CBSE Class 12 Business Studies 2016 Outside Delhi set 2

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Question : 4
Total: 7
Explain the features of management that do not establish it as a profession.
Solution:  
Features of management that do not establish it as a profession are:
(i) Restriction to entry: The entry to a profession is restricted through a prescribed qualification. But there is not restriction of anyone being appointed as a manager in nay business enterprises.
(ii) Professional association: All professions are affiliated to a professional association which regulates entry, grants certificate of practice. There is no compulsion for managers to be members of such as association.
(iii) Ethical code of conduct: All professions are bound by a code of conduct which guides the behaviour of its members. AIMA has devised a code of conduct for Indian managers but there is no statutory backing for this code.
(iv) Service motive: The motive of a profession is to serve their client's interests by rendering dedicated and committed service. The basis purpose of management is to help the organisation achieve its stated goal which may be profit maximisation. However, profit maximization as the objective of management does not hold true and is fast changing. So presently this feature of profession is not fully present in management.
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