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Theory without practice is fantasy but practice without theory is blind. Internships in organizations.
Pages 4 (1004 words)
Theory without practice is fantasy but practice without theory is blind There has always been a debate between academicians, who thrive in theory, and business executives, who are more concerned about what is applicable in practice.
This could be the reason that students in universities and colleges are usually encouraged to apply for internships in organizations dealing with their various courses of study during school breaks over the vacation periods. Indeed, many students find it difficult to relate what they study in school and what they have to do in the real world of corporates. On the one hand, there are academicians who study trends and historical data to come up with solutions to problems in the real world, which can be adopted and used in practice. On the other hand are business executives and their workers who usually criticize academicians for coming up with solutions that are either too ideal, complex or which have too many assumptions to be applied in real businesses (March, 1994). This group approaches problem-solving through past experiences or by applying what is appropriate with the prevailing economic, political an social conditions. However, the reality of the matter is that none can exist without the other, as summarized by Professor Vincent Ostrom in the above phrase. One important aspect that organizations’ managers usually deal with is decision-making. Many companies usually operate with the sole reason of making profits. ...
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