MANAGEMENT AS

PROFESSION
 Profession is an occupation for which specialized
knowledge, skills & training are required

 Management is regarded as profession by many ,
although it does not possess all the features of
profession

 Management differs from other recognized
professions like medicine , law in having
neither a formal educational requirement nor a
system of examination & licensing for aspiring
members
 Although MBA has been the fastest growing
graduate degree for becoming managers

 But there is no requirement of passing a standard
examination before being admitted to practice

 Nor are senior managers , investment bankers or
consultants are required to participate in
continuing education

 There is no explicit obligation even if they
serve on boards that are required to approve
potentially risky transactions

 Recent data suggests that those who posses an MBA
are the least likely to pursue continuing
education

 The main implications of professionalization in
management are in these areas of development


1.The growth of organized , systematic body of

knowledge
2.The evolution of professional schools of
management
3.A growing emphasis on the ethical behavior of
managers
4.The increasing number and use of management
consultants
5.The large number of management associations
  The key considerations in professional
management are –


1. Commitment to professionally defined knowledge &

techniques
2.
3. Application of modern management tools & techniques
4.
5. Team approach in managing rather than emphasis on
personal styles
6.
7. Preparedness to accept change and to apply the
principles of change management

5. Preference for competence rather than birth as the
basis for movement in the organizational ladder
6.
7. Optimization-oriented decision making expected to
optimize the benefits to the organization and
its constituents
8.
9. Responsiveness to the society and respect for
national policies
10.
11.
 Professionalization of management
in India


 Professional management has become a glamorous

expression in corporate management in India

 Every company takes pride of pleasure in
decorating itself as professionally-managed

 The basic characteristics of management as a
profession are found in Indian management in
varying degrees

 Facilities of formal education in management ,
establishment of All India Management Association
suggest that there is professionalization of
management in India