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Give the factors mainly responsible for the growing demand for professional managers.

Give the factors mainly responsible for the growing demand for professional managers.

Answers

Kavungya
- The liberalization policies pursued by the government opened up new challenges for the Kenyan organizations;
- As a consequence, competition has increased in all the sectors of Indian economy, forcing the firms to be efficient;
- Private industrial houses, which were indifferent before, have fully realized the need for professional managers. While the promoters in many cases still reserve the policy formulation for themselves, the day-to-day managerial activities are entrusted to the professional managers.
- Public sector undertakings are also, of late, forced to perform, if the number of memorandum of understandings (MOUs) signed by the management's of Public Sector Undertakings (PSU’s) and the concerned ministries of the Government is any indication. As a result, qualified managers are sought alter by PSU's than ever before.
- Apart from the manufacturing concerns, public utilities like transport, telecommunications, and a host of service organizations are recruiting professional
managers in a big way.
Kavungya answered the question on March 26, 2019 at 11:14

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