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:
“It is not an arbitrary “decree of God,” but in the nature of man, that a veil shuts down on the facts of to-morrow; for the soul will not have us read any other cipher than that of cause and effect. By this veil, which curtains events, it instructs the children of men to live in to-day.”
—Ralph Waldo Emerson (1803–1882)
“Away profane philosopher! seekest thou in nature the cause? This refers to that, and that to the next, and the next to the third, and everything refers. Thou must ask in another mood, thou must feel it and love it, thou must behold it in a spirit as grand as that by which it exists, ere thou canst know the law. Known it will not be, but gladly beloved and enjoyed.”
—Ralph Waldo Emerson (1803–1882)
“On a huge hill,
Cragged, and steep, Truth stands, and he that will
Reach her, about must, and about must go;
And what the hill’s suddenness resists, win so;
Yet strive so, that before age, death’s twilight,
Thy Soul rest, for none can work in that night.
To will, implies delay, therefore now do:
Hard deeds, the body’s pains; hard knowledge too
The mind’s endeavours reach, and mysteries
Are like the Sun, dazzling, yet plain to all eyes.”
—John Donne (1572–1631)