Question

Write short notes of the following.

Management as a Profession

Answer 1

The following are the basic features according to which management can be viewed as a profession:

i. Systemised knowledge- Management is based on a systemised and well-defined body of knowledge comprising principles and theories. This knowledge can be attained through various colleges, institutes and books.

ii. Professional association- Like other professions, management also is affiliated to a professional association or body that regulates the functioning of its members.

iii. Restriction to entry- Although no specific qualification or degrees are required to be a manager, professional knowledge in terms of management degrees and diplomas are preferred. To some extent, this restricts the entry of people to management graduates only.

iv. Code of conduct- Every profession follows a particular code of conduct that sets the basis for the ethical behavior of its members. Through good management, production takes place in an effective and efficient manner and quality goods and services are provided to society at a fair price.