Question

Your father wants you to do MBA before joining family business. What does this show about the nature of management?

Answer 1

This shows that today management is not a full-fledged profession. Thus, he wants me to be like a professional before joining the business. His point can be proved by comparing the features of profession with that of the management:

(i) Professionals have a well defined body of knowledge

(ii) The entry into a profession is restricted.

(iii) Usually, the professionals work with the Service motive

(iv) There exists code of ethics which every professional has to follow.

(v) Also, there is the presence of professional associations