Question

Following Factors Stand In The Way Of Professionalization of Management in India

Answer 1

A professional cannot be controlled or directed by the client. He has professional knowledge and judgment which he uses to make his decision. Thus, professionalization makes business more efficient, dynamic and socially responsible. The growth of management education in India has contributed to professionalization in the business field. There has been a growing trend towards professionalization of management.

Professionalization imparts a certain social  company form of business organization which has split ownership from management and the gaining popularity of the company form of business organization have increased the need for professional managers.