MANAGEMENT

Exercise 1. Expand on the statements:

1. Business is a combination of war and sports. (Maurois).

2. Rivalry is the life of trade and the death of the trader (Elbert Hubbard).

3. When two men in business always agree, one of them is unnecessary. (Anonymous).

Exercise 2. Read the following international words and guess their meaning:

management president

definition vice-president

business department

company specialist

planning technical

organizing analyze

coordinating mission

functions system

marketing leader

characterize effective

Exercise 3. Choose from the text the words with the following suffixes and place them in the alphabetical order. Check your answer at the end of the chapter:

Exercise 4. Read the following words and word combinations. Make up the sentences with them:

Exercise 5. Read the title of the text and predict the main ideas of the text.

Exercise 6. Read the text and find out:

1. What is management?

2. What are the tasks which are generic to all management jobs?

3. What are the basic types of management?

4. What is organization?

5. What are the levels of management in the organization?

6. What are the changes taking place in the transition from the role of specialist to the role of manager?

7. What is a successful team?

What is management?

Management has as many definitions as there are managers. Many people consider it to be an art of how to motivate people to give off their best. Others think that management is a science. In practice business management is the art and science of getting things done through other people.

There are 5 kinds of tasks which are generic to all management jobs. They are planning, organizing, coordinating, directing and controlling. Any managerial system at any managerial level is characterized in terms of these general functions.

There are different types of management, the most important of them are production management, financial management, human resources management, marketing management.

But management also includes the personnel who have the right to make decisions that influence company's affairs. Organization is the means by which management organizes achieving company's goals.

There are three management levels in the organization: top management middle management and operating management or first level management. Top management includes the president, vice-presidents and general manager. Middle management includes department managers, plant managers, and production superintendents. Operating management includes supervisors, foremen, etc.

Moving into managerial role involves making changes from the way you perform as a specialist. It is the transition from “doing the job” to “an uncertain supervisory role”; from “using technical skills” to “placing emphasis on people”; from “doing delegated tasks” to “having to delegate them to other people”; from “controlling the output” to “being judged on the output and quality”.

Any manager can be successful only if he has his own team. Successful teams have several things in common. Here are 8 characteristics, which will help you to analyze the “health” of the team. They are as follows:

1. A mission.

2. Common objectives.

3. Interdependence of members.

4. An effective relationship to the environment.

5. A decision-making system.

6. Well motivated members.

7. An effective leader.

8. Well-organized, effective meetings.

If you want to be a successful manager, try to use all the above mentioned ideas in practical work.

Exercise 7. Read the text once again and find key words in every passage.

Exercise 8. Read every passage once again and express its contents in one sentence.

Exercise 9. Read the text and answer the question:

What helped Steve Brown to survive in the business world?

Steve Brown is the managing director of a metal fabricating company. It was started by his grandfather as a blacksmith’s business. Today it is a factory producing accessories for large trailers and trucks. It was set up as a family business by Steve’s father 30 years ago. It now employs 130 employees in three divisions: design and sales, production and administration.

Steve is continually required to make decisions on different matters, such as which product lines are worth manufacturing, which new lines are worth developing, which product should be dropped. His accountant produces regular costings of the materials used, the labor required and all the other expences for each product being made. The sales and design section produces weekly sales analysis reports and projects on a monthly basis, expected sales.

From this information Steve is able to get an idea of how the business is performing. The accountant also prepares a number of reports which are used for future planning.

These documents are keys to good management.

Exercise 10. Look through the organizational chart and make a presentation of the company. Use in your presentation the expressions:

e.g. The Managing Director runs the company and is accountable to the Board of Directors.

The Finance Manager reports to the Managing Director.

The Accounts Manager is under the Finance Manager.

Keys

Exercise 2. Financial, general, managerial, technical; practical;

definition, function, organization, production, transition;

motivate.

Date: 2015-01-02; view: 1136