Is Management an Art?

Management as an Art: Is management an art? Art is defined as the use of skills to bring a desired result. Skills refer to practical ability or expertness required for doing something. Thus, art has following features: Practical Knowledge: Knowledge refers to possession of facts and techniques of a particular…

Is Management a Science?

Management as a Science: Science is the body of systematized knowledge generated through logical consistency, critical evaluation and experimental study. Thus, science has following features Systematized Body of Knowledge: Science is systematized body of knowledge. Principles of science are based on definite cause-effect relationship, that is, a particular factor has…

MANAGEMENT IS SCIENCE OR ART

MANAGEMENT IS SCIENCE OR ART There has always been a conflicting view about management whether it is a science or an art. Some management experts say that management is a science whereas some say that management is an art and some other says management is both a science and an…

Nature of Management

The nature of management are: Management is a Universal Process:  Management is universal. It is relevant in all types of organisations either business or non-business. It is relevant throughout the world. Factor of Production:  Good management system is essential for the proper utilization of resources. So it is also considered…

DIFFERENCE BETWEEN MANAGEMENT AND ADMINISTRATION

MANAGEMENT vs ADMINISTRATION: DIFFERENCE BETWEEN MANAGEMENT AND ADMINISTRATION In the initial level of management development, both management and administration were used synonymously. However, Oliver Sheldon made distinction between management and administration in 1923 by stating that “administration is a decision function while management is an executive function.” Since then, the…

SCOPE OF MANAGEMENT

WHAT ARE THE SCOPE OF MANAGEMENT? SCOPE OF MANAGEMENT Scope of management specifies the organisational functions in which management is relevant. Organisational functions differ from organisation to organisation depending on their nature while functions of management are the same in all the organisations. In a business organisation, organisational functions are…