Current Events in Business Research
Recently in our workplace, the top leaders were faced with a dilemma that required the business research process. They had to decide whether it was cheaper to refurbish our organization’s building or tear it down and build from the ground up. Before making this decision, the office took a survey from the employees. Some of the questions included how much room was needed versus what we had based on experiences and what benefits would a new building bring to the organization. After the survey, employees did some brainstorming with top leaders to see where they stood on the issue. They researched the cost of each project individually. They cost was determined by need versus want, advantages versus disadvantages, and budget. Leaders also had to figure out a timeline to get the project done and had to determine where employees would work during this transition. After thorough research, the reports were brought back for comparison and analysis. They had to determine what was best for the organization. They had to determine if following the budget was more important than quality. They also had to decide whether the solution was good for the present, the long run, or both. Through research, they found that because the current building is so old, so much damage had been done and most of the components were outdated, it would be cheaper to tear it down and rebuild. Research gave them the answers to the questions they had, tips, and recommendations. Without research and following the proper process, they would have had difficulty trying to piece everything together. The company would not have had enough information to make a logical business decision. With the information gathered, leaders determined the pros and cons and decided that it would be best to tear down the building and rebuild. The project start date of January 2014.