Answer Key Company Organisation a Structure PDF

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Answer Key – Company Organisation & Structure

Company Organisation & Structure Look at the company profiles and collect information under the following headings.  

type of organisation business sector

• products / services • location

• size • points of interest

1. Marks & Spencer Marks & Spencer plc is one of the UK's leading food and non-food retailers. It currently operates more than 1,487 stores worldwide and employs 79,000 people. The main business is in Great Britain and Ireland, where there is also an online shopping and delivery service. While the company has reduced its overseas operations in Mainland Europe it has premises in 57 countries worldwide including 43 in Russia and 67 in India.

2. Ormsby, Rhodes & Partners This company is one of the longest established accounting forms in Ireland. It was established in 1911 & is based in Dublin. It currently consists of eight partners with approx. 50 staff and several freelancers it is consistently ranked in the top 20 firms in Ireland. Its focus is international companies setting up in Ireland & Irish companies expanding abroad.

3. Whirlpool Corp. From humble origins in Michigan, USA where in 1911 the Upton brothers first manufactured electric washing machines. Whirlpool Corp. has grown into the world's biggest producer of household appliances such as refrigerators, freezers, dishwashers and tumble dryers. As part of the company's commitment to the environment, all Whirlpool products incorporate innovative technology that uses 10-50% less energy and water than standard models.

4. Dartington Crystal Ltd. Dartington Crystal Ltd. was founded in 1967 and has become one of the world's bestknown brands of traditional English crystal glassware. Wine glasses, champagne flutes and whisky tumblers are hand-made by skilled artisans in their Devon factory, and the company has won many awards for design. Their luxury glass products can be specially engraved for customers and are popular as gifts for weddings and anniversaries.

1. Dunkin’® It’s the American Dream that went global! Dunkin’® has always been a franchising company and since 1950 it has grown from a single coffee-shop in Boston to nearly 11,300 locations in over 36 countries. Even now, they are continuing to look for more franchise candidates to make fresh donuts on site, with the slogan: “Turning donuts into dollars!”

2. Bubblebum Mother of two, Grainne Kelly invented Bubblebum to meet a personal need; frequent travel left her transporting bulky fixed booster seats back and forth on the plane because the car rental companies were not providing booster seats for her children. Grainne took her idea from concept to shelf in just 9 months and launched

her product into the market in December 2009 in N.Ireland. Bubblebum now exports to 27 countries globally via mail order and is stocked by major retailers such as Walmart, Amazon, Halfords, John Lewis and Target.

type of organisation

products / services

size

Business sector

location

Points of interest

Marks & Spencer

plc

food and nonfood retailers

more than 1,487 stores worldwide and employs 79,000 people

Retail and online shopping and delivery service

Worldwide: Great Britain and Ireland, mainland Europe, India, Russia

Leading retailer in UK reduced overseas operation

Ormsby, Rhodes & Partners

partnership

accounting

eight partners with approx. 50 staff and several freelancers

Finance and accounting

Dublin, Ireland

established in 1911

world's biggest producer of household appliances

Producer/

Whirlpool Corp

corporation

refrigerators, freezers, dishwashers and tumble dryers

Dartington Crystal Ltd.

Private company

Wine glasses, champagne flutes and whisky tumblers

Dunkin’®

Franchise

donuts

Children’s booster car

Bubblebu m

focus is international companies and Irish companies setting up abroad

manufactur er of household appliances

Michigan, USA

Established 1911 technology uses 10-50% less energy and water than standard models.

traditional English crystal glassware

Devon, England

hand-made by skilled artisans the company has won many awards for design

11,300 locations in over 36 countries

food

The U.S.

they are continuing to look for more franchise candidates

exports to 27

Manufacturing

Northern

idea went from concept to shelf

seats

countries globally

and retail

Ireland

in just 9 months

Vocabulary: Find expressions in the text that refer to the definitions below. 1. People who earn money by selling their work or services to several different organisations, rather than being employed by one organisation. Freelancers 2. Someone who starts up their own business Founder (founded) 3. Business arrangement in which someone buys a right to form a company to sell their goods or service in a particular area Franchise 4. Business that sells its goods directly to the public rather than for resale Retailer 5. Type of product or group of products sold using a particular name Brand 6. System of buying and selling things through the post Mail order 7. To introduce something new, e. g. a product, a service, business, onto the market to launch (launched) 8. A building together with its land that is occupied by a business premises

Company law Here is a simplified list of the different types of legal structures for business: Add the appropriate names into each section. A) _____Sole Trader__________ This is a one-person business. The person may describe themselves as ´self-employed` (e.g. the owner of a small shop), or as a ´freelancer` if they are a professional who works for different clients (e.g. a photographer). They have unlimited liability for their debts.

B) _____A partnership____________ is a business arrangement in which several people work together and share the risks and profits. In Britain and the US, this form does not have limited liability for debts, so the partners are fully liable or responsible for any debts the business has. Furthermore, they are not legal entities, so in case of a legal action, it is the individual partners and not the partnership that is taken to court. In most continental European countries, there are various kinds of partnership which are legal entities.

C) ______________Private Company____: The shares of the company are privately owned, usually by a small number of people. These shareholders typically include the founder of the company, possibly some close family members, and perhaps a few business associates who provide money for the company. They usually have `Limited' or `Ltd' at the end of their name. They are not allowed to sell their stocks or shares on an open market. There are over one million private companies in Britain

D) _Public Limited Companies_______________: these are large companies that are listed on stock exchanges e.g. Germany’s DAX, or the UK’s FTSE. They are called public because anyone can buy their shares. These companies have `plc' at the end of their name, and their shares are publicly traded on the stock market. A stock exchange is a market where anyone can buy stocks and shares. The US equivalent of a plc is a company or corporation registered with the Securities and Exchange Commission (SEC). SEC-registered companies, also known as listed companies They have to make quarterly reports (i.e. every three months). Companies on the London Stock Exchange, known as quoted companies, have to produce a half-yearly interim report which informs shareholders about the company's progress. These reports are not audited. All companies with shareholders or stockholders have to send them an Annual Report each financial year. This contains a review of the year's activity and an examination and explanation of the company's financial position and results. There are also financial statements and notes and the auditors' report on the financial statements. NOTE: do not confuse a state-owned enterprise with a public company.

E) _______________Franchise_____: this is a type of license that a party acquires to allow them to have access to a business's proprietary knowledge, processes, and trademarks in order to allow the party to sell a product or provide a service under the business's name. In exchange for gaining this license, an initial start-up and annual licensing fees are paid.

Make word combinations using a word from each box. Then match the word combinations to the definitions below.

corporate audit limited non- executive share

committee directors governance capital liability

1) ______Audit Committee____: a group of directors to whom the external auditors present their report 2)__Non-executive Directors___: members of a board of directors who are not full-time managers of the company

3)__Share__capital___: owners´ money invested in a company

4)__Limited liability___: responsibility for debts up to the value of the company ´s share capital. 5)__Corporate Governance___: The rules and practices by which a board of directors ensures accountability in a company's relationship with all its stakeholders.

Language focus | Organisational structure Match the expressions on the left with the definitions on the right. Subordinate the practice of removing managers from an organisation to make it more flexible delegation

someone who is accountable to someone more senior in the organisation

span of control

those who have set objectives and have specific authority and are part of an organisational structure

delayering

the number of subordinates a manager has authority over

line managers

how instructions are passed down the organisation and feedback is passed up

chain of command

the power to give a certain amount of authority or responsibility to someone else, in the organisation

Jobs and Responsibilities 1. Match the parts to create logical statements about jobs and responsibilities.

I work in the Purchasing

we invent new products

the buildings and machinery.

I'm in charge of organising

to identify what kind of

running the company.

In Market Research we try

I'm in charge of

components from suppliers.

As a maintenance officer

organise distribution

with all kinds of people

problems. Here in Logistics we

courses for employees

products and brands.

In the Marketing Dept.

Resources Dept, dealing

everything to do with computers.

I'm the CEO, which

Department where we order

and transportation.

In Research & Development

my job is to look after

products customers want.

I’m an IT specialist, so

we promote the company's

in the Training Department.

I work in the Human

means I'm responsible for

and improve current ones....