Introductory Summary

Managementics is a newly coined term representing a groundbreaking philosophy—a fusion of management and science. Management concepts are often based on selective observations leading to inferences that vary with time, place and circumstances. Management decisions are mostly based on deductive reasoning, experience or individual perspectives, and presumptions, and as such they have limitations. Scientific concepts on the other hand are universally true, such as Newton’s laws or Ohm’s law.

The concept of Managementics seeks to improve management decisions by integrating scientific principles into management practices. This approach enables the development of more reliable, effective, and universally applicable solutions to management problems. Managementics adopts two-pronged approach for solving managerial problems and for taking better managerial decisions. This approach is explained below:

1.Problem-Based Application of Scientific Concepts

• Carefully study the management problem at hand.
• Identify relevant scientific concepts, rules, laws, or principles that may provide insights.
• Apply these scientific principles to develop practical solutions.

Example:

Problem: Managing the chaos as incoming passengers rush to board and outgoing passengers de-board a train at a station.

Solution: Insights derived from scientific laws such as:

• Law of Forces
• Ohm’s Law
• Law of Magnetism
• Law of Friction

2.Concept-Based Application to Management Problems

• Start with a specific scientific law, rule, or principle.
• Identify management scenarios or problems that share characteristics with the selected scientific concept.
• Develop a solution tailored to these scenarios.

Examples:

• Law of Elasticity: Applied to resolve interpersonal conflicts and foster strong human relationships.
• Concept of Probability: Used to prevent accidents.
• Resonance Phenomenon and Principle of Superimposition: Derived from tuning fork experiments and repeated impulses, these are applied to improve human relations, achieve professional success, and maintain harmony.