Research in Business and Management
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 guide to the future has been constrained by some factors, such as:
* An increasing…
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