Question: What is meant by ‘Management’? Explain any three features that establish it as an Art. [CBSE 2016]
Answer: Meaning of Management: It refers to the process of conducting a set of functions (Planning, Organising, Staffing, Directing and Controlling) to get the work done in an efficient and effective manner.
Features that Establish Management as an Art:
i). Existence of Theoretical Knowledge: As in art, in management too, there is a lot of literature available in various areas of management which the manager has to specialise in.
ii). Personalised Application: Like in any art, in management too, a manager applies his acquired knowledge in a personalised and unique manner. This gives rise to different styles of management.
iii). Based on Practice and Creativity: Just as art can be embellished with the help of practice, in the same way, managerial skill also improves with practice.