To learn the art of management and administration, it is very beneficial to have a business administration degree. Business administration degrees help in that they represent an organized and systematic body of knowledge. They also play a pivotal part in formalizing methods of acquiring knowledge and skills followed by existence of an ethical code to regulate the behavior of the members of the profession.
We hear a lot about professional managers and their contribution to the economic development of the nation. A closer examination of management as a profession reveals that unlike law or medicine, management has to go a long way to have a universally acceptable norm of behavior. There is no uniform code of conduct that governs the behavior of managers. Managers also differ widely in respect of their concern for the ethics and values of the society in which they function.
Many a time, because of obsession with profit, the societal interests are either neglected or compromised in the management profession. Business administration degree teaches future managers how to conduct themselves when the situation like this arises. It also teaches that managers are expected to set an example in doing good to the society. While making decisions, they should be conscious of the impact of their decisions on the society. According to business administration degree, the larger interests of the society must be given top priority rather than short-term temptations. After all, given the enormous resources they have at their command, the expectation that managers should address themselves to the problems of society is not unnatural.
Unlike professions like engineering, medicine, and law, entry into management positions is not restricted to individuals with a special degree. In other words, one need not necessarily possess an MBA or any other degree to practice management. According to experts, no greater damage could be done to an economy or to any society than to attempt to professionalize management by licensing managers, for instance, or by limiting access to management to people with a special academic degree.
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