F. W. Taylor, the father of scientific management, said in 1903 that management is an art [22]. By “an art” he meant the scientific law/technique (enterprise/factory) and the applicative “waza.” Following that, this definition was further developed by Koontz and O’Donnell [9] and others.
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Matsui, M. (2009). Stochastic Management Approach. In: Manufacturing and Service Enterprise with Risks. International Series in Operations Research & Management Science, vol 125. Springer, Boston, MA. https://doi.org/10.1007/978-0-387-84804-4_2
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