Specialized Track · Career

Business

Speak with authority in executive-level business settings.

This is boardroom-level English: the vocabulary of C-suite strategy, financial analysis, M&A, and executive leadership. This lesson closes the Business career track.

Why this matters This lesson connects directly to your progress: it covers strategy and competitive positioning; risk, governance, and negotiation; mergers, acquisitions, and leadership vocabulary. Mastering this content lets you move forward confidently, and reinforces patterns you'll use again later. Take time to review every example before moving to the assessment — repetition is what actually locks knowledge in long-term.

01

What will you be able to do?

The goals of this lesson.

02

Before you start

You already handle meetings and stakeholder conversations. This final Business lesson gives you executive-level vocabulary: governance, strategy, and boardroom communication.

03

Strategy and competitive positioning

Terms used at the executive level to discuss market strategy and competitive advantage.

Examples

Our value proposition needs to be more clearly articulated.
Strategic messaging
We're pursuing a market penetration strategy this fiscal year.
Strategic planning
The board is concerned about our exposure to currency risk.
Risk management
We need to leverage our core competencies to outpace competitors.
Competitive strategy
The acquisition will significantly strengthen our market position.
M&A strategy
Our EBITDA margin improved despite rising operational costs.
Financial analysis
We're restructuring the organization to improve operational efficiency.
Organizational strategy
Shareholder value remains our primary long-term objective.
Corporate governance

04

Risk, governance, and negotiation

Vocabulary for board-level discussions on compliance, risk mitigation, and high-stakes negotiation.

Examples

This initiative aligns with our broader digital transformation agenda.
Corporate strategy
We need to mitigate reputational risk before this goes public.
Crisis management
The negotiation reached an impasse over intellectual property rights.
Advanced negotiation
Let's explore a phased rollout to minimize disruption.
Change management
Our due diligence revealed several undisclosed liabilities.
M&A due diligence
We anticipate headwinds in the second half of the year.
Forecasting

05

Mergers, acquisitions, and leadership vocabulary

Specialized terms for M&A processes and executive-level leadership discourse.

Examples

The executive committee will convene to finalize the decision.
Governance vocabulary
This represents a paradigm shift in how we approach customer acquisition.
Strategic vocabulary
We must balance short-term gains against long-term sustainability.
Strategic tension
The proposed synergies could yield substantial cost savings.
M&A vocabulary
Our competitive moat lies in proprietary technology and brand loyalty.
Competitive advantage
We're renegotiating terms to reflect changing market conditions.
Contract renegotiation
Regulatory compliance remains a critical component of our risk framework.
Compliance
The CEO's vision hinges on scaling operations while preserving culture.
Leadership vocabulary

06

Reading

Read the text and answer the questions. You can try as many times as you want.

The executive committee convened to discuss the proposed acquisition. "Our due diligence revealed several undisclosed liabilities," the CFO reported, "but the projected synergies could still yield substantial cost savings." The board remained divided on whether the risk was justified.

"This acquisition would significantly strengthen our market position," argued the CEO, "and align with our broader digital transformation agenda." After hours of negotiation, which nearly reached an impasse over intellectual property rights, the board finally approved a phased rollout to minimize disruption.

1. What did due diligence reveal?

2. What could still result despite the risks?

3. What did the CEO argue the acquisition would do?

4. What nearly caused an impasse?

5. What did the board finally approve?

07

Reading: Due Diligence Before the Merger

A second reading, a bit longer. Read it and answer the questions below.

Before the board approved the acquisition, the finance team spent weeks on due diligence. They reviewed the target company's liabilities, assessed potential synergy between the two sales teams, and double-checked the valuation the investment bank had proposed.

“This deal could really move the needle for us,” the CFO told the board, “but we need shareholders on board first.” After circling back with legal on a few remaining liabilities, the board agreed to bring the deal to a close by the end of the quarter, using leverage to fund part of the purchase.

1. What did the finance team do for weeks?

2. What did they assess between the two sales teams?

3. What did the CFO say the deal could do?

4. Who did the CFO say needed to be on board?

5. How did the board plan to fund part of the purchase?

08

Match the Terms

Tap a term on the left, then tap its matching definition on the right. Ungraded — repeat as many times as you like.

Term

Definition

09

Fill in the Blanks

Usa las pistas para completar cada palabra en inglés. Sin calificar — repite las veces que quieras.

10

Key Points

The essentials of this lesson, summarized.

11

Vocabulary in This Lesson

Key terms to remember.

value
noun

the worth or benefit something provides, especially to a customer

In "value proposition", this refers to the core benefit a company offers customers — central to strategic positioning.

Formal / strategic

Collocations: value proposition, add value, value chain

Synonyms: worth, benefit, merit

"Our value proposition needs to be more clearly articulated."
Traducciónvalor, propuesta de valor
pursuing
verb (progressive)

actively working toward a goal or strategy

Signals a deliberate, ongoing strategic choice rather than a one-time action — common in strategic planning language.

Formal / strategic

Collocations: pursuing a strategy, pursuing growth, actively pursuing

Synonyms: chasing, pursuing, striving for

"We're pursuing a market penetration strategy this fiscal year."
Traducciónpersiguiendo (una estrategia)
board
noun

the group of people who oversee a company's direction

Refers to the board of directors, the top governance body of a corporation, distinct from day-to-day management.

Formal / corporate

Collocations: board of directors, report to the board, board meeting

Synonyms: board, directors, governing body

"The board is concerned about our exposure to currency risk."
Traducciónjunta directiva
to need
verb

to require something essential for success

Here framed around leveraging "core competencies" — a strategic-management concept for a firm's key strengths.

Formal / strategic

Collocations: need to leverage, dire need, needs assessment

Synonyms: require, must have

"We need to leverage our core competencies to outpace competitors."
Traducciónnecesitar
acquisition
noun

the act of a company buying another company

A core M&A (mergers and acquisitions) term, distinct from a "merger" where companies combine as more equal partners.

Formal / M&A

Collocations: hostile acquisition, complete an acquisition, acquisition strategy

Synonyms: takeover, purchase, buyout

"The acquisition will significantly strengthen our market position."
Traducciónadquisición
EBITDA
noun (acronym)

earnings before interest, taxes, depreciation, and amortization

A key profitability metric used to compare companies' core operating performance without accounting or financing distortions.

Formal / financial

Collocations: EBITDA margin, adjusted EBITDA, EBITDA multiple

Synonyms: operating earnings

"Our EBITDA margin improved despite rising operational costs."
Traducciónbeneficio antes de intereses, impuestos, depreciación y amortización
valuation
noun

an estimate of how much a company is worth

Central to investment and M&A decisions; can be based on multiple methods (discounted cash flow, comparables, etc.).

Formal / financial

Collocations: company valuation, valuation multiple, fair valuation

Synonyms: worth, appraisal, market value

"The startup's valuation doubled after the funding round."
Traducciónvaloración
due diligence
noun

a detailed investigation before a business deal

Standard pre-acquisition process to verify financial, legal, and operational information before a deal closes.

Formal / legal-financial

Collocations: conduct due diligence, due diligence process, thorough due diligence

Synonyms: investigation, vetting, scrutiny

"The buyers are doing due diligence before the acquisition closes."
Traduccióndiligencia debida
liability
noun

a financial obligation or debt a company owes

Appears on the balance sheet opposite "assets"; critical in assessing financial health before a transaction.

Formal / financial

Collocations: assess liabilities, current liabilities, contingent liability

Synonyms: debt, obligation

"We need to assess the company's liabilities before signing."
Traducciónpasivo, obligación
synergy
noun

extra value created when two things work together

Frequently cited (and sometimes overestimated) benefit used to justify mergers and acquisitions.

Formal / strategic

Collocations: create synergy, synergy between, cost synergies

Synonyms: combined benefit, complementary strength

"The merger created synergy between the two sales teams."
Traducciónsinergia
shareholder
noun

a person who owns shares in a company

Distinct from "stakeholder" — specifically refers to equity owners with voting rights and financial interest.

Formal / corporate

Collocations: shareholder vote, shareholder value, activist shareholder

Synonyms: stockholder, investor, equity holder

"Shareholders voted against the proposed merger."
Traducciónaccionista
leverage
noun / verb

borrowed money used to increase potential returns

Can amplify both gains and losses; a central concept in corporate finance and risk management.

Formal / financial

Collocations: use leverage, highly leveraged, leverage ratio

Synonyms: borrowed capital, gearing

"The company used leverage to fund the expansion."
Traducciónapalancamiento

12

Common Phrases & Expressions

High-level expressions used in boardrooms, M&A deals, and executive strategy discussions.

move the needle
"This campaign needs to actually move the needle on revenue."
low-hanging fruit
"Let's go after the low-hanging fruit before the harder markets."
circle back
"Let's circle back on valuation once due diligence is done."
bring to a close
"We hope to bring the acquisition to a close by Q3."
on the table
"A full buyout is still on the table."
streamline operations
"The merger will help us streamline operations across regions."
core competency
"Data analytics has become one of our core competencies."
scale back
"The board decided to scale back the expansion plan."

13

Build the Sentence

Tap the words in the correct order to form the sentence. Ungraded — repeat as many times as you like.

14

Choose the Correct Verb

Tap the correct verb form to complete each sentence. The other options are conjugations from other tenses — on purpose, so you learn to tell them apart.

Our moat lies in proprietary technology and brand loyalty

This aligns with our broader digital transformation agenda

Let's a phased rollout to minimize disruption

The committee will convene to finalize the decision

We headwinds in the second half of the year

16

Assessment

You need at least 80% to unlock the next lesson. You can retake it as many times as you want — your best score is saved.

1. Select the correct match for: "The negotiation reached an impasse over intellectual property rights."

2. "This initiative aligns with our broader digital transformation agenda." — which one is correct?

3. What does this mean: "We're renegotiating terms to reflect changing market conditions."?

4. Choose the equivalent of: "Regulatory compliance remains a critical component of our risk framework."

5. Which option matches: "This represents a paradigm shift in how we approach customer acquisition."?

6. Choose the equivalent of: "The executive committee will convene to finalize the decision."

7. What does this mean: "We're restructuring the organization to improve operational efficiency."?

8. Which option matches: "The board is concerned about our exposure to currency risk."?

9. Choose the equivalent of: "Let's explore a phased rollout to minimize disruption."

10. Select the correct match for: "The CEO's vision hinges on scaling operations while preserving culture."

Review — Lesson 63 What matches: "The market punished companies that failed to adapt."?

Review — Lesson 63 What matches: "Great leaders don't create followers; they create more leaders."?

17

Summary and next step

You've completed the Business track! You now speak the language of professional and executive communication. Next: Economics and Finance, starting with the basics.

🗣️ Practice out loud

Use the conversational tutor to practice this topic.

Open the tutor

18

Games

Practice this lesson's vocabulary with a word search and flashcards. Ungraded — play as many times as you like.

Word Search

Tap the first and last letter of a hidden word to find it. Los términos de varias palabras van sin espacios en el tablero (ej. "give up" aparece como GIVEUP).

Flashcards

Elige la respuesta correcta. Si aciertas, la tarjeta queda lista por hoy; si fallas, vuelve a aparecer pronto para reforzarla. Tu progreso se guarda en este dispositivo.

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