management is the oldest of arts and d youngest of sciences..what does this mean??
Management is both a science as well as an art. It is youngest of science because it has an organised body of knowledge consisting of theories and principles. It is oldest of arts because it involves getting results through practical applications of skills and knowledge. The science of management provides general principles for managing various aspects of business. But their applications depends upon the experience, skills and competence of managers. Thus both art and science and complementary to each other as science teaches to know about the things and art teaches how to perform those things in practical situations.