单选题 When Arsenal, an English football club, took on Reading in 2007, the cover of the official program featured Theo Walcott, a young football player known for his speed. A copy is on display near the town of Bhigwan in the Indian state of Maharashtra, in a factory belonging to Ballarpur Industries Limited (BILT). It is India"s biggest maker of writing and printing paper, including the glossy stock that Arsenal supporters browse before kick-off.
BILT is part of the Avantha Group, a corporation headed by Gautam Thapar that spans agribusiness, power and manufacturing, among other things. The group has grown at a pace that would shame Mr. Walcott, earning revenues of about $4 billion in 2009, compared with $1 billion in 2003. It provides one example of how corporate India might evolve, as it globalizes its operations, professionalizes its management and modernizes its technologies, while remaining a family corporation.
The group was founded in the 1920s by Karam Chand Thapar, who passed it on to his son, Lalit Mohan. Like many family corporations, it split in its third generation. But it split amicably, leaving Mr. Thapar with the lion"s share of the businesses. Other corporate siblings squabble over the family name. Mr. Thapar dropped it, rebranding the group "Avantha" in 2007.
Mr. Thapar cites a European tradition, where the heirs to family businesses first go off to try their luck elsewhere, before returning to the family fold. By accident, if not by design, he enjoyed a similar upbringing. As the second son of Lalit Mohan"s brother, Gautam grew up "twice removed from any position of inheritance."
That was probably just as well. Sudhir Trehan, who runs Crompton Greaves, Avantha"s electrical equipment-maker, jokes that when he joined as a trainee in 1972, the management would not drink tea unless it were served with white gloves from a silver pot. That complacent culture could not survive the less sheltered economy of the 1990s. Mr. Thapar became boss of BILT after steering it clear of bankruptcy in the latter half of that decade. Thereafter his uncle left him free to get on with it. Mr. Thapar cultivates a similar relationship with those who work for him, giving promising young executives responsibility for smaller units early on, so they can make their mistakes before the stakes get too big. "You actually believe it"s your company," says Vineet Chhabra, head of Global Green, a subsidiary which exports foods to 50 countries.
One advantage of a corporation is that it allows the ambitious to graduate from one company to another without leaving the group. When Mr. Chhabra began to feel irritated by Global Green"s small scale, he was given that option. But instead he chose to turn Global Green into the bigger company he wanted to run. With the group"s backing, it acquired Intergarden, a Belgian company three times its size. The purchase illustrates another advantage of the corporation: it gives units access to finance they could not raise on their own.
Indian companies typically buy firms abroad to secure materials, markets, or technologies. Avantha has gone in search of all three. Intergarden, for example, gave Global Green valuable customer relationships. BILT bought a Malaysian firm to gain access to its timber. Crompton Greaves wanted Pauwels, a Belgian company, mainly for its know-how.
Mr. Thapar is unusual among Indian businessmen in seeking inspiration (as well as acquisitions and markets) in continental Europe. In both Europe and India, he points out, the state remains a big owner of enterprise, the capital markets have yet to supersede banks as a source of corporate finance, and share ownership is often concentrated in family hands. Even the group"s new name is an unlikely mix of Indian and European. It evokes both the Sanskrit for "strong foundations" and the French for "advance" — a combination worth trading the family name for.
单选题 Why does the author say in the second paragraph "The group has grown at a pace that would shame Mr. Walcott..."?
【正确答案】 D
【答案解析】[解析] 句意理解题。据第1段首句可知,Theo Walcott是一个以速度出名的足球员,第2段第2句描述Avantha集团能让这一球员感到羞愧,而其后则以数据表明集团利润的飞跃,故可以推断这一集团是以其发展速度使Walcott羞愧,故D符合题意。
单选题 The word amicably in "But it split amicably" in the third paragraph means
【正确答案】 A
【答案解析】[解析] 词义理解题。文章第3段指出,Avantha集团像其他的家族企业一样逃不出分裂的结局。但是根据后面的描述说,Thapar得到了最大的份额,重新建立了自己的品牌,其他的兄弟姐妹则继承了家族品牌,他们各有所得。因此可以说这种分裂“友好平静”,而选项B“焦虑”,C“严肃”及D“富有野心”均不符合题意。
单选题 According to the passage, which of the following is brought about by self-satisfied culture?
【正确答案】 B
【答案解析】[解析] 细节推断题。由self-satisfied culture定位到第5段。本段第3句中的complacent与题干中的serf-satisfied对应,这句指出自满文化不可能在没有受保护的经济状况下生存,据此可推断自满文化导致公司缺乏足够的能力对抗经济危机,故B为正确答案。
单选题 Which is NOT seen as a benefit of a corporation?
【正确答案】 D
【答案解析】[解析] 细节判断题。由benefit of a corporation定位到第6段。本段首句阐述了集团企业的一个优势就是可减少有志向的员工的流失,第4句举例说明集团能够为下属公司收购别的公司提供帮助;最后一句话强调这种收购体现集团公司容易筹集资金的优势,A、B、C项提到了这三点,而D项“可增强公司长期的价值”并没有在本段提到。
单选题 The passage cites the following examples EXCEPT ______ to show Mr. Thapar"s uniqueness in running business.
【正确答案】 D
【答案解析】[解析] 例证题。第5段提到Thapar在公司管理方面承诺让年轻行政人员从小单元项目开始负责;第7段第4句举了BILT集团购买马来西亚的一家公司的事例说明Thapar并购国外企业;第8段首句明确指出他独特的管理理念在于对市场的敏感,A、B、C项提到了这三点,而选项D项“对国家经济的贡献”没能体现他的管理理念。