Vocabulary notes

Globalisation ─ the process of making something such as a business operate in a lot of different countries all around the world.

Assignments

I. Match the following English and Ukrainian words and phrases:

to update	скористатися з чогось
to become obsolete/out of date	витрати на зарплату
to shrink	обставина, подія
inventory management	працівник, який працює неповний робочий день
to keep pace	накладні витрати
inward investment	скорочувати
developments	приводити у відповідність до вимог сучасності, модернізувати
to take advantage of smth.	відчуття відчужування від суспільства
to take advantage of smb.	застарівати
labour costs	бути наслідком чогось
overhead costs	працівник, який працює повний робочий день
social costs	управління матеріально-технічними запасами
to arise from	зарубіжні інвестиції, залучені до даної країни
part-time worker	не відставати
full-time employee	перехитрити когось
a sense of alienation from society	витрати на суспільні потреби тут: соціальні наслідки
unemployable	часи пожвавлення ділової активності
boom times	непрацездатний

II. Suggest the Ukrainian equivalent of the phrases below:

coping with change; work pattern; to operate on an international scale; to change continually and unpredictably; to set up manufacturing plants; to secure an entry into the lucrative European market; introduction of more efficient management practices; quality and productivity standards; domestic manufactures; core work force; to cope with fluctuations; just-in-time labour; manufacturing techniques; demand for skilled/ educated personnel; at the expense of; long-term unemployed;

III. Find English equivalents to the following words and phrases from the text:

основна робоча сила; запровадження ефективніших управлінських практик; призвичаювання до змін; стиль/методи роботи; призвичаїтись до коливань; забезпечити доступ до вигідного європейського ринку; попит на досвічений / освічений персонал

IV. Answer the questions:

1. What major internal and external changes are taking place with which organisations have to deal?

2. What is globalisation?

Unit 2.2. Information, Data and Communication

2.2.1. Information and Management

In all but the smallest organisations management rarely observe operations directly. They attempt to make decisions, prepare plans and control activities by using what information they can obtain from formal sources ─ for example the organisation’s MIS ─ or from informal means, such as face to face conversations, telephone calls, through social contacts and so on.

Ideally, the manager should be able to define the type of information he requires and the MIS should be able to supply it. In practice, of course, it does not happen like this and managers have to use whatever information is available, from whatever source.

Managers need relevant information to assist them to plan, to control, and to make decisions. Relevant information is information which:

• increases knowledge

• reduces uncertainty

• is usable for the intended purpose

Management gets things done through people, by using relevant information.

The type of information required is dependent on many factors including: the level of management, the task in hand, confidentiality, urgency etc.