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Nature And Significance Of Management

Question
CBSEENBS12003602

'Management is profession.' Give one argument in favour and against of this statement.

Solution
Argument in Favour:
Well Defined Body of Knowledge: The foremost quality of a professional is thepossession of specialised knowledge. Management has its own principles based onexperiments and which requires special competence to bring them into use. On the basis ofthis speciality, management can be accepted as a profession.
Argument in Against:
Restricted Entry: The entry to a profession is restricted through acquiring an educationaldegree. For example, a degree in Law is essential for joining the Law profession. But as far asthe management is concerned there is no such condition for being a manager. Hence, onthis basis, management cannot be accepted as a profession.