Read the text again and find the figures that correspond to the following pieces of information.

1. The approximate number of designers working for Philips

2. The number of people working for Philips worldwide

3. The number of countries with sales and service outlets

4. The number of countries where Philips has research facilities

5. The approximate number of scientists working in Philips' research laboratories

6. The number of integrated circuits produced every day

Match the words from the text with their corresponding definitions.

1an innovation 2apatent 3diversification 4a range 5headquarters 6a location 7a strategy 8a policy

a)a planned series of actions b)main offices c)a place or address d)the introduction of a new idea e)a selection or series f)making different types of products g)an agreed course of action h)the right to make or sell an invention.

In pairs, replace the words in italics with the synonyms used in the text.

1. Gerard Philips set up (e ) a company in Eindhoven.

2. The company initially specialised in (c ) making carbon-filament lamps.

3. Developments in new lighting technologies fuelled a steady plan for growth
(p____________ of e ).

4. In 1983 it introduced ( l______________ ) the compact disc onto the market.

5. Each day its factories produce (t________ o _ _) a total of 50 million integrated circuits.

6. Royal Philips Electronics is run (m___________ ) by the Board of Management.

7. The Supervisory Board carefully watches (m_________ ) the general course of business.

8. Policies are put into practice (i________________ )by the Group Management Committee.

9. The Group Management Committee consists of members of the Board of

Management and chairmen of most of the product sectors (d__________ ).

10. The Group Management Committee serves to ensure that important matters and ways of doing business (p ) are shared across the company.

Complete the passage using the words from Ex. 4 and 5 in the correct form

The key to Philips success can be described by two words. The first is ____; the company designers are continually developing and creating new products. The second is ____; Philips is active in about 100 businesses varying from consumer electronics to domestic appliances and from security systems to semiconductors. With such a wide ____ of products the company needs a complex system of management. Each product ____ has its own chairman; most of these chairmen are members of the Group Management Committee, which ____ all company decisions and plans. The Supervisory Board ____ the general business of the group and it also advises and supervises the Board of Management.

WRITING