Research in Business and Management

QUESTION 1 A. Describe the role and goals of business research as a managerial decision-making aid. B. Discuss the difference between the management decision problem and the research problem. Illustrate your answer with examples, ie. List some management problems and formulate the relevant business research problem. A. The main function of business research is to provide managements with reliable, valid, timely, relevant and current information. A manager's ability to rely upon their past experience as a …

…categories. If the research objectives cannot be reached by survey of data, and more sophisticated methods of analyses are required, then consideration should be given as to which particular analytical techniques will provide the appropriate information. Managers may drive the researcher to conduct exploratory research that can be used to develop a more extensive research project. Monitoring research is the way in which comparisons can be made between what was planned and what actually happened