Management is a profession like medical or legal profession. Do you agree with this statement? Give any four reasons in support of your answer.
Yes, I agree. Management is a profession because :
(i) Specialised knowledge: Management is a systematised and specialised body of knowledge that every professional will attempt to seek specialised skills and knowledge.
(ii) Formal education and training: Management involves formal education and training that caters to support the overall objectives of the organisation. This education and training enables professionals to carry out the functions of an organisation effectively and efficiently.
(iii) Code of conduct: The management can make the professionals follow a code of conduct which is a set of rules that defines their roles and responsibilities in the organisation. For example, professionals in law and medicine are expected to have licenses defining the code of conduct for entry and practice of their profession in the industries.
(iv) Representative association: Professions are regulated and standardised through an association that represents their actions and beliefs. For example, the profession of a Chartered Accountant (CA) is regulated under the Chartered Accountants, Act, 1949.