The basic features of management as a profession are:

• Management is based on a systematic concept of a well-defined body of knowledge consisting of principles and theories. This knowledge can be attained through colleges, institutes, and books.

• Management is related to certain professional associates that regulate the functions of its members. It is not mandatory for every member to be a part of any such association.

• It is not compulsory to have any specific qualification or degree to become a manager. But, a degree in management is preferred. This puts a restriction on the entry of people in the management.

• Management has to follow a professional code of conduct that guides the people for their ethical behavior. This helps to ensure efficiency and effectiveness of the production process.