Ўзбекистон республикаси олий таълим, фан ва инноватсиялар вазирлиги тошкент молия институти

Self-study 6

Task 1
1.1 What is motivation.How important is it in business? Explain your answer with examples.
Task 2 .
2.1Explain the following words and make up sentences with either of them:
1. to mind one’s own business;
2. bad business;
3. dirty business;
4. personal business;
5. to be out of business;
6. booming business;
7. to build up business;
8. business competition;
Task 3
3.1Writing: Translate the given text into your native language
WHAT IS GLOBALIZATION?
Many critics of globalization say that it is a major cause of poverty, that it opens up developing countries to exploitation by big foreign corporations, and that it results in people in wealthy countries losing jobs when cheaper foreign imports put their companies out of business.
They also criticize foreigners for “buying up” local companies and creating a homogenized world run by multinational corporations not accountable to any government. Globalization for all its faults, helps economies grow- which means improving standards of living for billions of peoplearound the world.The United Nations Human Development Index, an indicator of literacy and standard of living in countries around the world, shows that during the last years of the twentieth century, more than a billion people around the world escaped absolute poverty through economic growth. Those countries that embraced globalization have enjoyed rates of growth that were, on average, 50 percent higher than those with closed borders.
Globalization, we must note, does benefit some people more than others. Access to technology and capital has created new jobs for workers in developing countries, and those countries and companies with technology and capital to sell have also benefited enormously from globalization.
Task 4
4.1. Complete the text using the correct form of the following verbs:
achieve allocate balance deal with develop employ establish follow require set



The top managers of a company (1) have to .........objectives and then develop particular strategies that will enable the company to (2)......... them. This will involve (3)......... the company’s human, capital and physical resources. Strategies can often be sub-divided into tactics - the precise methods in which the resources attached to a strategy are (4) ......... . The founders of a business usually establish a “mission statement” - a declaration about what the business is and what it will be in the future. The business’s central values and objectives will (5) ......... from this. But because the business environment is always changing, companies will occasionally have to modify or change their objectives. It is part of top management’s role to (6) ......... today’s objectives and needs against those of the future, and to take responsibility for innovation, without which any organization can only expect a limited life. Top managers are also expected to set standards, and to (7) ......... human resources, especially future top managers. They also have to manage a business’s social responsibilities and its impact on the environment. They have to (8) ........... and maintain good relations with customers, major suppliers, bankers, government agencies, and so on. The top management, of course, is also on permanent stand-by to (9) ......... major crises. Between them, these tasks (10) ......... many different skills which are almost never found in one person, so top management is work for a team. A team, of course, is not the same as a committee: it needs a clear leader, in this case the chairman or managing director. Complete the following collocations: 11. to set ......... 12. to allocate ......... 13. to ......... responsibility 14. to ......... standards 15. to ......... and ......... good relations 16. to ......... a crisis