Theories are often looked at as something that's far from reality and practice. However, theory does have a very important role to play. Theories are important to structure phenomena that we see and hear around us. For managers this also means that the parameters of the theory can be altered to gain more insights into the appropriateness of their managerial actions.

Theories are often looked at as something that's far from reality and practice. However, theory does have a very important role to play. Theories are important to structure phenomena that we see and hear around us. For managers this also means that the parameters of the theory can be altered to gain more insights into the appropriateness of their managerial actions.

Theories are often looked at as something that's far from reality and practice. However, theory does have a very important role to play. Theories are important to structure phenomena that we see and hear around us.&nbsp;For managers this also means that the parameters of the theory can be altered to gain more insights into the appropriateness of their managerial actions.&nbsp;&nbsp;

Why is Theory Important?

Prof Anand Nandkumar — Associate Professor of Strategy & Executive Director (Srini Raju Centre for IT & Networked Economy) at the Indian School of Business — will attempt to theoretically frame phenomena that we might have recently read about in the popular press.

Business

Prof Anand Nandkumar — Associate Professor of Strategy &amp; Executive Director (Srini Raju Centre for IT &amp; Networked Economy) at the Indian School of Business — will attempt to theoretically frame phenomena that we might have recently read about in the popular press.

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Why is Theory Important?

Why is Theory Important?