Good information for POM

1. Management as Profession
Presentation on :
Module: 1
Management as a Profession

3. Our perceptions…
.

4. Management as Profession
 Existence of Knowledge
 Acquisition of Knowledge
 Professional Assosiation
 Ethical codes
 Service Motive

5. Management as Profession
Management as Emerging Profession:
Reiss: classification…
1. Old established professions
2. New-Professions
3. Semi-professions
4. Would –be professions
5. Marginal professions

6. Professional Approach in Management
o Commitment
o Application of modern Management tools
o Team approach
o Preparedness to accept change
o Preference to competence
o Optimization-Oriented (Decision Making)
o Responsive to the society

7. Professionalization of
Management in India
Professional Management has become a glamorous in
corporate 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

8. 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)

9. Traditionally-Managed Sector
Sumantra Goshen:
“Entrepreneurs have enjoyed the fastest growth so far but this is
not sustainable because much of this growth has come at the cost
of destroying value….The Indian private sector largely dominated
by family capitalism, must change to adopt the governance
mechanisms of modern corporations.”
PSU
Managers are from the Civil Servants ,Military personnel's and
politicians …who do not have commensurate professional
competency

10. Professional-Managed Sector
The number of organization falling in this category both in
Private sector as well as in Public Sector in India
For Ex:
Private: HLL, ITC Ltd, Infosys Ltd, Wipro, Tata Iron, Tata Steel
TELCO, so on…
Public : BHEL, ONGC, IOCL,
These managers are comparing themselves with their
counterparts of western countries in terms of application of
Modern management techniques, attitudes towards
management practices and developing management concepts

11. 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 on
management Education
IIMA, IIMB, IIMC.
HYD: ISB..IBS…

12. Thank You…
Management as Profession
Aliga Raju
Assistant Professor
ESCI SPGS