Read and translate the text

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 of President. The Board is responsible for policy decisions and strategy. It will usually appoint a Managing Director or Chief Executive Officer, who has 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.

a) Marketing

b) Public Relations

c) Information Technology or IT

d) Personnel or Human Resources

e) Finance

f) Production

g) Research and Development or R and D

7. Translate into English the following words and word combinations:

1) акционеры_____________________________________________

2) управление______________________________________________

3) рабочая сила_____________________________________________

4) иерархия________________________________________________

5) Совет директоров_________________________________________

6) возглавлять______________________________________________

7) быть возглавленным_______________________________________

8) отвечать за что-либо_______________________________________

9) политические решения______________________________________

10) стратегия________________________________________________

11) назначать_______________________________________________

12) нести полную ответственность ______________________________

13) ведение бизнеса__________________________________________

14) различные отделы________________________________________

8. Study Philips company’s structure.

Philips is a major multinational company which has almost 30.000 trademarks registered worldwide.

(In charge of company strategy and general policy)

(Responsible for the general course of business.

Makes sure the policy is implemented and advises the board of management.)