Management of a business is the process of planning, organisation, leading and controlling efforts of members of an organisation and using the available resources of the organisation to achieve the organisational goals. When the process of planning, organising, leading and controlling is applied to business organisations, it is called business management. The current trend of thought regarding management is that it is both an art and a science. The element of science is present in the theory of management while the ability to apply it correctly represents the art element.
Comments
ngo davi says:
Jun 26, 2009 12:00 AM
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sanjay mewar says:
Sep 12, 2006 12:00 AM
The economists from time immemorial were not convincingly able to distinguish management as an art or a science, though enough parables were put across to savour the relevant ideas. Hence, management is much considered as an art more than that of science if one comes out of the pages, but for which the education system haven't really given a chance to look beyond books for practical knowledge.
