No, management does not possess all the characteristics of a full fledged profession. 

The reasons are as follows. 

1. Well-defined Body of Knowledge: All professions are based on a well-defined body of knowledge that can be acquired teaching – learning process. This feature of a profession is possessed by management as well. There is vast knowledge available on management in the form of definitions, concepts, theories, principles etc.

All professions have a restriction for the entry of its practitioners.

They have to acquire a specific degree to be a professional e.g., LLB for a lawyer, MBBS for a doctor etc. But a manager can be either MBA qualified or not.

2. Professional Association: All professions are affiliated to a professional association which regulates entry, grants certificates of practice and formulates a code of conduct.

e.g., All lawyers have to be a member of the Bar Council to practice law. It is not compulsory for all managers to be a member of AIMA.

3. Ethical Code of Conduct: All professions are bound by an ethical code of conduct which guides the behaviour of its members. But as it is not compulsory for all managers to be members of AIMA, they all may not be aware of the prescribed code of conduct of AIMA.

4. Service Motive: The basic motive of a profession is to serve their client’s interest, e.g., for lawyers to get justice for their clients, doctors to treat the patients etc. All managers also work in a manner where by they show their effectiveness and efficiency in the form of good quality goods provided to the customer at a reasonable price.

Thus, management possesses some of the characteristics of a profession but not all of them.