Is 'Management' a full fledged 'profession'? Give any three reasons in support ofyour answer.

(i) 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 as themanagement is concerned there is no such condition for being a manager. Hence, on this basismanagement cannot be accepted as a profession.

(ii) Professional Association: The profession must have a representative professionalassociation which performs the following important functions:

(a) To regulate entry, (b) To grant certificate of practice, and (c) To create a code of conduct forguiding the activities of the profession.

In India, Representative Professional Associations with regard to other professions have alreadybeen established. There are representative professional associations like the Bar Council of Indiafor Lawyers; Medical Council of India for Doctors; Institute of Chartered Accountants forChartered Accountants, etc. For managers. All India Management Association (A1MA) has beenestablished. But it is not essential to be a member of the AIMA in order to be a manager.Therefore, on this basis management cannot be accepted as a profession.

(iii) Ethical Code of Conduct: Members of a profession are bound to follow a code ofconduct. By Code of Conduct, we mean the rules and regulations framed to guide the behaviourof professionals. The code of conduct of already recognised professions like Law, Medical andChartered Accountant, etc. have already been prescribed but no such code of conduct has beenlaid down in connection with management. On this basis it can be asserted that management isnot at all a profession.