Unit 4. Company Structure

1. Remember the following words:

- relationship

- shareholder

- workforce

- hierarchy

- Board of Directors

- department

- public relations

2. Read and translate the text:

In business organization structure means the relationship between positions and people who hold the positions. Organization structure is very important because it provides an efficient work system as well as a system of communication.

Most companies are made up of three groups of people: the shareholders (who provide the capital), the management and the workforce.

At the top of the company hierarchy is the Board of Directors, headed by the Chairperson or President. The Board is responsible for policy decisions and strategy. It will usually appoint a Managing Director or Chief Executive Officer, who has to overall responsibility for the running of the business. Senior managers or company officers head the various departments or functions within the company, which may include the following:

Marketing

Sales

Public Relations

Information Technology or IT

Personnel or Human Resources

Finance

Production

Research and Development or R&D

Historically, line structure is the oldest type of organization structure. When a business grow in size and becomes more complex, there is a need for specialists. In such a case administrators may organize staff departments and add stuff specialists to do special work. The activities of the stuff departments include an accounting, personnel, credit and advertising. Generally, they do not give orders to other departments.

3. Answer the following questions:

1. What does structure mean in business organization?

2. Why is organization structure very important?

3. Name the groups of people the company is made up of.

4. Who is on the top of the company hierarchy?

5. What is the Board responsible for?

6. Who usually appoints a Managing Director?

7. Name the departments of a company.

8. What do the activities of stuff department include?

4. Get the meanings of the names of the different positions in a company:

Director is a person who manages the affairs of a business company.

Board is a group of people controlling a company or some other organization.

Chairman is a permanent president of a committee, board of directors of a company.

President is the head of a business firm or a bank.

Accountant is a person whose profession is to keep or inspect financial accounts.

Manager is a person controlling a business.

Secretary is an employee in an office, usually working for another person, dealing with letters, typing and making appointments and arrangements.

Auditor is a person who audits accounts.

5. Have a look at the organization chart of the company. Speak about the organizational structure of this enterprise answering the following questions:

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