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Explain the features of management that do not establish it as a profession.
Explain the features of management that do not establish it as a profession.
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The features of management that do not establish it as a profession are mentioned below:
Restriction to entry: The entry to a profession is defined through a prescribed capacity. But there is no constraint on anyone being elected as a manager in any trading concern.
Professional association: All the professions are affiliated to a professional organisation which controls entry and grants certificate of practice. There is no requirement for managers to be members of such a corporation.
The ethical code of conduct: All professions are bound by a code of conduct which supervises the behaviour of its divisions. AIMA has regulated code of conduct for the Indian managers; however, there is no lawful advocacy for this code.
Service motive: The idea of a profession is service to their client’s businesses by providing applied and bound service. The fundamental purpose of management is to help the business achieve the declared goal, which may be profit maximisation. Nevertheless, profit maximisation as the goal of management does not hold valid and is quickly changing.