Question

Discuss the basic features of management as a profession?​

Answer 1

Answer:

The basic features of management as a profession are:

Well defined body of knowledge:; Management has well defined body of knowledge as in profession.

Restrict entry: Management has restricted entry through an examination or degree as in profession.Well Defined Body of Knowledge: All professions are based on a well-defined body of knowledge that can be acquired through instruction.

Restricted Entry: The entry to a profession is restricted through an examination or through acquiring an educational degree. For example, to become a chartered accountant in India a candidate has to clear a specified examination conducted by the Institute of Chartered .

Answer 2

$\sf\red{Management \: as \: a\: Profession}$

Profession can be defined as an occupation backed by specialised knowledge and training in which entry is restricted.

The main features of Profession are:-

• Well defined body of knowledge- In every profession there is practice of systematic body of knowledge which helps the professionals to gain specialised knowledge of that profession. In case of Management also there is availability systematic body of knowledge. There are large number of books available on management studies. Scholars are studying various business situations and are trying to develop new principles to tackle these situations. So presently this feature of profession is present in management also.

• Restricted entry- The entry to a profession is restricted through an examination or degree. For example, a person can practice as doctor only when he is having MBBS degree. Whereas there is no legal restriction on appointment of a manager anyone can become a manager is respective of the educational qualification. But now many companies prefer to appoint managers only with MBA degree. So presently this feature of profession is not present in management but very soon it will be included with statutory backing.

• Presence of professional associations- For all the professions special associations are established in every professional has to get himself registered with his Association before practicing that profession. For example, doctors have to get themselves registered with Medical Council of India, lawyers with Bar Council of India, etc. In case of Management various management associations are set up at National and international levels which have some membership rules and set of ethical codes, for example, AIMA in New Delhi, National Institute of personal management at Kolkata, etc. but legally it is not compulsory for managers to become a part of these organisations by registration. So presently this feature of profession is not present in management but very soon it will be included and get statutory backing also.