Management is ‘Science’ as well as ‘Art’

(viii) Management is ‘Science’ as well as ‘Art’: Management is Science because it has developed some principles, which are universally applicable. But the results of the Management is totally depends upon the personal skills of the Managers, which shows that, Management is an Art. The art of the manager is essential to make the best use of management science. It should however be noted that Management is an inexact science or social science. It is still in the evolutionary stage.




BOTH



BOTH




(xi) Management is Dynamic: Management has certain principles. These principles are dynamic, which means flexible in nature, which can be changed according to situation and environment of the organization.

(x) Management is Universal: Management is universal phenomenon and used everywhere.



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