Art is the skillful and personal application of existing knowledge to achieve desired goal Management considered an art due to the following reasons

a. Existence of Theoretical Knowledge: All art subjects are based on theoretical knowledge e.g, written material is available on dancing, public speaking, music etc. In the same way, there is lot of literature available on management and its branches – finance, marketing, human resource etc. 

b. Personalised Application: The use of this basic knowledge differs from one individual to the other. Two painters, two dancers or two singers all use their knowledge in their own way. In the same way two managers who have acquired the same knowledge may use it in their different ways to get the same work done 

c. Based on Practice and Creativity: All art is practical. Art involves creative practice. The more we practice it, the better we become at it. It also requires creativity.

In the same way, a manager applies his acquired knowledge in a unique manner. More practice makes him a better manager and he also develops his own style of management.

Management is an Inexact Science:

a. Systematised Body of Knowledge: Science is a systematised body of knowledge. Its principles are based on cause and effect relationship. e.g. water evaporates on being heated In the same way, management has a systematised body of knowledge. All managerial principles have cause and effect relationship

b. Principles Based on Experimentation: Scientific principles are first developed through observation and then tested through repeated experimentation. Likewise, management principles are also propounded after observation and repeated experimentation.

c. Universal Validity: All scientific principles have universal validity. They give the same result wherever applied.

Principles of management do not have Universal validity. They have to be adjusted and applied according to the need of the situation. Thus, management is an in-exact science.

Conclusion : Management does not satisfies all the features of science. Hence it is not an exact science.