
- •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. Read the definitions and find corresponding words or expressions.
be based or founded upon something
to use a computer to control the way something is done, to store information etc
partner, colleague
of, relating to, or using the World Wide Web
to organize something according to a system
to make something happen
capable of existing together in harmony or designed to work with another device or system without modification
essential to the existence, development, or success of something
ultra-low
specialized software applications that enable group members to share information and also communicate with each other more easily
assign the responsibility for a bad or unfortunate situation or phenomenon to someone or something
3. Answer the questions.
What is the difference between R.Grant’s and P.Drucker’s opinions on
accounting systems
total quality management?
How does Peter Drucker explain the fact that IT has almost no influence on business management?
What is required by top management for the fulfillment of their tasks, according to the text?
4.
A. Speak on the top management tasks as you understand them: what they are and what you consider necessary for their implementation.
B. Discuss P.Drucker’s opinion on IT having almost no influence on business management. Do you agree with the guru? Why? \ Why not?
TEXT 5
1. Find the topic sentences of the paragraphs. Management Attitude about cis Resources and Their Use
1. Top-level management attitudes towards CIS functions often reflect the corporate image and also the prevailing practices within a given industry. That is, industry practices can provide an environment that requires a certain, minimal level of commitment to CIS. Beyond that, the aggressive or conservative posture from which management views its organization shapes the extent to which the company becomes leader or follower. For example, the insurance field is one in which CIS capabilities have become an integral part of the products and services offered to the marketplace.
2. Given this environmental requirement, it follows that all insurance companies will make a heavy commitment to CIS resources. However, bullish companies within this industry will tend to go beyond minimal requirements. An aggressive insurance organization might, for instance, develop special distributed processing packages for agencies or branch offices. Others might offer telephone inquiry services directly to the public, and so on.
3. In general, if the overall company attitude is bullish, management takes a liberal approach to supporting information services and resources. Bullish executives expect a CIS function to be a state-of-the-art activity, and to use the most advanced hardware and software. Interactive, user-friendly, rather than batch processing applications, tend to be in the forefront for a bullish company. The CIS department constantly seeks opportunities to add new and innovative applications to its list of services. New ways to use the technology are evaluated constantly. Thus, a bullish company may build its new applications upon a series of databases that implement advanced data modeling and database concepts.
4. In an aggressive company, computer equipment may be diversified. That is, while many companies choose to deal with a single equipment vendor, an aggressive company tends to tailor purchases to application requirements – regardless of vendor. This independence often can lead to support of a wide range of equipment by different manufacturers, including a mainframe from one manufacturer, magnetic disk and tape storage from another vendor, and terminals from still another vendor. Companies with this positive, aggressive attitude toward CIS usually are cost conscious about equipment purchases. The CIS function in these companies typically produces detailed evaluations of equipment of competing manufacturers before decisions are made.
5. An aggressive, dynamic corporate policy toward CIS functions often leads to decentralization of computing services. That is, several computing facilities may operate at remote work centers. These remote centers can be distant from or within the same building as the central CIS facility. For example, consider a chain of retail grocery stores. Each store has its own stand-alone computer that is linked by communication lines with a central mainframe at the corporate headquarters. Thus, each store has the capability to support real-time transaction and inventory control activities, and to send revenue and expense data to the central facility. In other types of industries, decentralization involves interactive information systems with terminals on the desks of most managers. Then, user-friendly application development packages are provided to encourage exploration of alternative solutions to problems and provide the basis for management decision support activities.
6. Planning in an aggressive company can be exciting and challenging – particularly challenging. The willingness of management to take risks on new technologies or methods has been found to create a level of excitement not present in more methodical approaches. CIS personnel are expected to keep abreast of state-of-the-art hardware and software developments. In this environment the CIS department often has to react quickly to change, whether changes are anticipated or unexpected.
7. In a nongrowth (bearish) company, it is generally assumed that existing computer equipment is adequate to handle required applications. Equipment often is made by a single manufacturer and is not necessarily the most advanced model or design available. Application software tends not to change frequently. Implementation of new hardware and application software generally follows long and careful investigation and extensive testing.
8. Decentralized computing capabilities rarely are implemented by bearish companies. If distributed systems are implemented, control over computing and applications development tends to remain with the centralized facility. There is little management commitment to maintaining a state-of-the-art support system.
9. Planning in a low growth or conservative organization takes on the corporate image – there tends to be less change, and changes that do occur are more gradual, less dynamic. Consider the situation stemming from purchasing policies: Since corporate policy dictates that equipment be purchased from a single vendor, there are few alternatives to explore.
Jerry L. Koory, Don B. Medley
Management Information Systems: Planning and Decision Making
South-Western Publishing Co., 1987, pp. 38 – 40