Management as a science

Management is very systematic

and concrete and so we consider
management as a science. 
Principles of management science:

• Problem-solving is central to management. 

• Managerial problems can be quantified and described in
mathematical terms. 
• Mathematical tools, techniques, simulations, and models can
enhance the problem-solving process.
 Careers in management scienc
• Business analyst: Studies the market, determines a business’s profitability, and identifies solutions to a business’s
challenges. 
• Data analyst: Gathers and interprets data, highlights important trends, and reports findings to an organization’s
management. 
• Actuarial analyst: Works in the insurance industry and uses data analysis and statistical modeling to calculate the
probability and risk of events like death, accidents, and property damage 
• Finance analyst: Assesses the performance of stocks, bonds, and investments to advise businesses and individuals
on their investment decisions
• Programmer analyst: Tests, analyzes, and maintains software applications to help businesses achieve their goals 
• Risk analyst: Analyzes financial documents and economic conditions to determine the risk involved in business
decisions and planned activities. 
• Research analyst: Collects data from varied sources to help organizations determine target markets and ideal
pricing for products and services.