Practical Versus Theoretical knowledge in Management
Knowledge and experience goes hand in hand. Likewise theory and practical goes hand in hand. The only difference is theory starts from basics, while practical is the continuation of theory and beyond. But any career big or small starts with theoretical knowledge first, only if we have a strong grip on the base, we would be able to excel in practical. Having said that, even the most intelligent person, sometimes can’t completely depend on practical and at some point when they are stuck; they need to check back what they have learnt in theory. At the same time, the theoretical knowledge helps in exploring new techniques practically. To put it in simple terms, both are important in real life.