Nature and Significance of Management
This statement is true as management contains all the features of science. But it cannot be calleda perfect science like physics and chemistry. The reason for this is that the subject-matter ofmanagement is the ‘human being’ whose behaviour is continuously changing. Because of thisfeature, no permanent principles like the principles of physics and chemistry can be enunciatedfor it. Therefore, management is known as social science and not the perfect or physical science.
In simple words, an art means to apply the available skill to bring the desired results. The samething is also available in management. A manager tries to achieve the objectives through theapplication of his/her skill. On this basis, it can be said that management is an art.
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Explain any five features of management.
Explain, in brief, ‘management’ as an activity.
How is Management a 'Goal Oriented Process'?
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