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Management Concepts & Organisational Behaviour - Nature Of Management

Professionalisation of Management in India - Nature Of Management

   Posted On :  17.05.2018 07:32 am

In the last few years, management as a profession has gained a firm footing in India.

Professionalisation of Management in India
 
 
In the last few years, management as a profession has gained a firm footing in India. The awareness about the contributions of professional managers has been increasing. Consequently, there has been a manifold increase in the number of institutes offering MBA and related diploma courses resulting in a phenomenal increase in the number of students seeking admission into the management programs. Interestingly, the awareness of the society of the importance of professional education for the management of various sectors also is growing. Forexample, the specialized programs to cater to the specific needs of the sectors like Hotel and Tourism Industry, Transport, Health care, Foreign trade, etc.
 
The following factors are, among others, seem to be responsible for the growing demand for professional managers:
 
1. The liberalization of the Indian economy opened up new vistas for the Indian organizations.As a consequence, competition has increased in all the sectors of the economy, forcing the firms to be efficient;
            
2. Private industrial houses which were indifferent before, have fully realized the need for professional managers. While the promoters in many cases still reserve the policy formulation for themselves, the day-to-day managerial activities are entrusted to the professional managers. The Murugappa Group’s infusion of professional managers, rather than family-based experts, into the top posts is case in point.
 
            
3. Public sector undertakings are also, of late, forced to perform, if the number of Memorandum of Understandings (MOUs) signed by the managements of PSUs and the concerned ministries of the Government is any indication. As a result, qualified managers are sought after by PSUs than ever before.
 
            
4. Apart from the manufacturing concerns, public utilities like transport, telecommunications, and a host of service organizations like banking, insurance, tourism and healthcare are recruiting professional managers in a big way than ever before. The campus visits by scheduled banks [in both private and public sector] stand as a testimony to what is in offing to the demand for professional managers.

 

Tags : Management Concepts & Organisational Behaviour - Nature Of Management
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