Management

an ART or SCIENCE ?

Date : 12/10/2020
Time : 10:30 AM – 11:30 AM

ASET INSTITUTE OF TECHNOLOGY

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 Is it Science ?

 Management is an in-exact Science..

 4 M’s of management – Men, Machine, Money &
Materials
 Management principles cannot be proved exactly
 Thus management is not pure science

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 Is it an ART ?

 Everyone believes management is an Art, but it is not.

 Art can be learnt..(Ex : Mason, Carpenter, or
mechanic/musicians)
 Management techniques differs from person to person
 Thus management is neither a science nor an Art., but
combination of both.

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 Management as a Science

1. Systematized body of knowledge

2. Principles based on experimentation
3. Verifiable principles
4. Universal application

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 Management as an Art

1. Practical knowledge
2. Personalized application of knowledge
3. Improvement through continuous practice
4. Situational application
5. Emphasis on creativity

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 Both a Science and an Art

 Management has some features of science and has all

features of Art.
 Thus, management is both Science and Art
 Effective Manager – knowledge of management principles &
skills for applying correct principles
 Knowledge can be developed through study
 Skill come from practical experience

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 THANK YOU

ASET INSTITUTE OF TECHNOLOGY

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