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1. Answer the questions on the text.

1. What is Management according to Harold Koontz?

2. What is Management according to F.W. Taylor?

3. Why is management a purposive activity?

4. How can management effectively achieve the goals of the organization?

5. Why is it important for management to create an internal environment? What does it include?

6. What is meant by management being effective and efficient?

  1. Explain these words and word combinations in English; use them in the sentences of your own:

management, to co-operate, predetermined goals, profit maximization, to minimize cost, to put into use, to fit the square pegs in square holes.

3. Work with the following groups of words. Define their part of speech and translate. Point out prefixes and suffixes. Memorize the words and use them in the sentences of your own.

1. to manage, manager, management.

2. to launch, launching, launcher, launchpad.

3. to cooperate, cooperation, cooperative.

4. to effect, effective, ineffective, effectiveness.

5. to waste, wasteless, wastage.

4. Translate the following nouns and write their plural form. Use them in the sentences of your own.

Phenomenon, survey, process, salary, enterprise, organization, task, purpose.

5. Translate these sentences. Put them in the Singular, making necessary changes. Compile special questions to the underlined words.

1. All organizations are involved in management.

2. These goals may vary from one enterprise to another.

3. Such conditions are conducive to maximum efforts of the people.

4. People are able to perform their task efficiently and effectively.

5. Group goals are attained through co-operation.

6. Translate these sentences into English.

1. Менеджмент — это самостоятельный вид профессиональной деятельности.

2. Менеджмент направлен на достижение определенных намеченных целей путем эффективного использования материальных и трудовых ресурсов.

3. Менеджмент включает изучение рынка, производство продукции с минимальными затратами и реализация ее с максимальной прибылью, управление персоналом, а также анализ информации и разработку программ для достижения поставленной цели.

4. Основная функция менеджмента – это умение достигать поставленных целей.

5. Менеджмент – это наука, позволяющая находить наилучшее решение в каждой конкретной ситуации.

6. Менеджмент – это информационный, целенаправленный процесс воздействия на коллектив людей.

7. Практически все известные зарубежные энциклопедии трактуют понятие «менеджмент» как процесс достижения целей предприятия посредством привлечения других людей.

7. Sum up the text and discuss with your partner the necessity of talent management and the difficulty to find it. Talent Management

Talent management is an essential strategic HR practice aimed at improving business performance. People who perform at higher levels generate greater profits for businesses, much needed in highly competitive environments where it is increasingly challenging to gain a competitive edge.

In our knowledge driven age, all businesses need to make talent management a strategic priority in order to ensure that it has the right talent producing to its potential at the right time.

Skilled workers are in shorter supply in many industries, older workers are retiring, employees are not feeling engaged, turnover is very expensive, managing a global workforce is challenging as well as expensive and educated workers expect more from their careers. They are harder to satisfy.

Effective talent management requires an integrated series of HR systems and components including recruitment, performance management, career management, people development, succession planning, effective deployment and employee engagement.

Talent management can be led and supported by the HR function but it must be owned by all senior executives and regarded as one of their strategic priorities. This means that they need to be personally better at managing and engaging people. The real problem is that they would rather focus on the more exciting kinds of work such as winning major new business, acquiring other companies or making great deals. They want HR to provide them with fully competent, motivated people so they won't have to spend too much time cultivating talent themselves. This mindset must change in order for talent management to be more than a slogan.

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