Aman, Ahmad and Ally are partners in a firm engaged in the distribution of dairy products in Maharashtra state.
Aman, Ahmad and Ally are partners in a firm engaged in the distribution of dairy products in Maharashtra state. Aman is a holder of Senior Secondary School Certificate from Central Roald of Secondary Education with Business Studies as one of his elective subjects. Ahmad had done his post graduation in History and Ally in Dairy Farming. One day their was a serious discussion between Ahmad and Ally regarding the nature of management, Ahmad argued that management was a profession whereas Ally argued against it saying that the legal and medical profession are the only professions because they fulfill all the conditions of a profession. Aman on the basis of his knowledge of business studies explained the nature of management as a profession to Ahmad and Ally.
Explain, how Aman would have satisfied both Ahmad and Ally?
1 Answers
Aman would have satisfied both Ahmed and Ally by explaining the following features of Management as a Profession:
(i) Well-defined body of knowledge: All professions are based on a well-defined body of knowledge that can be acquired through instructions. Management too is based on a systematic body, of knowledge comprising well defined principles. This feature of profession is present in the management.
(ii) Restricted entry: The entry to the above stated profession is restricted through a prescribed qualification. But there is no restriction on anyone being appointed as a manager in any business enterprise. So, presently this feature of profession is not present in the management.
(iii) Professional association: Legal and medical professions are affiliated to a professional association like bar council and medical council which regulates entry, grants certificate of practice and formulates and enforces a code of conduct. There are several associations of practising managers in India, like the AIMA that has laid down a code of conduct to regulate the activities of their members. There is, however, no compulsion for managers to be members of such an association. So, presently this feature of profession is not present in the management.
(iv) Ethical code of conduct: Legal and medical professions are bound by a code of conduct which guides the behaviour of its members. AIMA has devised a code of conduct for Indian managers but there is no statutory backing for this code. So, presently this feature of profession is not present in the management.