Business research methods - Essay Example

Comments (0) Cite this document
Research Process essentially involves several important stages such as preliminary steps, problem definition, management dilemma, primary or secondary data collection, literature reviewing, data analysis, presentation of findings and problem solution etc…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97% of users find it useful
Business research methods
Read TextPreview

Extract of sample "Business research methods"

Download file to see previous pages Research Process essentially involves several important stages such as preliminary steps, problem definition, management dilemma, primary or secondary data collection, literature reviewing, data analysis, presentation of findings and problem solution etc Out of these research process stages, the problem definition stage is perhaps most important one as effectiveness and successful completion of all other stages are largely depending on problem definition stage. Some of the stages in the research process are more critical than others. For instance, problem definition is most important step because it determines how to set the direction for the remainder of the steps that follow (Neelankavil, 2007, p. 57). The problem to be solved in a research or the issue to be identified must be clearly defined so that more appropriate solution to the same problem can be developed and this illustrates why problem definition stage is more important in the research process. What is Problem Definition and Why it is Important? Sekaran (2003, p. 70) defined Problem Definition, or often termed as Problem Statement, as a clear, precise and succinct statement or description of the question or issue that the organization need to investigate with the goal of finding an answer or solution to the same problem....
in to different functional areas in the organization such as sales, purchase, profit, inventory handling etc can be successfully done only if the problem is clearly defined. Malhotra (2008, p. 38) emphasized that problem definition in research process is the most important step because it involves stating the general problems and identifying various components of the research itself. If problem is clearly defined, significant components that can be made use in the research also can be identified. Therefore, it is very clear that the research can be well-designed and conducted properly only if the basic research question is properly defined. As Malhotra (2008, p. 38) noted, none in all the tasks involved in a research project is more vital to the ultimate fulfillment of a client’s needs and requirements than a proper problem definition. Time, efforts and money spent on any research process can be a mere waste if the problem is ill-defined. An example can illustrate how important is problem definition in a research process. An organization that experiences less- morale among its employees may need to investigate why its people are less morale and how it can be resolved. In order to investigate this issue, the problem should be clearly defined. If the researcher defined the problem as less efficiency among the employees, or less productivity among the workers or decreased commitment among managers, the problem is not clearly defined and the solution the research may bring would be of no use to the organization. Following are some of the main reasons why problem definition is more important than solution and any other steps in a research. A well defined problem helps the researcher plan all other research steps to be conducted properly, All other steps like data ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Business research methods Essay Example | Topics and Well Written Essays - 2250 words - 1”, n.d.)
Retrieved from
(Business Research Methods Essay Example | Topics and Well Written Essays - 2250 Words - 1)
“Business Research Methods Essay Example | Topics and Well Written Essays - 2250 Words - 1”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Business research methods

Business Research Methods

...Paper Critique and Report Executive Summary The research was carried out to determine and industrials expectations and assumptions about the necessary attributes of employees in the hospitality industry. Survey method was conducted in a population of 137 students and 87 managers in the industry in order to get the different opinions on the value of a degree in hospitality. The results obtained showed that both held very different views. One of the limitations of the study was poor response from the General Managers in the hotels. More research on the views of general managers should be conducted. The main of the industry and educators is to tackle and minimize the gap between managers...
9 Pages(2250 words)Essay

Business research methods

...?Business Research Methods on Satisfaction -- Sports & Corporate Group Travel Ltd Company Introduction Sports & Corporate Group Travel Ltd is a UK based sports tour organising company having expertise in arranging Sports Tours for a wide range of audiences including all age-groups for institutions such as clubs, schools and universities. Sports events include rugby, cricket, swimming, football, water polo and ice hockey. The Group covers besides UK and Europe other countries such as South Africa, Canada and the Far East. Customer focus has been a trend with Sports & Corporate Group Travel for complete satisfaction of its customers worldwide through the company’s customised offerings...
9 Pages(2250 words)Essay

Business Research Methods 2

...results than secondary research, which is especially essential if a business wants to launch a new product. For a travelling agency such as American Express Travel Agency, primary research is essential because it will give them a clear view-point of where they stand at present, and what the customers expect of them in the future. It will also pin-point their weaknesses, which can help them greatly in improving their service portfolio in order to attract more customers (Epson, 2011). The various methods of primary research include interviews, surveys, questionnaires, focus groups etc. On the other hand, secondary research...
8 Pages(2000 words)Essay

Business Research Methods

...? BUSINESS RESEARCH METHODS …………………. College/ ………….. Organizational Research and different purposes Research plays significant roles in business organizations to help them obtain valuable information about business opportunities and seize them for the business success. Searching of useful information is thus critical element to ensuring organizational success. Organizational research is a process of searching information, oriented towards a basic goal of understanding a phenomenon, may be without concern for the relevance or direct usage of the information being gathered. Today, highly advanced technologies are available and that can be used for various purposes of an organization. Information technology, mainly use of computer... for...
12 Pages(3000 words)Essay

Business Research Methods (SPSS)

...? Business Research Methods I. Literature Review The Theory of Planned Behaviour First proposed by Icek Ajzen in 1985, this theory is in turn based on the earlier Theory of Reasoned Action posited by both Ajzen and Fishbein (1980) in the course of their studies on attitude and behaviour. As such, both theories work quite well to explain behavioural intent, as well as to predict both human behaviour and attitude (Ajzen 1980). The general idea behind these theories is that certain actions are viewed in certain ways by certain people, and their perception of that action in concert with existing social norms in turn dictate how likely they are to follow through with it. Generally speaking, a...
14 Pages(3500 words)Essay

Business Research Methods

...?Business Research Methods Luxury sells online have increasingly become a more important selling point for high-end fashion brands. Brands have to balance their sells and how to maintain their brand identity of exclusivity. Many luxury brands have recently begun selling online towards the emerging markets, as the brand has identified an opportunity. However with the emerging markets as a focus there are different difficulties and restrictions. The Methodology and approach the research will take is inductive. By analysing secondary research of ecommerce in the fashion luxury segment and emerging markets the study will work towards a hypothesis. The research will have an interpretivist approach as the data collected do not address... in the...
9 Pages(2250 words)Essay

Modern Business Research Methods

...BUSINESS RESEARCH METHODS This report is about the business research methods. It covers the important methods, their purpose and when they should be used. This report also highlights the advantages and the limitations of all the methods that are mentioned. The report ends with the conclusion that highlights that manager's objectives are more important in selecting which is the desired method to be used. TABLE OF CONTENTS ABSTRACT 2 HISTORICAL RESEARCH: 4 FOCUS GROUPS: 5 SURVEYS: 6 OBSERVATION: 6 EXPERIMENTAL RESEARCH: 7 CORRELATIONAL RESEARCH: 8 CAUSAL-COMPARATIVE RESEARCH: 8 PILOT STUDY: 9 CONCLUSION: 9 References 10 Today, businesses need information to remain competitive in their markets. Information is required regarding... relationship...
6 Pages(1500 words)Essay

Business research methods

...Business research methods Business Research Methods Data Preparation and Question What are your career aspirations for the next five years? Responses: Kennedy: I would like to go farming; the job market is very competitive Henry: I am going into business Paula: I will have to look for a job; I have been studying hard and dreaming about a good corporate job, Sholes: I will look for a job or start my business as consultant Mary: I will definitely look for a job Variables The variables ion these analyses are: Farming, Business, Job, as they are the career aspirations. Assumption A...
11 Pages(2750 words)Coursework

Business Research Methods

...Chapter Summaries and Case Studies Chapter 6 Summary Chapter 6 of the Business Research Methods talks about research design by offering the reader the basic stages in a research design, the major descriptors of a research design, as well as the major types of research designs (Cooper & Schindler, 2013). Also, the chapter discusses the relationships, which exist between variables in a research design together with the steps for evaluating those relationships. According to the actors, a research design is the strategy by which a plan of a study is carried out (Cooper & Schindler, 2013)....
7 Pages(1750 words)Book Report/Review

Business Research Methods

...Business Research Methods Purpose of the research There are three major purposes of undertaking research and these could be possible determinants of research designs that can be undertaken. The purpose of any research could either be exploration, description of explanation of a given phenomenon which forms the hypothesis of the study. Exploration research seeks to provide the researcher with information aimed at familiarizing themselves with the topic being studied (Saunders & Lewis 2012). It mainly aims at satisfying the researcher’s curiosity through answering basic...
4 Pages(1000 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Business research methods for FREE!

Contact Us