Vocabulary:

managerial hierarchy - классификация служащих предприятия в

соответствии с их полномочиями и статусом

top managers - высшее руководство

responsibility - ответственность

to set a goal - определять (ставить) цель

a long-range plan - долгосрочный план

middle managers - среднее административное звено

to implement - выполнять, осуществлять

first-line managers - низшее административное звено

to oversee - наблюдать, осуществлять надзор

Comprehension questions:

What are the functions of top managers?
What positions do top managers occupy?
What are the functions of middle managers?
What positions do middle managers occupy?
What do first-line managers do?
What positions does the first-line management include?

Task 9: Match the terms with their definitions:

Management a) second in the hierarchy only to the
Manager chairman, if there is one;
Managing director the company’s chief executive.
Top management b) pyramid-like organizational
Middle management structure comprising top, middle,
First-line management and lower management.
Hierarchy c) 1. the activity or skill of directing

or controlling the work of an

organization.

2. the managers of an organization

considered together.

d) those at the bottom of the

management hierarchy whose

power and responsibility are

limited to a narrow segments

of the organization’s activity

e) a person controlling or

administrating a business or a part

of a business.

f) includes the chief executive of

an organization, his or her deputy

or deputies and the board of

directors.

g) consists of the managers to whom

top management delegates the

day-to-day running of the

organization

TEXT 4: THE COMPANY ORGANIZATION

Company is an association of persons officially formed for the purpose of some business. It is often headed by the board of directors. The board headed by the chairman usually consists of individuals elected by the shareholders to manage the business. The directors are active in the day-to-day operation as well as company policy and broad general direction. Look at the structure of a typical big company in the diagram:

Board of Directors