BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Kerlinger and Lee define theory as “a set of interrelated constructs, definitions, and propositions that present a systematic view of phenomena by specify-ing relations among variables, with the purpose of explaining or predicting phenom-ena” (p. 93). We add three dimensions to Kerlinger and Lee’s definition.

Detailed explanation-2: -A theory is a set of interrelated concepts, definitions, and propositions that present a systematic view of events or situations by specifying relations among variables, in order to explain and predict the events or situations.

Detailed explanation-3: -Fred Kerlinger defines theory as “a set of interrelated constructs (concepts), definitions, and propositions that present a systematic view of phenomena by specifying relations among variables, with the purpose of explaining and predicting the phenomena".

Detailed explanation-4: -In everyday use, the word “theory” often means an untested hunch, or a guess without supporting evidence. But for scientists, a theory has nearly the opposite meaning. A theory is a well-substantiated explanation of an aspect of the natural world that can incorporate laws, hypotheses and facts.

Detailed explanation-5: -Theoretical Statement: The statement specifying the relation between two or more concepts (variables). Reynolds calls these relational statements and distinguishes these from existence statements that include postulates, definitions and assumptions.