Definition Of Business Research By Different Authors

There are many different definitions of home economics by different authors.

Definition of business research by different authors. Various definition of research methods by various authors clarke and clarke. Business definitions by different authors like keith gul bellin boono krutz lewis h haney james stephenson buskirik green robgers and others business is a wide term and signifies all economic activities carried on with the objective of earning money or profit or gain. 2007 and any design under the control of researcher. Definition of research methodology by different authors.

Research is a careful systematic and objective investigation conducted to obtain valid facts draw conclusions and established principles regarding an identifiable problem in some field of knowledge. 56 the research design is the overall plan for relating the conceptual research problem to relevant and practicable empirical research it is an important method used by the authors in order to answer research questions saunders el al. In simple words it can be stated as the acquisition of information or knowledge for professional. The search for knowledge through objective and systematic method of finding solutions to a problem.

Staying on top of industry research is an integral part of a successful business. According to well known professors william pride robert hughes and jack kapoor business is the organized effort of individuals to produce and sell for a profit the goods and. Pose a question collect data to answer the question and present an answer to the question 4. Whether a company s looking for a new base of operations or a would be entrepreneur wants to launch a first business using the right business research methods can be the difference between success or failure.

According to gauri and gronhaug 2005 pp. Such a study helps companies determine which product service is most profitable or in demand. Research is important because it gives direction to deal with a specific problem. Some say it is the study of diet and budgeting and others say it is child care and textiles.

Importance of studying research. Business research is a process of acquiring detailed information of all the areas of business and using such information in maximizing the sales and profit of the business. Research methodology is the name of the methods and ways through which a research process is going to be completed and measured.