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Excerpted from : link to article

I am wondering what practice could mean there:

The field of business requires multifaceted practices for real-world problems as much as or more than any other field. A business school expects that application skills and knowledge available to MBA graduates will be comparable to the skills and knowledge possessed by business professionals. Creating learning situations where knowledge can be acquired, organized, and applied, then, is a vital consideration for business educators. Case-based learning facilitates learning transfer and real-world applicability, which is the main concern in the teaching philosophy of business education

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In this sentence, practice is a noun, not a verb, and it means:

practice (n.) repeated exercise in or performance of an activity or skill so as to acquire or maintain proficiency in it

The paragraph as a whole is meant to emphasize the importance of case-based study during business school, because business schools should demand that their students practice their decision-making skills before graduating, in order to hone them.

(In my sentence, I am using practice as a verb, not a noun. The two meanings are related, and are even similarly defined:

practice (v.) perform (an activity) or exercise (a skill) repeatedly or regularly in order to improve or maintain one's proficiency

(defintions from : link to dictionary)

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