Essay on Business Research for Decision Making - 1696 Words

Business Research for Decision Making The work of decision making involves choosing between issues that require attention, setting goals, designing suitable courses of action and choosing among several alternatives through the evaluation of each one of the alternatives. Of great importance in decision making is the choosing between the several alternatives. The effectiveness of this work of decision making is of great importance for the well being of every business activity and determines the success of every business (Kay Miranda). In the business setup, decisions that can be made could include product improvement, choice of an investment plan, business expansion and areas of improvement. For business leaders and thus the entire†¦show more content†¦The first assesses the degree to which repeated researches yield the same results; the second is based on the stability of measurements over time while the third is based on the similarity of measurements within a given period of time. On the other hand, Joppe (200 0) suggested that a valid research is one that truly measures what it was intended to measure. In other words, a valid research is one that provides true results. Quantitative research involves the use of experimental and quantitative measures to test general hypotheses (Hoepfl, 1997). Golafshani (2003) suggested that quantitative research is based on the measurement and the analysis of the causal relationship between variables. Through quantitative research, the researcher is familiarized with the concept to be studied and generates the hypothesis to be tested. As such, the mathematical process takes the norm for analyzing the numeric data and the information gathered takes a numeric form that can be quantified and summarized. Moreover, according to Charles (1995), the final result of the quantitative research is usually expressed in statistical terminologies. Another aspect of quantitative research, as seen from Golafshani (2003), is that it emphasizes on the facts and causal. Therefore, a qualitative researcher should construct an instrument, standardize it and administer it according to predetermined procedures. However, the concern, acc ording to Golafshani (2003), is on itsShow MoreRelatedResearch Methodology : Methods And Data For The Purpose Of Making Business Decisions Essay1871 Words   |  8 Pages(Kothari, 2004, p. 8)â€Å"Research Methodology is a way to systematically solve the research problem†. In another definition of the Research Methodology, based on (Research Methodology, 2016)â€Å"The process used to collect information and data for the purpose of making business decisions. The methodology may include published research, interviews, surveys and other research techniques, and could include both present and historical information†. It can be concluded that the research methodology is one ofRead MoreResearch in Decision Making1653 Words   |  7 PagesTOPIC 1 DISCUSSION Why research is considered essential in the decision making function of management. Research may be defined as a systematic inquiry whose objective is to provide the information that will allow managerial problems to be solved. It is also seen as an activity that is often carried out by most people, knowingly or unknowingly in the course of their daily lives. It is a systematic inquiry whose objective is to provide the information that will allow managerial problems to be solvedRead MorePersonal Motives For Corporate Social Responsibility933 Words   |  4 PagesAnnotations and Critical Analysis Motives for Corporate Social Responsibility (Graafland, J. Mazereeuw-Van der Duijn Schouten, C. 2012) analyze the motivations of directors to take responsibility for the labor, environmental and social aspects in business. 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In spite of a number of research studies carried out on implementation framework for business intelligence tools, there is negligible literature available specific to theRead More Methods of Business Research Essay1010 Words   |  5 PagesMethods of Business Research According to the American Marketing Association, marketing research is the systematic gathering, recording, and analyzing of data about problems relating to the marketing of goods and services. Marketing research is not a perfect science. It deals with people and their constantly changing feelings and behaviors, which are influenced by countless subjective factors. To conduct marketing research you must gather facts and opinions in an orderly, objective way toRead MoreThe Ethical Decision Making Of Bilingual People Essay1510 Words   |  7 Pages Summary: Due to the globalization international business is growing fast all over the world but specially in China and as a result of that many people speak both Chinese and English. This research paper discusses the ethical decision making of bilingual people to challenge the most common theory that ethical decisions does not differ regardless of what language the subject is making it in. Given the rapid globalization many accounting students and professionals speak multiple languages and thisRead MoreImproving Leadership Decision Making : Fear Of Lack Of Buy1045 Words   |  5 PagesImproving Leadership Decision-Making Fear of lack of buy-in. One of the most common areas of improvement for effective decision-making in times of uncertainty, is to avoid making decisions based only on the appeal to colleagues. Research shows that a fear of lack of buy-in or approval from colleagues should not be a motivator for making a decision. Examples include making decisions within the following motivators: a) decisions that will sit most comfortably with colleagues, b) be the most popularRead MoreEssay on MBA detail course outline1314 Words   |  6 PagesOrganizational Communication †¢ Organizational Communication †¢ Organizational Communication †¢ Principles of Management †¢ Principles of Management †¢ Principles of Management †¢ Principles of Management †¢ Research Methods †¢ Research Methods †¢ Research Methods †¢ Research Methods †¢ Organization Theory †¢ Organization Theory †¢ Financial Accounting †¢ Financial Accounting †¢ Project Management Fundamentals 2nd Quarter †¢ Project Management Fundamentals †¢ Project ManagementRead MoreB2b Buyers Essay836 Words   |  4 PagesIDC survey reports that 3 out of 4 B2B buyers used social media to communicate with peers before making purchasing decisions. According to Accenture 94% of buyers research online before making the final decision. Research indicates that 64% of C-suite have the final sign-off on purchases. Overview Hello! Thanks for your question about who makes the buying decisions in the business to business training field. The short version is that Below you will find a deep dive of my findings. METHODOLOGY Read MoreImportance Of Business Ethics On Previous And Current Literature Essay1459 Words   |  6 PagesImportance of business ethics in previous and current literature Previous Methodologies used for Studying Business Ethics Majority of the literature reviewed relied heavily on questionnaires and surveys as the chosen methodology. According to Rowley (2014), questionnaires are the â€Å"most widely used means of collecting data† (p. 308). However, when designing a questionnaire or survey researchers should consider the type of questions being used, sensitivity of questions asked, content and length