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Nature and Significance of Management — Business Studies STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceBusiness StudiesNature and Significance of Management6 Marks
Question
''Art is concerned with personal application of knowledge''. In the light of this statement compare all the features of art with management and prove that it is an art.
✓

Answer

''Art is concerned with personal application of knowledge''. Management is an art because of the following reasons.
  1. Existence of theoretical knowledge: As in art, in management too, there is a lot of literature available in arious areas of management which the manager has to specialise in.
  2. Personalised application: Like in any art, in management too, a manager applies his acquired knowledge in a personalised and unique manner.
  3. Based on continuous practice: Management satisfies this criteria as a manager gains experience throughregular practice and becomes more effective.
  4. Creativity: Like any other art, a manager after studying various situations, formulates his own theories for use in a given situation. This gives rise to different styles of management.
  5. Situational: As in art, management deals with human beings who behave differently in different situations. Therefore, every situation has to be handled in a different manner.
As all the criteria of art are satisfied by management, it qualifies as an art.

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