Features of business research

Meaning Human beings are continuously engaged in some activity or other in order to satisfy their unlimited wants. Business has become essential part of modern world. Business is an economic activitywhich is related with continuous and regular production and distribution of goods and services for satisfying human wants. All of us need food, clothing and shelter.

Features of business research

Qualities and Characteristics of Good Reports A lot of reports are written daily. Some of them are intended to document the progress of some activities, feasibility reports, investigation reports, some of the reports are for monitoring purposes, some are evaluation reports but it is clear that all the reports have some objective and purpose behind it.

That objective and purpose can only be achieved if a report has the following qualities and characteristics: It should be factual: Every report should be based on facts, verified information and valid proofs. Clear and Easily understandable: Explained below Free from errors and duplication Should facilitate the decision Features of business research in making the right decision: If reports are reader-friendly, they are likely to be read, remembered and acted upon.

Following decisions need to be made by CSOs to make their reports reader-friendly: What do they need to know? When do they need to know? How do they like to know? Using easy, simple language, be it Urdu or English makes the report friendly on reader. To do this, here are some useful tips: Write only what is necessary Avoid repetition and redundancy Give interesting and relevant information Avoid preaching or lecturing Compose short and correct sentences Purposeful Presentation Each report has some objective s to meet.

A CSO is working for a project that has several donors, and is channeled through an agency that needs to be informed about some specific things going on in the field. CSOs reports are the main pathways or channels of information to the people who decide to fund this and other such projects.

Similarly, field reports are the amin vehicles for the management of the CSOs to make decision regarding the project itself. A good report presents facts and arguments in a manner that supports the purpose of the report. Reporting to donors is done on their prescribed formats.

In the annex, this manual provides some useful formats that can be customized by a CSO. Therefore, one over-riding principle that CSOs should aim for in all report writing is to report on the results of their activities.

This requires some analysis on their part that goes beyond a mere description of their activities. Result-focused means that description of activities is liked with the project objectives. This aspect must be addressed especially in the project progress reports. The analysis should answer the question, "How far have the project objectives been reached?

Features of business research

Reports, in suitable formats, need to be timely produced and made available to the readers. Straightforward A good report is straight forward, honest description.Business should continuously involve in research and developmental activities to gain competitive advantage.

A continuous improvement strategy helps to increase profitability of the business firm. 4. 8 Personality Traits of Effective Business People by Staff Writer Spend just a few minutes searching the Internet or the shelves of your local bookstore or library, and you will find plenty of resources that list and analyze the personality traits of effective, successful business people.

Features of Marketing Research 1) Systematic and continuous process: MR is a continuous process.

Features of business research

One type of research is not adequate to resolve all marketing problem. Similarly, new research projects will have to be undertaken to solve new marketing problem and challenges.

Five characteristics of high quality information are accuracy, completeness, consistency, uniqueness, and timeliness.

The Nature of Business -- Research

Information needs to be of high quality to be useful and accurate. The information that is input into a data base is presumed to be perfect as well as accurate.

Objectives Type Questions in Business Research - MCQs Research Methods - MCQ's The items is one of several pages on the website, Designed to test visitor’s knowledge of the basic concepts of business research.

25 Multiple Choice Questions are presented with the answers at . Marketing Research: Definitions and Features of Marketing Research! Marketers need information to interpret their past performance and analyse current marketing environ­ment. They need to develop knowledge on their particular markets.

This is where marketing research and MIS come in the picture.

Five characteristics of high quality information - Computer Business Research