Question

Write short notes of the following.

Management as a Science

Answer 1

As a science, management fulfills the following criteria:
i. Systematic body of knowledge: Science has a specified body of knowledge, which is based on the cause and effect relationship. Similarly, management has its own body of theories and principles that were developed over the years.

ii. Theories based on experimentation: In science, the principles and theories are based on continuous observation and experimentation. Similarly, the principles of management have also evolved over several years based on repeated observations and experiments. However, as against science, in management, no exact cause and effect relationship can be established.

iii. Universal validity: In science, the principles have universal validity. In management too, the theories and principles are valid to some extent.