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 and 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 is rare.
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: Managerial
Famous quotes containing the words nature of, work and/or nature:
“From the very nature of progress, all ages must be transitional. If they were not, the world would be at a stand-still and death would speedily ensue. It is one of the tamest of platitudes but it is always introduced by a flourish of trumpets.”
—Gertrude Stein (1874–1946)
“The great work must inevitably be obscure, except to the very few, to those who like the author himself are initiated into the mysteries. Communication then is secondary: it is perpetuation which is important. For this only one good reader is necessary.”
—Henry Miller (1891–1980)
“The imperial multiplicatornothing can nonplus:
My mother Nature is the origin of it all.”
—George Barker (b. 1913)