Why the Business Research Process is Necessary

Understanding the environment in which a company competes is a fundamental aspect of good task management practices, and managers atomic number 18 on the constant lookout for stage business search methods that result help them in their decision-making care fores. Business decisions are based on good intelligence and this intelligence is gathitherd by doing good, weighty question. In this paper I will go-ahead to provide an overview of current business look practices, why the business research process is necessary to assist managers in the decision-making process and how much(prenominal) research is typically conducted. A discussion and assessment of the relative the strengths and weaknesses of the various parts of the business research process is followed by an analysis of why this research is important to companies seeking to assert and expand their market share in an increasingly globalized marketplace. In general, all business research methods share some comm onalities, which admit obtaining and analyzing data in order to answer questions, solving problems or testing hypotheses, which on that pointfore contribute to the understanding and knowledge of the big environment in which companies compete (Thomas, 2004).

According to Thomas (2004), Although there are many unlike ways to do research, and although several(predicate) fields have their preferred research styles, all research does share certain features: 1.Research is empirical; it involves studying the human beings outdoor(a) ourselves. 2.Research adopts systematic and explicit methods; it is essenti ally a public endeavor in which it is possib! le, in principle, for others to repeat investigations and finish on their verity (p. 3). Current business research practices modify according to the industry and need, and the concept involves more than just patently asking a question and trying to answer it. As stated by Thomas (2004), Sometimes research methodology is portrayed as if it were simply a set of tools and techniques apply to solve...If you want to bear a full essay, order it on our website: OrderCustomPaper.com

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