Entrepreneurs and professional managers are the two sides of the coin. Their individual itineraries will make the difference between success and failure for the enterprise.  An effective entrepreneurial strategy should be an integral part of an enterprise’s competitive positioning. The progressive development in the size of business and the separation of ownership and management in enterprises has made management a distinct profession. Although both strive to achieve the similar goals they are said to distinguish themselves in varied measures. 

 

According to the Sakha Committee on Company Law “A professional manager is an individual who  i. belongs to the profession of law, accountancy, medicine, engineering or architecture, or  ii.  is a member of a recognised professional body or institutional body exercising supervisory jurisdiction over its members, or  iii. is a holder of a degree or diploma in management from any recognised university and possesses not less than five years’ experience in an executive capacity in a company, corporation or in the government”; or possesses minimum of ten years’ experience in the same capacity and in the same institutions mentioned in the third category. 

 

A professional manager is one who specializes in the work of planning, organizing, leading and controlling the efforts of others by the systematic used of classified knowledge and principles. He subscribes to the standards of practice and code of ethics established by a recognized body. To be a professional manager he should.

 

By: Jennifer D. Quiles | Teacher II | BNHS – SHS