Why the Business Research Process is Necessary

Understanding the environment in which a company competes is a fundamental aspect of good ancestry organization management practices, and managers atomic number 18 on the constant lookout for business search methods that result help them in their decision-making physical processes. Business decisions argon based on good intelligence and this intelligence is gathitherd by doing good, weighty question. In this paper I will take on to provide an overview of current business seek 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 comparative 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 laissez passer and expand their market share in an increasingly globalized marketplace. In general, all business res earch methods share some commonalities, which take 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 larger environment in which companies compete (Thomas, 2004). According to Thomas (2004), Although there are many unlike ways to do research, and although antithetic fields have their preferred research styles, all research does share certain features: 1.Research is empirical; it involves studying the human beings exterior ourselves. 2.Research adopts systematic and explicit methods; it is essentially a public aspiration in which it is possible, in principle, for others to repeat investigations and finish on their truth (p. 3). Current business research practices modify according to the labor and need, and the concept involves more than just patently asking a question and trying to answer it. As stated by Thomas (2004), Sometimes res earch methodology is portrayed as if it wer! e simply a set of tools and techniques apply to solve...If you want to train a full essay, order it on our website: OrderCustomPaper.com

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