Why the Business Research Process is Necessary

Understanding the environment in which a company competes is a fundamental aspect of good lineage management practices, and managers nuclear number 18 on the constant lookout for fear search methods that result help them in their decision-making figure outes. Business decisions ar based on good intelligence and this intelligence is gathitherd by doing good, weighty question. In this paper I will render to provide an overview of current business question 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 relational 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 can and expand their market share in an increasingly globalized marketplace. In general, all business research methods share some commonaliti es, which include obtaining and analyzing data in order to answer questions, solving problems or testing hypotheses, which in that locationfore contribute to the understanding and knowledge of the large environment in which companies compete (Thomas, 2004). According to Thomas (2004), Although there are many unlike ways to do research, and although variant fields have their preferred research styles, all research does share certain features: 1.Research is empirical; it involves studying the human beings distant ourselves. 2.Research adopts systematic and explicit methods; it is essentially a public elbow grease in which it is possible, in principle, for others to repeat investigations and finish on their trueness (p. 3). Current business research practices modify according to the effort 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 portray ed as if it were simply a set of tools and t! echniques apply to solve...If you want to digest a full essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper