Management is the systematized body of knowledge that explains certain general truths'. Identify the nature of management from the above line.

Management as a science

Science is a systematic body of knowledge. Its principles are based on a cause and effect relationship. Management has a systematised body of knowledge. It has its own theory and principles that have developed over a period of time, but it also draws on other disciplines such as Economics, Sociology, Psychology and Mathematics. Like all other organised activity, management has its own vocabulary of terms and concepts. For example, all of us discuss sports like cricket and soccer using a common vocabulary. The players also use these terms to communicate with each other.