Management satisfies the following criteria for it to be called an art:
i. Existing literature: All art forms such as music, dance, etc., pre-suppose a defined body of knowledge and literature. Similarly, management also has a lot of literature for theoretical knowledge and learning.
ii. Dynamic application: Art is the personalised applicability of existing knowledge. That is, each individual uses the basic knowledge in his own creative way.
iii. Practice and creativity: Art involves practice and innovation. Artists use the existing literature as per their own creativity and interpretation of the literature.