Despite the lack of an all-encompassing economic theory of business enterprise, despite the fact that management is foreordained to remain always more of an Art than a Science, there is no doubt that the principles of management, even as they exist today, are of inestimable value to all who would improve their mastery of the art of management. For science and art are complementary in this field, as in most. A better knowledge of an explanation of the processes of management can only result in an improved ability to be a more successful practitioner of the art. It should not be confused with a class of people such as executives, administrators, producers, owners, promoters, entrepreneurs, managing directors, or managers. Rather it is an activity.
Management brings order to enterprise.
It should provide efficiency to human endeavors. Ability and skill in carrying out these functions mark the successful manager. Qualities that are helpful in successful management include, among others, leadership, communication and teaching ability. Anyone who performs these activities is, by definition, managing. This would include a museum director, but exclude its major patron who contributes most of its funds but rarely involves himself in its plans or problems.