II. Do you know the meaning of the following derivatives? Show it with the help of your own sentences.

to manage; manageable; management; manager; manageress; mana­gerial

Translate the following sentences. Pay attention to the words in italics.

1. They reserved the right to make managerial decision.

2. What you need is advice from your bank manager.

3. I wish you could manage the time to come and to talk to us.

4. Private banks are being nationalized, and are to be managed withwork­ers' participation.

5. They are part of my management team.

6. The baby can be greatly influenced by the parents' management.

7. She has been working as the manageress of a bookshop.

8. It is perfectly manageable task to tackle systematically.

III. Write down a synonym for each of the words on the left. Choose the one on the right. In what do they differ?

IV. Can you think of the synonyms to the following words? Consult a dictionary, if necessary. In what do these synonyms differ? Compose sentences of your own using them.

engage, include, manage, manager, objective, accountant, hire.

V. What prepositions should he used below? Make up your own sentences.

1. respect... other beliefs

2. it is important … everyone

3. to carry … decisions

4. all types … organizations

5. hard work … a variety of activities

6. a person responsible ...

7. engaged ...

8. is available ...

VI. Study the following words and word-combinations. What are their Russian equivalents? Memorize the following words and word-combinations. Compose sentences of your own using them.

To get work done;involved in management; achievements of any society; to get involved in joint effort; human, informational, physical, and financial resources of an organization; knowledge of economics and business; to be trained to be accountants; to manage accounting departments; to perform several roles ; staffing; process of determining the objectives of an organization; hiring; promotion; dismissing; to assign the task; to carrying out decisions within the system; to reach objectives; profit-making organizations; social work agencies, the process of guiding, leading, and motivating people.

Statement –утверждение

take place –случаться

involve in– вовлекать

demand– требовать

government agency – государственное учреждение

perform –выполнять

staffing–работа с кадрами

determine– определять

achieve– достигать

hiring– прием на работу или увольнение

dismissing– увольнение

objective– цель

supervise– наблюдать, контролировать

profit– прибыль

apply– применять, употреблять

preference– предпочтение

frequently– часто

refer to– относиться к

MANAGEMENT

There is a statement: “Management is getting work done through people.” Most of achievements of any society take place because groups of people get involved in joint effort. Almost everyone is, have been, or someday will be a manager, that is a person who coordinates human, informational, physical, and financial resources of an organization.

Management demands much knowledge of economics and business.

The study of management is important for everyone because many persons presently being trained to be accountants, teachers, or lawyers will one day manage accounting departments, schools and government agencies. A manager usually performs several roles in their daily work. The main functions of managers are planning, organizing, staffing, directing, and controlling.

Planning is defined as the process of determining the objectives of an organization and deciding how to achieve them.

Organizing is known as the process of assigning to the appropriate position the tasks required to achieve the organization objectives.

Staffing (hiring, training, promotion, dismissing) is the process of matching the tasks assigned to certain positions with the right people.

Directing is the process of guiding, leading, and motivating people.

And, the last, controlling is called the process of measuring an organization’s performance against its plans.

Managers are those people who are responsible for making and carrying out decisions within the system, they directly supervise people in an organization. A manager sets objectives and decides what has to be done to reach these objectives. He makes the objectives effective by communicating them to the people that are responsible for various jobs.

Some basic characteristics seem to apply to managers in all types of organizations; they include hard work on a variety of activities, preference for active tasks, direct personal relationships. Managing is a hard job, for there is a lot to be done and relatively little time to do it.

A number of different terms are used for “manager” including “director”, “administrator” and “president”. The term “manager” is used more frequently in profit-making organizations, while the others are used more widely in government and non-profit organizations such as universities, hospitals and social work agencies.

When used collectively the term “management” refers to those people who are responsible for making and carrying out decisions within the system.