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Management As A Profession

Management is a universal phenomenon that directs group efforts towards predetermined goals. It can be defined as a process, activity, discipline, group, science, art, or profession. As a profession, management requires specialized knowledge, formal training and experience, a professional association to regulate members and promote ethical standards, and priority of service over economic interests. However, management is not fully considered a profession because entry into management jobs is not restricted by standardized qualifications, minimum qualifications for managers are not prescribed, and competent education and training facilities do not universally exist for the profession. Managers are often judged based on their performance rather than degrees or certifications alone.

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1K views10 pages

Management As A Profession

Management is a universal phenomenon that directs group efforts towards predetermined goals. It can be defined as a process, activity, discipline, group, science, art, or profession. As a profession, management requires specialized knowledge, formal training and experience, a professional association to regulate members and promote ethical standards, and priority of service over economic interests. However, management is not fully considered a profession because entry into management jobs is not restricted by standardized qualifications, minimum qualifications for managers are not prescribed, and competent education and training facilities do not universally exist for the profession. Managers are often judged based on their performance rather than degrees or certifications alone.

Uploaded by

sijo123
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPTX, PDF, TXT or read online on Scribd
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Management as a Profession

Click to edit Master subtitle style Danta Thomas Daiju Alex

4/28/12

Management
Managementis a universal phenomenon. It is an art of creating an environment in which people can perform and individuals and can co-operate towards attainment of group goals According toF.W. Taylor, Management is an art of knowing what to do, when to do and see that it is done in the best and cheapest way. Management is a purposive activity. It is something that directs group efforts towards the attainment of certain pre - determined goals. 4/28/12

Objectives of Management

Proper utilization of resources

The proper use of men, materials, machines and money will help a business to earn sufficient profit
Improving performance

Management should aim at improving the performance of each and every factor of production
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Mobilizing best talent

There should be a proper environment which should encourage good persons to join the enterprise.
Planning for future

Future plans should take into consideration what is to be done next. Future performance will depend upon present planning
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Management can be defined in detail in following categories :


Management as aProcess Management as anActivity Management as aDiscipline Management as aGroup Management as aScience Management as anArt Management as aProfession
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Management as a Profession
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.

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Essentials of a Profession
Specialized Knowledge and Technique It

has an organized body of knowledge build up by management practioners, thinkers and philosophers.

Formalized methods of acquiring

trainings and experience- To impart management education and training

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Establishment

association-

of

professional

a) To regulate the behavior of members b) To create a code of contact for guiding the activities of profession c)To promote the image of management as a profession.
Code of conduct It provides rules and

regulations, norms of honesty, integrity and professional morality.

Priority

of service over economic considerations-Involves the application of 4/28/12 expert knowledge for the service of the

Conclusion Management fulfills several essentials of a profession, even then it is not a full fledged profession because: It does not restrict the entry in managerial

jobs for account of one standard or other.


No

minimum qualifications prescribed for managers. not exist.

have

been

Competent education and training facilities do Managers are known by their performance

and not mere degrees.

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