Hallmarks of Scientific Research

1. A brief description the research project and issue under investigation and an analysis of best practice in relation to this issue. (2.1 and 2.2).

nature of the research approach calls for a means of data collection and analysis of findings

In business, managers need to respond to any issues that may arise in the business. While one may be prone to do this based on past experience, the wiser choice would be to use business research to gather the information to make decisions as business research will increase the likelihood that the solution would make a positive impact. According to Business Research Methods, the definition of business research is the structured questioning which provides information by which to guide wise decisions that maximize the impact of the

Define and explain research and define and explain the scientific method (include an explanation of all five steps). Proper

Business research is a methodical process in which a company or manager recognizes a need for data in order to make effective business making decisions. “More specifically, it is a process of planning, acquiring, analyzing, and Disseminating relevant data, information, and insights to decisions makers in ways that mobilize the organization to take appropriate actions that, in turn, maximize performance” (Cooper and Schindler, 2011, p. 10).

In defining quantitative research the term can be dichotomized. Firstly, research refers to creative, systematic work with the intention to increase the knowledge of man and thereby devise new applications (OECD, 2002). In addition Gray (1997) stated that research should improve performance and that the results should be

Furthermore, understanding how to deal with these biases is the key to making a good decision. Also, it is important not to make judgmental heuristics which are shortcuts used to reach a decision faster (Moisand, 2000). Another key takeaway is to use evidence-based decision making when making an important decision. Managers should use this concept to ensure they are gathering the best available evidence before making their decision. The leaders of BP and Transamerica certainly did not use evidence-based decision making nor did they follow the evidence-based decision-making model. If the leaders of these two companies followed the evidence-based decision-making model, they would start with identifying the problem and end with making the decision (Kreitner & Kinicki, 2013).

the researchers analyzed their data and how they decided to analyze it in a certain way based on

Clearly states the research objectives and the intended methods of research based on the identified key area/s of research. Explain why the proposed methods of research are suitable for the research to be conducted.

The research has been done with carefulness , scrupulousness and the degree of exactitude in research investigation and It must fulfill the following conditions :

There are many factors that will affect the decisions of the managers of any organization. Even The Coca-Cola Company, the worlds? largest beverage company has to consider about their macro environment as well as

Research methodology is a way how the research is conducted step by step and in order. There are two methods used for data collection which is the primary data and secondary data. These data can be obtained and used many ways. The data is taken and analyzed in advance to produce a result that we can use for research and future reference. This study will relate to the objective we want to achieve and finding the answer to every objective we seek. In order to successfully achieve the objectives we seek, we must know

A study published in the winter 1997 volume of Business Strategy Review suggests the major factor in a decisions success is the decision process itself. The study, by Paul Nutt, suggests that poor decision making

Today’s managers have a growing need to understand scientific findings and incorporate them into decision making. Research always facilitates effective management. At many government organizations research drives every aspect of major decision making. In some organizations, research is so fundamental that management makes hardly any significant decision without the benefit of some kind of research.

Chapter 3: Research Methodology Research methodology is the process used to collect information and data for the purpose of making business decisions. Primary Research, Justification and Biases Primary research is the experiments, investigations, or tests carried out to acquire data first-hand, rather than being gathered from published sources. However primary research is costly, time consuming, sometimes the feed backs are inaccurate and the number of resources are required The methodology may include publication research, interviews, surveys and other research techniques, and could include both present and historical information. I will apply primary research because it addresses targeted issues. Data interpretation is also better.