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Management functions

Exercise 12: Translate the sentences into English. The underlined parts should be translated as Participle constructions. | Reserve Requirement as a Tool of Monetary Policies | IFLATION | Text 2: INFLATION | Falling sales. | Higher costs. | FOREIGN TRADE | Exercise 7: Translate these sentences into Russian. | Exercise 10: Say what parts of speech do the underlined words belong. Translate the sentences into Russian. | Exercise 13: Open the brackets using the verbs for making an appropriate form of a participle. Translate the sentences into Russian. |


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Planning. Planning is the management function that involves setting goals and deciding how best to acieve them. This function also in­cludes considering what must be done to encourage necessary levels of change and innovation.

Organizing. Organizing is the management function that focuses on allocating and arranging human and non-human resources so that plans can be carried out successfully. It is through the organizing function that managers determine which tasks are to be done, how tasks can best be combined into specific jobs, and how jobs can be grouped into various units that make up the structure of the organiza­tion. Staffing jobs with individuals who can successfully carry out plans is also heart of the organizing function.

Leading. Leading is the management function that involves in­fluencing other to engage in the work behaviors necessary to reach organizational goals. Leading includes communicating with other, helping to outline a vision of what can be accomplished, providing direction, and motivating organization members to put forth the sub­stantial effort required.

Controlling. Controlling is the management function that is aimed at regulating organizational activities so that actual perform­ance conforms to expected organizational standards and goals. To do the necessary regulating, managers need to monitor ongoing activities, compare the results with expected standards or progress toward goals, and take corrective action as needed.


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