Материал: ИздательствоПетербургский государственный университет путей сообщения Императора Александра IISBNГод2016Страниц30. Management. Методические указания для студентов I курса факультета «Экономика и менеджмент» (на английском языке)

Exercise 1 Complete the following sentences with suitable words from the box

below:

1. People who own shares in a company are called ... . 2. If you start working for yourself, you are called a…… 3. Any two or more people can get together to form a ... . 4. When the money one could possibly lose in a business cannot go beyond a certain limit one speaks of ... . 5. The price of shares on the ... is reported in most daily newspapers. 6. In a ... there is no restriction on the number of its members. 7. Public companies sell their ... to anyone prepared to pay the going price.

Exercise 2 Translate the following sentences into Russian paying attention to

the underlined words.

1. New opportunities are being presented in the non-profit as well as profit-seeking organisations. 2. Of the 600,000 new businesses born each year, only half live as long as eighteen months and only one in five lives as long as ten years. 3. As soon as the manager left the office there was a phone call for him. 4. As many as 50 employees may form a partnership. 5. As far as I know nobody wants to buy shares of this PLC. 6. Government should interfere as little as possible in economic affairs.

Exercise 3 Translate the following sentences into Russian paying attention to

the ing-forms.

1. When designing the structures of new organisations or redesigning existing structures, managers must choose from among alternatives. 2. All of us spend a good part of our lives managing or being managed within an organisation. 3. Graduates of business schools no longer restrict their job seeking to industrial and service organisations. 4. Having left the company, he became the founder of a new

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firm. 5. The first problem facing a manager is defining who will accomplish each particular task. 5. The talented chef can make more money by running a bistro than by working for another owner. 6. There are more than 18 million different businesses in America, most of them being owned by a single person. 7. In some firms there are no offices, only shoulder-high partitions separating office work space. 8. Often a business requires lawyers or doctors specialising in different areas. 9. In a market economy, production is organised in firms, sole traders being the most common type. 10. Small businesses suffer from the fundamental disadvantage of being unable to accumulate large amounts of capital. 11. Small businesses can quickly adapt themselves to changing demands. 12. People fail because they jump into a business without knowing the market. 13. Becoming one’s own boss is a powerful motive to start one’s own business. 14. Having considered the advantages and disadvantages of each variant, the manager came to a final decision.

Exercise 4 Translate the following sentences into Russian paying attention to

Participle II.

1. Dividends paid for each share were not high. 2. Plans set earlier were changed according to the new situation on the Stock Exchange. 3. The business owned by the family was not successful. 4. If properly managed, the firm will be able to pay high dividends. 5. When asked about paying his debts he could not say anything definite. 6. Run by the government, the hospital needed additional funding. 7. Today, in a private-enterprise economy, most funds for production come from company profits or from money borrowed in financial markets.

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UNIT 5 AREAS OF MANAGEMENT

Read the text and answer the questions/complete the tasks (1-6)below.

There are several functional areas of management in an organisation. Production (Operations) management (P/ OM) is the process of creating

products and/or services. It deals with the conversion of input resources (raw materials, energy, people, equipment, buildings, etc.) into product output (goods or services that consumers purchase). The term ‘production’ is used more often when one speaks of the process of goods production at a plant. The term ‘operations management’ is broader. It means any production activity - either goods-producing or service-producing. Primary concerns of P/OM are the questions of labour productivity, supplies and quality.

Marketing management deals with pricing, product promotion and distribution, market research and the study of consumer psychology. Marketing function is very important for many organisations.

Financial management deals with organisation’s financial resources. Its task is to use them effectively as well as to attract credits and work with securities: shares, bills and bonds. It also distributes company’s profits.

Human resource management (HRM) is one of the most important aspects of management. Without the right people no organisation can attain its objectives and survive. HRM deals with recruitment, hiring, promotion, rewarding of the employees as well as their training, retraining, laying off and retiring.

Research and development (R&D) management deals with new product development, product design and other applied research projects.

All functional areas of an organisation are interdependent and interconnected.

1. What does Production (Operations) Management deal with? 2. Which questions are a priority in P/O? 3. What is Marketing Management concerned with? 4. What is the task of Financial Management? 5. What does HRM deal with? 6. What is the purpose of R&D Management?

Exercise 1 Complete the following sentences using suitable words in the box

below.

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1. In some businesses such as banking ... are found in especially large numbers.

2. ... is the process of accomplishing organisational objectives by acquiring, retraining, terminating, developing and properly using employees. 3. Producing enough goods and services to meet demand is the primary task of ... . 4. Material, human, financial and information ... are transformed into products and services. 5. When a company is small, the owner performs the functions of hiring, training, and compensating himself. As it grows in size and complexity, he hires a ... to perform these functions. 6. When organisations are faced with an economic downturn (спад), a common practice has been ... employees to cut costs. 7. ... is the process of attracting potential employees to apply for open positions.

Exercise 2 Translate the following sentences into Russian paying attention to

Modal Verbs and their Equivalents.

1. Managers must coordinate the activities of the entire organisation. 2. Employees should be rewarded for the successful attainment of objectives. 3. If we are to succeed in the organisational society we must understand the nature of collective behaviour. 4. In order to be an effective manager you will have to be an effective leader. 5. The need for personal growth cannot be satisfied in an organisation that does not have an active employee development program. 6. The small business manager just may not have the managerial and financial resources to deal with difficult situations when they arise. 7. Managers must be able to achieve their objectives. 8. At the beginning of the 20-th century automobiles were a luxury that only rich people could afford. 9. Western Electric Company, manufacturer of communications equipment, hired a team of Harvard researchers who were to investigate the influence of physical working conditions on workers’ productivity and efficiency in one of the company’s factories outside Chicago. 10. The company had to lay off many employees, both blue collars and white collars.

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Exercise 3 Translate the following sentences into Russian paying attention to

the underlined words.

1. The term «operations management» means the production activity in any organisation either goods-producing or service-producing. 2. The company has cut both direct and indirect manufacturing expenses. 3. Aesthetic pleasure in an art gallery is just as meaningful from a managerial viewpoint as an automobile or a tube of toothpaste. 4. There are probably as many definitions of management as there are books on the subject. 5. Staff managers can have both advisory and service duties. 6. Neither blue collars nor white collars were able to avoid the laying off procedure.

Exercise 4 Make up sentences using the words from each column and the

example.

Example: Production Management deals with creating products or services.

1.Characterize every area of management and its main tasks.

2.How does a change in one functional area affect others? For example, if production lowers quality what will be the effects of this in financial, marketing and HRM areas of an organisation?

3.Why is the HRM considered to be a strategic requirement?

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