦略⁩

    Syllabus · ⁨シラバス⁩
    English
    1. explain marketing planning and marketing strategy (Ansoff's matrix, product portfolio analysis)
    2. explain how marketing strategy is adapted for entering international markets
    日本語
    1. マーケティングプランニングおよびマーケティング戦略(アンソフのマトリクス、製品ポートフォリオ分析)について説明する
    2. 国際市場への参入に向けたマーケティング戦略の適応方法について説明する

    Source: Cambridge International syllabus · ⁨出典: Cambridge International シラバス⁩

    English

    A marketing strategy 营销战略 is the long-term plan for how marketing will meet the firm's objectives. Marketing planning 营销规划 is the work of setting that plan: studying the market, choosing target customers, and deciding the marketing mix. Two tools shape strategy: Ansoff's matrix and product portfolio analysis.

    日本語
    夜間の巨大デジタル広告スクリーン
    デジタル広告スクリーン — マーケティングはますますオンラインやスクリーン上で行われている。

    マーケティング戦略とは、企業が目標を達成するためにマーケティングをどう行うかという長期的な計画である。マーケティング計画とは、その計画を立てる作業であり、市場調査、ターゲット顧客の選定、マーケティングミックスの決定を含む。戦略を形作る2つのツールがある:アンソフのマトリクスと製品ポートフォリオ分析。

    Explore · ⁨探索⁩

    Ansoff strategy lab · ⁨アンソフ戦略ラボ⁩

    Sort growth choices by product and market risk. · ⁨製品と市場のリスクに基づいて成長の選択肢を分類してください。⁩

    8.2

    Ansoff's matrix · ⁨アンソフのマトリクス⁩

    English

    Ansoff's matrix 安索夫矩阵 shows four ways to grow, by mixing existing or new products with existing or new markets. The risk rises as you move away from what you know.

    Existing products New products
    Existing markets market penetration 市场渗透 (sell more to current buyers) product development 产品开发 (new products for current buyers)
    New markets market development 市场开发 (current products to new buyers) diversification 多元化 (new products and new markets)

    Market penetration is the safest; diversification is the riskiest because both the product and the market are new.

    日本語
    アンソフのマトリクス:製品と市場の成長戦略を示す2x2のグリッド
    アンソフのマトリクス:4つの成長戦略があり、右下に向かうほどリスクが高まる(多角化)。

    アンソフのマトリクスは、既存または新製品の既存または新市場との組み合わせによって、成長を4つの方法で示している。既知の範囲から離れるほどリスクは高まる。

    既存製品 新製品
    既存市場 市場浸透(現在の購入者により多く売る) 製品開発(現在の購入者のための新製品)
    新市場 市場開発(既存製品を新たな購入者に販売) 多角化(新製品と新市場)

    市場浸透が最も安全であり、多角化は最もリスクが高い。なぜなら、製品も市場も新しいからである。

    8.2

    Product portfolio analysis · ⁨製品ポートフォリオ分析⁩

    English

    Product portfolio analysis 产品组合分析 looks at the firm's whole range of products together, using a tool like the Boston Matrix. It checks the balance: a firm needs some steady earners to fund its risky new products. The aim is a healthy mix, so the firm is not left with only ageing products.

    日本語

    製品ポートフォリオ分析は、ボストン・マトリクスのようなツールを用いて、企業の全製品ラインを一括して見るものである。バランスを確認する。企業は、リスクの高い新製品を資金調達するための安定した収益源(キャッシュカウ)を持つ必要がある。目的は健全な混合状態を保ち、老朽化した製品だけが残らないようにすることである。

    Explore · ⁨探索⁩

    Balance the product portfolio · ⁨製品ポートフォリオをバランスさせる⁩

    Drag each product's share and growth — a healthy portfolio keeps a cash cow funding the stars and question marks that will replace it. · ⁨各製品のシェアと成長率をドラッグしてください。健全なポートフォリオでは、Cash Cowが将来の代替となるStarsやQuestion Marksを資金提供します。⁩

    8.2

    Entering international markets · ⁨国際市場への参入⁩

    English

    To grow, many firms sell abroad. Globalisation 全球化 (the world becoming more connected) has made this easier. A firm can enter a new country by exporting 出口, by setting up a joint venture 合资企业 with a local partner, or by opening its own branch there.

    But a strategy that works at home may need changes. Localisation 本地化 means adapting the marketing mix to the new market — for example, changing the product, the language, the price, or the way it is sold to suit local tastes, laws and incomes.

    日本語

    成長のため、多くの企業が海外に販売を行っている。グローバル化(世界がより密接に結びつくこと)はこれを容易にした。企業は、輸出、現地のパートナーとの**共同事業(ジョイントベンチャー)**の設立、あるいは自社の支店开设によって、新しい国に参入できる。

    参入モードにおけるコミットメントとコントロールの増加を示すグラフ:3つの参入モードが示されている(輸出(最低)、共同事業、自社支店(最高))
    参入モードはコミットメントとコントロールのトレードオフである:輸出はリスクが最小だが、自社支店は最もコントロールを与える反面、コストとリスクも最大である。

    しかし、国内で成功した戦略がそのまま通用するわけではない。ローカライゼーションとは、マーケティングミックスを新市場に合わせて適応させることを意味する。具体的には、製品、言語、価格、または販売方法を現地の嗜好、法規制、所得水準に合わせて変更することなどである。

    Explore · ⁨探索⁩

    International market lab · ⁨国際市場ラボ⁩

    See how access to world markets changes quantity and price pressure. · ⁨世界市場へのアクセスが数量と価格圧力に与える影響を確認してください。⁩

    8.2

    Exam tips · ⁨試験対策⁩

    English
    • Read time-series data: separate the underlying trend from seasonal variation, and extrapolate with caution.
    • Interpret correlation (strength and direction) but never assume it proves causation.
    • Use Ansoff's matrix to classify a growth strategy and judge its risk (diversification is riskiest).
    • Use elasticity values to justify a pricing or promotion decision numerically.
    日本語
    • 時系列データを読む:基礎的なトレンドと季節変動を分離し、慎重に外挿を行う。
    • 相関(強さと方向性)を解釈するが、因果関係を示すものと決して仮定しない。
    • アンソフのマトリクスを使用して、成長戦略を分類し、そのリスクを評価する(多角化が最もリスクが高い)。
    • 弾力性の値を用いて、価格設定やプロモーションの意思決定を数値的に裏付ける。
  • 9

    Operations management (A Level) · ⁨運営管理(Aレベル)⁩

    Watch lesson · ⁨レッスンを視聴⁩
    9.1

    Location and relocation · ⁨立地と移転⁩

    Syllabus · ⁨シラバス⁩
    English
    1. explain the factors influencing the location and relocation of a business (including international location)
    2. explain the optimum scale of operation and the significance of economies and diseconomies of scale
    日本語
    1. 立地および移転に影響を与える要因を説明する(国際的な立地を含む)
    2. 最適生産规模と規模の経済および規模の不経済の意義について説明する

    Source: Cambridge International syllabus · ⁨出典: Cambridge International シラバス⁩

    English

    Where a business sits affects its costs, its sales and its staff. Choosing a place is called location 选址; moving to a new place is relocation 迁址.

    Factors that influence the choice fall into two groups:

    • quantitative factors 定量因素 — things you can measure in money, such as rent, wages, transport costs and government grants.
    • qualitative factors 定性因素 — things that are harder to measure, such as the skills of local workers, nearness to customers or suppliers, and the owner's own wishes.

    A firm picks the place where the benefits, money and non-money together, are greatest.

    日本語

    ビジネスの立地はコスト、売上、従業員に影響を与える。場所を選ぶことを立地(ロケーション)、新しい場所へ移ることを**移転(リロケーション)**と呼ぶ。

    選択に影響を与える要因は2つのグループに分かれる:

    • 定量的要因 — 賃料、給与、輸送費、政府助成金など、金銭で計測可能な要素。
    • 定性的要因 — 現地的な労働者のスキル、顧客やサプライヤーへの近さ、経営者の意向など、計測が難しい要素。

    企業は、利益、金銭的・非金銭的メリットを総合的に考慮し、最大の便益をもたらす場所を選択する。

    定量的要因(賃料、給与、輸送、助成金)と定性的要因(労働者のスキル、近接性、経営者の意向)が、最大の総便益をもたらす立地選択へと寄与する様子
    立地決定は、金銭的要因と計測が難しい要因の両方を加重評価し、最大の総便益をもたらす場所を選択する。
    Explore · ⁨探索⁩

    Location factor lab · ⁨立地要因ラボ⁩

    Classify why a business chooses one site over another. · ⁨ビジネスがなぜある立地を選好するのかを分類してください。⁩

    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    location/ləʊˈkeɪʃn/ 場所
    relocation/rɪləʊˈkeɪʃn/ 移住による拡散
    quantitative factors/ˈkwɒntɪteɪtɪv ˈfæktəz/ 定量的要因
    qualitative factors/ˈkwɒlɪteɪtɪv ˈfæktəz/ 定性的要因
    offshoring/ˈɒfʃərɪŋ/ オフショアリング
    9.1

    International location · ⁨国際的な立地⁩

    English

    Many firms now locate abroad. Moving production to another country is offshoring 离岸外包. The reasons are often lower wages, nearness to new markets, fewer rules, or government help. The risks are longer supply lines, language and culture differences, and possible damage to the firm's image.

    日本語

    現在、多くの企業が海外に立地している。生産を別の国へ移すことをオフショアリングと呼ぶ。主な理由は、より低い賃金、新市場への近接性、規制の少なさ、または政府の支援である。リスクとしては、サプライチェーンの長期化、言語や文化の違い、および企業のイメージ毀損が含まれる。

    9.1

    The optimum scale of operation · ⁨最適操業規模⁩

    English

    As a firm grows, its average cost first falls (from economies of scale) and later rises (from diseconomies of scale). The optimum scale 最优规模 is the size at which the average cost per unit is at its lowest.

    • economies of scale 规模经济 — cost savings from being larger (e.g. bulk buying).
    • diseconomies of scale 规模不经济 — rising average cost when a firm grows too big (e.g. poor communication).

    A firm should try to grow up to its optimum scale, but not beyond it.

    日本語

    企業が大きくなると、平均原価はまず経済の規模(スケール・オブ・イコノミー)により低下し、後で不経済の規模(ディスケール・オブ・イコノミー)により上昇する。最適規模とは、単位あたり平均原価が最低となるサイズである。

    • 规模の経済 — 規模が大きくなることによるコスト削減(例:大量仕入れ)。
    • 规模の不経済 — 企業が大きすぎることで平均コストが上昇する(例:コミュニケーションの破綻)。

    企業は最適規模まで成長を図るべきだが、それ以上になるべきではない。

    U字型の平均コスト曲線:企業が小さすぎる間はコストが下がり、最適規模で最低点に達し、大きすぎるようになると上昇する
    最適規模とは、単位あたり平均原価が最小となる生産量である
    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    optimum scale/ˈɒptɪməm skeɪl/ 最適規模
    economies of scale/ɪˈkɒnəmiz ɒv skeɪl/ スケールメリット
    diseconomies of scale/ˌdɪsɪˈkɒnəmiz ɒv skeɪl/ 不経済の规模
    9.2

    Why quality matters · ⁨品質の重要性⁩

    Syllabus · ⁨シラバス⁩
    English
    1. explain the importance of quality and methods of managing quality (quality control, quality assurance, total quality management, benchmarking)
    日本語
    1. 品質の重要性と品質管理の方法(品質管理、品質保証、トータルクオリティマネジメント、ベンチマーキング)について説明する

    Source: Cambridge International syllabus · ⁨出典: Cambridge International シラバス⁩

    English

    Quality 质量 means how well a product meets the customer's needs. Good quality wins repeat custom, lets the firm charge more, protects its brand, and cuts the cost of waste and returns. Poor quality loses customers and damages the firm's name.

    日本語

    品質とは、製品が顧客のニーズにどれだけ適切に対応しているかを示します。高い品質はリピート購入を促し、企業により高い価格設定を可能にし、ブランドを守り、廃棄や返品に伴うコストを削減します。一方、低い品質は顧客を離脱させ、企業の評判を毀損します。

    Explore · ⁨探索⁩

    Leadership style lab · ⁨リーダーシップスタイルラボ⁩

    Pick the management style that fits each situation. · ⁨各状況に最適な経営スタイルを選択せよ。⁩

    9.2

    Methods of managing quality · ⁨品質管理の方法⁩

    English
    Method How it works
    quality control 质量控制 check finished products and remove the faulty ones at the end
    quality assurance 质量保证 build quality into every stage, so faults are prevented, not just found
    total quality management 全面质量管理 (TQM) every worker takes responsibility for quality, aiming for zero faults
    benchmarking 标杆管理 compare the firm's methods with the best firms, and copy what they do well

    Quality control finds faults late, after money is already spent. Quality assurance and TQM try to stop faults happening, which is usually cheaper in the long run.

    日本語
    方法 仕組み
    品質管理(QC) 完成した製品を確認し、不良品を最終段階で除去する
    品質保証(QA) 各工程に品質を組み込み、単に不良を発見するだけでなく、発生を防ぐ
    トータルクオリティマネジメント(TQM) 全従業員が品質責任を負い、ゼロ欠陥を目指す
    ベンチマーキング 他社の最好的な手法と比較し、優れた点を模倣する

    品質管理(QC)は、すでに費用がかかった後に不良を発見します。一方、品質保証(QA)とTQMは不良の発生そのものを防ぐことを目指しており、長期的に見て通常は低コストです。

    品質管理(QC)は検査員によって最終段階でのみ不良品をチェックするのに対し、品質保証(QA)は生産の各工程に品質チェックを組み込む
    最終工程での品質管理チェック;品質保証はすべての工程に品質を組み込む
    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    quality/ˈkwɒlɪti/ 品質
    quality control/ˈkwɒlɪti kənˈtrəʊl/ 品質管理
    quality assurance/ˈkwɒlɪti əˈʃʊərəns/ 品質保証
    total quality management/ˈtəʊtl ˈkwɒlɪti ˈmænɪdʒmənt/ トータルクオリティマネジメント
    benchmarking/ˈbentʃmɑːkɪŋ/ ベンチマーキング
    lean production/liːn prəˈdʌkʃn/ リーン生産
    waste/weɪst/ 排泄物
    capacity management/kəˈpæsɪti ˈmænɪdʒmənt/ 生産能力管理
    technology/tekˈnɒlədʒi/ 技術
    critical path analysis/ˈkrɪtɪkl pæθ əˈnæləsɪs/ クリティカルパス分析
    nodes/nəʊdz/ ノード
    earliest start time/ˈɜːlɪɪst stɑːt taɪm/ 最早始動時間
    latest finish time/ˈleɪtɪst ˈfɪnɪʃ taɪm/ 最晚終了時間
    9.3

    Operations strategy: lean production · ⁨オペレーション戦略:リーン生産⁩

    Syllabus · ⁨シラバス⁩
    English
    1. explain operations decisions: lean production, capacity management, and the use of technology
    2. use critical path analysis (CPA) to plan and manage projects (EST, LFT, total float, critical path, minimum project duration)
    日本語
    1. 運営に関する意思決定を説明する:リーン生産、生産能力管理、および技術の使用
    2. クリティカルパス法 (CPA) を用いてプロジェクトの計画と管理を行う(最早始期、最遅終了期、総スラック、クリティカルパス、最小プロジェクト期間)

    Source: Cambridge International syllabus · ⁨出典: Cambridge International シラバス⁩

    English

    Lean production 精益生产 means making products with the least possible waste 浪费 — of time, materials, space and effort. Methods like just-in-time and continuous improvement cut waste, lower cost, and raise quality. Less money is tied up in stock, and problems are fixed quickly.

    日本語
    工場の生産ラインを自動化するロボットアーム
    工場自動化 — A-Levelオペレーションでは、リーン生産、技術、サプライチェーンを扱う。

    リーン生産とは、時間、材料、スペース、労力といった無駄を最小限にして製品を作ることを意味する。ジャストインタイムや継続的改善のような手法は、無駄を削減し、コストを下げて品質を向上させる。在庫に-enableされたお金が減り、問題は迅速に解決される。

    Explore · ⁨探索⁩

    SWOT strategy lab · ⁨SWOT戦略ラボ⁩

    Sort strategy evidence into internal and external factors. · ⁨戦略証拠を内部要因と外部要因に分類せよ。⁩

    9.3

    Capacity management and technology · ⁨生産能力管理と技術⁩

    English

    Capacity management 产能管理 means matching what the firm can produce to the demand it faces. If demand is higher than capacity, the firm may add shifts, hire staff or outsource; if demand is lower, it may cut output or find new orders. New technology 技术, such as automation and data systems, helps a firm produce more, to a higher standard, at a lower cost.

    日本語

    生産能力管理とは、企業が持つ生産能力と直面する需要を一致させることを指します。需要が生産能力を上回る場合は、シフトを追加したり、人員を増やしたり、アウトソースしたりします。逆に需要が少ない場合は、生産量を減らすか、新規受注を探します。自動化やデータシステムなどの新しい技術は、企業がより高い水準で、より低コストで多くを生産するのを助けます。

    9.3

    Critical path analysis · ⁨クリティカルパス分析⁩

    English

    Critical path analysis 关键路径分析 (CPA) is a tool for planning a project made of many tasks. It draws the tasks as a network of arrows and nodes 节点 (circles), in the order they must happen. For each task it works out timings:

    • the earliest start time 最早开始时间 (EST) — the soonest a task can begin, once earlier tasks are done.
    • the latest finish time 最晚完成时间 (LFT) — the latest a task can finish without delaying the whole project.

    From these comes the total float 总浮动时间 — the spare time a task has before it delays the project:

    $$\text{total float} = \text{LFT} - \text{duration} - \text{EST}$$

    The critical path 关键路径 is the chain of tasks with zero float. These tasks cannot be late, or the whole project is late. Adding up the times along this path gives the minimum project duration 最短项目工期 — the shortest time the project can take.

    CPA helps managers find the tasks that matter most, order resources for the right time, and see where delays would hurt. But it is only as good as the time estimates it is built on.

    Worked example. A task has an EST of 6 days, a duration of 4 days, and an LFT of 14 days. Find its total float, and say whether it lies on the critical path. Use the formula: total float = LFT − duration − EST = $14 - 4 - 6 =$ 4 days. So the task could start up to 4 days late, or overrun by 4 days, without delaying the project - and because its float is not zero, it is not on the critical path. Only tasks with zero float are critical. Two points carry the marks: float is the spare time on that task, so using it up makes the task critical; and shortening a non-critical task like this one does not shorten the project at all, because only the critical path sets the minimum project duration.

    日本語

    クリティカルパス分析(CPA)は、多数のタスクからなるプロジェクトを計画するためのツールです。タスクは矢印とノード(円)でネットワークとして描かれ、発生すべき順序に従って配置されます。各タスクについてタイミングを算出します:

    • 早期開始時刻(EST) — 前段のタスクが完了した時点で、タスクが最も早く始まることのできる時刻。
    • 最晚終了時刻(LFT) — プロジェクト全体を遅延させずに、タスクが最も遅く終了できる時刻。

    これらから総スラックが導き出されます — プロジェクトを遅延させる前にタスクが持つ余剰時間です。

    $$\text{total float} = \text{LFT} - \text{duration} - \text{EST}$$

    クリティカルパスとは、スラックがゼロであるタスクの連鎖です。これらのタスクが遅れれば、プロジェクト全体が遅れます。このパス上の時間を合計すると、最低プロジェクト期間(プロジェクトが要する最短時間)が求められます。

    ラベル付き活動矢印で結ばれた5つのノードを持つクリティカルパス・ネットワーク;各ノードには早期開始時刻と最晚終了時刻が表示され、スラックゼロの活動によるクリティカルパスが強調されている
    クリティカルパスはスラックゼロの活動の連鎖であり、これがプロジェクトの所要時間を決定する

    CPAはマネージャーに対して、最も重要なタスクを特定し、リソースを適切な時期に手配し、どこで遅延が影響するかを把握するのを助けます。ただし、それは基盤となる時間見積りの精度に依存します。

    ** worked example.** あるタスクのESTが6日、期間が4日、LFTが14日である。総スラックを求め、クリティカルパス上にあるかどうかを答える。以下の式を用いる:総スラック = LFT − 期間 − EST = $14 - 4 - 6 =$ 4日。したがって、このタスクは最大4日遅れても、または4日超過してもプロジェクトを遅延させず、スラックがゼロではないため、クリティカルパス上にはない。スラックがゼロであるタスクだけがクリティカルである。2ポイントで得点される:スラックはそのタスクの余剰時間であるため、使い切るとそのタスクはクリティカルになります;また、このように非クリティカルなタスクを短縮しても、クリティカルパスのみが最低プロジェクト期間を決定するため、プロジェクト全体の所要時間は全く短縮されません。

    Explore · ⁨探索⁩

    Critical path analysis · ⁨クリティカルパス分析⁩

    CPA finds the sequence of tasks that decides the shortest time a project can take. · ⁨CPAは、プロジェクトが完了するために要する最短時間を決定するタスクの順序を特定します。⁩

    Explore · ⁨探索⁩

    Find the critical path · ⁨クリティカルパスを見つける⁩

    Drag the durations — the network rolls forward and back, the floats update, and the critical path jumps to whichever route is longest. · ⁨所要期間をドラッグすると、ネットワークが前後に展開され、スラックが更新され、クリティカルパスが最も長い経路へ切り替わります。⁩

    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    total float/ˈtəʊtl fləʊt/ 総スラック
    critical path/ˈkrɪtɪkl pæθ/ クリティカルパス
    minimum project duration/ˈmɪnɪməm ˈprɒdʒekt djʊəˈreɪʃn/ 最小プロジェクト期間
    9.3

    Exam tips · ⁨試験対策⁩

    English
    • Compare quality methods: quality control (inspect at the end) versus quality assurance / TQM (build quality in at every stage).
    • Explain lean production (cutting waste — time, stock, defects) with a named method (kaizen, JIT).
    • On a critical path network, work out the EST/LFT, the float, and the critical activities (zero float) that set the minimum time.
    日本語
    • 品質管理方法を比較する:品質管理(QC)(最終検査)対 品質保証 / TQM(各工程での組み込み)。
    • 名指しされた手法(カイゼン、JIT)を使ってリーン生産(時間、在庫、欠陥の削減)を説明する。
    • クリティカルパス・ネットワーク上で、EST/LFT、スラック、および最低時間を決定するクリティカル活動(スラックゼロ)を計算する。
  • 10

    Finance and accounting (A Level) · ⁨財務・会計(Aレベル)⁩

    Watch lesson · ⁨レッスンを視聴⁩
    10.1

    Financial statements

    Syllabus · ⁨シラバス⁩
    English
    1. explain the purpose and content of the income statement and the statement of financial position (balance sheet)
    2. explain depreciation and how financial statements are used by stakeholders
    日本語
    1. 損益計算書および**貸借対照表(バランスシート)**の目的と内容について説明する
    2. 減価償却を説明し、ステークホルダーが財務諸表をどのように利用するかを説明する

    Source: Cambridge International syllabus · ⁨出典: Cambridge International シラバス⁩

    English

    Financial statements 财务报表 are the official records that show how a business is doing with money. You study two of them: the income statement and the statement of financial position. By law, companies must publish these each year.

    日本語

    Financial statements 财务报表 are the official records that show how a business is doing with money. You study two of them: the income statement and the statement of financial position. By law, companies must publish these each year.

    A calculator and glasses resting on financial statements
    Financial statements and ratios let stakeholders judge a firm's performance.
    Explore · ⁨探索⁩

    Financial statements flow

    See how business events become the statements users read.

    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    financial statements/faɪˈnænʃl ˈsteɪtmənts/ 財務諸表
    10.1

    The income statement

    English

    The income statement 利润表 shows the revenue 营业收入 and costs of a business over a period (usually a year), and the profit left at each stage.

    $$\text{gross profit} = \text{revenue} - \text{cost of sales}$$
    • cost of sales 销售成本 is the direct cost of the goods that were sold.
    • gross profit 毛利润 is what is left after taking cost of sales from revenue.
    • after taking off expenses 费用 (such as rent, wages and marketing), you get the operating profit 营业利润.
    • after interest and tax, what is left is the net profit 净利润 (the profit for the year).
    日本語

    The income statement 利润表 shows the revenue 营业收入 and costs of a business over a period (usually a year), and the profit left at each stage.

    $$\text{gross profit} = \text{revenue} - \text{cost of sales}$$
    • cost of sales 销售成本 is the direct cost of the goods that were sold.
    • gross profit 毛利润 is what is left after taking cost of sales from revenue.
    • after taking off expenses 费用 (such as rent, wages and marketing), you get the operating profit 营业利润.
    • after interest and tax, what is left is the net profit 净利润 (the profit for the year).
    Income statement waterfall: revenue falls by cost of sales to gross profit, then by expenses to operating profit, then by interest and tax to net profit
    The income statement steps down from revenue to net profit
    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    income statement/ˈɪŋkʌm ˈsteɪtmənt/ 損益計算書
    revenue/ˈrevənjuː/ 収益
    cost of sales/kɒst ɒv seɪlz/ 売掛原価
    gross profit/ɡrəʊs ˈprɒfɪt/ 粗利益
    expenses/ekˈspensɪz/ 経費
    operating profit/ˈɒpəreɪtɪŋ ˈprɒfɪt/ 営業利益
    net profit/net ˈprɒfɪt/ 純利益
    10.1

    The statement of financial position

    English

    The statement of financial position 财务状况表 (also called the balance sheet 资产负债表) is a photo of what the business owns and owes on one day.

    • non-current assets 非流动资产 — items kept for more than a year, such as buildings and machines.
    • current assets 流动资产 — items that become cash within a year, such as inventory and money owed by customers.
    • current liabilities 流动负债 — debts due within a year.
    • non-current liabilities 非流动负债 — debts due after more than a year, such as a long loan.
    • equity 所有者权益 — the money the owners have put in, plus profit kept in the business.

    The two sides always balance: what the firm owns is funded by what it owes plus the owners' equity.

    日本語

    The statement of financial position 财务状况表 (also called the balance sheet 资产负债表) is a photo of what the business owns and owes on one day.

    • non-current assets 非流动资产 — items kept for more than a year, such as buildings and machines.
    • current assets 流动资产 — items that become cash within a year, such as inventory and money owed by customers.
    • current liabilities 流动负债 — debts due within a year.
    • non-current liabilities 非流动负债 — debts due after more than a year, such as a long loan.
    • equity 所有者权益 — the money the owners have put in, plus profit kept in the business.

    The two sides always balance: what the firm owns is funded by what it owes plus the owners' equity.

    Two equal-height stacked bars: the left bar shows what the firm owns (non-current and current assets), the right bar shows how it is funded (equity plus liabilities), and the two are equal
    The two sides always balance: assets equal liabilities plus equity
    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    statement of financial position/ˈsteɪtmənt ɒv faɪˈnænʃl pəˈzɪʃn/ 貸借対照表
    balance sheet/ˈbæləns ʃiːt/ 貸借対照表
    non-current assets/nɒn ˈkʌrənt ˈæsets/ 固定資産
    current assets/ˈkʌrənt ˈæsets/ 流動資産
    current liabilities/ˈkʌrənt ˌlaɪəˈbɪlɪtiz/ 流動負債
    non-current liabilities/nɒn ˈkʌrənt ˌlaɪəˈbɪlɪtiz/ 非流動負債
    equity/ˈekwɪti/ 公正性
    10.1

    Depreciation

    English

    Depreciation 折旧 is the way the cost of a non-current asset is spread over the years it is used, instead of all in the year it was bought. For example, a £10,000 machine used for five years may lose £2,000 of value each year. Depreciation lowers the asset's value on the statement of financial position and counts as an expense on the income statement, so profit is not overstated.

    日本語

    Depreciation 折旧 is the way the cost of a non-current asset is spread over the years it is used, instead of all in the year it was bought. For example, a £10,000 machine used for five years may lose £2,000 of value each year. Depreciation lowers the asset's value on the statement of financial position and counts as an expense on the income statement, so profit is not overstated.

    Straight-line depreciation: the value of a £10,000 asset falls by £2,000 each year along a straight line, reaching zero after five years
    Straight-line depreciation lowers the asset's value by the same amount each year
    Explore · ⁨探索⁩

    Stakeholder interest lab

    See how different stakeholders judge the same business decision.

    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    depreciation (assets)/dɪˌpriːʃɪˈeɪʃn/ 減価償却(資産)
    10.1

    How stakeholders use financial statements

    English

    Different stakeholders 利益相关者 read these statements for different reasons:

    • owners and investors check the profit and the return on their money.
    • lenders check whether the firm can repay its loans.
    • managers use them to make decisions and set budgets.
    • the government checks the tax due; suppliers check the firm can pay.
    日本語

    Different stakeholders 利益相关者 read these statements for different reasons:

    • owners and investors check the profit and the return on their money.
    • lenders check whether the firm can repay its loans.
    • managers use them to make decisions and set budgets.
    • the government checks the tax due; suppliers check the firm can pay.
    The financial statements linked to five stakeholders and what each looks for: owners check profit and return, lenders check repayment, managers make decisions, the government checks tax, suppliers check they will be paid
    Each stakeholder reads the statements for a different reason
    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    stakeholders/ˈsteɪkhəʊldəz/ ステークホルダー
    10.2

    Ratio analysis

    Syllabus · ⁨シラバス⁩
    English
    1. calculate and interpret profitability, liquidity, efficiency and gearing ratios
    2. use ratio analysis to assess and compare business performance and explain its limitations
    日本語
    1. 収益性比率、流動性比率、効率性比率、レバレッジ比率を計算・解釈する
    2. 比率分析を用いて企業の業績を評価・比較し、その限界を説明する

    Source: Cambridge International syllabus · ⁨出典: Cambridge International シラバス⁩

    English

    A single number means little on its own. Ratio analysis 比率分析 links two figures from the statements to judge performance, and lets you compare one year with another, or one firm with another.

    日本語

    A single number means little on its own. Ratio analysis 比率分析 links two figures from the statements to judge performance, and lets you compare one year with another, or one firm with another.

    Two cards: the profitability ratios with the margin and ROCE formulas, and the liquidity ratios with the current ratio and acid test formulas
    The ratio toolbox: profitability and liquidity at a glance
    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    ratio analysis/ˈreɪʃɪəʊ əˈnæləsɪs/ 比率分析
    10.2

    Profitability ratios

    English

    Profitability 盈利能力 ratios show how good the firm is at turning sales and capital into profit.

    $$\text{gross profit margin} = \frac{\text{gross profit}}{\text{revenue}} \times 100\%$$
    $$\text{operating profit margin} = \frac{\text{operating profit}}{\text{revenue}} \times 100\%$$

    A higher gross profit margin 毛利率 or operating profit margin 营业利润率 means more profit is kept from each sale. The key overall measure is return on capital employed 资本回报率 (ROCE), which compares profit with the money invested:

    $$\text{ROCE} = \frac{\text{operating profit}}{\text{capital employed}} \times 100\%$$

    Here capital employed 所用资本 is the total long-term money in the business. A higher ROCE means the money is being used well.

    Worked example. A firm has revenue of £500,000, gross profit of £200,000, operating profit of £80,000 and capital employed of £400,000. Find its gross profit margin, operating profit margin and ROCE.

    $$\text{gross profit margin} = \frac{200\,000}{500\,000} \times 100\% = 40\%$$
    $$\text{operating profit margin} = \frac{80\,000}{500\,000} \times 100\% = 16\%$$
    $$\text{ROCE} = \frac{80\,000}{400\,000} \times 100\% = 20\%$$
    日本語

    Profitability 盈利能力 ratios show how good the firm is at turning sales and capital into profit.

    $$\text{gross profit margin} = \frac{\text{gross profit}}{\text{revenue}} \times 100\%$$
    $$\text{operating profit margin} = \frac{\text{operating profit}}{\text{revenue}} \times 100\%$$

    A higher gross profit margin 毛利率 or operating profit margin 营业利润率 means more profit is kept from each sale. The key overall measure is return on capital employed 资本回报率 (ROCE), which compares profit with the money invested:

    $$\text{ROCE} = \frac{\text{operating profit}}{\text{capital employed}} \times 100\%$$

    Here capital employed 所用资本 is the total long-term money in the business. A higher ROCE means the money is being used well.

    Worked example. A firm has revenue of £500,000, gross profit of £200,000, operating profit of £80,000 and capital employed of £400,000. Find its gross profit margin, operating profit margin and ROCE.

    $$\text{gross profit margin} = \frac{200\,000}{500\,000} \times 100\% = 40\%$$
    $$\text{operating profit margin} = \frac{80\,000}{500\,000} \times 100\% = 16\%$$
    $$\text{ROCE} = \frac{80\,000}{400\,000} \times 100\% = 20\%$$
    Investors use profitability, liquidity and gearing ratios to judge a firm's financial health
    Investors use profitability, liquidity and gearing ratios to judge a firm's financial health
    Explore · ⁨探索⁩

    Accounts ratio diagnosis

    Classify ratios by the question they answer about a business.

    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    profitability/ˌprɒfɪtəˈbɪlɪti/ 収益性
    gross profit margin/ɡrəʊs ˈprɒfɪt ˈmɑːdʒɪn/ 粗利益率
    operating profit margin/ˈɒpəreɪtɪŋ ˈprɒfɪt ˈmɑːdʒɪn/ 営業利益率
    return on capital employed/rɪˈtɜːn ɒn ˈkæpɪtl emˈplɔɪd/ 資本利用利回り
    capital employed/ˈkæpɪtl emˈplɔɪd/ 使用資本
    10.2

    Liquidity ratios

    English

    Liquidity 流动性 means how easily a firm can pay its short-term debts. Two ratios test it.

    $$\text{current ratio} = \frac{\text{current assets}}{\text{current liabilities}}$$
    $$\text{acid test ratio} = \frac{\text{current assets} - \text{inventory}}{\text{current liabilities}}$$

    The current ratio 流动比率 of about 1.5–2 is usually safe. The acid test ratio 速动比率 is stricter because it removes inventory, which can be slow to sell. Too low is risky; too high may mean cash is sitting idle.

    Worked example. A firm has current assets of £60,000 (including £24,000 of inventory) and current liabilities of £30,000. Find its current ratio and acid test ratio.

    $$\text{current ratio} = \frac{60\,000}{30\,000} = 2.0$$
    $$\text{acid test ratio} = \frac{60\,000 - 24\,000}{30\,000} = 1.2$$
    日本語

    Liquidity 流动性 means how easily a firm can pay its short-term debts. Two ratios test it.

    $$\text{current ratio} = \frac{\text{current assets}}{\text{current liabilities}}$$
    $$\text{acid test ratio} = \frac{\text{current assets} - \text{inventory}}{\text{current liabilities}}$$

    The current ratio 流动比率 of about 1.5–2 is usually safe. The acid test ratio 速动比率 is stricter because it removes inventory, which can be slow to sell. Too low is risky; too high may mean cash is sitting idle.

    Worked example. A firm has current assets of £60,000 (including £24,000 of inventory) and current liabilities of £30,000. Find its current ratio and acid test ratio.

    $$\text{current ratio} = \frac{60\,000}{30\,000} = 2.0$$
    $$\text{acid test ratio} = \frac{60\,000 - 24\,000}{30\,000} = 1.2$$
    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    liquidity/lɪˈkwɪdɪti/ 流動性
    current ratio/ˈkʌrənt ˈreɪʃɪəʊ/ 流動比率
    acid test ratio/ˈæsɪd test ˈreɪʃɪəʊ/ 速絡債務弁済能力(酸性テスト比率)
    10.2

    Efficiency and gearing ratios

    English

    Efficiency 效率 ratios show how well the firm uses its resources — for example, inventory turnover 存货周转率 measures how many times a year the firm sells and replaces its stock. Faster turnover usually ties up less cash.

    Gearing 杠杆比率 shows how much of the firm's long-term money comes from borrowing rather than from owners:

    $$\text{gearing} = \frac{\text{non-current liabilities}}{\text{capital employed}} \times 100\%$$

    High gearing means heavy borrowing — risky if interest rates rise, but it can boost returns when times are good.

    Worked example. A firm has non-current liabilities of £150,000 and capital employed of £500,000. Find its gearing.

    $$\text{gearing} = \frac{150\,000}{500\,000} \times 100\% = 30\%$$

    Below 50%, so the firm is low-geared — it relies more on owners' money than on borrowing.

    日本語

    Efficiency 效率 ratios show how well the firm uses its resources — for example, inventory turnover 存货周转率 measures how many times a year the firm sells and replaces its stock. Faster turnover usually ties up less cash.

    Gearing 杠杆比率 shows how much of the firm's long-term money comes from borrowing rather than from owners:

    $$\text{gearing} = \frac{\text{non-current liabilities}}{\text{capital employed}} \times 100\%$$

    High gearing means heavy borrowing — risky if interest rates rise, but it can boost returns when times are good.

    Worked example. A firm has non-current liabilities of £150,000 and capital employed of £500,000. Find its gearing.

    $$\text{gearing} = \frac{150\,000}{500\,000} \times 100\% = 30\%$$

    Below 50%, so the firm is low-geared — it relies more on owners' money than on borrowing.

    Explore · ⁨探索⁩

    Business case lab

    Classify real decisions so the main business concept becomes concrete.

    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    efficiency/ɪˈfɪʃənsi/ 効率
    inventory turnover/ˈɪnvəntri ˈtɜːnəʊvə/ 在庫回転率
    gearing/ˈɡɪərɪŋ/ レバレッジ(借入比率)
    10.2

    Limitations of ratio analysis

    Ratios are useful but limited. They use past data, which may not predict the future. They ignore non-money factors like staff morale and brand strength. And a fair comparison needs firms of similar size in the same industry.

    10.3

    Investment appraisal

    Syllabus · ⁨シラバス⁩
    English
    1. calculate and interpret investment appraisal methods: payback period, accounting rate of return (ARR) and net present value (NPV)
    2. use investment appraisal to make and evaluate investment decisions
    日本語
    1. 投資評価法の計算・解釈:回収期間、会計上収益性率(ARR)、正味現在価値(NPV)
    2. 投資評価法を用いて投資意思決定を行い、その評価を行う

    Source: Cambridge International syllabus · ⁨出典: Cambridge International シラバス⁩

    English

    Investment appraisal 投资评估 is the study of whether a big spending project (such as a new machine or factory) is worth it. Three methods are used.

    日本語

    Investment appraisal 投资评估 is the study of whether a big spending project (such as a new machine or factory) is worth it. Three methods are used.

    Explore · ⁨探索⁩

    Investment appraisal route

    Follow how a project is judged from cash flows to decision.

    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    investment appraisal/ɪnˈvestmənt əˈpreɪzl/ 投資評価
    10.3

    Payback, ARR and NPV

    English
    • the payback period 回收期 is the time it takes for the project's cash inflows to repay the initial cost. A shorter payback is safer.
    • the accounting rate of return 会计回报率 (ARR) shows the average yearly profit as a percentage of the money invested:
    $$\text{ARR} = \frac{\text{average annual profit}}{\text{initial investment}} \times 100\%$$

    Worked example. A machine costs £100,000 and is expected to earn an average annual profit of £25,000. Find its accounting rate of return.

    $$\text{ARR} = \frac{25\,000}{100\,000} \times 100\% = 25\%$$
    • the net present value 净现值 (NPV) recognises that money in the future is worth less than money today. It uses discounting 折现 to shrink future cash flows back to today's value, then takes away the initial cost. A positive NPV means the project adds value.

    Each method has strengths: payback is simple and focuses on risk; ARR shows profitability; NPV is the most complete but needs a chosen discount rate.

    日本語
    • the payback period 回收期 is the time it takes for the project's cash inflows to repay the initial cost. A shorter payback is safer.
    Cumulative cash flow line starting below zero at the initial cost and rising each year; it crosses zero at the payback period of about 2.75 years
    The payback period is when cumulative cash flow climbs back to zero
    • the accounting rate of return 会计回报率 (ARR) shows the average yearly profit as a percentage of the money invested:
    $$\text{ARR} = \frac{\text{average annual profit}}{\text{initial investment}} \times 100\%$$

    Worked example. A machine costs £100,000 and is expected to earn an average annual profit of £25,000. Find its accounting rate of return.

    $$\text{ARR} = \frac{25\,000}{100\,000} \times 100\% = 25\%$$
    • the net present value 净现值 (NPV) recognises that money in the future is worth less than money today. It uses discounting 折现 to shrink future cash flows back to today's value, then takes away the initial cost. A positive NPV means the project adds value.
    Three bars: £100 today is full height, but £100 received in one year is worth about £91 today and £100 in two years only £83, so the bars shrink
    Discounting, the idea behind NPV: the same £100 is worth less the longer you wait for it, so future cash flows are shrunk back to today's value

    Each method has strengths: payback is simple and focuses on risk; ARR shows profitability; NPV is the most complete but needs a chosen discount rate.

    Explore · ⁨探索⁩

    Will the machine pay for itself?

    Drag the cost, yearly inflow and useful life — the cumulative line crosses zero at the payback period, and ARR is compared with the bank's rate.

    Vocabulary · ⁨語彙⁩ Train · ⁨練習する⁩
    English 日本語
    payback period/ˈpeɪbæk ˈpɪərɪəd/ 回収期間
    accounting rate of return/əˈkaʊntɪŋ reɪt ɒv rɪˈtɜːn/ 会計収益率
    net present value/net ˈprezənt ˈvæljuː/ 正味現在価値
    discounting/ˈdɪskaʊntɪŋ/ 割引
    10.4

    Finance and accounting strategy

    Syllabus · ⁨シラバス⁩
    English
    1. explain the use of financial data and budgets in strategic decision-making
    2. evaluate the financial implications of strategic decisions
    日本語
    1. 戦略的意思決定における財務データおよび予算の利用方法を説明する
    2. 戦略的意思決定の財務的影響を評価する

    Source: Cambridge International syllabus · ⁨出典: Cambridge International シラバス⁩

    At the top level, managers use financial data and budgets to choose between strategies. Before a big decision, they ask: can we afford it, how will it affect profit, cash flow and gearing, and what is the likely return? Financial information turns a risky guess into a reasoned choice — but numbers are only part of the picture, and must be weighed with the market, the staff and the firm's objectives.

    Explore · ⁨探索⁩

    Sources of finance lab

    Choose the best type of finance by time, risk and ownership.

    10.4

    Exam tips

    • Calculate and interpret the key ratios — gross/net profit margin, current ratio, gearing, ROCE — always against a benchmark or a trend.
    • For investment appraisal know payback (time to recover), ARR (average % return) and NPV (discounted; a positive NPV means accept).
    • A current ratio of about 1.5–2 is healthy: too high wastes resources, too low risks liquidity problems.
    • State the limitations of ratios (historical figures, no qualitative factors) in your evaluation.

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