English for Masters in Economics. Маркушевская Л.П - 67 стр.

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Университет ИТМО | Санкт-Петербург

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TEXT 18. MBA
Exercise 1. Be ready to answer and discuss these questions.
1) What are your professional goals after getting Master degree?
2) Does master’s degree in business administration attract you?
Exercise 2. Before reading the text check the transcription in the dic
-
tionary and read the words listed below.
Value, to determine, appropriate, career, insurance, despite, comprehen
-
sive, signicantly, executive, attendance, exible, average, relevance,
residential, accredited, fee, external, postgraduate, well-regarded, pre-
liminary, assessment, voluntary, predictor, consideration, overall, over-
sea, to encourage, applicant.
Exercise 3. Combine the words to get as many phrases as possible.
1. career
2. comprehensive
3. public
4. information
5. elective
6. accredited
7. business
8. self-directed
9. open
10. overseas
11. honours
a) degree
b) candidates
c) knowledge
d) study
e) learning
f) administration
g) path
h) subjects
i) programmes
j) technologies
k) school
Read and entitle the text
1 The Master of Business Administration (MBA) is widely seen as the most
prestigious qualication for business and management throughout the world.
International students, who study this popular programme in the UK, value its
ability to give them business and management skills at the highest level.
What do I need to think about?
2 You must rst determine whether you are likely to qualify for entry to
an MBA, or whether another postgraduate Master’s programme (MA, MSc)
might better serve as a foundation either for further study or work in a func-
tional area of management.
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a challenge to training programs. The behavioral component can come with
experience, but not everybody has the personal qualities that make them
prime prospects. Organizations need to understand this if they are to de-
velop strong project management.
Technical skills
To be an effective PM requires the ability to plan projects, assess project
status, and identify issues of risk. These are skills that a person can learn.
Planning. The ability to plan means being able to identify the task that
needs to be performed, including the various dependencies within the task,
and to develop estimates of the time and resources needed to complete the
project. Planning ability might involve knowing how to use available soft-
ware, such as Microsoft® Project or another project management tool.
Assessing project status. Every project manager needs to know how
to determine the status of an ongoing project against the details of its plan.
The methodologies and techniques involved — earned value analysis (EVA),
schedule performance index (SPI) analysis, and cost performance index
(CPI) indicators — are tools that can be learned.
Behavioral skills: the art of project management
The behavioral component of the project management skill set includes
three crucial elements: the capacity to anticipate, attention to detail, and the
ability to persuade others. These capabilities constitute a kind of «art» in a
project manager’s bag of talents. They are in part inherent personal qualities,
in part the product of relevant experience, and only in part teachable.
Thinking ahead. Some people are great at focusing on the task at hand
and don’t worry about what’s ahead. For example, helpdesk technicians must
answer immediate questions, x existing problems, and close the work tick-
et, but they aren’t generally expected to foresee what will come up next. A
project manager, in contrast, needs to see around the bend. In the case of the
helpdesk example, the PM’s job is to anticipate what kinds of calls for tech-
nical assistance might come in. So, too, with other kinds of projects. Even
with the most comprehensive planning, problems can arise in the execution
of a project that could derail it if they are not anticipated and managed. A PM
must think ahead and be ready for all contingencies.
The experiential approach. An organization can’t just give PMs a
training course and expect them to learn how to see ahead, pay attention

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