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Science & art (2) 2
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Science & art (2) 2

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  • 1. Management : A Science or An Art
  • 2. Management as a Science
    • Meaning :
    • Science refers to that systematic body of knowledge which is acquired on the basis of observation and experiments and verification of this knowledge is possible.
  • 3. Definition:
    • “Science is a systematized body of knowledge which establishes relationship between cause and effect.”
    • -Keynes
  • 4. Testing of Mgt. as a Science
    • Systematized Body of Knowledge
    • Based on collection of Facts, Analysis & Experiments
    • Universal Application
    • Cause and Effect Relationship
    • Verification of Validity and Prediction of Results Possible
  • 5. Management as an Art
    • Meaning :
    • Art refers to the skill to put into action, a systematic body of knowledge, for the achievement of a specific task.
  • 6. Definition :
    • “Art is bringing about of a desired result through application of skill.”
    • -G.R. Terry
  • 7. Testing of Mgt. as an Art
    • Personal Skill
    • Practical Knowledge
    • Concrete Result-Oriented Approach
    • Development Through Practice
    • Creative Power
  • 8. Management as a Profession
    • Meaning :
    • It is an occupation for which specialized knowledge, skills and training are required and the use of these skills is not meant for self satisfaction but these are used for larger interests of the society and the success of the use of these skills is not measured in terms of money alone.
  • 9. Characteristics:
    • Existence of knowledge
    • Acquisition of knowledge
    • Professional Association
    • Ethical Codes
    • Service motive
  • 10. Testing of Mgt. as a Profession
    • Body of Specialized Knowledge & Technique.
    • Formalized Methods of Acquiring Training & Experience
    • Establishment of Representative Professional Association
    • Code of Conduct
    • Priority of Service over Economic Consideration