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.”
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“I was standing in the schoolyard waiting for a child when another mother came up to me. “Have you found work yet?” she asked. “Or are you still just writing?””
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