In: Operations Management
The research question and objectives are fundamental considerations when developing research projects. In this discussion you should: Define business research Explore the differences between basic and applied research. What makes business and management research different from basic research? Explain how you would generate and refine research ideas? Identify particular business topics which are of interest to you and detail how you would go about conducting a project in this area.
Define business research Explore the differences between basic and applied research. What makes business and management research different from basic research? Explain how you would generate and refine research ideas? Identify particular business topics which are of interest to you and detail how you would go about conducting a project in this area.
Research is the systematic process of finding solutions to your problems. It requires a whole process and study to effectively check the criteria about what is the possible reason behind the question. When this research is done in business world to find the answers regarding the practical problems of the business, that is business research.
Basic research simply means to fill the knowledge that we don't have, it tries to make humans learn things which doesn't have a practical use. On the other hand, applied research is the one which seeks to answer a problem which is related to the real world and to solve a question.
Business and management research are basically the applied research taking place. They are totally in contrast with the basic research as they are finding the solutions for the problems which actually exist and can be solved. The answers we'll get by the research would help the business and the management to conduct their business in a better way.
Research ideas comes along by studying the market. You cannot simply start researching about anything. Your problem and idea should be specific, should have relevance and value in the market and also by finding the solution you would see that the results would benefit you in the near future for your business analysis.
Particular business topics which are interesting to be worked and researched on are: The demand of a good, why it is increasing, what is trending, what people like or dislike, what people want from the technology and the marketers and how customer could be satisfied.