Mr Nitin Singhania's father deals in the business of iron and steel. His father wishes that his son should join the family business but he wants to go to the USA for pursuing MBA. On the basis of emerging trends, what should he do? Give three reasons in support of your answer.

Explanation

As per the emerging trends, Mr Singhania should first earn his degree before joining and managing his family business with his father Hence, he should go to USA for his MBA because management is now developing as a profession because of the following reasons
It has a well defined body of knowledge consisting of principles and concepts
(ii) Though there are no restrictions on entry into the profession. Even if Nitin wants to join his family business the qualification would help him to manage his business efficiently and effectively
(iii) The aim of all managers is to fulfil the service motive towards society.