of books and journals. The subject of management is taught at different institutions. Some of these have been set up with the specific purpose of providing management education such as Indian Institutes Management (IIMs) in India. Entry to different institutes is usually through an examination.
(ii) There is no restriction on anyone being designated or appointed as manager in any business enterprise. Anyone can be called a manager irrespective of the educational qualifications possessed. Unlike professions such as medicine or law which require a practicing doctor or lawyer to possess valid degrees, nowhere in the world is it mandatory for a manager to possess any such specific degree. But professional knowledge training is considered to be a desirable qualification, since there is greater demand for those who possess degrees or diplomas from reputed institutions.
Therefore, as such the second criterion has not been strictly met. (iii) There are several associations of practising managers in India, like the AIMA (All India Management Association) 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 nor does it have any statutory backing. (iv) The basic purpose of manage- ment is to help the organisation achieve its stated goal.
This may be profit maximisation for a business enterprise and service for a hospital. However, profit maximisation as the objective of management does not hold true fast changing. Therefore, if an organisation has a good management team that is efficient and effective it automatically serves society by providing good quality products at reasonable prices.