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Professionalism of management in India is nowadays being a very strong case. And it is because it defines the duties and responsibilities of managers precisely. Professionalism will improve the the quality of management education and training. With this step the young talents will get opportunity and they will be attracted to adopt management as a career. Professionalisation of management would improve the status and prestige of managers. The impression that the managers are only interested in wealth maximization of wealth would be removed from the minds of the people. Business environment will be changing in the near future and will become more challenging because of innovations, and changes in economies. Only professional managers will be able to meet the challenges.
Besides the above factors others factors are also their which have contributed to the move of professionalization of management in India.
First, the growth of private sector has to the unexpected extent and it is emerging more than the public sector.
Secondly, public sectors have given an honorable place to professional managers in the govt. industries.
It has been realized that management has been the key factor in the development of the economy. The expectations of the people from the business have changed and they have found the ways to express their expectations.
No business enterprise can perform its social obligations unless it is managed by professional manager
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