Science is a systematized body of knowledge pertaining to an area of study and contains some general truths explaining past events or phenomena. In other words, the management science provides a body of principles or laws for guidance in the solution of specific management problems and in the objective evaluation of results.

Science is based on continued experiments. Management is also revolving around so many experiments 'trial and error' means both success and failure.

1. Management deals with human beings, about whom it is not possible to generalize. Even the same man may behave differently in different circumstances.

"It is the function of the arts to accomplish concrete ends, effect results, produce situations that would not come about without the deliberate efforts to secure them. These arts must be mastered and applied by those who deal in the concrete and for the future.

Science can be defined, as a body of systematized knowledge obtained through study and practice. It is based on certain principles and theories. The six important elements, namely, thinking, discovery of facts, verification, prediction, measurements, and expression that help the development of science, do exist in management also.