Which of the following statements relative to the theory and practice of management is TRUE?
A) Academic theories have little application in business because they are not grounded in reality.
B) The value of theory is that it provides a systematic framework for management activities.
C) Theory is,by definition,very abstract and quite difficult to understand.
D) Managers never develop their own theories of how to run an organization.
E) Management theories tend to be mutually exclusive.

Question

Quizplus · Accepted Answer

The value of theory in management is that it provides a systematic framework for management activities. Theories help managers understand the dynamics of organizations and provide insight into how to manage employees, resources, and other aspects of the organization. While theories may not always be directly applicable to every business situation, they provide a useful starting point and can be adapted to fit the needs of a particular organization.

Which of the Following Statements Relative to the Theory and Practice