Theory And Practice Essay

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The relationship between theory and practice has been the subject of extensive discussion in academic literature that encompasses all fields (Gay and Weaver, 2011; Lincoln and Lynham, 2011; Vogel, 2010). According to Henderikus (2010), the nature of a theory is to deliver descriptive and illuminating advantage on a problem, to offer a description of the advanced features of a phenomenon or to provide predictive value. These are similar to the explanation of Stam (2007), which states that there were three significant opinions of theory in the 20th century: reductionism, instrumentalism, and realism. Reductionism being the perspective that the characteristic of a theory is to be reduced to something that can be observed. The instrumentalism perspective was the characteristic of a theory that serves as an instrument to be able to do things. While the realism perspective was the characteristic of a theory that provides statements about a phenomenon that actually existed or still exists in the world (Stam, 2007).
There is no research that can be done without a theory. A majority of scholars would agree that, “theory is the currency of scholarly research” (Corley and Gioia, 2011, p. 12). A theory provides the framework for analysis of the collected data and enhances the knowledge base of any field; it is also needed in order to test the applicability of real world problems. According to Vogel (2010), theory generates ideas that empower research and practice. All theories have a practical capability because it produces ideas and explanations, as well as predictions about the relationships of variables, which can be seen in reality (Vogel, 2010).
According to Gay et al. (2011), the most popular declaration of Kurt Lewin i...

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...eholder theory and discovered notable issues with the characteristics of the stakeholders. The authors found out that there are theoretically problematic issues, mainly about the stakeholder concept itself. Future research is needed on how to identify the stakeholder’s group in practice. Furthermore, there is a need to present a universal criterion for ascribing specific characteristics belonging to one group or another. In practice or in application, it is necessary to address the conflicts of interest among the different stakeholders as well as the management difficulties when dealing with their numerous and various objectives. Mainardes, Alves, and Raposo (2011) also stated that there is a need to systematize the knowledge produced by academics and practitioners in order to achieve the theoretic convergence essential for the growth of stakeholder theory.

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