gnasjf1 dfdBusiness 11456 Dis. Section 022 04 October 2013 vato loco, S. D. (2010). The Hippocratic Oath of the Manager: Good or Bad Idea?, 56, pp. 1-5 “No matter what school of thought, management remains the cornerstone of organizational productivity and progress. Simply put, without it, entrepreneurship could never flourish, organizations would flounder, and resources would be squandered.” (pp. 1-2) • Peter F. Drucker, a philosopher of management, defines management as a discipline and a practice designed to produce effective results. • Organizations strive to create the best value for all of its stakeholders. This goal creates competition and competition fuels the need for management. • The stakeholders of an organization are managers, employees, educators, policy makers, owners, investors, suppliers, and customers. • In order for an organization to be exceptionally successful it is important to perceive all of the stakeholders as partners. “Regardless of the trend, at the center of any enterprise is its purpose – usually created, defined, and mobilized by an entrepreneur and grown by the manager.” (p. 2) • Each stakeholder may have a different role when it comes to running an organization, but they need each other to reach their full potential as a company. • The entrepreneur is the person who comes up with ideas and the manager makes sure that goals are met efficiently. “Properly defined, a 'profession' is an occupation that requires significant study, preparation, and specialization of a particular field.” (p. 2) • The question is whether or not management is a profession. Considering the definition in the quote above of what a profession is, management is certainly a profession. It requires significant study of a wide field of knowledge much the same as any other profession. “Where the Harvard management professors assert that the MBA should be a professional license to practice management, Skapinker counters this idealism with a dose of reality...