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.
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Famous quotes containing the words nature and/or work:
“The poet’s, commonly, is not a logger’s path, but a woodman’s. The logger and pioneer have preceded him, like John the Baptist; eaten the wild honey, it may be, but the locusts also; banished decaying wood and the spongy mosses which feed on it, and built hearths and humanized Nature for him.”
—Henry David Thoreau (1817–1862)
“It’s true hard work never killed anybody, but I figure, why take the chance?”
—Ronald Reagan (b. 1911)