Question

In: Accounting

Is management an Art or Science?

1.Define the term management.

2.Is management an Art or Science?

Solutions

Expert Solution

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.


 

 

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