What are the attributes of a profession? Is management a profession? Is it necessary for every business to have a professional management?

What are the attributes of a profession? Is management a profession? Is it necessary for every business to have a professional management?
Attributes of a Profession

1. Existence of an organized and systematic knowledge
2. Formalized methods of acquiring training and experience
3. Existence of an professional association
4. Existence of ethical code for professional conduct
5. Charging of fees based on services

Management is also not a profession in the true sense of the word since entry into professional management does not require any formal qualification in management. This is in contrast to medical or law profession where basic qualification is a must.