PROFESSIONALISM :

PROFESSIONALISM Professionalism is actually the process by which given occupation become

professions in the sense of attaining professional status. OR The expertness characteristic of a
professional person.

ELEMENTS OF PROFESSIONALISM :

ELEMENTS OF PROFESSIONALISM ALTRUISTIC ACCOUNTABILITY EXELLENCE HONESTY/INTEGRITY

DUTIFUL RESPECT TO OTHER

1.ALTRUISTIC: Showing unselfish concern for the welfare of others

2. ACCOUNTABILITY Responsibility and Reliability

3.EXELLENCE Knowledgeable Skilful Competency to retrieve and handle information Appropriate

decision making skills Competency in skills of communication

4. Honesty/ Integrity The quality of being honest Moral soundness Undivided or Unbroken

5. Dutiful Appreciation of the role Aptitude for personal development

6. Respect to others

Professionalism in Business :

Professionalism in Business Health and Hygiene Personal Image-First Impressions REALLY Count!
Appearance and Dress Etiquette and Manners Always use the magic words: PLEASE and THANK YOU
Be on time Keep your promises Respect people and be courteous Follow up with thank-you notes
Return all phone calls Call ahead to confirm appointments

FAMILY ENTREPRENEUR :

FAMILY ENTREPRENEUR A family entrepreneurship is defined in terms of: Ownership control by

members of a family Strategic influence of a family in the management of the firm Concern for
family relationship The dream of continuity across generation

PROFESSIOANLISM VS. FAMILY ENTREPRENEURS :

PROFESSIOANLISM VS. FAMILY ENTREPRENEURS

1. DEGREE OF OPEN MINDEDNESS: Professional are open minded, receptive to new ideas, ready to
experiment. While family entrepreneurs generally lack this.
2. NEW PRACTICES: Include Quality certification, Participative Mgmt., Change in working style,
financing pattern. Professional are always leaders in adopting them, experimenting with them. While
there is lack of this attitude in family entrepreneurs

3. IMPARTIAL HRM: Professionals do not show partiality towards any particular gender. But family
business houses employ their relative or friends or people belonging to same social caste in
responsible position.

4.ORGANIZATION ORIENTED FINANCIAL MANAGEMENT: Professionals tend to make financial

decision in the way which is best for the organization. But family entrepreneurial firms give first
priority to their familiar concern & interests.

5.DECISION MAKING STYLE: The decision making process in professional run organization tends to be
qualitative better & vision to be broader. It is mostly participative. While in family run businesses is
more autocratic in nature. Here it is mostly owner entrepreneur himself or herself who makes the
decision sometimes with the help of his family members or friends.