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does not adapt will probably not survive. And, to adapt, to change, the organization

must know what is changing and how it is changing. Companies are finding it

increasingly important to gather information about their competitors in today’s
business environment.

It is important to realize that these are only general categories of resources. Within each

category are hundreds of thousands of more specific resources, from which management must

choose those that can best accomplish its goals. Managers must coordinate this complex group of
specific resources to produce goods and services.

III. Answer the questions:

1. What can you say about management in general?
2. Why does a large organization employ many managers?
3. What is important to an organization?
4. Does the ability to achieve organizational goals require a great skill?
5. What can you say about management as a process?
6. What main resources are managers concerned with?
7. What incentives are used to keep employees content? Why?
8. How does an organization obtain financial resources? Give some examples.
9. Is external environment including the economy, consumer market etc. changing
rapidly?
10. What must an organization do to survive?

IV. Give English equivalents of the following:

визначення оплачувана відпустка
забезпечувати позичати
застосування залучати
здібність виживати
службовець, працівник товари

V. Match the management terms with their definitions:

1. Management a) owner, especially for hotel, land or patent;
2. Incentive b) that which incites, rouses or encourages a
person;
3. Proprietor c) skillful treatment; delicate contrivance;
4. Endowment d) money, property, etc. given to provide an
income (charity intentions).