SELECT * FROM question_mgmt as q WHERE id=5016 AND status=1 SELECT id,question_no,question,chapter FROM question_mgmt as q WHERE courseId=3 AND subId=20 AND chapterId=590 and ex_no='3' AND status=1 ORDER BY CAST(question_no AS UNSIGNED) CBSE Free NCERT Solution of 12th business-studies Nature and Significance of Management do you think management has the characteristics of

Question:

Do you think management has the characteristics of a full-fledged profession?

Answer:

Profession is an occupation for which specialized skills and knowledge are required. And entry in any profession is restricted as it requires specialized skills and some minimum educational qualification.

Characteristics of profession as a profession.

  1. Well defined body of knowledge: Professions are based on a well-defined body of knowledge that can be acquired through instructions.
    This characteristic of profession is applicable in management also as management is also based on a systematic body of knowledge comprising well-defined principles.

  2. Restricted Entry: Entry to a profession is restricted through acquiring an educational degree or through examination.
    This characteristic of the profession is not applicable in management as there is no restriction on anyone being designated or appointed as manager in any business firm. But in today's world the organisation gives more preference to management graduates for the need of specialization.

  3. Professional association: Every profession is affiliated to a professional association which regulates entry and grants certificate of practice.
    This characteristic of the profession is also not applicable in management. There are some associations of practising managers in India, like the AIMA (All India Management Association) that has laid down conduct to regulate the activities of their members. But there is no compulsion for a manager to be a member of the management association.

  4. Service Motive: The main motive of a profession is to serve their client's by providing them committed service.
    This characteristic is not purely applicable in management as the main motive of management is to achieve the specific goal of the organisation. And that may be profit maximisation.

However, profit maximisation as the objective of management does not hold and is fast changing. 

So, finally it can be said that management does not fulfil all the characteristics of the profession. But in today's growing world for status and recognition  management is moving towards profession.


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