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:
“Because it is in the nature of things that they become extreme, we have passed down from manliness to cruelty. If I had been told when I was 20 that there was a tavern in the town where the brave and the cruel were gathered together, I would have run all the way and I would have gone up to the largest and leatheriest of the denizens and said: “If you truly love me, kill the bartender.””
—Quentin Crisp (b. 1908)
“For Nature is the noblest engineer, yet uses a grinding economy, working up all that is wasted to-day into to-morrow’s creation;Mnot a superfluous grain of sand, for all the ostentation she makes of expense and public works.”
—Ralph Waldo Emerson (1803–1882)
“Dear Felix, I have found some work for you. First of all we must have an eye-to-eye monologue and get things settled.”
—Vladimir Nabokov (1899–1977)