Saks Gloweli Business Tip – Theory in Business, is it real?
Those who say theory “isn’t the real world” don’t understand what theory is. Theories explain real phenomena. They organize diverse bits of information into generalizing patterns, identifying underlying reasons for why things happen as they do, suggest the deeper nature of the things we know and those we do not quite know, help transfer knowledge from one enterprise to another, and suggest the likely outcomes of new situations. Businesspeople averse to theory may thrive in business as long as the parameters familiar to them remain in place. Those who embrace theory are more likely to adapt to, and even seek out, new beneficial situations
from: Michael W. Preis & Mathew Frederick, 101 things learned at Business School
By Sid Mewara, Managing Director, Saks Gloweli Consulting Saks Gloweli Consulting is a management strategy consulting firm based out of Shenzhen and Hong Kong that helps clients grow their business www.saks-gloweli.com