Business english

[DeepAndDark]

Please activate Javascript in your browser to listen to this audio recording

22 Listened

Download mp3	Click to listen

Is there anybody there studying management, economics or international economic relations?
I'm finishing the course of management in English right now. Don't you mind me reading a text from my student's book? Here it comes...

Management has been defined in many different ways. Used collectively, the management refers to individuals engaged in planning and decision-making, controlling and directing the efforts of members of an organisation and using organisational resources in order to achieve stated goals; on the other hand, management is the process undertaken by one or more individuals to coordinate the activities of others to achieve results not achievable by one individual acting alone.
Note that by its very definition, management implies getting things done through other people. The well-known American business professor and consultant Peter Drucker believes that the work of management is to make people productive. To regain the competitive edge in the international arena, society must have managerial competence.
Another view of management is presented by Peters and Waterman who emphasise mentorship, love for managing and working with people; managers are excellent communicators and value shapers, lightning rods to get the job done.
Note that effective managers do intend to make employees productive and they also have the ability to inspire people. Also if the decline in industrial and service performance is to be stopped, managers have to be in the forefront applying the best techniques, knowledge and understanding every single day.
Thus, all above-mentioned can be summarised in the following definition of management.
Management is the process by achieving organisational objectives within a changing environment by balancing efficiency, effectiveness and equity, obtaining the most from limited resources, and working with and through other people.