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Why is theory building important to an organization?

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1. Why is theory building important to an organization?

2. How valid/reliable are the statistics presented on the evening news?

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1. Why is theory building important to an organization?

Theory building links theories with empirical information. As far as theory building is concerned, the main perspective is Economics and Business Administration, but with an open eye for opportunities to cross-fertilize research with insights from other fields, such as Sociology, Law, History and Psychology, that inspire the economic study of the firm.
Theory building involves the development of new ways of thinking about intractable conflicts and organizing the information ...

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