Question

Aman , Ahmad and David are partners in a firm engaged in the distribution of dairy products in Maharashtra State. Aman is a holder of Senior Secondary School Certificate from Central Board of Secondary Education with business studies as one of his elective subjects. Ahmad had done his post graduation in History and David in dairy farming. One day ,there was a serious discussion between Ahmed and David regarding the nature of management. Ahmed argued that management was a profession. Where as David argued against it saying that the legal and medical profession are the only professionals because they fulfill the condition of profession. Aman on the basis of his knowledge of business studies explain the nature of management as a profession to Ahmed and David. Explain how Aman would have satisfied both Ahmed and David?

Answer 1

Answer:

argued that management was a profession. Where as David argued against it saying that the legal and medical profession are the only professionals because they fulfill the condition of profession. Aman on the basis of his knowledge of business studies explain the nature of management as

Answer 2

Management as a Profession

Explanation:

Aman would have satisfied both Ahmed and David by telling him that management is a profession.

However, is is not a full fledged profession like accounting, medical or legal as it doesn't meet the exact criteria of a true profession. The following points will prove this:

• Well-defined body of knowledge - Management is also based on a systematic body of knowledge, like a profession, it comprises well-defined guidelines. So, this feature is present in management.

• Restricted entry - The entry is restricted through a prescribed qualification. It is mandatory for a manger to possess a specific degree. So, this feature is not present in management.