Science is a body of systematized knowledge, which establishes a relationship between cause and effect. Such systematized knowledge contains concepts, hypotheses, theories, experimentation and principles. Mere knowledge or collection of facts is not science.
Main Features of a Science as applied in Management are as follows:
Although management has been recognized as a science, it is not exact like the biological and physical sciences. It falls in the area of ‘Social Science’ as it is a social process and deals with complex human beings. The theories and principles of management are situation bound. It may produce different results in different situations. That is why Ernest Dale has called management a ‘SoftScience’.
Art implies to the technique of applying the principles to actual practice so as to achieve the desired results with efficiency. An art may be defined as personalized application of general theoretical principles for achieving best possible results.
An art has the following features which are applied in management as follows:
Thus, we can say that management as an art therefore it requires application of certain principles rather it is an art of highest order because it deals with molding the attitude and behavior of people at work towards desired goals.
A profession may be defined as an occupation that requires specialized knowledge and intensive academic preparations to which entry is regulated by a representative body. The essentials of a profession are:
From the forgoing discussion, it is quite clear that management fulfills several essentials of a profession, even then it is not a full-fledged profession because: –
The ultimate goal of business is to maximize profit and not social welfare. That is why Haymes has rightly remarked, “The slogan for management is becoming – ’He who serves best, also profits most’.”
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