Management Theory and Its Inter-Activeness with Management Model and Management Practice: An Overview

摘要

The Paper is essentially a discourse on Management Theory and Management Practice, and the interconnection between them. The paper argues that management practice is the continuous process of taking actions that enable organizations to achieve its set goals. It views management practice as the practical application of management theory and therefore the effectiveness of management practice largely depends on the validity of the theory applied. The paper presents three models to illustrate the process of the development of a valid theory; the tripartite interactive relationship between management theory, management practice and the managerial environment; and the interactive relationship between management theory, management practice, management model and the managerial environment.