+is strategic managment a science
Science is objective like logic and mathematics. It is a process of following a set of predetermined guides in order to achieve a result. If the factors in the process do not change, the result of the process will remain unchanged too. I think that strategic management is an art and also a science. I am going to use the case of company to support my argument. The Strategic Management Process: It is identified by three ongoing processes – analyses, decision, and actions – that are central to strategic management. In practice, these three processes – often referred to as strategy analysis, strategy formulation, and strategy implementation – are highly interdependent. On a strategic level, resource allocation management can largely be equaled with portfolio management. We evaluate models and approaches for optimal portfolio planning and management, demonstrating that implementation of sound, data-driven, transparent decision processes is paramount. yes management is art and science because management need both art and a science because gaining facts is not science and doing practicle knowledge is not an art so management … need both art and a science. 10 people found this useful. Below is a free essay on Strategic Management Is An Art Or A Science? from Anti Essays, your source for free research papers, essays, and term paper examples. By Hermann A.M. Mucke, PhD. As a company develops its business, resources will always be limited and risk will always be involved. This is especially true for companies operating in the high-risk life science industry. To stay on top of the changing pharmaceutical R&D environment, certain measures must be implemented. This report analyzes: According to the nature of management, there is a controversy that  whether management is a science or an art. This controversy is very  old & is yet to be settled. It shoul … d be noted that, learning  process of science is different from that of art. It is considered as a science because it has an organized body of knowledge which contains certain universal truth. It is called an ar … t because managing requires certain skills which are personal possessions of managers. Science provides the knowledge & art deals with the application of knowledge and skills. Management is considered a science because there are proven ways of  doing things. It is considered an art because there is creativity  involved and room for personal expres … sion. Management as an Art, Science or Both A lot of controversy arises whether management is an art or science or both. It is said that the management is the oldest of arts and youngest of science. This explains the changing nature of management. 1 understand the meaning and nature of strategic HRM. 2  appreciate how HR strategies are related to business strategies. 3  describe how HR strategies can be informed by a knowledge of labour markets and product markets locally, nationally and internationally.
Yes