8. Amazon

It is hard to imagine the Internet without Amazon.com. One of the Web’s first major e-tailers, Amazon has become almost synonymous with online shopping. Since its early days of just selling books, Amazon has ballooned into a multi-product, multibillion-dollar company. Along the way, it has survived the ups and downs of the Internet’s growth, which has seen many competitors come and go.

e-tailer:電子小売
synonymous:同義の
balloon into X:Xにふくらむ、Xへ急進する
multi-product:多品目の
along the way:ここに至るまでに
ups and downs:起伏


Amazon opened its doors online in 1995. It was truly a “garage business”; the company’s founder, Jeff Bezos, started by packaging and shipping books from his home garage. The concept of shopping for books online was very exciting to people. At last, they could locate almost any book without having to make phone calls to several bookstores. People could also save money by shopping on Amazon, which offered discount prices that traditional bookstores couldn’t match.

locate:場所を突き止める


As Amazon’s reputation grew, it made many aggressive moves. The company grew its market by launching international websites, starting with sites for England and Germany in 1998. With a goal of becoming a one-stop shopping site, Amazon is expanded its product lines to include DVDs, CDs, and countless other items. And the company formed partnerships with many e-tailers and individuals to help sell their products using Amazon’s technology and services.

aggressive:攻撃的な
launch:(プログラムを)立ち上げる
one-stop:1つで全てをみなす


Despite all the hard work, the road to success has been a bumpy one. For years, Amazon lost huge amounts of money. Some of its partnerships, such as its relationship with Toys “R”Us, have not worked out. After the dot-com bust of 2000, when many Internet businesses went under, Amazon’s future was not at all clear.

bumpy:でこぼこの
work out:うまくいく
bust:失敗、破滅
go under:(会社などが)破産する


During the long storm, Amazon kept flying the flag and pushing on, investing millions each year to improve its technology. The hard work paid off. From 2001 to 2007, the resilient company grew by an average of almost 30 percent per year. In 2003, Amazon achieved its first profit, and it continued to deliver impressive sales figures and profits in the years that followed. Not bad for a company that started in someone’s garage.

fly the flag:旗を揚げる
(ref.) keep the flag flying:降参しない、信念を貫く
(ref.) show the flag:姿を見せる
pay off:利益を生む
resilient:回復の早い
figure:数字

57. 景気変動

景気変動

  • 景気変動の繰り返し
    • 好況により輸入が増加
       ↓
      貿易赤字、国際収支が悪化
       ↓
      金融を引き締める
       ↓
      景気が後退
       ↓
      国際収支の天井
  • 国際収支の天井
    • 国際収支の赤字を改善するために経済成長しているにも関わらず、国内需要の抑制策により経済を引き締めると、経済成長を抑制してしまうこと
    • 固定相場制において、景気が良くなる
       ↓
      国内需要が増えて輸入が拡大(貿易赤字の拡大)
       ↓
      円に対する減価圧力が高まる(円安方向へ)
       ↓
      政府は円の価値を一定に保つために、外貨準備を使い円を買う(為替介入)
       ↓
      円高方向への調整による貿易赤字の拡大、為替介入による外貨準備の枯渇
景気変動

7. Google

Google.com is one of the world’s most frequently visited websites. It was founded by Larry Page and Sergey Brin, two Stanford University graduate students, in 1998. Since then, Google has gone on to become the Internet’s most popular search engine. However, hand in hand with this success has come a fair amount of suspicion and distrust.

graduate student:大学院生
hand in hand:相伴って
suspicion:疑い、疑念
distrust:不信用、疑惑


Internet users love Google. It is fast (often delivering search results in less than a second), and it organizes search results clearly. Over the years, Google has grown to add services such as image searches, video searches, and Gmail, Google’s version of e-mail. You can even download a toolbar that lets you perform a Google search without visiting the website. The best part is, all of these services are free!

deliver:(成果などを)出す


Website owners also love Google. The company’s “Google bots” roam the Internet continuously, cataloging the sites they visit. That means even the smallest of websites has a chance to appear in a Google search result. For e-commerce sites, Google is often critical to their business, and appearing high on a list of search results can help a company make a fortune. Appearing low on a list (or even worse, not appearing at all) can cause serious damage to a company’s profits.

roam:歩き回る
catalog:(物事を)分類する
be critical to X:Xにとって決定的である
fortune:財産、富


Clearly, Google is a very powerful website, and its business practices have attracted a lot of criticism. One of the company’s main revenue streams is paid advertising. Critics charge that Google gives its advertisers suggestions so that they can make changes to help their websites appear higher up on a search.

attract criticism:批判を呼ぶ
revenue stream:収入源
critic:批評家
charge:非難する


People are also worried about privacy. For example, a copy of every user e-mail sent on Gmail is kept on a Google server. Also, when you install the Google toolbar,it lets Google track every website you visit. Google says it is simply trying to help you perform searches, but critics fear that this sensitive information could fall into the wrong hands.

fear:恐れる、心配する
fall into the wrong hands:悪者の手に渡る


As Google expands, it has to be careful to maintain the public’s trust. It also must work hard to convince people that it treats all websites fairly. For an old, established company, that would be a tall order. For a young company like Google, it is a huge challenge.

as:~するにつれ
convince:納得させる
established:確立した
tall order:難しい注文
(ref.) no small order:難しい注文

56. 近年の日本経済

バブル景気から近年まで(1991~2000年代)

  • バブル景気の抑制
    • 公定歩合の引上げ
    • 地価税の導入
  • 1991年、バブル景気の崩壊
    • 株価と地価が50%以上の暴落
    • 金融機関は大量の不良債権を抱える
    • 銀行の「貸し渋り」による企業の設備投資の減少
    • 企業業績の悪化による所得の減少
    • 個人消費の落ち込み
    • 金融機関の再編・統合
    • 大企業のリストラ・倒産
      • 事業の再構築(リストラクチャリング)
      • 不採算部門の切捨て
      • 成長部門の拡充
      • 中高年労働者の希望退職・出向・解雇
    • 失業率の上昇
    • 平成不況、失われた10年(1991~2001)
  • 1997年、アジア通貨危機
    • 1997年7月よりタイを中心に始まった、アジア各国の急激な通貨下落(減価)
    • 東アジア、東南アジアの各国経済に大きな悪影響を及ぼした
  • 2002年、長い不況のトンネルを抜ける
  • 2003~2007年、アメリカ経済の好調と外国為替相場の円安に支えられて、実質GDPベースで2%程度の成長を続ける
  • 2007年、アメリカでサブプライム住宅ローン危機が顕在化
  • 2008年、世界金融危機
    • 2008年9月15日、リーマン・ショック
      • 投資銀行であるリーマン・ブラザーズ・ホールディングスが経営破綻
    • 2008年9月29日、ニューヨーク証券取引市場のダウ平均株価が暴落
      • 金融危機は中欧・南欧・東欧を中心に各国へ連鎖的に広がり、国際的な金融危機へ
    • 日本への影響
      • 欧米先進国向けの自動車やIT製品の輸出が激減し、輸出関連企業を中心に大きな影響を与えた
      • 企業は設備投資を控えたり、派遣社員などの非正規社員の解雇、正規社員の賃金カットを進め、内需が低迷

近年の日本が抱える課題

  • 長期のデフレ状況
  • アジア諸国の低価格製品の輸入急増、値下げ競争などによる価格破壊
  • 欧米先進国市場の縮小
  • 少子高齢化による国内市場の縮小
  • 新興国向けへの輸出促進
  • 環境や健康、観光などの成長戦略の構築

6. Anita Roddick

Most companies and businesspeople say they want to make the world a better, cleaner, and safer place. Anita Roddick, founder of The Body Shop, actually built her business around these values. Using all-natural products, while supporting many social and environmental causes, she grew the cosmetics company into a worldwide success ... with a heart.

cause:主義、理想


Before Roddick opened the first Body Shop in 1976, the British native traveled widely. Spending time in rural areas, she saw with her own eyes how people lived and how they dealt with the problems they faced. She was also introduced to many interesting locally grown products.

deal with X:Xに対処する
be introduced to X:Xを知る


Her first store in England sold only a handful of personal-care items, which used ingredients such as aloe vera and cocoa butter. Such ingredients, which are now fairly well known, were uncommon at the time. The store did well, and Roddick opened her second store just six months later. The Body Shop continued to grow by selling franchises, first in Europe and then elsewhere, eventually totaling more than 2,000 stores worldwide.

a handful of:少数の、少量の
ingredient:材料
franchise:営業権


Roddick built a number of core ethical principles into The Body Shop. For instance, the company opposed testing products on animals, supported human rights, and encouraged community trade. This last point was a key part of Roddick’s way of doing business. She went out of her way to support poor communities by buying products and ingredients from them. These include self-massagers from India and sesame-seed oil from Nicaragua.

ethical:倫理上の
oppose:反対する
community trade:コミュニティトレード(コミュニティと持続的な関係を築き、良質な原料や製品を公正な価格で取引する貿易の仕組み)
go out of one’s way to X:わざわざXする
(ref.) take the trouble to X:苦労してXする
sesame-seed:ゴマの実


Led by Roddick, The Body Shop also supported a number of causes. Back in 1986, it contributed to Greenpeace’s Save the Whales campaign. Also, using the power of its customer base, the company has carried out large petition drives. In 1996, its collected four million signatures for the Against Animal Testing campaign. The effort was successful, leading to a total ban on animal testing in the U.K.

contribute to X:Xに貢献する
customer base:顧客基盤
petition drive:署名運動


In March 2006, The Body Shop was bought by L’Oreal. Some people were worried that the new owners would change the way The Body Shop was run. But Roddick, who died the next year, remained confident that the “green” company she created would stay true to its values.

remain confident that X:引き続きXへの自信を示す

5. Andrew Carnegie

The legend of Andrew Carnegie is complex. On the one hand, the steel king is remembered as a powerful businessman — at one time the world’s richest man. On the other hand, he gave away 90 percent of his fortune, making him one of history’s greatest philanthropists.

steel:鉄鋼
philanthropist:慈善家


Carnegie was born in Scotland in 1835 into a working-class family. As machines replaced workers in the textile business, his father was laid off. Poor, yet hopeful for a better future, the family immigrated to America when Andrew was 13. It was a 50-day trip in miserable conditions.

working-class:労働者階級
replace:取って代わる
textile:織物
lay off:解雇する
immigrate:移住する
miserable:みじめな


In America, a classroom education was not an option for Andrew. He had to work to help pay the bills. But he was smart and hardworking, and he moved on to better and better jobs, from factory worker to factory master.

pay the bills:諸生活費を支払う
hardworking:勤勉な
move on to X:Xへ移る
master:雇い主


At the Pennsylvania Railroad, where Carnegie worked for 12 years, he quickly climbed the corporate ladder. He then opened his own business in 1865, building iron bridges. Later, he turned to making steel, and his riches multiplied even faster. Eventually, in 1901, Carnegie sold his steel company to J.P. Morgan for a massive profit.

climb the corporate ladder:出世の階段を昇る
multiply:倍増する
massive:大量の


But Carnegie was not only concerned with money. From his parents, he had learned to believe in the equality of all people. He also believed in the power of education. As a boy, Carnegie had a chance to use a small library, and as an adult he continued to educate himself through reading.

be concerned with X:Xを気にしている


One might say that Carnegie wanted the world to read. During his lifetime, he donated money to open more than 2,800 public libraries, including one in his hometown in Scotland. He also gave to universities and supported peace-building efforts. His largest gift, of $125 million, formed the Carnegie Corporation, which supported schools and scientific research.

lifetime:一生
donete:寄付する
Carnegie Corporation:カーネギー財団


Without question, Carnegie was a complex man. His fortune was made from modern factories and industries 一 the type that had put his father out of work. History does not look kindly on the way Carnegie treated his workers. And yet he gave and gave, supporting the common person through his generosity. For that, history remembers Andrew Carnegie fondly.

without question:疑いなく
generosity:寛大さ
fondly:愛情を込めて

55. 戦後日本の経済成長(3)

安定成長期(1973~1991)

  • 安定成長期のはじまり
    • 1973年、第4次中東戦争の勃発
       ↓
      アラブ産油国が石油輸出を制限
       ↓
      石油輸出国機構(OPEC)が価格を大幅に引き上げ
       ↓
      第1次石油危機(第1次オイルショック)
       ↓
      高度経済成長の終わり
       ↓
      年率3~5%の安定成長の時代へ
  • 1980年代の経済情勢
    • 企業は「省資源・省エネ」を合言葉に合理化を進める
    • 強い国際競争力を持った電気製品や自動車などが「集中豪雨」的に輸出された
    • 欧米諸国との貿易摩擦や経済摩擦が大きくなる
    • 「内需」を拡大する経済構造への転換が求められる
  • 1985年、プラザ合意
    • ニューヨークのプラザホテルで、G5(先進 5カ国財務相中央銀行総裁会議)の米・英・独・仏・日は、外国為替市場へ協調介入して、ドル高を是正することで合意
    • プラザ合意による「円高ドル安誘導政策」で日本経済は円高不況へ(約1年ほど)
  • 1986年、バブル景気(平成景気)
    • 円高不況への対策として、政府・日銀は低金利政策を実施
       ↓
      企業や家計の余剰資金が、株と土地への投資に集中
       ↓
      株や土地の資産価格が実体以上に上昇
       ↓
      長期の好況

4. IKEA

If you recently went shopping at IKEA for a Billy (a bookshelf) or a Detolf (a glass cabinet), you had a lot of company. Over the last 60 years, the retail legend with unique product names has probably sold more furniture than any other company. Millions of customers worldwide have filled their homes with IKEA products, turning the Swedish chain into a multibillion-dollar giant.

turn X into Y:XがYに変わる
multibillion-dollar:数十億ドル


IKEA’s roots were far more humble. Founded in 1943 by Ingvar Kamprad, a 17-year-old Swede, the company started as a mail-order business. One might expect such a young entrepreneur to grow tired of the ins and outs of a daily business, but not Ingvar. Within four years, he went from selling pens ,watches, and other odds and ends to hiring local craftspeople to build furniture for IKEA.

humble:謙虚な、つつましい
entrepreneur:起業家、アントレプレナー
grow tired of X:Xに飽きる
ins and outs:詳細
odds and ends:さまざまなもの
craftspeople:職人


The 1950s were a momentous period for the company. Kamprad opened his first showroom in 1953. Two years later, the company started designing its own furniture. Shortly after that, IKEA began selling items in “flat packages.” That is, the products came in several pieces, packed in a box, and customers assembled the items at home. According to the company, this idea came from an IKEA employee who had to take apart a table to make it fit into a car.

momentous:重大な
assemble:組み立てる
take apart:分解する


Besides do-it-yourself furniture and “one-way” store layouts (IKEA stores are intentionally designed to make you walk through every section before arriving at the cash register), IKEA is known for its emphasis on children. It sells many products designed specifically for use by boys and girls. The company is also a big supporter of children’s rights, helping in efforts to eliminate child labor in developing countries.

do-it-yourself:DIYの
intentionally:意図的に
in an effort to X:Xしようと努力して
eliminate:排除する


With sales of $28.9 billion in 2007, IKEA is firing on all cylinders. It now has more than 250 stores in over 30 countries. As the world buys Billys and Detolfs by the thousands, Ingvar Kamprad (already one of the world’s richest people) will continue to have a reason to smile. If there isn’t an IKEA near you yet, that could change soon, as the retail legend grows and grows.

fire on all cylinders:ばく進する、全力で物事に成功する
(ref.) go home burning rubber:大急ぎで帰宅する
(ref.) grease the wheels:事を順調に進める、事をスムーズに運ぶ

54. 戦後日本の経済成長(2)

高度経済成長期(1955~1972)

  • 日本は年率10%前後の実質経済成長率の伸びを達成
    • 臨海コンビナート、高速道路、新幹線の建設
    • 産業構造の高度化
    • 重化学工業化の進展
  • 高度経済成長の理由
    • 海外から最新技術を積極的に導入
    • 国民の高い貯蓄率をもとにした銀行から企業への融資
    • 郵便貯金などを原資とする政府の財政投融資
    • 「投資が投資を呼ぶ」といわれた積極的な企業の設備投資
    • 「消費革命」と呼ばれた耐久消費財ブーム、
    • 安価で質の高い、大量の労働力
    • 輸出に有利な1ドル=360円という円安の固定為替相場
    • 「国民所得倍増計画」などの政府の積極的な産業育成政策
    • 企業グループ間の激しいシェア拡大競争
    • アメリカを中心とする世界経済の拡大(国際貿易の拡大)
    • 平和憲法による軍事費の低い負担

3. Walmart

Sam Walton’s story reads like a classic tale of the American dream come true. From humble beginnings on a Midwestern farm, Walton eventually built an empire that made him at one time the richest man in America. Along the way, he helped change the way the world does business.

classic:典型的な
tale:物語
humble:(身分などが)低い
empire:大企業
along the way:途中で


Sam Walton was born on March 29, 1916, in Oklahoma, a rural state. His family lived on a farm until he was five. During that time, and through the Great Depression, Walton worked at odd jobs to help make ends meet. He learned the necessity of hard work and the importance of saving.

the Great Depression:世界恐慌
odd job:臨時の仕事
make ends meet:生活の収支を合わせる
saving:倹約


In 1945, Walton started his career in retail sales. He bought one of the franchise 10 stores of a company called Ben Franklin, which sold household items. It became very successful, and Walton opened several more franchise stores for Ben Franklin, though he was allowed to use the name Walton 5&10. Eventually, in 1962, he felt it was time to start his own chain of stores. Wal-Mart was born.

household item:家庭用品
evntually:最終的に


Walton’s business philosophy was an important part of his rapid success. He made sure that the shelves were always well-stocked and clean, while emphasizing high volume sales, rock-bottom prices, and excellent customer service. Walton also made a number of innovations, like moving the checkout counters to the front of the stores and sharing profits with his employees. Later he added an advanced inventory system, to keep the shelves full and the customers happy.

well-stocked:在庫が十分ある
rock-bottom:最低の
advanced:進歩した
inventory:在庫(品)


As these methods were perfected, Wal-Mart expanded. The company grew from 24 stores in 1967 to 276 by 1979. Walton also bought out many competitors, while forcing others out of business by selling goods so cheaply that nobody could match the price.

perfect:改良する
buy out:(会社を)買い取る
while:~する一方で
so X that Y:とてもXなのでYである


Yet Walton was more than a shrewd businessman. He started college scholarship programs for local students. He also established Wal-Mart’s long involvement in local charity events.

shrewd:抜け目のない
scholarship:奨学金
involvement:関わり合い


After Sam Walton died on April 16, 1992, the empire he founded continued to grow by leaps and bounds. Indeed, Wal-Mart is now the world’s largest retailer and largest private employer, with more than two million employees. But it all started as a dream 10 on an Oklahoma farm — a dream that became reality through hard work, vision, and a total lack of mercy for the competition.

by leaps and bounds:とんとん拍子に
(ref.) without a hitch:滞りなく、問題なく
empire:(巨大な企業の)王国
private employer:民間雇用主
total lack:完全な欠如
mercy:慈悲