Showing posts with the label management knowledge

Teaching Business Graduates to Apply Theory

Students enter graduate school with an abundance of hopes and enthusiasm to transform themselves into the next guru CEO that transforms companies to great profit. Sometimes that enthusiasm dissipates when they realize the equally abundant amount of work that is necessary to learn the skills needed to achieve that success. The ability of students to understand higher levels of theoretical material and apply that material to solve important problems for “real world” performance is beneficial for life success.   Graduates who know how to understand theory and apply it are worth more than those who cannot. It is through this application that theoretical models are adjusted to working models that adequately function within the business world. When theories are adjusted and refined they provide a level of feedback that helps to ensure the theory continues to adjust to a more practical end. The development and attempted application of theory is part of the process of business devel