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Give the definition of Theory.

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A theory is a systematic grouping of independent concepts and principles that gives a framework to ties and us together a significant area of knowledge. It?s relevant in the field of management because it provides a means of classifying significant and pertinent management knowledge.

When identifying an effective organization structure, there are a number of principles applied and which are inter-related. These principles have a predictive value to managers e.g. certain principles guide managers when delegating authority in an organization. Theories and history of management are important to managers for various reasons; History assists managers in understanding the current developments and avoids mistakes of the past.

History and theory foster an understanding and appreciation of the current situations and development; also facilitate the prediction of future conditions. Theory helps managers organize information and therefore are able to approach the problems systematically. Without theory all managers would have ideas or creations which would not be useful in today?s complex and dynamic organizations. However, there is no universally accepted and agreed theory of management that managers can apply in all situations.

marto answered the question on March 4, 2019 at 07:11

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Give the definition of Theory.

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