Question

"Management is regarded as an Art by some, as Science or as an inexact Science by others. The truth seems to be somewhere in between." In the light of this statement, explain the true nature of management.

Answer 1

Management is considered both as an art as well as a science because:

1. Management has a systematic body of knowledge as in science and art.

2. Management principles are based on repeated experiments as in science.

3. Management requires personalized application as in art.

4. Management is based on practice and creativity as required in art.