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.
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Famous quotes containing the words nature of, nature and/or work:
“When a Man is in a serious Mood, and ponders upon his own Make, with a Retrospect to the Actions of his Life, and the many fatal Miscarriages in it, which he owes to ungoverned Passions, he is then apt to say to himself, That Experience has guarded him against such Errors for the future: But Nature often recurs in Spite of his best Resolutions, and it is to the very End of our Days a Struggle between our Reason and our Temper, which shall have the Empire over us.”
—Richard Steele (1672–1729)
“Fishermen, hunters, woodchoppers, and others, spending their lives in the fields and woods, in a peculiar sense a part of Nature themselves, are often in a more favorable mood for observing her, in the intervals of their pursuits, than philosophers or poets even, who approach her with expectation. She is not afraid to exhibit herself to them.”
—Henry David Thoreau (1817–1862)
“Poets that lasting Marble seek
Must carve in Latine or in Greek,
We write in Sand, our Language grows,
And like the Tide our work o’erflows.”
—Edmund Waller (1606–1687)