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.
Nobody downloaded yet

Modern Business Research Methods - Essay Example

Comments (0) Cite this document
Summary
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.
Download paper
GRAB THE BEST PAPER
Modern Business Research Methods
Read TextPreview

Extract of sample
Modern Business Research Methods

through research. Research is all about fact gathering, relating facts with a focus idea, analysis, drawing conclusion and lastly acting and implementing. Over time, with technology emerging new avenues have been developed to collect data; each and every method of research is suited to particular requirements and factors and is used as per the benefit cost analysis of the situation.
Some aspects of the past are studied either by perusing documents of the period or by interviewing individuals who have lived or have experienced during that time. An attempt is then made to study why certain things happened during that time and to explain as to why they happened. The documents that are generally consulted include newspapers, journals and magazines that were published and especially the data government and other private agencies maintain for both commercial and own use. The idea of conducting historical research does not indicate that it is unstructured; in fact, it is systematic process of searching for facts and then using the information to describe, analyse and interpret the past.
The purpose of this research is to make people aware of what happened in the past so that they may learn from past failures and successes and to see whether they are applicable to present day problems and issues. It also assists in prediction and testing hypothesis concerning relationships or trends.

FOCUS GROUPS:
Focus groups are mainly interviews that let open discussion of the topic. They are generally used to develop new ideas. It has an objective and does not generally allow the discussion to deviate from it. People in focus groups openly share their thoughts, feelings, attitudes and ideas on the topic under the discussion. Generally, the focus group consists of 6-10 people at a time and a moderator who is responsible for facilitating the debate.
The main advantage of focus group includes that views of many different people are gathered at one place. Since it is less formal than the structured interviews thus participants feel comfortable sharing their perspectives.
Some of the drawbacks of focus group include that the views of individual participants are generally influenced by other participants and may indulge in group think. Moreover, it is difficult to gather people in one common location at a time.

SURVEYS:
This method involves asking the individuals questions which might be open or close ended. Surveys can be orally done or through written questionnaires. It is helpful in gathering primary data through a large number of audiences. The best part of using survey as a method of research is that they can be done face-to-face, via telephone, emails, fax etc. And thus it helps the researcher reach a mass number of respondents to gather information. Surveys can be cross-sectional or longitudinal
Surveys are generally done to gather informa ... Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Modern Business Research Methods Essay Example | Topics and Well Written Essays - 1500 words”, n.d.)
Retrieved from https://studentshare.net/miscellaneous/308912-modern-business-research-methods
(Modern Business Research Methods Essay Example | Topics and Well Written Essays - 1500 Words)
https://studentshare.net/miscellaneous/308912-modern-business-research-methods.
“Modern Business Research Methods Essay Example | Topics and Well Written Essays - 1500 Words”, n.d. https://studentshare.net/miscellaneous/308912-modern-business-research-methods.
  • Cited: 0 times
Comments (0)
Click to create a comment
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Research Methods
Research methods Introduction In recent years, there have been an increasing number of debates amongst scholars, especially amongst those in the study of social and natural sciences, as regards the comparative advantages of qualitative and quantitative strategies for any undertaken research work.
9 Pages(2250 words)Essay
Case Study (Business Research Methods)
(Case study 73). The key deliverables or main objectives of the research are to study coffee shop market in the United States: locations of great demand for coffee shops, business techniques to attract more new customers, etc. Coffee shop is not something new in modern business.
2 Pages(500 words)Essay
Research Methods
In addition, the transition to modern forms of management and governance imposes some new requirements, reflecting the present state of organizational culture, on entrepreneurs. The urgency of studying the problem of leadership as a sociological phenomenon is determined primarily by the fact that the latter represents one of the most important factors of group integration facilitating the achievement of organizational goals with the greatest effect.
11 Pages(2750 words)Essay
Research Methods
To creatively harness the zeitgeist of fashion design technology, it is necessary to translate this inspiration in a unique way since this is the key. The high level of global competition has made fashion design technology highly competitive and we have seen how technology has heightened the efficiency in many components of fashion design in a very significant way (Ferre & Samuele, 1998).
8 Pages(2000 words)Essay
Research methods
Introduction to the Problem Customer loyalty can be identified as a conceptual paradigm which focuses on the retention of customers by delivering quality services. Apparently such achievements require better alignment with customer needs and the procured services to generate customer loyalty which can further be established maintaining continuous contacts with customers through effective Customer Relationship Management (CRM) techniques (Customer Loyalty Institute, n.d.).
10 Pages(2500 words)Essay
Business research methods
Innovativeness is considered an important part of every organization and it is the key to organizational success. This paper studies the importance of innovative activities made by business organizations and investigates the nature of relation existing between innovative activities and effectiveness.
6 Pages(1500 words)Essay
Modern Methods Of Construction
Market forces compel the industry to rethink and develop measures to suit the changing preferences of the consumers. Additionally, Governments of different countries have put various check points that compel the house builders to reconsider the way houses are built.
6 Pages(1500 words)Essay
Research Methods
As a result, the company will experience a foreign exchange loss. Conversely, a company with a liability position in a weakening FC
12 Pages(3000 words)Essay
Case Study (Business Research Methods)
There are definite questions Joe has to answer in the process of his research. He has already done a previous research in the Internet and found some articles comparing and discussing taste of coffee from Starbucks, McDonald’s, Dunkin’ Donuts,
2 Pages(500 words)Essay
Research Methods
Cruel beauty started long before women and men wore corsets in Europe to reduce their waists for aesthetic purposes. It reminded me of the Chinese small feet, where women’s feet were prevented from growth by tying them tightly from the 10th to the 19th
8 Pages(2000 words)Essay
Let us find you another Essay on topic Modern Business Research Methods for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us