...RUNNING HEAD: Current Events in Business Research Current Events in Business Research RES 351 Current Events in Business Research 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...
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...Current Events in Business Research Tanesha Wilson RES/351 March 7, 2013 Deborah Alrutz Current Events in Business Research The business research process begins with an overview of a particular market or industry. During the overview, individuals can assess whether opportunities for business exist within that market. The next step of the business research process includes the collection data, which aids in determining the consumer need of products or services. An analysis of the data collected will also help to determine the direction the company should go. The business research process also involves a testing phase. In this phase of the process, conducting various tests can provide helpful information to predict customer behavior. The final step typically includes the decision or implementation of the idea (Cooper & Schindler, 2011). This summary will provide a brief overview of the business research process used to launch Cutie Pies Organic Cakes. The Process Cutie Pies & Cakes had been operating for several months as a home-based business making only navy bean pies and carrot cakes. As a featured vendor at an annual food and pastry tasting festival, we experienced an overwhelming response to our products, with one exception; a request for organic pies and cakes. The first task was determining if the local pastry industry needed an organic or “all natural” presence. To our surprise we encountered many who would want to purchase organic pastries regularly...
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...Current Events in Business Research Business Research RES/351 This paper will summarize the business research process by defining the business research process by my experience in the workplace. The most current working industry experience that I have experienced is the casino industry. I will briefly summarize some of the business research of the casino industry. One of the very first business research processes that a potential business owner must consider is location. In the case of my current employer, The Santa Claran Hotel Casino had to determine which location in which land was owned by the tribe of Santa Clara Pueblo to place the casino. This particular business research was a little different from the conventional business research process for location. For example, usually if someone wanted to open a movie rental establishment they would do research to find out the location in which they are most successful. They would find out that they are most successful next to or in close proximity of a McDonald’s. One more example would be a CVS Pharmacy being successful close to a Walgreen’s. Another business research process that is very important in the casino industry would be the selection of which slot machines to put onto the casino floor. There are several business research processes that are involved with this decision. The Slots Director has to sift through thousands of different slot manufactures and themes to determine the right ones...
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...Current Events in Business Research Crystal G RES/351 January 18, 2014 Current Events in Business Research Business research in any organization is important because it helps deliver information to solve problems and encourages managers in making decisions to better an organization. In the insurance industry for example, entails learning everything possible about what the customer needs are. The major objectives are determining what products or services to offer for that particular client, which clients are most likely to buy that particular insurance and what carrier is going to offer the most competitive pricing. There is a lot of competition within the insurance industry. Within Wells Fargo Insurance Company, they offer several products readily available to fit that particular customers business. There are various methods Wells Fargo uses within the business research process to help the organization achieve their goals. The first step is identifying the competitors. One way Wells Fargo identifies the key competitors in the industry is through secondary research. Secondary research is information and or data that are available about that company and open to the public. This information allows our agency to see what products they sell and their key strengths on that particular line of business. The Insurance Journal which is the national property casualty magazine helps determine what companies are specializing in that line of business and who is ranking in...
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...Current Events in Business Research RES/351 September 10, 2012 Julie Bonner Current Events in Business Research The business research process is about learning everything there is to know about an organization, the consumers, competitors and the trade. The main points are trying to figure what products or services to offer, what consumers are likely to buy them, the region as to where to sell or buy them, and lastly the pricing. By following the important steps of business research a company is able to achieve these objectives. Business research was used in the military but in different ways Identifying Competitors - The mission of the military when it comes to new soldiers is to attract and retain quality soldiers. For instance the Army (the branch I was enlisted in) is facing tough competition when trying to maintain or attracting recruits and enlisted personal of all components and ranks. This is due to the low momentum of the recruiting efforts and potential recruits and that is why they are offering enlist or re-enlistment bonuses which is a financial incentive that is not given in the civilian hiring world. Since, the real world is their true competitors. Studying Customers - The needs and wants of the new recruits and re- enlistment are very essential. So before initiating these incentive programs, I believe that the military would have to establish what the needs and wants are of enlist and re-enlistments. An essential point, just like a product is...
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...Current Events in Business Research Current Events in Business Research The term of business research is considered a form of practical studies that a company can use to obtain important data to analyze in order to create better ideas and decisions for the company. The research can include different forms of data which includes the feedback of consumers, product research, financial data, and competitive analysis. The various levels of management which uses the business research gain the ability to have a better understanding of the company. Also, they gain a better understanding of their position in their particular market, and how to stay competitive and improve their position within the market. This paper will be a summary of the business research processes through Frederick’s experience in the field of retail and a study of merchandising created by the University of South Africa back in 2013. Frederick currently works in retail which focuses on merchandising in daily operations. The research process is broken down into three major parts which include the; • Identity of the research problem and the research methods used. • How the research is solved within the chosen functional area • Potential applications within the determined functional area. The study chosen focused on the perception which the consumer has on visual merchandising in relation to retail shopping. Research Problem The primary research...
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...LAW/531 Corporate Compliance Plan for Riordan Manufacturing Riordan Manufacturing identifies itself as an innovative industry leader that exceeds standards, boasting a robust research and development team with the edge and attitude to create customer solutions while maintaining rigorous quality standards within a reasonable price. This corporate compliance proposal for Riordan Manufacturing will incorporate the existing risk management structure with current recommendations from the Committee of Sponsoring Organizations of the Treadway Commission (COSO) to achieve a viable corporate compliance plan. This plan will allow Riordan Manufacturing to continue its future focus on sustained growth by achieving and maintaining profits for financial and human capital. This proposal will incorporate the recommendations of COSO and address areas of liability, risk management and detail a comprehensive corporate compliance plan that will support Riordan Manufacturing’s sustainability as a global plastics manufacturer. Enterprise Risk Management Enterprise Risk Management (ERM) is a process that is define as a basic set of fundamental concepts, “effected by an entity’s board of directors, management and other personnel, applied in strategy setting and across the enterprise, designed to identify potential events that may affect the entity, and manage risk to be within its risk appetite, to provide reasonable assurance regarding the achievement of entity objectives.” (Richard M. Steinberg...
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...Current Events in Business Research Jessica Barbera RES 351 October 6, 2014 Edoardo Naggiar Current Events in Business Research In order for companies to set themselves apart from their competitors, it is vital to gather as much information on the industry that is being considered. Researching a business helps to provide information on such things like what consumers like and do not like to purchase, what it will cost to start up, whether or not the idea for a new business is viable based upon facts and not on emotion. Researching a business will also show if the new business idea has potential to be profitable or not and also provide essential information about competitors so that a new owner does not price their products or services too high, how to layout the store and also where to purchase merchandise while being able to determine if there is any and what will it cost to advertise so customers are aware of the products and services that are newly available to them in their area. Research also aids management when certain decisions that need to be made that involve or affect the company and their employees. Working for one of the largest coffee companies in the world, Starbucks Coffee Company, it is important for them to stay on top of what the coffee industry is doing so that they can keep a competitive edge. Starbucks uses what is called an SWOT Analysis. The SWOT Analysis covers the company’s entire profile while examining the key...
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...Current Events in Business Research Daniel Murphy RES/351 April 28, 2104 Dr. Linda Florence Current Events in Business Research The business research process begins with clarifying the research question (Cooper & Schindler, 2011). In the restaurant company I work for, we wanted to know how the employees feel about the company and what we could do to make us the employer of choice. Once we had that question figured out we needed to come up with a proposal and a research strategy to gain the data needed to answer the question (Cooper & Schindler, 2011). We, as a company, came up with the idea do have everyone do an anonymous survey. In this survey questions were asked about the direction of the company, what you would want to see from the company, how comfortable you are with pay, benefits, your supervisors, our values, and what you would change if you could change things about the company. This survey was taken by over 95% of our workforce including our corporate office employees, district managers, general managers, assistant managers, and all employees so that was a huge turnout. Next the data had to be collected and prepared, before we could move any further (Cooper & Schindler, 2011). Once the data was collected and prepared every district received an analysis of the company overall did, and their district did. On top of that each restaurant received analysis of how they did as a restaurant, and copies of how the district and company did as a comparison...
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...Current Events in Business Research Michael Beatty RES/351 October 12, 2015 MUHAMMAD MUSA Current Events in Business Research Business research process involves the study of all aspects of the company and then that information will be used to make business decisions. This requires several steps to help the company achieve its goals, and evaluating its strengths and weaknesses to solve or to avoid problems. The research process also helps to have a clearer and updated idea of their industry (Suttle, 2014). The preposition is that airlines with more satisfied customers will have more passengers. This process will lead to a more successful airlines and gain a larger customer base. After working for the airlines for a few years doing airport security, I decided to review an article titled “Customer Satisfaction in Airline Industry." During my time at the airport I gained tons of experience, I saw how many of the passengers left the airport frustrated with the services offered. I think this is a good topic for me to evaluate, because it helps me to understand situations that are important within the airline industry. It will also allow me to gain insight in other areas that operate within the airport. This will allow me to have better insight if I ever chose to return to a job at an airport. In the summary of the article “Customer Satisfaction in Airline Industry” explain how the research followed on how the five dimensions of customer satisfaction was applied in the airline...
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...Current Events in Business Research Holly Sestito RES/351 March 12, 2012 Dean Gualco, EdD, MBA, MPA Current Events in Business Research The business research process begins with collection of data and then processed into information that can be used to define more details on where, when, how, and what type of business is needed for that type of section. When deciding to start my own business with Scentsy I had to first collect data as to what the company was that I was getting into. Then I had to decide if I like the product that was being sold enough to sell it myself. The next variable would be whether or not people would buy it and if I would have continued product sales. The methods for this company sell best by word of mouth and my group parties. The empirically testable hypotheses in this case are that other people are selling the product and are doing great at it. This company is growing at such a fast rate that the people that involve themselves into it will be guaranteed to make nice amounts of money from a great product and business plan. When competing with other type of businesses they have a unique product that will not burn skin, and they have a one of a kind product that no one else has. Statistically the products are safer than party-light because there is no open flame Scentsy uses only a light bulb to heat and release the fragrance. It is proven that candles left unattended can cause a fire. While Scentsy only uses a light bulb this can be a drawl...
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...Current Events in Business Research RES/351 Current Events in Business Research Introduction: This paper will describe the business research process of an article that I have chosen that is close to the area of management within a business that I will be using. I have chosen the article “Optimal spares and preventive maintenance frequencies for constrained industrial systems” P. Lynch 2013, to assess the research process used. Also, I will be discussing how the research is solving the problem. Finally I will identify other potential applications using business research. The research Problem: This case study is about the spare parts for maintenance, and it tries to give an explanation thru research for how a genetic algorithm can be made to make a model of what types of spare parts you will need with an accurate inventory. I find this article very interesting because this is one my problems at work that I’m trying to tackle. And giving an analogical approach to resolve my issue could be useful. This will be a great chance to practice my new skills in research. The Research Process Used: The research used a problem definition to clearly examine the problems that the research will help avoid or correct. The research has an outlined proposal has to how the problem could be resolved by using the genetic algorithm. I feel that the research was performed with high ethical standards to achieve the final results. The limitations are clearly defined with the setup...
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...Market Research Paper MKT 421 November 22, 2011 Market Research Paper Kathy Kudler established Kudler Fine Foods as an elegant connoisseur food market. Through her love for catering and dissatisfaction in shopping, Kathy developed an upscale food market offering a wide variety of the most refreshing ingredients and handpicked products at affordable costs with effective and knowledgeable staff. Kathy became a success by mixing convenience and affordability. She plans to expand the organization by including a catering service in addition to the in-store affairs currently available. Kudler Fine Foods is continuing to develop the organization to reach the objectives of meeting the consumer needs and becoming more successful as an organization. The first step in achieving this result is building a solid foundation and identifying the marketing mix. Marketing Research Defined Marketing research can be defined as the array and analysis of information to assist in the decision making process. As identified on the Kudler website, additional marketing research is needed to determine a defined action. The surveys were not capable of providing an adequate effect. Further surveys could produce a trend in results of consumer reaction to gain accurate input regarding customer satisfaction with the current services and products offered. Through the current surveys, the results showed the consumers were disappointed, but further detail is needed to choose the appropriate course of...
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...Week 1 Current Events in Business Research The Business Research Process is a process that will benefit a company to its fullest potential. When thinking of this process, one must be open to investigate all aspects surrounding the company in mind. The business research process consists of learning everything there is to learn about the company, its customers, competitors, and the industry in which it evolves. The main goal of this process is learning about products and services being sold, recognizing what type of customer feedback is received, the type of customers being brought in, when and where to distribute, and also price range and promotions. I am a cosmetologist and this is determined to be a very competitive industry. Our main goal is keeping up with the current trends. In today’s world hairstyles, makeup, and fashion change on a daily basis. One day it’s in and one day its out! We continuously attend hair shows and classes to keep up with the latest styles and products on the market. Clientele is essential when working within this industry. As a company, we also monitor other salons in the area to assure that our prices are competitive. Usually word of mouth is the best promotion in this business but we also run ads in the Sunday paper at times offering deals and sample products. We also keep a variety of products so that our customers have the opportunity to choose the product of choice. We also offer products within the salon for at home management...
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...Table of contents Table of contents 2 1.0 Proposed Research Question: 2 1.1 Rationale for study 3 1.2 Research aims or objectives 3 2.0 Introduction 4 3.0 Industry Context 5 4.0 Proposed literary review 6 4.1 The current DFB arrangements for dealing with flooding 7 4.2 Business Continuity Management 7 4.3 Business Impact Analysis: 8 4.4 Enhancing Organisational Response Capacity 9 4.5 Building resilient communities 11 4.6 New Dimensions Programme 11 4.7 2007 Flooding & HVP’s 12 4.7.1 Qualitative assessment of HVPs in 2007 flooding: 12 4.7.2 Quantitative assessment of HVPs in 2007 flooding 13 5.0 Research Design and Methodology 13 6.0 Time Scale 14 7.0 Potential problems 14 8.0 Intended Outcomes 15 9.0 Bibliography 15 Appendix A. Letter to the Office of the Chief Fire Officer. 17 1.0 Proposed Research Question: A review of the current arrangements for dealing with major flooding incidents in Dublin, and suggested improvements that enhance both organisational response capacity and community resilience for such events. 1.1 Rationale for study Recent events have exposed vulnerabilities around the Dublin Fire Brigade’s (DFB’s) ability to maintain business continuity whilst conducting major flooding incident operations. Enhanced preparedness, better public and community engagement, and specialised asset acquisition will be examined as methods of increasing organisational resilience, whilst keeping the most vulnerable people within the...
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