Why studying management theory is important?

Thanks for invitation,

In a very precise wording "to be able to handle the organization's resources effectively and efficiently in order to maximizing its Return on Equity "R.O.E".

Studying management theory is important for business management . In business theories almost every information is present to handle the business. When a person go through a business theory it make them able to handle the business . Your business is yours and you have to face different sometimes more difficult situations as compare to those which are studied in theories. Theories are road map to Run a Successful business.