In: Accounting
1.Define the term management.
2.Is management an Art or Science?
Answer1:
“To manage is to forecast, to plan, to organise, to command, to co-ordinate and to control.” -Henry Fayol. It attempts to describe management in terms of what a manager does, and not what management is.
Answer2.
Management is both Art and Science.
Management is neither a science nor an Art. But it is a combination of both.
It is a science because it contains principles.
It is an art, it requires certain personal skills to achieve the desired objective.