WHY STUDY MANAGEMENT THEORY ?
Theories are perspectives with which people make sense of their world experiences. Formally, a theory is a coherent group of assumptions put forth to explain the relationship among two or more observable facts.
First, theories provide stable focus for understanding what we experience. A theory gives criteria for determining what is relevant.
Second, theories enable us to communicate efficiently and therefore move into more and more complex relationships with other people.
Third, theories make it possible- indeed, challenge us to keep learning about our world