Management as a Science

Data, computing power, and mathematical models have been transforming many realms of management from art to science. But the crisis exposed the limitations of certain tools. In particular, the world saw the folly of the reliance by banks, insurance companies, and others on financial models that assumed economic rationality, linearity, equilibrium, and bell-curve distributions.

Harvard Business Review (July - August 2009)
http://blogs.harvardbusiness.org/hbr/hbr-now/2009/07/trend-to-watch-management-as-a.html