The concept of management is universal and very old. That is why different views have been expressed about its nature by different writers from time to time. The continuous and rapid development of management principles and practices in organization has changed the nature of management. The main points of view about the nature of management are given below:
-Management as an Inborn or Acquired Ability
-Management as an Art, Science or Both:
Management as an Art:Art refers to the way of doing specific things; it indicates how an object can be achieved.
Management as a Science:Science may be described as a systematized body of knowledge based on proper findings and exact principles and is capable of verification.