Management as profession

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Management as profession

  1. 1. Management as ProfessionPresentation on :Module: 1Management as a Profession
  2. 2. Our perceptions….
  3. 3. Management as Profession Existence of Knowledge Acquisition of Knowledge Professional Assosiation Ethical codes Service Motive
  4. 4. Management as ProfessionManagement as Emerging Profession:Reiss: classification…1. Old established professions2. New-Professions3. Semi-professions4. Would –be professions5. Marginal professions
  5. 5. Professional Approach in Managemento Commitmento Application of modern Management toolso Team approacho Preparedness to accept changeo Preference to competenceo Optimization-Oriented (Decision Making)o Responsive to the society
  6. 6. Professionalization of Management in IndiaProfessional Management has become a glamorous incorporate management in India All India Management Association Concept: PM (Professional Management) Synonymous for progress Efficient feeling Fascination and pride Crazy of title Traditionally-managed sector Professional-managed Sector
  7. 7. Traditionally-Managed Sector“Family management with a traditional Values” 1.Ownership & Control in family (Close-knit group tied with family relationship) 2.Maximising the profits (Exploitation of weaker section)
  8. 8. Traditionally-Managed SectorSumantra Goshen: “Entrepreneurs have enjoyed the fastest growth so far but this isnot sustainable because much of this growth has come at the costof destroying value….The Indian private sector largely dominatedby family capitalism, must change to adopt the governancemechanisms of modern corporations.”PSUManagers are from the Civil Servants ,Military personnels andpoliticians …who do not have commensurate professionalcompetency
  9. 9. Professional-Managed SectorThe number of organization falling in this category both inPrivate sector as well as in Public Sector in IndiaFor Ex:Private: HLL, ITC Ltd, Infosys Ltd, Wipro, Tata Iron, Tata SteelTELCO, so on…Public : BHEL, ONGC, IOCL,These managers are comparing themselves with theircounterparts of western countries in terms of application ofModern management techniques, attitudes towardsmanagement practices and developing management concepts
  10. 10. Reasons for adopting: International impact Professionalization of mangement in certain sector been became compulsion Above two factors generated need for Professionalization,After 2nd Five Year Plan there has been increase emphasis onmanagement EducationIIMA, IIMB, IIMC.HYD: ISB..IBS…
  11. 11. Thank You…Management as ProfessionAliga RajuAssistant ProfessorESCI SPGS

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