MANAGEMENT AS A SCIENCE, ART

AND PROFESSION

-VIVEK ANAND

-YOGENDRA P

IS MANAGEMENT

A SCIENCE ?

-UNIVERSALLY ACCEPTED PRINICIPLE

-EXPERIMENTATION AND OBSERVATION

-CAUSE AND EFFECT RELATIONSHIP

-TEST OF VALIDITY AND PREDICTION

UNIVESALLY ACCEPTANCE PRINCIPLES

SCIENTIFIC PRINCIPLES CAN BE APPLIED IN ALL

SITUATIONS, AT ALL TIMES AND ALL PLACES

SIMILARLY MANAGEMENT PRINCIPLE CAN BE

APLICABLE TO ALL TYPE OF ORGANISATION

EXPERIMENTATION AND OBSERVATION

SCIENTIFIC PRINCIPLES ARE BASED ON

RESEARCH, EXPERIMENTATION AND LOGIC

MANAGEMENT PRINCILES HAVE BEEN

DEVELOPED THROUGH EXPERIMENTS AND

PRACTICAL EXPERIENCES eg REMUNERATION

CAUSE AND EFFECT RELATIONSHIP

PRINCIPLES OF SCIENCE RELATES CAUSE AND

EFFECT BETWEEN DIFFERENT VARIABLES

MANAGEMENT ESTABLISHES RELATION BETWEEN

MANAGERS AND EMPLOYEES

EMPLOYES PAID WELL => MORE EFFICIENT WORK

TEST OF VALIDITY AND PREDICTABILITY

THEY STAND THE TEST OF TIME –MEANS IT CAN

BE TESTED AT ANY TIME OR ANY No. OF TIME

MANAGEMENT PRINCIPLE CAN BE TESTED FOR

THEIR VALIDITY WITH REGARDS TO CLARITY OF

THOUGHT AND DIRECTION

MANAGEMENT IS NOT AN EXACT SCIENCE

MANAGEMENT IS A SOCIAL/BEHAVIOR/FLEXIBLE SCIENCE BECAUSE

-IT DEALS WITH HUMAN BEINGS AND IT IS VERY DIFFICULT TO PREDICT THEIR

BEHAVIOR ACCURATELY

THEORIES AND PRINCIPLES MAY PRODUCE DIFFERENT RESULTS AT DIFFERENT

SITUATIONS AND TIME

IS MANAGEMENT

AN ART ?

-PRACTICAL KNOWLEDGE

-PERSONAL SKILL

-CRETIVITY

-PERFECTION THROUGH

PRACTISE

PRACTICAL KNOWLEDGE

-EVERY ARTS REQUIRE PRACTICAL KNOWLEDGE,

-IT IS IMPORTANT TO KNOW PRACTICAL

APPLICATIONS OF THEORITICAL PRINCIPLES

SIMPLY OBTAINING A DEGREE IS NOT ENOUGH,

MANAGER SHOULD ALSO KNOW HOW TO

APPLY VARIOUS PRINCIPLES IN REAL SITUATIONS

IN HIS CAPACITY AS A MANAGER

PERSONAL SKILL

ALL THE THEORITICAL BASE MAY BE SAME FOR

EVERY ARTIST EACH ONE HAS HIS OWN STYLE

AND MODE OF INTERPRATATION

EVERY MANAGER HAS HIS OWN WAY OF

MANAGING THINGS BASED ON HIS

KNOWLEDGE EXPERIENCE AND PERSONALITY

CREATIVITY

EVERY ARTIST HAS AN ELEMENT OF CREATIVITY

THAT LETS HIM PRODUCE SOMETHING THAT HAS

NEVER EXISTED BEFORE

MANAGEMENT IS ALSO CREATIVE IN NATURE

BECAUSE IT COMBINES THE CONCEPT OF

INTELLIGENCE AND IMAGINATION

PERFECTION THROUGH PRACTICE

EVERY ARTIST BECOMES MORE AND MORE

PROFICIENT THROUGH CONSTANT PRACTICE

LEARNING IS THROUG ART OF TRIAL AND ERROR

INITIALLY BUT THE APPLICATION OF

MANAGEMENT PRINCIPLES OVER THE YEAR

MAKES HIM PERFECT

CONCLUSION

OLD SAYING THAT “MANAGER ARE BORN” HAS BEEN REJECTED IN THE FAVOR OF “MANAGERS ARE MADE”

SCIENCE AND ART NOT MUTUALLY EXCLUSIVE BUT THEY ARE COMPLEMENTARY TO EACH OTHER

MANAGEMENT IS THE OLDEST OF ART AND YOUNGEST OF SCIENCE

MANAGEMENT AS SCIENCE IS THE “ROOT” AND MANAGEMENT AS ART IS THE “FRUIT”

IS MANAGEMENT

A PROFESSION ?

-SPECIALIZED KNOWLEDGE-FORMAL EDUCATION AND TRAINING-SOCIAL OBLIGATIONS-CODE OF CONDUCT-REPRESENTATIVE ASSOCIATION

SPECIALIZED KNOWLEDGE

A PROFESSION MUST HAVE SYSTEMATIC BODY

OF KNOWLEDGE THAT CAN BE USED FOR

DEVELOPMENT OF PROFESSIONALS

A MANAGER MUST HAVE DEVOTION AND

INVOLVEMENT TO ACQUIRE EXPERTISE

FORMAL EDUCATION AND TRAINING

AN INDIVIDUAL CAN ENTER A PROFESSION

ONLY AFTER ACQUIRING SPECIFIC KNOWLEDGE

AND SKILL (DEGREE IS MANDATORY)

IN MANAGEMENT ALSO AN INDIVIDUAL HAS TO

ACQUIRE APPROPRIATE KNOWLEDGE AND

TRAINING (DEGREE IS NOT MANDATORY)

SOCIAL OBLIGATIONS

PROFESSIONALS ARE MOTIVATED IN DESIRE TO

SERVE SOCIETY, SOCIAL NORMS AND VALUE

A MANAGER IS RESPONSIBLE NOT ONLY FOR HIS

SUPERIOR’S BUT ALSO TO SOCIETY

CODE OF CONDUCT

MEMBERS OF A PROFESSION HAS TO ABIDE BY

THE CODE OF CONDUCT WHICH CONTAIN

CERTAIN RULES AND REGULATIONS

THE AIMA HAS PRESCRIBED A CODE OF

CONDUCT FOR MANAGERS BUT IT HAS NO TAKE

LEGAL ACTION

AIMA CODE OF CONDUCT FOR MANAGERS

FORMAL EDUCATION TO DEGREE LEVEL

EXISTENCE AND STRENGTHENING OF PROFESSIONAL ORGANISATIONS

FOUNDATION AND DEVELOPMENT OF PROFESSIONAL LITERATURE

INCREASED RESEARCH ACTIVITY SUPPLYING THE DISCIPLINE WITH NEW

THEORETICAL FRAMEWORKS

NEW KNOWLEDGE TO DEAL WITH ISSUES OF TECHNOLOGICAL DEVELOPMENT

REPRESENTATIVE ASSOCIATION

FOR THE REGULATION OF PROFESSION THE EXISTENCE OF

REPRESENTATIVE BODY IS A MUST EX:-INSTITUTE OF

CHARTERED ACCOUNTANTS OF INDIA

BUT AIMA DOES NOT HAVE ANY STATUATORY

POWERS TO REGULATE THE WORK OF

MANAGERS

CONCLUSION

MANAGEMENT IS NOT A FULL PLEDGED PROFESSION

* NO MINIMUM QUALIFICATIONS ARE HAVE BEEN PRESCRIBED FOR MANAGERS

* IT DOES NOT RESTRICT THE ENTRY IN MANAGERIAL JOBS

*NO MANAGEMENT ASSOCIATION HAS THE AUTHORITY TO GRANT A CERTIFICATE OF

PRACTICE

*MANAGERS ARE RESPONSIBLE TO MANY GROUPS SUCH AS SHRE HOLDERS EMPLOYEES

AND SOCIETY

*MANAGERS ARE KNOWN BY THEIR PERFORMANCE AND NOT MERE DEGREES

*THE ULTIMATE GOAL OF BUISINESS IS TO MAXIMIZE THE PRODUCT AND NOT SOCIAL

WELFARE

THE SLOGAN OF MANAGEMENT

“HE WHO SERVES BEST ,ALSO PROFITS MOST”

THANK YOU