Discipline refers to a field of study having well-defined concepts and principles. When we refer to management as a discipline, we include in it the various relevant concepts and principles, the knowledge of which aids in managing. From this point of view, management can be treated either as an art or a science, the two basic and broad disciplines. However, since management prescribes various principles and how these principles can be applied in managing an organization, it has the orientation of both science and art, a phenomenon that will be discussed later.