Deutsch: Theorie / Español: Teoría / Português: Teoria / Français: Thêorie / Italiano: Teoria
Theory is a contemplative and rational type of abstract or generalizing thinking, or the results of such thinking. Depending on the context, the results might for example include generalized explanations of how nature works. The word has its roots in ancient Greek, but in modern use it has taken on several different related meanings. A theory is not the same as a hypothesis. A theory provides an explanatory framework for some observation, and from the assumptions of the explanation follows a number of possible hypotheses that can be tested in order to provide support for, or challenge, the theory.
In the industrial and business context, "theory" refers to a proposed explanation or model that attempts to explain a phenomenon or set of observations. Here are some examples of the use of "theory" in this context:
- In marketing, a company might use the "Theory of Planned Behavior" to understand how consumers make purchasing decisions.
- In economics, the "Theory of Comparative Advantage" explains how countries can benefit from specializing in certain industries and trading with one another.
- In management, the "Contingency Theory" proposes that there is no one-size-fits-all approach to management and that different situations require different leadership styles.
- In operations research, the "Queuing Theory" provides a mathematical framework for analyzing waiting lines and optimizing resource allocation.
Other similar terms used in the context of scientific or academic explanation are:
- Conceptual framework