Management fulfills several essentials of a profession

Management fulfills several essentials of a profession - f....

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Management fulfills several essentials of a profession, even then it is not a full fledged profession because: - a. It does not restrict the entry in managerial jobs for account of one standard or other. b. No minimum qualifications have been prescribed for managers. c. No management association has the authority to grant a certificate of practice to various managers. d. All managers are supposed to abide by the code formulated by AIMA, e. Competent education and training facilities do not exist.
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: f. Managers are responsible to many groups such as shareholders, employees and society. A regulatory code may curtail their freedom. g. Managers are known by their performance and not mere degrees. h. The ultimate goal of business is to maximize profit and not social welfare. That is why Haymes has rightly remarked, The slogan for management is becoming - He who serves best, also profits most....
View Full Document

This note was uploaded on 11/25/2011 for the course MANAGEMENT mg101 taught by Professor - during the Fall '09 term at Montgomery.

Ask a homework question - tutors are online