Team Week 2 Reflection Summary
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Team C Week 2 Reflection Summary
Week 1 taught us the 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 from the process of research. Researchers must be aware of the credibility of the sources they choose to reference. We learned that individuals use scientific methods and scientific thinking in the business research process because of its problem-solving process. I can relate with some