III. Management and Business

Nowadays the success of the company depends on its management. Managing is the art of getting things done through and with people in formally organized groups. To function effectively, any organization, including a small business firms, requires leadership and decision making. Management is essentially a matter of organizing people. Management consists of all activities undertaken to secure the accomplishment of work through the efforts of other people. The most important management functions are planning, organizing, staffing, directing and controlling.

Managers, especially senior managers, have to set objectives for their organization, and then work out how to achieve them. Managers analyze the activities of the organisation and the relations among them. They divide the work into distinct activities and then into individual jobs. Managers select people to manage these activities and perform the job. And they often need to form effective teams to make the employees responsible for performing individual jobs.

leadership – руководство

to make decisions – принимать решения

to undertake – предпринимать, совершать

accomplishment - выполнение

staffing – работа с персоналом

to set objectives – ставить цели

distinct activities – отдельные виды деятельности

an employee – служащий, работающий по найму

an employer – работодатель

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IV. Management System

Most big companies have a three-leveled management system, which comprises of first-level managers, middle-level managers and top-level managers. Managers make people work efficiently. They give directions, check, control, plan, coordinate and communicate. Managers have to be good at communication and motivation. They have to motivate their staff to work well and to be productive. Furthermore, managers have to train and develop employees.

First-level managers include supervisors or section leaders. They control and direct on the first place. Middle management includes branch or department leaders (Marketing director, HR director, IT director, Financial director), who are responsible for department’s function. They devote more time to organizing than lower management.

Top management consists of CEO (Chief Executive Officer), president. Top-level managers are presented by the board of directors. Their responsibility is to control and oversee the performance of the whole organization. The top managers of a company have to set objectives and then develop the company strategies that will enable the company to achieve them.

Most achievements and failures in business are the achievements or failures of individual managers.

first-level managers – менеджеры низшего звена

middle-level managers - менеджеры среднего звена

top-level managers - менеджеры высшего звена

to give directions – давать распоряжения

staff – штат, персонал

a section leader – руководитель участка (секции)

a supervisor – бригадир, инспектор, контролер

a department leader – руководитель отдела

HR director – начальник отдела кадров

CEO – генеральный директор

the board of directors – совет директоров

to oversee – следить, наблюдать

achievements and failures – достижения и неудачи

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