Tuesday, January 11, 2011

Management is not an Exact Science

According to Peter F.Drucker,
1: Management deals with people and it is very difficult to predict there behaviour accurately since it is a social process therefore management cannot be considered as an exact science.
2: Human Behaviour Cannot be subjected to laboratory experiments.
3: Business is a dynamic activity, business situations and conditions keeps on changing therefore theories can be failed.
4:Mgt  principles do not have universal applicability since there applications and rules has to be modified according to given situation.
5: Business has to honour social ethics, norms, values no one can ignore these. Business has to follow ethics before principles.
6: Methods of observations followed by mgt are not cent percent since the human element which is involved in it can never be treated as constant.
7: Sometimes it is very difficult to establish cause & effect relationship as in chemistry and Physics.
8: Relatively few managers are trained and experienced some of them even don't know the principles of the management.
According to Earnest Dale," Management is a Soft Science."

3 comments:

  1. Hi, is thee any way you can tell me where I can find where Peter F.Drucker states these points? (book, journal, etc)

    Many thanks,

    Julia

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  2. Hey julia ,

    I know its too late for me to reply to this but if it is of any use , we had his statements in our book. But just in case if you want only his statements and not mixture of those which I would say would be nice then I hope your study material will be enough! Else if you visit any library try picking up from there from any of his business books but you can always find his references in good business studies, business law books!

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