Business Research Applications Paper - 1143 Words

Research is one of the most essential aspects that influence decision makers of many companies. These decisions are based on facts. These facts are verifiable and can be replicated. Good research follows these standards of the scientific method. The characteristics of the scientific method of research are: â€Å"1) Purpose clearly defined 2) Research process detailed 3) Research design thoroughly planned 4) High ethical standards applied 5) Limitations frankly revealed 6) Adequate analysis for decision maker’s needs 7) Findings presented unambiguously 8) Conclusions justified 9) Researcher’s experience reflected. Good business research has an inherent value only to the extent that it helps management make better decisions that help†¦show more content†¦In addition, these researchers often seek out people who are well informed on the topic, especially those who have clearly stated positions on controversial aspects of the problem† (Cooper Sc hindler, 2006, p. 63). Both of these methods are viable; however, they could be biased-based, depending on the participants. Using them in conjunction with one another can supersede the bias and objective data can be retrieve, which proved to be extremely useful. Another research method that Analytic Services, uses is a survey that is usually conducted and distributed by the human resources department at least once a year. This is the Employee Satisfaction Survey. This survey consists of about 10 questions ranging from â€Å"how you would describe your work† to upper management visibility and a rating scale of one to five. A score of one would mean the participant strongly disagrees and a score of five means, that the participant strongly agrees. The last question requires the participant to write a summary on how he or she would improve their department or division. This survey has caused much dilemma for management because they receive precise steps on improvement b ut never put the suggestions in place. For instance, the finance department has a high turnover rate, this has been happening for the last eight years. The controller has been terminated, the account manager resigned, the lead accountant resigned, the contractsShow MoreRelatedQnt 561 Complete Class Essay963 Words   |  4 Pageshttp://homeworkonestop.com/qnt-561-complete-class Product Description QNT 561 (Applied Business Research and Statistics ) Week 1 Individual Week One Practice Problems Complete the following Week One Practice Problems in MyStatLab ®: †¢ Ch. 2 of Statistics for Business and Economics o 2.37, 2.38, 2.44, 2.46, 2.54, 2.64, 2.68, 2.79, 2.85, 2.89, 2.93, 2.94, 2.106, and 2.108 †¢ Ch. 4 of Statistics for Business and Economics o 4.1, 4.12, 4.13, 4.21, 4.79, 4.80, 4.81, 4.89, 4.91, 4.106, and 4.124 Read MoreThe Current State Of Art1733 Words   |  7 Pagesthe margins of physical components. 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