...-- As per a report published by CNN these days the mobile phones have become an increasingly ubiquitous part of our daily lives, they've had the effect of unleashing a kind of epidemic of spontaneity. We have started relying on these smart devices and as a result, a lot many of us have become exceptionally bad at planning. This has made us incapable to prioritize and set vague parameters for meetings and work out other finer details pertaining to our lives. This has resulted into our last-minute mania and accordingly it has started to shape a way in which we make hotel reservations for our dream holidays. Henceforth, the proliferation of Smart phones and the Mobile Internet is finally beginning to have an impact on the way that people research and book their holidays. Though there are several Apps in the market which has enabled people to book flights and hotels on these several smart devices, but there has been scepticism about people that they actually book their next holiday on a mobile phone or other devices, where the size of screen is being seen as the main hurdle for such a high priced purchase. [1] I chose this topic because nowadays technology is ruling the world and from work to leisure; people approach smart phones, mobiles and iPads. It is very obvious that in today’s busy world people do look for leisure activities. Therefore, I decided to choose this topic because I myself have a keen interest in holidays and look for leisure activities. I intend to create...
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...Research Methods for Strategic Managers to Aid in Decision Making Abstract [P1] Managers can be trained to make better decisions. They also need a supportive environment where they won’t be unfairly criticised for making wrong decisions and will receive proper support from their colleague and superiors. A climate of criticism and fear stifles risk-taking and creativity; managers will respond by ‘playing it safe’ to minimise the risk of criticism which diminishes the business’ effectiveness in responding to market changes. It may also mean managers spend too much time trying to pass the blame around rather than getting on with running the business. The study is based on all-embracing research to assemble information from a variety of sources such as internet, interview and books. The research was conducting on the decision making in the different economic scenario data was collected and results were evaluated. Introduction [P1] [1.1] Some decisions are difficult because of the need to take into account how other people in the situation will respond to the decision that is taken. The analysis of such social decisions is more often treated under the label of game theory, rather than decision theory, though it involves the same mathematical methods. From the standpoint of game theory most of the problems treated in decision theory are one-player games (or the one player is viewed as playing against an impersonal background situation). In the emerging socio-cognitive engineering...
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...Week One Student Guide The focus of the course is on understanding how research improves managerial decision making using five of the six stages in the research process. They include the following: • Stage 1: Clarifying the Research Question • Stage 2: Proposing the Research • Stage 3: Designing the Research Project • Stage 4: Data Collection and Interpretation • Stage 6: Reporting the Results Chapter 1 of Business Research Methods explains why people study business research and the importance of sound decision making. The goal is to enhance your understanding of the ethical dilemmas faced by managers and the roles and responsibilities of the researcher, sponsor, and participant as detailed in Chapter 2 of the text. The goal of ethics in research is to ensure that no one is harmed or suffers any adverse conditions posed by research activities. Important concepts include the right to privacy and quality and safety of participants. Many corporations, local and state governments, and the federal government have adopted a code of ethics with laws, policies, and procedures to regulate research on human beings. In Chapter 3, we find researchers have their own vocabulary and so we begin to learn important terminology needed to formulate sound research such as the difference between a construct, proposition and hypothesis followed by knowledge of various types of variables. In practice, variables represent an event, characteristic, trait...
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...which is an organized way of continually gathering, accessing, and analyzing information that marketing managers need to make ongoing decisions. b. Decision support system ( DSS) — a computer program that makes it easy for a marketing manager to get and use information. These types of programs help marketing managers convert information into knowledge that allows them to make informed marketing strategy decisions. c. Marketing dashboard - which displays up-to-the-minute marketing data in an easy-to- read format d. Marketing model - is a statement of relationships among marketing variables. e. 2. Understand the scientific approach to marketing research. f. Scientific method - a decision-making approach that focuses on being objective and orderly in testing ideas before accepting them. g. Hypotheses — educated guesses about the relationships between things or about what will happen in the future. h. Marketing research process - is a five- step application of the scientific method that includes: i. 1. Defining the problem - Defining the problem is often the most difficult step in the marketing research process. But it’s important for the objectives of the research to be clearly defined. The best research job on the wrong problem is wasted effort. ii. 2. Analyzing the situation - When the marketing manager thinks the real problem has begun to surface, a situation analysis is useful. A situation analysis - is...
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...importance of learning about business research. Business research is important because it helps business owners find solutions to problems they may have within their company. If one wonders why he or she is not getting more customers, researching the problem is a great way to find an answer or multiple answers to this question or problem. Even though it is good to do research it is just as important to know how to research a problem. Good scientific method standards are important because it generates dependable data that executives use to make reliable and accurate decisions within the company. If scientific method standards are not met, it produces unreliable data that executives cannot use, which is a waste of time. It highly increases the risk of the managers making decisions for the business. In week one the focus was to understand how business research improves managerial decision making. The research process starts with clarifying the research question that involves defining the dilemma. Stage two of the research process is proposing research that includes resource allocation and budgets. The next two stages of the process are designing the research project and data collection and preparation. The results can be communicated in various ways, but should always be from the researcher’s perspective. We learned there are ethical dilemmas managers face when using business research to make decisions. The goal of ethics in research is to make sure no one suffers consequences...
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...Business Research Applications Paper Individuals and companies use research on a daily basis and frequently throughout the day – with or without necessarily even realizing it. Research might be conducted simply to uncover the answer to a question or determine a possible outcome to a situation. I have a close friend who works for a bank that is focusing heavily on delivering a great customer experience. She frequently shares her professional experiences with me and I find it very interesting – the mechanisms the company puts into place to measure results. It may not seem to be research in the traditional sense however the bank is constantly conducting research. Before considering the types of research conducted at this financial institution, first it is important to understand what types of research exist. According to the text book, there are four types of research: reporting, descriptive, predictive, and explanatory (Cooper & Schindler, 2011). The reporting method entails information collection. This can be a difficult task – collecting the information necessary. An important source for information is found in the gatekeeper or an expert regarding the topic being researched. The reporting method does not require interpretation – the information is as it is presented. This method can be considered one of “fact finding” as it might be considered simply a collection of facts. The descriptive method provides answers to questions of who, what, where, and how. Generally, this...
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...Drives for Employee Motivation 3 2.4.1 Management Commitment 4 2.4.2 Training and Development 4 2.4.3 Respect and Recognition 4 2.4.4 Role of pay 5 2.4.5 Proposed Replica to Motivate Workers in McDonald 6 Introduction 7 3.1 Qualitative & Quantitative Research Methods 7 3.2 Final selection for the project 7 2.3 Primary data or secondary data 8 2.4 Research Tools 8 2.5 Population Sample 8 2.6 Sampling technique 8 2.7 Advantages of qualitative research methods 9 2.8 interviews 9 2.8.1 Advantages and disadvantages of face to face interviews. 9 Literature Review 2.1 Motivation By Anne (2010) motivation basically came from a Latin-word-mover whose basic meanings indicate movement, in simple way using efficient approach/way for reaching final targets. According to Edwards (2007) nowadays in organizations motivation is treated like catalyst for getting competitive edge over rivals. By Jaffery (2009) a strong relationship exists between motivation and job performance. In view of Halverson (2005) motivation acts like oxygen for organizations and it is of huge importance especially in such business (services) where workers have direct link with consumers as in food business. It is a million dollar advice for managers in fats food companies that they must focus on identifying indicators which definitely stimulate workers for performing their jobs in an efficient manner. Fast food business has become very competitive nowadays almost all over the world. 2.2 Maslow’s Hierarchy...
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...Performing research helps to justify what we know about human nature from what we only think we know. Discovering suitable solutions to the current status quo of experimental outcomes involve exploring data analysis. The concept of research is based on the scientific method researchers use to learn, scrutinize, and explain scientific conclusions interpreted in data collected by conducting experiments, addressing questions, or creating ideas. Understanding the process of the scientific method in research involves many steps that generate evidence that can answer many problems in the human services field. Following the steps of scientific inquiry includes identifying a problem, formulating a hypothesis, performing an experiment, and finally analyzing the data from the experiment. Philosopher Hans Reichenbach’s idea of scientific inquiry included two phases. “Reichenbach’s discovery phase of scientific inquiry includes coming up with a testable idea (in the form of a working hypothesis), crafting the research materials, and developing a study design and a plan to implement it. The justification phase creates the rationale for the plan of study and the data analysis, as well as the logic behind conclusions put forward” (Rosnow & Rosenthal, 2008, Chapter 2). Each step must be included to support the scientific method to discover legitimate statements made and provide a foundation for improving choices about personal health and the health of our community. A human services...
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...organizations constantly need to change in order to stay competitive. At the same time it has also been recognized that organizations today operate on the global arena with operations spread to many different parts of the world. It is thus important to understand how an intercultural team should be managed in order to assure the success of an organizational change initiative. The aim of this study has been to provide information and guidelines that may be used by academia as well as professionals to better understand how to manage an intercultural team that conducts an organizational change. A total of six different guidelines have been presented in this research - each one important in assuring an effective teamwork and a successful organizational change. The study has been conducted using a qualitative research approach and the method used for gathering data has been interviews as well as literature studies. Keywords: Change, Change Management, Organizational Change, Intercultural Team Management, Multi-Cultural Management II Acknowledgements During the time of writing this thesis I have been fortunate enough to have received motivation, support and guidance from many different persons. I would like to thank all of you who have supported me in this endeavor. I would also like to...
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...Findings from current available literature 4 Issues from current research 5 Contribution to current literature and stakeholders 5 Section One 6 Motivation of M&A’s 6 Synergy 6 Agency theory 7 Hubris 7 Relationship between motives and financing 8 Section Two 9 Payment methods 9 Financing hierarchy vs. market conditions 9 Differing views on leverage 10 Valuation and the agency problem 10 Managerial ownership 11 Section Three 12 Performance of mergers and acquisitions 12 Performance indicators 12 Methodology 13 Profitability 13 Performance due to the motivation 14 Conclusion 15 Summary and findings 15 Areas of future research 17 Qualitative research in M&A’s 17 Decision making process for methods of payment 17 Unified methodology in determining M&A performance 17 References 19 Abstract Mergers and acquisitions have become a common practice for firms as a mean to expand and increase profitability. Existing evidence is still unable to strongly determine what factors make a successful M&A due to inconsistency in data and findings. This paper aims to provide an insight to the steps included in the M&A process by comparing existing literature and hopes to suggest key determinants of a successful M&A transaction. Evidence shows that not all acquisitions are motivated by synergy. It is argued that motive can be known by comparing the chosen payment methods and performance. Introduction Background and motivation Last...
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...Research Methods Web Assignment Name Institution Research Methods Web Assignment Research refers to creative activities that are systematically undertaken to increase intelligence or knowledge with a mission of initiating change. It seeks the knowledge based on society, culture, and human living, among other areas with an aim of disclosing facts, solving problems, reaffirm results, and supporting the theoretical perspectives of other opinion groups. Additionally, organizational research can be conducted for the benefit of its effectiveness, seek market intelligence, and for identifying the best market segments. As such, this presentation illustrates the importance of research and use of research methods within an organization. The presentation highlights the theoretical aspects of research methods, as well as opportunities and challenges associated with the use of research method. Importance of research methods Research methods are foundational constructs that frame the way relevant information is obtained for the benefit of the organization. They help the top management to get effective data that is beneficial when making informed decisions. Researchers are supposed to explore various audiences in order to come up with different results that are helpful in making decisions, appropriately. The use of research methods is important to organizations as it helps to uncover or discover unrecognized principles that are favorable its market environment...
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...Case Assignment 1 1. Build the management-research question hierarchy. The management –research question occurs during stage 1 of the research process. The approach for this stage of the research process is to state the dilemma that prompts the research and then develop other questions by progressively breaking down the original question into more specific one (Cooper & Schindler, 2014, p. 77). Our case highlights a multistage communication study undertaken by the research department of Penton Media, a publisher of business trade magazines, to determine the long-term viability of a reader and advertiser service, the reader service card, a post-card-size device used by readers to request additional information from a particular advertiser. Leveraging the scenario described in the case assignment, we will build out the management-research question hierarchy (Cooper & Schindler, 2010). Discover Management Dilemma The process begins at the most general level with the management dilemma. This is usually a symptom of an actual problem (Cooper & Schindler, 2014, p. 77). In our case study, the actual problem or dilemma is a decline in use of Penton Media’s publication reader service cards, a post-card-size device used by readers to request additional information from a particular advertiser. This postcard –sized device features a series of numbers, with one number assigned to each ad appearing in the publication. Readers circle the advertiser’s number...
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...Research Methods Web Assignment Name Institution Research Methods Web Assignment Research refers to creative activities that are systematically undertaken to increase intelligence or knowledge with a mission of initiating change. It seeks the knowledge based on society, culture, and human living, among other areas with an aim of disclosing facts, solving problems, reaffirm results, and supporting the theoretical perspectives of other opinion groups. Additionally, organizational research can be conducted for the benefit of its effectiveness, seek market intelligence, and for identifying the best market segments. As such, this presentation illustrates the importance of research and use of research methods within an organization. The presentation highlights the theoretical aspects of research methods, as well as opportunities and challenges associated with the use of research method. Importance of research methods Research methods are foundational constructs that frame the way relevant information is obtained for the benefit of the organization. They help the top management to get effective data that is beneficial when making informed decisions. Researchers are supposed to explore various audiences in order to come up with different results that are helpful in making decisions, appropriately. The use of research methods is important to organizations as it helps to uncover or discover unrecognized principles that are favorable...
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...Research and Evaluation Hunter Sparrow RES/341 January 9, 2012 Alan Unsworth Introduction Businesses are constantly going through phases of change because of internal factors or external influences. Business needs to adapt or overcome the phases of changes to prevent possible failure. Business research is a vital tool companies use for ‘‘finding solutions to a problem after a thorough study and analysis of the situational factors’’. Once employees go through the research phase the company can make a logical decision to help the business grow. This paper will cover the various factors of business research and its purpose in a company. Business research and purpose Business research can be identified as a, ‘‘systematic and organized effort to investigate a specific problem encountered in the work setting that needs a solution.’’ Business research is a combination of steps designed and executed to end with developing solution(s) to the problem(s). The purpose of going through the process of research is to provide managers with guidance to make informed decisions to successfully deal with problems. Businesses of all sizes have areas of problems that need to be dealt with; these problems can affect certain departments or the organization. Managers need to know the process of identifying problems and where to start applying new solution to help the business run effectively and efficiently Explain the business problems under investigation ‘‘Sandra had observed that her...
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...Management Research Project Research title An investigation into recruitment and selection for Wisite fire-fighting equipment (China) Table of Contents 1.0 Introduction…………………………………………………………………………3 1.1-Selected Research Paper…………………………………………………….3 1.2 -Structure of the report……………………………………………………….3 2.0 -Summary of purpose, rationale, and related literature……………………..3 2.1 -The purpose/rationale of the study………………………………………..3 2.2- Clarity of research question…………………………………………………4 2.3- Conceptual foundations……………………………………………………..4 3. 0- Research methodology and design……………………………………………6 3.1- Describe and evaluate the methodology adopted………………………6 3.1a. Research site/context…………………………………………………..6 3.1b. Methods of data collection……………………………………………..6 3.1c. Method of data analysis…………………………………………………6 3.1d. Sampling…………………………………………………………………..7 3.1e. Ethical issues…………………………………………………………….7 3.2 – Suitability of the Research Paper Methodology for Adaptation…….8 4.0 – Main Findings and Implications………………………………………………..8 4.1 – Outline the Main Findings of the Research……………………………...8 4.2 – Comments on Implications Presented……………………………………9 4.3 – Comments on Limitations Identified……………………………………..9 5.0 Conclusion………………………………………………………………………….10 5.1 – Highlights of Key Points…………………………………………………...10 5.2 – Suitability of Design for Reviewer’sResearch………………………….10 1.0- Introduction 1.1-Selected Research Paper The reviewer would select the research paper named...
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