Management as a profession class 12

Over a large few decades, factors such as growing size of business unit, separation of ownership from management, growing competition etc have led to an increased demand for professionally qualified managers. The task of manager has been quite specialized. As a result of these developments the management has reached a stage where everything is to be managed professionally. A profession may be defined as an occupation that requires specialized knowledge and intensive academic preparations to which entry is regulated by a representative body. The essentials of a profession are: • Specialized Knowledge - A profession must have a systematic body of knowledge that can be used for development of professionals. Every professional must make deliberate efforts to acquire expertise in the principles and techniques. Similarly a manager must have devotion and involvement to acquire expertise in the science of management. • Formal Education & Training - There are no. of institutes and universities to impart education & training for a profession. No one can practice a profession without going through a prescribed course. Many institutes of management have been set up for imparting education and training. For example, a CA cannot audit the A/C’s unless he has acquired a degree or diploma for the same but no minimum qualifications and a course of study has been prescribed for managers by law. For example, MBA may be preferred but not necessary. • Social Obligations - Profession is a sourc...

Management as Profession Profession can be defined as an occupation backed by specialized skill, knowledge and training. • Well-defined body of knowledge • All professions are based on a well-defined body of knowledge that can be acquired through instruction. • Management is also based on a systematic body of knowledge comprising well-defined principles based on a variety of business situations. • Restricted entry • The entry to a profession is restricted through an examination. • There is no restriction on anyone being designated or appointed as manager in any business. • Professional Association • All professions are affiliated to a professional association which regulates entry. • There are several associations of practising managers but it is not compulsory for managers to be members of such an association • Ethical Code of Conduct • All professions are bound by a code of conduct which guides the behaviour of its members. • There are several associations for managers in India that has laid down a code of conduct but it is not legally compulsory to follow the code of conduct by the managers. • Service motive • The basic motive of a profession is to render service to the clients. • However the basic purpose of management is to help the organisation achieve its stated goal. Conclusion: Management does not fulfill all the features of a profession and thus it is not a full-fledged profession because anybody can proclaim to be a manager; prescribed compulsory educational deg...

Management can be considered as a profession but it lacks certain features that make it completely in line with the characteristics of a profession. The following points will help in explaining this concept. • Management consists of well defined and a systematic body of knowledge similar to other professions. This knowledge can be acquired by practice and the principle and concepts can be applied in business situations. • Management does not have a restricted entry like for being a doctor you need to study medicine, but for becoming a manager there is no such restriction. Although there are institutes where specialization can be obtained for management that can sharpen your management skills, it is not mandatory. • There is no association or a governing body that regulates the way managers function unlike other professions like lawyers that have BAR. • The service motive of other professions is somewhat replaced by profit maximisation motive in management, or it can be said that management is dynamic in nature with interchanging service and profit motive. Also read: • • • • Learn about more questions and answers on business studies and various other commerce topics from our website.

Get Link Question:Is ‘Management’ a profession? Answer:Under profession, a man after training and long experience acquires proficiencywith which he impartially serves different sections of society. As management satisfiessome of the conditions for being a profession (like a body of specialised knowledge andtechnique, formalised methods of acquiring training and experience, priority to thefeeling of service) the other characteristics (like representative professionalassociation and code of conduct) have still not developed adequately. In India, thedevelopment of management as a profession is still in its infancy and is moving aheadgradually. Its recognition as a profession will increase in accordance with the pace of itsdevelopment. • BHU • BHU BA • BHU BA Paper Solution • BHU BVOC • BHU Foundation Day • BHU Holiday List 2023 • Brain Teaser • Business Studies • BVOC • BVOC Computer Application • CBSE • CBSE Class 10 • CBSE Class 12 English • CBSE Paper • Cbse Question • chapter 1 • Chemical Arithamatic • Chemical Reaction and Equation • chemistry • Class 10 • Class 10 Board Paper Solution • Class 10 Chemistry • Class 10 Economics • Class 10 Economics PYP • Class 10 English • Class 10 English Solution • Class 10 History • Class 10 Previous Year Paper • Class 10 Science • Class 10 Science Solution • Class 10 Social Science • class 11 • Class 11 Chemistry • class 12 • Class 12 Business Studies • Class 12 English • Class 12 Management Question • class12 • computer • computer gk...

The compilation of these Management as Profession Management, as we all know, is a sought-after profession. Managers are usually credited with the successful running of a firm. Let us see the features of management that make it a profession. How to Define a Profession? There are various features that management and profession have in common. In other words, since management displays features that come under the umbrella of a profession, it is said to be a profession. Let us dig deeper into the characteristics common to all professions: Well-defined Body of Knowledge A profession has a certain basic set of knowledge that acts as instruction and can be acquired by practice. Restricted Entry One cannot simply just enter into a profession. Instead, there are some eligibility criteria like an examination which the person needs to pass in order to enter into the professional domain. For example, in India, a person becomes a CA only after they pass the examinations conducted by the ICAI. Professional Association Every profession is further on the lookout for their respective associations. In simple words, each profession is affiliated to a body, council, or association that carries out functions like regulating entries, maintaining the code of conduct, grants certificates, and so on. For example, the Bar Council of India controls the activities of all lawyers. Ethical Code of Conduct There are certain ethics which the torchbearer of every profession has to abide by. These guide t...

Management as a profession Profession means occupation that requires specialised knowledge and a practice of formal education, which is acquired from the respective professional body. The basic features of a profession are: (i) Systematised body of knowledge A profession is based on a systematised body of knowledge. (ii) Restricted entry Entry into a profession - restricted through an examination or degree. (iii) Professional association All professionals are bound to be a part of a professional association. . (iv) Code of conduct All professionals are subject to an ethical code of conduct. (v) Service motive The basic motive of each professional is to render committed service to the society. Following points clarify whether management is a profession or not: (i) Like profession, management has well defined body of knowledge. It has its own principles, which are based on experiments. (ii) In management, no such restriction is there for managers to clear an examination or hold a degree. (iii) In management, no such rules and regulations are framed to guide the managers. (iv) Membership to a professional association like AIMA, is not mandatory for managers. (v) All managers, directly or indirectly work for the development of society. Conclusion Thus, management does not possess all the essential attributes of a profession. No doubt, management though not a full fledged profession, is emerging as a profession.

Business Studies Class 12 Revision Notes Chapter 1 Nature and Significance of Management Points to Remember 1. Management According to Marrie and Douglas, “Management is the process by which a co-operative group directs actions of others toward common goals.” Management is defined as the process of planning, organising and controlling an organisation’s operations in order to achieve the target efficiently and effectively. It is essential for all organisations. 2. Concepts of Management (i) Traditional Concept Management is the art of getting things done through others. (ii) Modern Concept Management is defined as the process (refers to the basic steps) to get the things done with the aim of achieving goals effectively and efficiently (effectiveness refers to achievement of task on time and efficiently implies optimum use of resources). 3. Characteristics of Management (i) Management is a Goal Oriented Process Organisation’s existence is based on objectives and management is the process which unites the efforts of every individuals to achieve the goal. (ii) Management is All Pervasive The use of management is not restricted, it is applicable in all organisations big or small, profit or non-profit making. (iii) Management is Multidimensional It does not contain one activity, it is a complex activity including three main activities (a) Management of house (b) Management of people (c) Management of operations (iv) Management is a Continuous Process It is a never ending process...