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Why is management considered as a science? - Commerce

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Question

Why is management considered as a science?

Short Answer
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Solution

Management is called a science because it has a systematic body of knowledge, including concepts, principles, and theories. But it is not a perfect science, as its principles are mostly situation-based and do not produce the same results every time. In fact, management is a social science, as it deals with humans whose behaviour is not fully predictable.

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Chapter 5: Management - Meaning, Nature and Importance - EXERCISES [Page 137]

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C. B. Gupta Commerce Volume 2 [English] Class 12 ISC
Chapter 5 Management - Meaning, Nature and Importance
EXERCISES | Q 8. | Page 137
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