Understanding Business Research Terms and Concepts Student’s Name Course Title Institution Date Understanding Business Research Terms and Concepts Research studies is very important in society the conclusion of a research helps in making sound decisions in relation to the findings that are available. This idea also applies for business researchers who collect data and synthesize it into a meaningful information. Data or information collection is done through various means and ways. Business researchers in this case they can use two main known methods in collection of data namely qualitative design and quantitative design. Using any of the mentioned methods can be beneficial or they can give an output that is so inconclusive. Business researchers need to be well informed on what the goal of the research is so as to make a good choice for them to apply an approach that is meaningful. In this paper there is a size of the business. In conclusion business research is very important the importance of carrying out a business research assist in making good choices when it comes to solving problems at the business establishing a good market for the business and expansion of the business too. The various methods of business research discussed in this paper is up to any individual to make a choice based on their abilities and the goal of the research. References Advantages & Disadvantages of Sampling Method of Data Collection | SLN. (2017). Studylecturenotes.com. Retrieved 20 September 2017 from www.studylecturenotes.com V. (2013). Methods and Analysis of Quantitative Research in Business Logistics. SSRN Electronic Journal. dx.doi.org J. (2017). How Samsung Outflanked Apple Using Social Media Research - Research Access. Research Access. Retrieved 19 September 2017 from researchaccess.com Research. (2017). Adage.com. Retrieved 19 September 2017 from adage.com K. (2017). Qualitative interviewing and epistemics. Qualitative Research 146879411772173. http://dx.doi.org/10.1177/1468794117721738 [...]
Purpose of Assignment The Individual Assignment takes students through multiple studies that research opposing ends of the spectrum: qualitative vs. quantitative, descriptive vs. inferential. It gives students the chance to look at the strengths and weaknesses of each. Each of the designs and methods have different purposes and areas in which they are more suited and students will have this opportunity to see how they fit into different industries and purposes. Assignment Steps Locate two research studies: one in which the business problem is researched using a qualitative design and the other using a quantitative design. These should be in an industry you are currently working in or are interested in working. Develop a 1,400-word analysis of the research and include the following: Summarize each of the research studies briefly. Discuss the strengths and weaknesses of each design approach. Discuss the strengths and weaknesses of each sampling approach. Identify the specific situations in which you might choose each of the data collection instruments. Discuss the strengths and weaknesses of statistical analysis use to describe the data. Discuss whether the identified sampling method and data collection approach are appropriate for your own business, industry, or functional area. Cite a minimum of two peer-reviewed sources not including your textbook. Format the assignment consistent with APA guidelines. Click the Assignment Files tab to submit your assignment.