Talking about corporate structure

A: You work for one of the major European chemical multinationals. Could you tell us a little about how your company is organized?

B: Yes, well two years ago we moved over to an American style structure with what we call the Board of Management headed by the Company President, then what we call the Corporate Staff division, which consists of ten divisions headed by ten Vice Presidents reporting directly to the Board of Management.

A: And what do each of these actually do?

B: As I said, there are ten Vice Presidents, each in charge of a division. These include Corporate Planning, Law. Patents and Insurance. I look after the patent section.

A: That's one division, Law, Patents and Insurance?

B: Yes, Law, Patents and Insurance, then Public Relations and a few others.

A:Such as?

B: Such as Finance, R and D...

A: Research and Development?

UNIT 8. ORGANISATION STRUCTURES

17 — 4-789

В: Yes, they're responsible for new product development and then there's Logistics, Environmental Protection...

A: Environmental Protection? I'm surprised.

B: Yes, our company is a leader in the field.

A: Really?

B: Yes. We can trace our first actions back to 1901, and our clean air committee first met in 1913. We're proud of that.

A: So you place a great deal of importance on environmental protection?

B: And at the highest levels, yes.

A: And what other divisions are there? Human Resources?

B: Yes, and... is that ten?

A: No, I don't think so.

B: No, where were we? There are ten... er... Finance, R and D, Logistics, Environmental Protection, Human Resources, Law, Patents and Insurance and Corporate Planning, of course, then Sales and Marketing and Plant Administration.

A: And a Vice President takes care of each of these?

B: That's right.

A: And below that?

B: Well, below that there are various departments that deal with the day-to-day running of the organization, the sales function, invoicing, distribution and so on.

A: I see. Well, thank you.

A) Complete the organigram below with the names of the divisions from the above interview.

B) Explain the corporate structure of a company you know well, draw an organigram and
describe its work relationships. Use words and expressions from the note below.
Note: The most common verbs for describing company structure are:
consist of is made up of

is composed of includes

contains is divided/split into

Other verbs used to describe company organisation include:
to be in charge of- бути відповідальним to be responsible for- бути
за відповідальним за

to support or to be supported by - підтримувати, допомагати to be accountable to - бути підзвітним

to assist or to be assisted by - допомагати,

сприяти

C) Check yourself. Match the verbs in the box A to the prepositions in box B.

A	В
be headed	by
be responsible	after
be in charge	to
be accountable	into

PART II. FINANCE

be supported	of
be assisted	with
be composed	for
report
take care
look
deal
divided
consist
work

XII. Writing practice. Write a short summary of the text "Company Structure" Use the opening phrases from Appendix 1.

UNIT 8. ORGANISATION STRUCTURES

!7*

REVISION EXERCISES

I. Financial Policy

a) Supply the articles where necessary.

b) Write down 3-5 questions about the texts.

__ term is broad and its definition is likely to differ somewhat from country to

country. On the widest definition, it covers______ fiscal policy (budgetary policy, i. e. policy

on government revenues and expenditures), monetary policy, credit policy and management of government debt. The core of financial policy is fiscal policy. Some

economists believe that fiscal policy is synonymous with_____ state budgetary policy. There

exists, however, ____ wider definition that would cover the policy on the level and

composition of all central and local government revenues and expenditures.

Financial policy whose main goal is provision of financial resources for _________

implementation of____ state programmes of economic and social development is part of

__ complex of economic policies influencing______ level and pattern of economic activity

and income distribution.

II. Open the brackets putting the verbs in the correct form:

Transition economies recently (to make) impressive steps towards reducing fiscal imbalances. Cuts of cash expenditure (to bring) about a decline of fiscal deficits for the CEE countries as a whole to about 4 per cent of GDP in 1995 from 10 per cent in 1994 on average. This was mainly the result of large reductions in enterprise subsidies, military spending, and capital expenditures. Despite these spending cuts, however, outlays for social services (such as schools and hospitals) and social security (to remain) relatively stable, relative to GDE Over the same period, general government expenditures (to fall) on average to 30 per cent of GDP from 38 per cent. While the economies in transition (to make) solid progress over the past few years toward fiscal consolidation, macroeconomic stabilization (to require) additional reduction of inflation and successful implementation of:

• structural reforms, including reform of the tax system and the public expenditure system;

• improved revenue collection through elimination of loopholes (лазівка), tax evasion (ухилення від сплати податків) and exemptions, broadening of the tax base;

• greater political leadership (керівництво) of the reform process - especially by formulating long-term fiscal adjustment policies.

Дата добавления: 2014-12-23