1. Explain Management as an Art. Management as a Science and Management Profession.
2. Describe the features of Industrial policy. Explain the impact of Government policy as a changes on Business and Industry.
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Management is both an art and a science. ... It is considered as a science because it has an organized body of knowledge which contains certain universal truth. It is called an art because managing requires certain skills which are personal possessions of managers.
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- Management can be considered as both science as well as an art. ... It is considered as a science because it has an organized body of knowledge which contains certain universal truth. It is called an art because managing requires certain skills which are personal possessions of managers.
- Some of the impacts of changes in government policy on business and industry are: 1. Increasing Competition 2. More Demanding Customers 3. Rapidly Changing Technological Environment 4
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