Business is Science |
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Is business another form of science? Why not? The way it moves and changes, and above all its dynamism makes it in every aspect synonymous to science. But, in actual fact, there are many who feel ashamed to consider business as a form of science, in spite of its acceleration in the contemporary world. Surely these are those people who have not even dared to earn money in business. Well, it is true, business is not a science in the most orthodox sense but with the change of age the definitions do change and new thoughts are inculcated. But pundits opine, if business is operated like science or in a scientific way, it yields spectacular results. If you just follow the traditions of the prominent business magnates in the global spectrum and watch the entire prospect like a hawk, it may lead to an eventual victory. The mathematics or equation is very clear. If you provide the best effort through accurate equation you cannot escape from getting the positive result. So is there any better science than this? What does this indicate? Business is definitely one of the finest forms of applied science. If you do the right the answer is affirmative and along with it takes the help of various factors like psychology, statistics, motivation of the species, pricing strategy thought processes of buying behavior, site selection, demographics, politics and others. On the other hand business has inseparable relations with economics. To be very precise they are complementary to each other. The slump in one leaves a drastic effect on the other. Whether it is boom or recession in the business, the economy of a nation depends largely on. Now if economics is a form of science then what can the business be called? Arts? Or a simple form of crude commerce? This brings us to the conclusion, anyone who says business is not a science is an insane and should never be allowed to participate in any discussion. Posted by subhasis on Tuesday Apr 29 reply Comments |
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