Res/351 Week Two Reflection Summary

In: Business and Management

Submitted By Chrioni
Words 1013
Pages 5
Week 2 Reflection Summary Susan Johnson
RES/351
June 2, 2013
Debra Brummell

Business research is the process by which investors determine if starting an organization is a worthwhile investment. It also refers to market analysis during a corporation's lifetime that seeks information about the chance of success associated with growth endeavors. This kind of research is essential for minimizing risk in the business environment. Business research delves into the markets surrounding a company to see how well a new product, service or expansion is received. These insights include public opinion, market saturation, enterprise investors, and availability of industry resources. Determining the viability of these endeavors allows companies to move forward with growth ideas without fear of these operations floundering or proving to be a poor choice.
Conducting business research is carried out by specialized third parties so that these operations do not interfere with everyday productivity and workflow. These outside enterprises help organizations measure important business factors and invest wisely in their futures with the wisdom of what works best in an intended business sphere. Gathering all pertinent information about an investment scenario ensures that corporations are always moving forward with the best possible outcomes likely to occur. Business research applies to marketing, sales, corporate expansion, employee training, and coaching outlets in the overall likelihood that an endeavor is going to work. Any research or experiment consists of at least one independent and dependent variable and will measure the effect that independent variables have on the dependent variable. Dependent variables depend upon the value of the independent variable. A researcher will determine if the value of the dependent…...

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