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Strategic management is considered an art and a science.
Is strategic management an art or a science. 1 Approved Answer. Strategic Management An Art Or Science. I believe it is essential that formation of strategy be an amalgamation of both.
It may not be proper to term it as pure science or pure art. The term strategic management is replaced by strategic planning when it. Strategic Management As An Art Or Science.
The artistic application of management know-how is evident. I am often fascinated by how entrepreneurs approach the creation of strategy. Work we must avoid the temptation to become beige and banal.
It can also be said that management is a system of taking work from others and an individual. Therefore management is an art simple because managing requires certain skills which are a personal possession of the managers. Strategy is indeed an art as it is a science - as such the color that gut feelings bring helps you define what the destination can look like.
We have seen above that management has elements of both art and science. It is understood that managing is doing things. The elements of the strategic management is to be having the vision implementation evolution and risk managment appetite.
Like any other practice-whether engineering accountancy law or medicine. It takes both intuition and analytics in crafting a good strategy. Strategy is Both Art and Science.
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