Preview

Business Administration

Good Essays
Open Document
Open Document
7628 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Business Administration
CHAPTER 1: INTRODUCTION 1.0 Introduction
In current society, people started to focus on the product quality of the product that they bought. The product quality may affects a person’s purchase behaviour towards the particular brand. Our group decided to conduct a research to identify the relationships between product quality and customer loyalty.

Topic 1 is all about the introduction to research in business. In this chapter, we know the differences between research and business research. Research is organised and systematic inquiry or investigation which provides information for solving a problem or finding answers to a complex issue. Whereas, business research is the application of the scientific method in searching for the truth about business phenomena.

Next, we have learned about scientific method, the way researchers go about using knowledge and evidence to reach objective conclusions about the real world. There are multiple routes to developing ideas, such as through prior knowledge or observation. After we get the ideas, we can proceed to forming a hypothesis , test on the hypothesis and thus we will get the result.

There are two types of research, applied business research and basic business research. When is business research needed? There are four factors to help us to decide is the business research needed. It’s involves time constraints, availability of data, nature of the decision and benefits versus costs. It often becomes necessary for managers to deal with researchers to avoid conflict. So, managers should take note of few things when they want to hire researchers.

Business Research like all business activity. It keeps changing due to the communication technology and global marketplace. In the 21st century, global business research will be introduced which is a research that can apply to all and suit all culture.

1.1 Research Background
There is significance relationship between service quality and customer loyalty in

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Business research is defined as, “a systematic inquiry that provides information to guide managerial decisions” (Cooper & Schindler, 2011). The new president of an established company, which manufactures equipment and supplies within the dairy industry, finds the company to be inefficient and unprofitable. Using business research will be very beneficial to the new president. Using the steps of the research process, the president will be able to make educated decisions as to the future of the company.…

    • 481 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Business research has different steps to complete to ensure that the research covers every aspect needed to have the best outcome. In the workplace of construction, there is a great need of having researchers help to cure problems that are at current job sites. Such problems might be the building construction and the needed data to ensure a building is built safe and of good quality. The business research process is used in past experience to develop the process in which construction companies can use to cure a problem. Past experience can tell that in business research an individual must clearly define the objective of the research along with what the research will offer to the business. The objective usually consist of an ongoing problem that crew members can not figure out. After the goals and objective are define the research then proposals its purpose to all the stakeholders for approval. The stakeholders are usually the investors in the building site, along with supervisors of the construction crew. After approval is met the research group then comes up with a strategy to complete research that includes time frame, scope, environment of research, and type. Once strategy is in place data collection occurs. Data will exist of collecting all the contributing factors and variables of the research along with data needed to define the objective of the research. Once data is collected the analysis of data is performed. Researchers will analyzed all the data to interpret its findings. Once this is complete the researcher reports their findings to stakeholders. Stakeholders then make a decision based on research of their next move to cure the original problem that was given. The stakeholders will give direction to the construction team to fix original problem. This allows the research used to clearly define…

    • 341 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    P3 Unit 3

    • 875 Words
    • 4 Pages

    There are two types of research and two types of data. The first type is primary research. Primary Research is when the business or the worker conducts the research their self, therefore it is fresh data and it is current and applicable to their current market. Market research is conducted to gain a better knowledge of the market in which they operate in and to find out the wants and needs of the customers. Examples of this could be surveys, observations and interviews. Advantages of primary research are that it is brand new data in this current market and with current customers therefore it is applicable to your business. The disadvantages of primary research is that it may take a long time…

    • 875 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Business research is something that is done in every company in one form or another. I have had my own fair share of experience with business research and I have to admit that it is not as easy as doing research papers in school. I worked for a convenience store and had to do business research at least once a month in order to try to keep my store current with other stores and our customers.…

    • 469 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Res/341 Final Exam

    • 1645 Words
    • 7 Pages

    1. The main distinction between applied and basic business research is that applied research is used to…

    • 1645 Words
    • 7 Pages
    Good Essays
  • Satisfactory Essays

    The purpose of business research is to allow a business to set itself apart from its competitors by gathering as much information on the industry that it can and utilizing that data to create unique methodologies and business practices. Researching a business will provide information on things such as what products consumers like or do not like to buy, what the start-up costs will be, and whether any new business opportunity is viable to undertake. Researching also reveals the profitability potential of products and services and how they size up competitively with similar products available in the market. The most successful business in each industry are perfect examples of how to successfully market, advertise, and sell your products so they should always be considered. According to chapter 1 of the textbook, it does not matter whether you are a small mom & pop bakery or a large corporation like Nabisco, business research is equally important to your company. In my personal experience I have found that the company policies and procedures set forth by the upper management will directly reflect how the employees will react to their clients and impact the business.…

    • 630 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Syllabus

    • 827 Words
    • 4 Pages

    Business research provides the information needed to make sound business decisions. It helps organizations reduce the chance for costly errors in production, human resources, marketing, entering global markets, and strategic planning. The emphasis of this course is to teach the student to become an effective consumer of business research.…

    • 827 Words
    • 4 Pages
    Satisfactory Essays
  • Good Essays

    Business Administation

    • 2571 Words
    • 11 Pages

    1. Complete the table below with descriptions of at least two different features of a telephone system and how / when they would be used.…

    • 2571 Words
    • 11 Pages
    Good Essays
  • Satisfactory Essays

    1. Identify four main points that would be included in a contract of employment. If possible, use an example contract to support your answer (feel free to obscure any confidential information).…

    • 2222 Words
    • 9 Pages
    Satisfactory Essays
  • Satisfactory Essays

    The importance of business research in today 's growing economy is essential in predicting the performance of a business. Analyzing what a company’s weaknesses and strengths are can help in understanding why business research is necessary. It also focuses on problems and issues and solves these issues. The experience I have acquired in trying to establish a start-up company needs extensive research and hard work. In starting any business and wanting it to be successful research of the business, should be made. Knowing exactly what a new business entails and being prepared facilitates decisions that will determine the productivity. The research a new business acquires is first understanding and reading into a situation. Studying an industry and interpreting strategies and patterns allows for a better outlook on business decisions and changes. According to Cooper and Schindler (2011), business planning requires decision making, planning, acquiring, analyzing, and disseminating relevant data, and information in order to maximize the performance of a business. For my start-up business, my partner and I determined there was an open market and decided to create a service that we could offer. The market research we performed also captured the strategies that competitors currently have that we can capitalize on by what they do not offer and create a higher return to our productivity and services. The importance of business research in today’s economy is decisive because it allows for managers to make decisions that impact businesses and provide information that will bring higher returns and productivity. Organizations methods for business research also include using the scientific method. This analysis allows for reporting, descriptive, explanatory, and predictive studies. (Cooper & Schindler, 2011).…

    • 341 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    What is business research? It is the method a company makes to decide the most efficient, productive, and ethical way to make money and generate customers. For example, starting any form of business has a need for research into the goal customer and the competition. Tri-County Center is the leading center for providing assistance to mentally disabled adults in East Tennessee. The clients are able to live in their own homes and earn money by working for factories. Some of the clients are there while their parent or guardian is at work, in which case they still work, just in the ware house of the center. Through research Tri-County Center has taken business of other facilities because of the freedom they offer for the clients.…

    • 364 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    1. Complete the table below with descriptions of at least two different features of a telephone system and how / when they would be used.…

    • 940 Words
    • 4 Pages
    Satisfactory Essays
  • Satisfactory Essays

    1. In relation to your current business environment (or one that you are familiar with), identify at least two different types of information technology that may be used when completing work tasks.…

    • 792 Words
    • 4 Pages
    Satisfactory Essays
  • Satisfactory Essays

    business administration

    • 417 Words
    • 2 Pages

    Learning and development is a good way to improve my own knowledge base, this helps me to understand my job role better. This will also open up possible places for further promotions or job offers. This will also help the company as I am more equipped to do the tasks currently set for me.…

    • 417 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Businesses will always need market research and it generally falls into two different groups. Qualitative and Quantitative. Qualitative research is “Qualitative research is designed to reveal a target audience’s range of behavior and the perceptions that drive it with reference to specific topics or issues. The results of qualitative research are descriptive rather than predictive.” ("What Is Qualitative Research?” 2015). Quantitative research “is about asking people for their opinions in a structured way so that you can produce hard facts and statistics to guide you. To get reliable statistical results, it’s important to survey people in fairly large numbers and to make sure they are a representative sample of your target market.” ("What Is Quantitative Research?” 2015). There also are descriptive and statistical approach’s in this paper that will help with understand what is best for you business research.…

    • 1071 Words
    • 3 Pages
    Good Essays