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
Famous quotes containing the words nature of, nature and/or work:
“There are some things, my dear Fisher, which do not bear much looking into. You undoubtedly have heard of the Siberian goat herder who tried to discover the true nature of the sun. He stared up at the heavenly body until it made him blind. There are many things of this sort, including love and death.”
—Stanley Kubrick (b. 1928)
“While nature thus very early and very abundantly feeds us, she is very late in tutoring us as to the proper methodization of our diet.”
—Herman Melville (1819–1891)
“The best thing about Sassy Seats is that grandmothers cannot figure out how they work and are in constant fear of the child’s falling. This often makes them forget to comment on other aspects of the child’s development, like why he is not yet talking or is still wearing diapers. Some grandmothers will spend an entire meal peering beneath the table and saying, “Is that thing steady?” rather than, “Have you had a doctor look at that left hand?””
—Anna Quindlen (20th century)