Question

"Management is regarded as and by same, as science or as an inexact science by other. The truth seems to be somewhere in between." In the
light of this statement explain the true nature of management.

Answer 1

Management as an Art and Management as science: It can be said that to get information about a subject is science and putting that information to practice is an art. For example, studying engineering is a science and after study working as an engineer is an art.