Q1. "Management is a combination Art, Science & Profession" Explain fully.
Management is a concept which cannot be limited to any specific area. It is a part of our day-to-day life. Management is managing oneself. It is a broad term which is a combination of Planning, Organizing, Controlling, Directing and Co-ordinating.
As rightly defined by Koontz Management has been defined as the creation and maintenance of internal environment in an enterprise, where individuals working together in groups can perform efficiently & effectively towards the attainment of the goals." It is the environment created for a better performance of work efficiently hence working towards attaining common goals.
Management has a specific economic & social objective hence is can be applied everywhere. It is a continuous, multidisciplinary, dynamic process. "Management is a multipurpose organ that manages a business manages a manager and manages workers and work" as defined by Peter Druker. Management is the combination of Arts, science & profession.
Management as an art:-
1.Art needs skills:-
As arts requires skills so does management. Skills like conceptual,technical,human relations & decision making comprise management. To perform management functions properly one needs to have clarity of concept as to what, where, how, why etc. Technical skills and know how is also important as it streamlines the functions & increases the efficiency. As management exists in everyday life comprising the human beings and dealing with human relationships is an art hence it's a part of management too. Decision making is an important aspect of management .It can also be stated as an art because it requires a lot of inputs by way of facts & analysis.
2.Art requires knowledge:-
Management needs knowledge and information from various areas like finance, marketing, technology , production etc. As art needs inputs from other areas so does...