Becos management requires specialised knowledge for management of business unit and in return of that fees is charged to the manager as we studied earlier that returns of work to the professionals is fees and fees are paid to the manager...
Also to achieve business goals / objectives proper management is required and for proper management knowledge and skills in the field is important....
and with experience there is increase in knowledge and research. Management too has its own association, moral responsibility.. & it is mandatory for all members to follow the code of conduct.

Nature of Management

Management is a dynamic, complex and multidimensional phenomenon that involves a range of activities to achieve organizational goals. It can be defined as the process of planning, organizing, directing and controlling resources (people, money, materials, etc.) to accomplish specific objectives.

The Trinity of Art, Science, and Profession

Management is a trinity of art, science and profession. This means that it involves a combination of knowledge, skills, and creativity to achieve organizational objectives.

Art of Management

The art of management refers to the creative and intuitive aspects of management. It involves the ability to make decisions based on experience, judgment, and insight. The art of management requires a manager to understand the human side of the organization and to use this understanding to motivate and inspire employees.

Science of Management

The science of management refers to the systematic and objective analysis of management problems. It involves the use of quantitative techniques and tools to solve problems and make decisions. The science of management requires a manager to have a strong analytical and problem-solving skills.

Profession of Management

The profession of management refers to the ethical and responsible conduct of managers. It involves the application of specialized knowledge and skills to achieve organizational objectives. The profession of management requires a manager to have a strong sense of ethics, responsibility, and accountability.

Conclusion

In conclusion, the nature of management is a trinity of art, science, and profession. It requires managers to have a combination of knowledge, skills, and creativity to achieve organizational goals. The art of management involves the intuitive and creative aspects of management, the science of management involves the objective and systematic analysis of management problems, and the profession of management involves the ethical and responsible conduct of managers.