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The Quest for ProfessionalismThe Case of Management and Entrepreneurship$
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Georges Romme

Print publication date: 2016

Print ISBN-13: 9780198737735

Published to Oxford Scholarship Online: March 2016

DOI: 10.1093/acprof:oso/9780198737735.001.0001

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The Professionalization Challenge

The Professionalization Challenge

(p.18) 1 The Professionalization Challenge
The Quest for Professionalism

Georges Romme

Oxford University Press

This chapter develops the professionalization framework that is central to The Quest for Professionalism. First, the historical context of this quest is explored, and then several examples serve to point out that management currently is anything but a profession. The unresolved dispute on shareholder value maximization and multi-stakeholder management illustrates the lack of a shared sense of purpose and understanding. Subsequently, a set of definitions as well as a multi-level framework of science-based professionalization are developed. This framework identifies and connects four generative mechanisms of professionalization: purpose, knowledge, behavior, and expectations. Accordingly, professionalization involves the development and alignment of professional purpose, knowledge, behavior, and expectation of management. If one or more of these four dimensions remain underdeveloped, so will the nature and level of professionalism of management and its scholarship.

Keywords:   profession, purpose, knowledge, behavior, expectation, vocation, science-based professionalism, shareholder value, shareholder value maximization, short-termism

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