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:
“As the quality of water changes with the nature of the soil;
So will a man’s reason vary with the quality of his friends.”
—Tiruvalluvar (c. 5th century A.D.)
“For, as it is dislocation and detachment from the life of God, that makes things ugly, the poet, who re-attaches things to nature and the Whole,—re-attaching even artificial things, and violations of nature, to nature, by a deeper insight,—disposes very easily of the most disagreeable facts.”
—Ralph Waldo Emerson (1803–1882)
“A work of art is one through which the consciousness of the artist is able to give its emotions to anyone who is prepared to receive them. There is no such thing as bad art.”
—Muriel Rukeyser (1913–1980)