
- •Unit 6. Finance for strategy
- •1. Read the text and match the topic sentences a-h to the gaps 1-7.
- •Financial Management functions
- •3. Work with vocabulary. Identify the words and word combinations from the previous exercise by the context provided.
- •4. Lexical Card. Prepare a short talk on the following topics, using the lexical items listed below, either in written or oral form:
- •5. Work either individually or in pairs / groups. Answer the following questions. Prepare a report, if necessary.
- •Text 2 Banking On Blue Chip Stocks
- •1. Scan the text and match the subheadings to the parts I-V.
- •2. Read the text and say whether the statements are true or false.
- •3. Summarize the content of the text.
- •5. Work with vocabulary. Identify the words and word combinations from the previous exercise by the context provided.
- •6. Lexical Card. Prepare a short talk on the following topics, using the lexical items listed below, either in written or oral form:
- •7. Work either individually or in pairs / groups. Answer the following questions. Prepare a report, if necessary.
- •Five Steps of a Bubble
- •1. Skim the text and match the pictures a-g to the paragraphs 1-7.
- •§ 3. 1. Displacement
- •§ 4. 2. Boom
- •§ 5. 3. Euphoria
- •§ 6. 4. Profit Taking
- •§ 7. 5. Panic
- •2. Read the text and answer the questions.
- •3. Work with vocabulary. Identify the words and word combinations marked violet in the text with their definitions given in the table below.
- •4. Work with vocabulary. Identify the words and word combinations from the previous exercise by the context provided.
- •5. Lexical Card. Prepare a short talk on the following topics, using the lexical items listed below, either in written or oral form:
- •6. Watch the film “Margin Call” (2011) and describe the situation of the 2008 crisis.
- •7. Work either individually or in pairs / groups. Answer the following questions. Prepare a report, if necessary.
- •1. Scan the text and
- •Five Lessons from the World's Biggest Bankruptcies
- •3. Give the summary of the five lessons from the World's Biggest Bankruptcies.
- •Vocabulary. Part I
- •Vocabulary. Part II
- •5. Work with vocabulary. Identify the words and word combinations from the previous exercise by the context provided.
- •Vocabulary. Part I
- •Vocabulary. Part II
- •6. Lexical Card. Prepare a short talk on the following topics, using the lexical items listed below, either in written or oral form:
- •7. Read the recommended articles in the text and prepare reports on the topics.
- •8. Watch the film “Wall Street II. Money Never Sleeps” (2010) and find illustrations of the processes described in the text.
- •9. Discussion. Lessons to be learnt from the article and the films. Final discussion
- •Unit 6 wordlist
- •Unit 7 Budgets, Decisions and Risks
- •1. Make an outline of the text Managerial Accounting
- •2. Write a word from the box in the correct form in each gap.
- •Money management - an introduction
- •3. Circle the correct word or phrase.
- •4. Develop the topic suggested
- •1 . Highlight the topic sentences and justify your choice Trading on Teamwork
- •Curriculum vitae
- •2. Fill in the gaps with the right prepositions Dealing with debt
- •3. Each of the words or phrases in bold is incorrect. Rewrite them correctly.
- •4. What aspects in the company management should be taken into consideration to make the right investment decision ?
- •1.What is the main idea of the text ? Financial crisis could turn the tide against unrestricted capital flows
- •2. Fill in the right word from the text
- •3. Answer the questions
- •4. Develop the topic: what do the market crises depend on?
- •1. Think of some other title for the text Downturn, start up
- •2. Choose the right word combination (scarce,collateral,teeth, spur,commissioned)
- •3. Qualify the statements, whether they are true or false
- •Unit 8 and 9 People as a Resource / Developing People
- •1. What do you think is similar in the job of a mentor and a coacher? What could be the main difference between them?
- •2. Read the text below to check if your ideas were right. Name the most striking difference between mentoring and coaching. Mentoring versus coaching
- •3. Scan through the text once again and put m next to the phrases which characterize mentoring, and c next to those which are typical of coaching.
- •4. Paraphrase the last sentence of the text. How far do you agree with it?
- •5. Explain the meaning of the highlighted words/phrases in English.
- •6. Translate from Russian into English.
- •7. Discuss in pairs.
- •2. Underline the key phrases which help differentiate one term from the other.
- •3. Define the phrases from the text which are in bold.
- •2A. Scan through the text to check if you were right.
- •2B. Read the text once again and find potential hazards a team can face at some stages.
- •2C. Using your own teamwork experience, name 1) the stage(s) which can be skipped; 2) the other hazards a team can face at each of the stages.
- •1. Scan through the text below and find out why it has got such a title. Team-building for charity brings tears to my eyes
- •2. Answer the following questions about the text:
- •3. Summarize the text ‘Team-building for charity brings tears to my eyes’.
- •4. Define the words in bold.
- •5. Fill in the gaps with an appropriate word / phrase from the box.
- •6. Discuss in pairs.
- •1. The title of the text below is The Value of Poaching. Scan through paragraphs 1-3 and find out what poaching is. Write a short definition for this term.
- •Wordlist for unit 8 and 9
- •Unit 12 Management information systems
- •1. Make an outline of the text.
- •2. Read the definitions and find corresponding words or expressions.
- •3. Think of an appropriate title for the text.
- •4. Explain the difference between data, information and knowledge, providing examples from the sphere of management.
- •1. Make an outline of the text.
- •2. Read the definitions and find corresponding words or expressions.
- •3. Choose the most appropriate title for the text:
- •4. Answer the questions.
- •What information do you need?
- •3. Answer the questions.
- •4. Speak on the role of data, information and knowledge in management studies or business management using one of the following sets of words.
- •2. Read the definitions and find corresponding words or expressions.
- •3. Answer the questions.
- •1. Find the topic sentences of the paragraphs. Management Attitude about cis Resources and Their Use
- •2. Read the definitions and find corresponding words or expressions.
- •3. Match the sentences from the text with the paragraphs 1-9.
- •4. Choose the right alternative.
- •5. Answer the questions.
- •6. Name a few fields where being bullish is vital and being bearish is acceptible; provide supporting arguments.
- •Wordlist for unit 12
2. Answer the following questions about the text:
Who performed in a described teambuilding exercise? Who organized it?
What exactly did the team building exercise comprise?
What aims did it pursue?
How does the author feel about them? What is the main reason?
Further text analysis:
Scan through the text once again and find those phrases / sentences which reveal the author’s attitude towards team-building.
What arguments does the author refer to in order to support her point of view?
How many logical parts can be this text divided into?
Write a plan for the text.
3. Summarize the text ‘Team-building for charity brings tears to my eyes’.
4. Define the words in bold.
5. Fill in the gaps with an appropriate word / phrase from the box.
excruciating bonded atrocious close-knit mitigating factors become immersed establish a rapport in the name of |
The visibility was _________, perhaps forty yards, and I could see nothing.
He protested against cruel experiments on animals carried out ___________ science.
His dream to build a(n) _________, ___________ team didn’t come true. The team was
unable to go through a storming stage.
Judges often give reduced sentences in case of ____________.
There followed a(n) ___________ silence that lasted for at least a minute.
She got some books out of the library and __________ in Jewish history and culture.
Before you do business with someone, it is important to ____________.
6. Discuss in pairs.
How far do you agree with the author’s idea about team building?
If you were to contradict her, what arguments would you present?
Name 4-5 pros and cons of team building.
TEXT 5
1. The title of the text below is The Value of Poaching. Scan through paragraphs 1-3 and find out what poaching is. Write a short definition for this term.
2. The article The Value of Poaching presents an interview with Timothy Gardner, associate professor of management at the Vanderbilt University Owen Graduate School of Management in Nashville, Tenn. While reading the article, match T. Gardener’s answers (1-9) to the questions (A-I) he was asked.
The Value of Poaching
Raiding other companies' employees fosters competition.
Interview by Alice Andors
A. Is poaching legal, ethical, desirable? B. How common is the practice of poaching? C. Will a stronger economy lead to more poaching? D. What can a company do to keep its workers onboard? E. When does poaching cross the line into illegal behavior? F. Are some industries or jobs more susceptible to poaching? G. What is the government's stance on anti-poaching agreements? H. What about noncompete agreements between a company and its employees barring employees from working for competitors? I. Are there circumstances when anti-poaching agreements among companies are constructive?
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Does poaching talent from your competitors violate an unwritten rule of business? Timothy Gardner, associate professor of management at the Vanderbilt University Owen Graduate School of Management in Nashville, Tenn., doesn't think so. In fact, he thinks poaching other companies' employees should be accepted, and even encouraged, to make companies more competitive.
(1) __________________________________________________________
Poaching, or lateral hiring, may account for 30 percent of the movement in labor. That's a lot of movement by people who aren't job searching.
Garrett Jones and Daniel Rothschild of George Mason University studied the hiring that resulted from the 2009 federal stimulus bill. They found that 42 percent of those jobs went to unemployed workers, but an even larger number of workers—more than 47 percent—were hired directly from other organizations. That doesn't necessarily mean companies that received stimulus funds poached, but it's a decent indicator.
(2) __________________________________________________________
It's going to be more frequent when a person's job performance is more public and more easily observed. Waiters are more apt to be hired away than accountants. Academics who publish papers, private sector scientists who get their names on patents—these candidates are easily identified because their performance is public.
(3) __________________________________________________________
Growing companies need people. When the economy is strong and unemployment is low, recruiters will use poaching or lateral hiring more frequently to find the talent they need. When the economy is down, you have less hiring overall and more people looking for work, so recruiters are better able to find talent without having to poach.
(4) __________________________________________________________
All of the above. I define lateral hiring or poaching as the intentional actions of recruiters in one company to identify, contact, solicit and hire a currently employed individual or group of individuals away from another company. There's no ethical problem for the hiring company. If there's an issue, it's between the individuals receiving offers and the companies that employ them.
Managers who lose employees through lateral hiring want to blame the hiring organizations, but the real issue comes down to the relationships they had with their employees. Sometimes it's
a signal that they may need to adjust their work and economic arrangements. From a free market perspective, poaching can help society put assets to their very best use.
(5) __________________________________________________________
Some practices that are sometimes associated with lateral hiring can cross the line. Anytime theft or deception is involved—think stolen company directories, deception to get employee names, hiring someone solely to harm a company—that's illegal and unethical.
Legal issues can arise if employees break contracts binding them to their organizations, or if they share trade secrets with their new employers.
(6) __________________________________________________________
Absolutely. When companies make legal arrangements to cooperate with one another, anti-poaching agreements are often part of the legal relationship. If two organizations are engaged in a joint venture, for example, it's appropriate to carve out specific groups of people who are off-limits for recruitment. But in looser arrangements, like consortia or strategic alliances, antipoaching agreements may be unethical and even illegal if they limit competition.
(7) __________________________________________________________
In 2010, the U.S. Department of Justice barred some of Silicon Valley's biggest companies, including Google and Apple, from entering into nonsolicitation agreements for employees. The companies had informal agreements not to cold-call each other's employees. The department said the agreements were anticompetitive because they could deny employees access to better job opportunities.
(8) __________________________________________________________
Be competitive with pay and benefits and in the whole employment proposition. There's great value in benchmarking your own employment brand against product, market and geographic competitors to better understand your competitive situation for talent.
Employees leave because of their jobs and their bosses. If you don't want your employees to take recruiters' calls, make sure their managers are effective. Provide supervisory training, leadership training and turnover training for managers. Some HR professionals conduct stay interviews instead of exit interviews. This helps them understand employee expectations, what's working and what's not working. Employees will respond positively to that.
(9) __________________________________________________________
They can be effective, though they are not legally enforceable in all states. Often, noncompete agreements are so broad that they're not enforceable at all. You can't bar an employee from working for any business in the Western Hemisphere for the next two decades.
3. Read the article once again and give short answers to the journalist’s questions.
4. Explain the meaning of the words/phrases in bold. Mind that some words/phrases are in the box with the questions.
5. Use 3-4 words in a sentence(s) of your own.
6. Give a talk on the topic Poaching as if you are in a business seminar.
7. Divide into two groups. Group A is to think of the arguments in favour of poaching. Group B is to think of the arguments against poaching.
8. Work as one group and hold a debate. Your task is to persuade the other party that your position is stronger.