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Professionalisation of Management in India - Nature Of Management
Management Concepts & Organisational Behaviour - Nature Of Management
Professionalisation of Management in India - Nature Of Management
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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:
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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