Question

Is Management a Profession? Explain

Answer 1

Management can be considered as a profession but it lacks certain features that make it completely in line with the characteristics of a profession. The following points will help in explaining this concept.

1. Management consists of well defined and a systematic body of knowledge similar to other professions. This knowledge can be acquired by practice and the principle and concepts can be applied in business situations.
2. Management does not have a restricted entry like for being a doctor you need to study medicine, but for becoming a manager there is no such restriction. Although there are institutes where specialization can be obtained for management that can sharpen your management skills, it is not mandatory.
3. There is no association or a governing body that regulates the way managers function unlike other professions like lawyers that have BAR.
4. The service motive of other professions is somewhat replaced by profit maximisation motive in management, or it can be said that management is dynamic in nature with interchanging service and profit motive.

Also read:

• Henri Fayol 14 Principles of Management
• Taylor Principles of Scientific Management
• Levels of Management
• Management as an Art Science Profession

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