Academic theory plays a crucial role in the study of an MBA program. The study of theory provides a foundation of knowledge and understanding of the various concepts and models used in business administration. Theory provides a structure and framework that helps students to analyze and solve real-world business problems.
The study of theories in areas such as marketing, finance, and operations helps students to understand how these concepts can be applied in practical situations.
Additionally, theories help students to develop critical thinking skills, enabling them to make informed decisions based on data and research. Furthermore, studying theories enables students to understand the historical development of business concepts and to see how they have evolved over time.
This can help them to be better equipped to tackle future challenges in the business world. In short, the study of academic theory is essential for students of MBA programs as it provides the foundation for their future careers in the business world.
