These are the days where we hear a lot about professional managers and their contribution to the economic development of the nation.
Management as a Profession
These
are the days where we hear a lot about professional managers and their contribution
to the economic development of the nation. Therefore, it is appropriate to know
whether management is a profession. McFarland gives the following
characteristics of a profession:
1. existence of an organized and systematic body of knowledge,
2. formalized methods of acquiring knowledge and skills,
3. existence of an apex level body with professionalization as its goal,
4. existence of an ethical code to regulate the behaviour of the members of the profession,
5. charging of fees based on service, and
6. concern for social responsibilities.
A closer examination of
management as a profession reveals that unlike medicine or law, management has
to go a long way to attain universally acceptable norms of behaviour. There is
no uniform code of conduct that governs the behaviour of managers. The apex
level body, the All India Management Association (AIMA) or NIPM [National
Instituteof Personnel Management] provides only guidelines
and does not have any controlling power over the erring members. Managers also
differ widely in respect of their concern for the ethics and values of the
society in which they function. Many a time, in their obsession with profit,
the societal interests are either neglected or compromised. However, as in the
case of other professions, it is implied that managers are expected to set an
example in doing good to the society. While making decisions, they should be
conscious of the impact of their decisions on the society. The larger interests
of the society must be given top priority rather than short-term temptations.
After all, given the enormous resources they have at their command, the
expectation that managers should address themselves to the problems of society
is not unnatural. It must, however, be remembered
that unlike professions like engineering, medicine, law, accountancy, etc., the
entry to management profession is not restricted to individuals with a special
degree. In other words, one need not necessarily possess M.B.A or any other
management degree or diploma to practice management. To quote Peter Drucker, “no
greater damage could be done to an economy or to any society than to attempt to
professionalize management by licensing managers or by limiting access to
management to people with a special academic degree”. In spite of the growing number of
management institutes and the large number of people trained in the management,
it is an irony that we still hear the debate - “whether managers are born or made”. The successes achieved by a
few visionaries and great entrepreneurs are often sighted in support of the
argument. It is true that many founding fathers of the industry in India and
elsewhere too did not study management in the formal way. The native wisdom
coupled with their vision in understanding the market and organizing the
enterprises helped them earn name and fame. Huge industrial empires were built
with sheer business acumen and commonsense. The Marwaris and Parsees in the
north and Chettiars, and Naidus in the south India, the Jews in the west and
the Samurai community in Japan, for instance, offer a classic example of such
success stories. The successes achieved by the pioneers in these cases amply
demonstrate that success in business requires much more than academic degrees. At the same time, it may be
realized that the achievements of the pioneers of the industrial development
need not shadow the importance of management as a profession. In arguing for and
against, we must not ignore the context of the business. There has been a sea
change in the environment of the business. The modern business has become more
complex due to the uncertainties arising mainly from: 1. Ever increasing competition for
the markets not only domestic but international as well; 2. Rapid technological changes affecting all facets of
human life; 3. Increased sophistication and rapid obsolescence of
technology; 4. Expansion in the size of
organizations and consequently the market, and 5. The unexpected changes in the
socio-cultural and political factors influencing the business. All these variables which have a
significant bearing on the functioning of a business point to the need for
formal training and acquisition of skills by pursuing management education.
More so, at a time when people are talking about “borderless management” in the
context of globalization of business. Tags : Management Concepts & Organisational Behaviour - Nature Of Management
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