Book Summary: Why Managers Matter by Nicolai J. Foss & Peter G. Klein

Why Managers Matter by Nicolai J. Foss & Peter G. Klein Book Cover

In their book “Why Managers Matter,” Nicolai J. Foss and Peter G. Klein explore the critical role that managers play in organizations. The authors argue that managers are not just necessary for the smooth functioning of a company, but they also have a significant impact on the success of the organization. The book is divided into three parts, with each part focusing on a different aspect of management.

Part 1: The Nature of Management

In the first part of the book, Foss and Klein define what management is and how it differs from other forms of leadership. They argue that management is a process that involves coordinating and overseeing the work of others to achieve a specific goal. The authors also discuss the different types of management, including strategic management, operational management, and project management.

Part 2: The Impact of Managers

The second part of the book focuses on the impact that managers have on their organizations. The authors argue that managers have a significant impact on the performance of their organizations, and that their actions can either enhance or hinder the success of the company. They also discuss the different ways that managers can influence their organizations, including through their decision-making processes, their communication styles, and their leadership styles.

Part 3: The Future of Management

In the final part of the book, Foss and Klein explore the future of management and the challenges that managers will face in the coming years. They discuss the impact of technology on management, the importance of developing new management skills, and the need for more innovative and adaptive management practices.


Overall, “Why Managers Matter” is an insightful and thought-provoking book that provides a comprehensive overview of the role of managers in organizations. The authors make a compelling argument for the importance of management and provide valuable insights into the impact that managers can have on their organizations. Whether you are a manager yourself or simply interested in understanding the role of management in organizations, this book is a must-read.

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