Management as Art or Science
Management as Art or Science By nature of the management we imply here whether management can be regarded as a science or as an art or both. Management as a Science- Science is the systemized body of knowledge pertaining to a particular field of enquiry. Such systemized body of knowledge contains concepts, hypotheses, theories, experimentation, and principles. Being systematic means being orderly and unbiased. The attempt to gain knowledge must be without taint of personal or other prejudgment. The various concepts and principles are developed through deductive and inductive approaches. Under deductive approach, generalizations are made from a universal truth on the basis of logical reasoning and sequential extension of that logication of events and facts and verifying these facts through continued observations. The wo approaches are mutually complimentary because scientists look for casual relationship of a particular Phenomenon. When the generaliza...