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Summary Chapter 1 business research

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Chapter 1 business research

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Uploaded on
July 31, 2022
Number of pages
3
Written in
2018/2019
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Summary

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Chapter 1: “Introduction to research”
Definition of business:
“A systematic and organized effort to investigate a specific problem encountered in the work
setting, which needs a solution.“
 We can now define business research as an organized, data-based. Critical, objective,
inquiry or investigation into a specific problem, undertaken with the purpose of
finding answers or solutions to it.
 It is a process to solve a problem.


The term theory can mean a lot of different things:
 to mean an idea of hunch that someone has.
 a theory is any concept, instrument, model or framework that helps them for
example how to solve a problem.
 to a scientist, a theory explains a certain phenomenon, and the idea is that this
explanation will hold in a wide range of settings.
 In other words, people decide what to do based on what they expect the outcome
to be.


Types of researches:
 Basic (fundamental,pure) research: generates a body of knowledge by trying to
comprehend how certain problems that occur in organizations can be solved.
 Applied research: solves a current problem faced by the manager in the work setting,
demanding a timely solution.


Examples applied research:
 Absenteeism
 Communication
 Motivation
 Consumer decision
 Customer satisfaction
 Budget alloctations
 Accounting procedures


 The findings for such research teach us something we did not know before. Such
knowledge, once generated, is usually later applied in organizational settings for problem
solving.


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