With your partner, match the following descriptions to the correct sections

a) this section is responsible for the goods that the company produces, once they have been

produced. It has to make sure the company doesn't have too much (because then money is being

wasted) or too little (because then the company can't fulfill orders and will lose sales)

b) this section is responsible for trying to find and create new products that the company can sell,

and for improving or modifying old ones.

c) this section is responsible for making sure that the equipment in the factory is working properly.

d) this section is responsible for looking after the goods the company produces. It has to make sure

that all the goods are properly arranged so that they don't get damaged and are easy to find.

e) this section is responsible for making sure that high standards in production are maintained.

f) this section is responsible for buying all the raw materials that a company would need for its

production (i.e. the things that the company needs in order to be able to make its own products

e.g. metal, coal, etc.).

g) this section is responsible for finding out what the consumers think (e.g. about the company's

products).

h) this section is responsible for hiring new staff,

i) this section sets out the strategy for the company.

j) this section is responsible for making sure the company's products get to the right place at the

right time.

k) this section has to think of ways to make people buy more of the company's products e.g. "Buy 2,

get 1 free".

l) this section makes sure that everyone gets paid the right amount at the right time.

m) this section is responsible for making sure that the company's debtors pay the company when

they are supposed to

n) this section is responsible for making sure there is enough stationary, that the telephones are

working properly etc.

Ex. 7. Who would I ask to in order to resolve the following problems:

· I work in production. There’s been a sudden increase in orders. We don’t have the necessary steel to meet this order.

· I work in Office services. There’s been mistake in my pay-cheque.

· I work in Sales. The photocopier in the department is starting to cause lot of problems.

· I work in the Mail Room & I am bored with my job. I can type quite well & I’d like to change my job within the company.

· I don’t work in this company. I’m a very experienced industrial scientist & I would like to work in this company.

· I work in Accounts. We’ve run out of computer printing paper.

· I work in Sales. Recently, I’ve had a lot of complains from retailers about the quality of our new product.

Ex. 8. What company structure is better for:

1. a big automobile plant

2. private grocery shop

3. a small branch of a tourist firm

4. airline company

5. research department of a big company

DISCUSSION

1. Why are there so many organizations in today’s society?

2. Do all organizations need structure? Give your reasons.

Text 2

DESCRIBING COMPANY STRUCTURE

VOCABULARY

officer -служащий из числа руководящего состава

articles of incorporation – устав корпорации

Chief Executive Officer (CEO) – главный управляющий директор

to implement – исполнять, приводить в исполнение

Chief Operations Officer (COO) – исполнительный директор

providing feedback – обеспечивая обратную связь

Chief Finance Officer (CFO) – финансовый директор

reviewing - проверка

financial performance– финансовое состояние

monitoring – контроль

to keep records–вести учет документов

regulatory bodies– управляющие органы

minutes – протокол (собрания, заседания)

ownership interest – доля участия в капитале компании

stock certificate – свидетельство на долю участия в акционерном капитале

stock plan– программа продажи акций

A typical corporation's structure consists of three main groups: directors, officers, and shareholders. The roles and responsibilities of these groups are described in more detail below.

Board of Directors

All the directors together are the board.

One of the first steps a new corporation will take is to name the members of its board of directors. Usually, directors are identified in the "articles of incorporation". They are elected by shareholders at annual meetings.

The board of directors "directs" the corporation's affairs. The number of directors usually depends on the size of the business. A small corporation might have one director, while a large corporation may have 10 or more people. For voting purposes, a corporation with more than one director should keep an odd number (3, 5, 7, etc.) of directors on its board.

Corporate Officers

Officers are usually appointed by the corporation's board of directors and include:

Chief Executive Officer (CEO) – As the top manager, the CEO is typically responsible for the entire operations of the corporation and reports directly to the chairman and board of directors. It is the CEO's responsibility to implement board decisions and initiatives and to maintain the smooth operation of the firm, with the assistance of senior management.

Chief Operations Officer (COO) – Responsible for the corporation's operations, the COO looks after issues related to marketing, sales, production and personnel. The COO looks after day-to-day activities while providing feedback to the CEO. The COO is often referred to as a senior vice president.

Chief Finance Officer (CFO) – Also reporting directly to the CEO, the CFO is responsible for analyzing and reviewingfinancial data, reporting financial performance, preparing budgets and monitoring expenditures and costs. The CFO presents this information to the board of directors at regular intervals and provide this information to shareholders and regulatory bodies.

Secretary. The corporation's Secretary is in charge of maintaining and keepingcorporation's records, documents and "minutes" from shareholder meetings.

Shareholder

A corporation's shareholders have an ownership interest in the company, by having money invested in the corporation.

Whatever the number of shareholders in a corporation, each shareholder usually receives a stock certificate from the corporation, identifying the number of shares held by the investor.

Corporations usually hold annual shareholder meetings, at which the shareholders elect the corporation's directors. Special shareholder meetings may also be held in rare situations, when significant corporate actions require shareholder approval – including major transactions and changes in the corporation's stock plans.

This is an example of a company organization chart:

Board of Directors

with a Chairman (GB)

or President (US)

Managing Director (GB)

Chief Executive Officer (US)

Production	Marketing	Finance	Research & Development	Personnel
	1.Market Research	1.Financial Management
	2.Sales	2.Accounting
	3.Advertising and promotion

WORD STUDY