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2. Key vocabulary / expressions

allocate ['æləֽkeit] – v размещать, распределять; назначить

cursory ['kз:sәri] – adj. беглый, поверхностный

delineate [di'liniֽeit] – v устанавливать, очерчивать

executive [ik´zekjutiv]– adj. исполнительный, административный

hierarchical [ֽhaiә'r:kikәl] – adj. иерархический

monetary – adj. денежный, валютный

scrutinize ['skru:tiֽnaiz] – v внимательно рассматривать; тщательно

исследовать

stuffy – adj неинтересный, скучный; загруженный

supervise ['sju:pəֽvaiz] – заведовать, наблюдать

thrust – зд. положение; опора

3. Read the words paying attention to different pronunciation of letter c and t. Translate the words

crucial, beneficiary, presidential, specific, special, concept, sociology, associate, initial, license, financial, medicine, perception, artificial, process, percent

4. Prepositional phrasal verbs

Translate the sentences keeping in mind that the prepositions after the verbs change their initial meaning

1. All the seats are booked up.

2. He booked out last night.

3. He is on firm’s books.

4. This building houses the city council.

5. I’m ready to meet your challenge.

6. This will barely meet all my expenses.

7. We are rather late, but never mind.

8. Would you mind my coming to your place?

9. He is one of the best minds of our time.

10. Mind your own business!

11. He managed to muddle it.

12. Can you manage another slice of pie?

5. Speaking Practice. My Future Speciality

5.1 Additional information. Read and discuss with your partner the problems raised by the practitioners using the questions below.

1. What of the following can be implemented in your business?

2. How will you develop the employee potential?

3. What do the abbreviations in the extracts mean?

“The one element that will automatically eliminate a (business) plan from consideration is an inexperienced management team. Execution is 95% of success. So, get experience before you start your own business.”

Nancy Glaser, Venture Capitalist

“Our management structure assumes people care about their jobs and want

to belong to an organization that takes pride in what it makes. We demand more from our work force, but the trade-off for the worker is excellent pay and job security. We believe in developing employee potential through: mutual trust and respect; recognizing worth and dignity; developing individual performance; developing team performance; and improving the work environment.”

Michael Damer, New United Motor Manufacturing Inc.

“Part of planning is people planning. We want our managers to tell us

about their people resources. People issues make up one of the largest sections of our business plan. We want to know how people will be used, and how managers are training their people and preparing for succession.”

George James, Sr. V.P. & CFO, Levi Strauss & Co.

____________________________________________________________________________________Lesson 16. MANAGERIAL ISSUES