Practicality is essential because it helps businesses to: - Optimize resources: By focusing on practical solutions, businesses can make the best use of their financial, human, and technological resources. - Mitigate risks: Practicality involves assessing the potential risks and making informed decisions to avoid pitfalls. - Enhance sustainability: Practical approaches often lead to sustainable business practices that can be maintained over the long term. - Improve competitiveness: Businesses that adopt practical strategies are better equipped to respond to market changes and stay ahead of competitors.