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There is a statement: "Management is getting work done through people." Most of achievements in any society take place because groups of people get involved in joint effort. Almost everyone is, was, or someday will be a manager, i.e. the person who coordinates human, information, physical, and financial resources of an organization. In order to perform their functions adequately, managers need interpersonal, organizational, and technical skills.
Management is a team of managers who are in charge of the organization at different levels. Regardless of the specific job, most managers perform five basic functions:
. Planning
.Organizing
.Staffing
.Directing
.Controlling.
Planning involves determining overall company objectives and deciding how these goals can best be achieved. Managers consider alternative plans before choosing a specific course of action at all managerial levels. Planning is listed the first management function because the others depend on it. However, even as managers move on to perform other functions, planning continues as goals and alternatives are further evaluated and revised.
Organizing, the second management function, is putting the plan into action. Organizing involves allocating resources, especially human resources, so that the objectives can be attained; creating new positions and determining responsibilities. Staffing, i.e. choosing the right person for the right job, is also a part of the organizing function.
Fourth is the day-to-day direction and supervision of employees. In directing, managers guide, teach, and motivate people so that they reach their potential abilities, and at the same time achieve the company goals set in the planning stage.
At last managets control! and evaluate how well overall company objectives are being met. If there are any problems and objectives are not being met, changes need to be made in the company's organizational, or managerial, structure. In making changes, managers might have to go back and replan, reorganize, and redirect. Effective managers achieve the goals of the company through a successful combination of planning, organizing, staffing, directing, and controlling.
Personal business management is a one-semester course for the high school students. Its purpose is to provide students with a variety of tools necessary to meet future needs — making career decisions, managing money, providing economic security, managing credit, and keeping up to date with technology. It is useful for all the students for better understanding and adaptating to the financial world they will enter. A student examines his or her societal and personal expectations, needs and wants, controls and restraints both for the present and future. The emphasis is made on decision-making skills, planning and analysis. The informed person is better able to draw maximum benefit and is well-adjusted to the social, economic, and technological changes.

Ответьте на вопросы
1.What is management?
2.What are managerial tasks/goals?
3.Why is planning the first managerial function?
4.What are the other managerial functions?
5.How do the managers achieve the goals of a company?
6.What kind of skills must a manager have?

III. Запомните эти слова и составьте с ними предложения.

Nouns	Существительные
management	Менеджмент
manager	Менеджер
team	коллектив, команда, группа
position	должность (позиция)
planning	Планирование

Nouns	Существительные
organization	организация (работы, процесса)
staffing	подбор и расстановка кадров
directing	инструктирование и надзор
supervision	инструктирование, надзор и контроль
control(ling)	Контроль
objective	Задача
goal	Цель
alternative	Альтернатива
course of action	курс действий
human resources	человеческие ресурсы
personal expectation	самооценка с точки зрения перспектив
restrain	Ограничение
Verbs	Глаголы
be in charge (of)/ be responsible (for)	нести ответственность
evaluate	Оценивать
set	Устанавливать
move on	продолжать на следующем этапе
attain	Достигать
allocate	выделять, распределять (ресурсы)
guide	наставлять, ориентировать
motivate	Мотивировать
revise	пересматривать с целью улучшить
Adjectives and Adverbs	Прилагательные и наречия
managerial	Управленческий
organizational	Организационный
interpersonal	Межличностный
overall	общий, в целом
regardless of	несмотря на
adequately	Адекватно
societal	Социальный

СРС 4

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Corporations

The purpose of a business corporation an institution is making profit. It is operated by individuals. Their shares are represented by stock certificates. A person who owns a stock certificate is called a stockholder.

There are several advantages of the corporate form of ownership. First is the ability to accumulate financial resources. The second advantage — the corporation can raise a large amount of capital and invest in plants, equipment and research. And the third, a corporation can offer higher salaries and thus attract talented managers and specialists.

The privately owned business corporations is one type of corporation. There are some other types too. Educational, religious, charity institutions can also incorporate. Usually such corporations do not issue stocks and are nonprofit. If there is a profit, it is reinvested in the institution rather than distributed among the private stockholders.

In some western countries federal government and special agencies can establish government corporations. A few examples of these are state universities, state hospitals and city owned utilities. Governmental corporations are non-profit as a rule and do not issue stock certificates.

Заполните пропуски

1. The owners of a business corporation are_____________

A. State

B. Individuals

С. Employees

D. Management

2. A person who owns a stock certificate is called______________

A. Stockkeeper

B. Stockowner

С. Stockholder

D. Stockproprietor

3. Each corporation_____________