#2 Levels Of Management & Nature Of Management

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Nature of Management

·         Management as a science

1.       Universal Applicability.(not exactly fulfill this feature of science)

2.       Systematised Body Of Knowledge.(available)

3.       Principles Based on Experimentation.(exist)

4.       Standardised principles.(not exist)

·         Management as an Art

1.       Systematised body of knowledge.(exist)

2.       Practice of management has different styles.(exist)

3.       Based on practice and creativity.(exist)

·         Management as a Profession

1.       Well defined body of knowledge.(exist)

2.       Entry is restricted. (Not exist)

3.       Professional Association. (Not exist)

4.       Ethical code of conduct.(Exactly not possible)

5.       There’s always a service motive. Service motive with profit earning (Not exist)