Nature of Managerial Work
In for-profit work, management has as its primary function the satisfaction of a range of stakeholders. This typically involves making a profit (for the shareholders), creating valued products at a reasonable cost (for customers) and providing rewarding employment opportunities (for employees). In nonprofit management, add the importance of keeping the faith of donors. In most models of management/governance, shareholders vote for the board of directors, and the board then hires senior management. Some organizations have experimented with other methods (such as employee-voting models) of selecting or reviewing managers; but this occurs only very rarely.
In the public sector of countries constituted as representative democracies, voters elect politicians to public office. Such politicians hire many managers and administrators, and in some countries like the United States political appointees lose their jobs on the election of a new president/governor/mayor.
Read more about this topic: Management
Other articles related to "nature of managerial work, work":
... In for-profit work, management has as its primary function the satisfaction of a range of stakeholders ...
Famous quotes containing the words nature of, work and/or nature:
“No one lives in this room
without confronting the whiteness of the wall
behind the poems, planks of books,
photographs of dead heroines.
Without contemplating last and late
the true nature of poetry. The drive
to connect. The dream of a common language.”
—Adrienne Rich (b. 1929)
“The most fitting monuments this nation can build are schoolhouses and homes for those who do the work of the world. It is no answer to say that they are accustomed to rags and hunger. In this world of plenty every human being has a right to food, clothes, decent shelter, and the rudiments of education.”
—Elizabeth Cady Stanton (18151902)
“The state is a creation of nature and man is by nature a political animal.”
—Aristotle (384323 B.C.)