Theory vs Practice

While discussing marketing theory with a colleague from Melbourne University – lecture Jeremy Apsey, he came up with a cool quote:

“Theory is nothing more than the accumulation of our historical knowledge.”

He then went onto say… “We need to be able to think both ways, theory into practice and practice into theory”

As entrepreneurs I’ll word it as follows:

‘We must be able to think then act, as well as act then think’

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