What is meant by management? Explain its any three features that establish it as an art.
Management is the process of designing and maintaining an environment in which individuals, working together in groups, efficiently achieve selected aims.
It is true that management is an art because of the following reasons:
(i) It has a systematised body of knowledge consisting of principles, concepts and vocabulary which forms the basis of the art.
(ii) The practice of management principles differs from indivdual to individual, giving rise to different styles of management.
(iii) Management involves practice and creativity for finding solutions to complex managerial problems.