Significance of management

This essay deals with the argument whether management can be regarded as an art or science. The basic function of management is to manage the optimal utilisation of organisational resources. In this case, the managers depend on rigorous practice and past experiences to manage the organisational problems and these aspects depict the nature of management as art. Moreover, like art, creativity is also considered as a fundamental part of the management. On the other hand, management can also be related to the science as it also follows research, observation and sequential approaches. The concepts of management can be verified and generalised like science. Therefore, based on the discussion, it has been found that management bears the characteristics of both art and science. For successful achievement of organisational goals, the managers are required to follow both aspects of management.

Significance of management

Type: Essay
Domain: Business Management
Words: 1750
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