The document discusses the concepts of professionalization and professionalism in management. It defines a professional as someone with systematic knowledge and skills to perform responsible functions with authority. A professional manager specializes in planning, organizing, and controlling the work of others. Professional management is a discipline that managers practice by carrying out functions and tasks. Professionalization can standardize working standards and environments through skills and innovation, but professionals must not misuse their position, harm customers, and are bound by social ethics of their profession in serving customers and their firm. The document concludes that professionalization can change living standards and work standards while giving professions their own identity and ethics.