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Chapter: Principles of Management

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Management is an art or science both science and art

Management as a discipline fulfills the science criterion. The application of these principles helps any practicing manager to achieve the desired goals.


Management is an art or science both science and art


 

Management as a Science

 

The following characteristics are essential for a subject to be recognized as a Science.

 

                        The existence of systematic body of knowledge with an array of principles

 

                        Based on Scientific enquiry

 

                        Principles should be verifiable

 

                        Reliable basis for predicting future events

 

Management as a discipline fulfills the science criterion. The application of these principles helps any practicing manager to achieve the desired goals.

 

Science can be classified into two types they are:

 

                        Exact Science

                        Inexact Science

Exact Science:

 

In this the results are Accurate. There is no scope for the probability.

 

In-Exact Science:

 

                        Every organization human resources are different in attitude, aspirations and perceptions. So standard results may not be obtained.

 

                        Readymade and Standard Solutions cannot be obtained.

 

                        Management is complex and Unpredictable.

 

                        Every organization decisions are influenced by the environment. The environment is so complex and prone to unexpected changes.

 

Management as a Science

 

Art means application of skjill in finding a desired result. Art is the way of doing things skillfully. Management is an art because of the following facts.

 

                        Management process involves the use of practical knowledge and personal skill.

 

                        Management is creative.

 

                        Application of practical knowledge helps to achieve concrete result

 

Management as both Science and Art

 

“Management is a science because it contains general principles. It is also an art because it requires certain personal skills to achieve desired results.”

 

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