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Business Research for Decision Making

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Unit 1 IP - Managerial Decision Making + Research Design, Part 1

Individual Research Project - Preliminary Research Design
Click here to view the Sekaran diagram on the research process.
This assignment has two parts:
Part 1
The term "formal research" traditionally refers to conducting an experiment under controlled conditions in order to discover, demonstrate or test a hypothesis. On the other hand, a "business proposal" is considered the systematic gathering of information with the intent of arriving at an optimal solution for a given problem or situation. Each one has its application and value in the business setting, yet there are also attributes that are unique to each one.
For the first part of this assignment, compare and contrast the theoretical and practical differences between "formal research" and "business proposals". What are some commonalities? What are some differences? What are the capabilities of one in contrast with the capabilities of the other? Use sources available on the web, the library from the textbook to support your arguments and remember to include these sources in the references section of your paper.
While you are working on the assignment, read the article "The Disconnect Between the Science and the Practice of Management" for additional assistance on the subject.
Part 2
For this second part, search one of the five 'testable statements' (hypothesis) listed below and conduct a survey of the literature using one of the article collections (databases) in the Library. Based upon the elements of how to construct a literature review suggested in the Sekaran textbook and additional sources, prepare an actual 3-4 page Literature Review (Step 2 of the Sekaran process) that address the most relevant findings reported in research articles which address, support, or refute your chosen hypothesis. Pick one of the following hypotheses to compose your Literature Review:
H1: There is no relationship between customer satisfaction and loyalty.
H2: A significant relationship exists between the age of the workforce and increased levels of job satisfaction.
H3: There is a statistically significant relationship between the emotional quotient (as measured by the emotional intelligence scale) and the age of business administration students.
H4: There is no relationship between a sense of employee empowerment and productivity.
H5: Education level is positively related to the levels of stress in the job.
Please note that this assignment will be a building block for week 2 IP.
Using the Library, the Internet, and your course materials, write a 5-7 page document using MS Word 2007 that addresses the questions in each part of the assignment.
NOTE: Part 2 will be used for your research report in Unit 2 and Unit 4.
Your report MUST include a reference list in correct APA format. Please note that all the sources used in your Literature Review also need to be listed in your references section. All research should be cited in the body of the paper. Reports without citations may not earn any higher grade than a 'C' letter grade.
NOTE: Scholarly article collections may be accessed in the Library. Suggestions are:
? ABI Inform Global
? Academic Search Premier
? Business Source Premier
Source:
Buckley, M. R., Ferris, G. R., Bernardin, J., & Harvey, M. G. (1998). The disconnect between the science and practice of management. Business Horizons, 41(2), 31-38. Retrieved February 6, 2009, from the Business Source Premier database.
Please submit your assignment as an MS Word document in APA Style format.

Objective: The Objective of the Unit 1 IP Assignment will involve the following the Course Outcomes and Grading Criteria with their respective percentages for the Grading Rubric:
? Compare reflective and expedient decision making. (70%)
? Apply the standard of APA Style to all research and writing tasks. (10%)
? Apply critical thinking skills to analyze business situations. (20%)
Unit 2 DB
Deliverable Length: 5-7 paragraphs

Important Course Information
Course Overview
Throughout this course you will be responsible to apply APA Style writing for all of your assignments. Please review the AIU APA Guide for a better understanding of what is expected on all assignments in this class. (Click here to view the AIU APA Guide). These documents will provide you guidance on how to demonstrate your understanding of proper APA Style writing.
Think about a recent business decision you have made that was either a success or a failure. Your supervisor asked you to email him/her a self-evaluation of this decision as part of your yearly evaluation (please note: post your evaluation within the Unit 1 DB thread, not an actual e-mail to your instructor). You are to be as objective and open minded as possible. Analyze your decision using Bazerman & Moore's six steps as a guide: define the problem, identify the criteria, weigh the criteria, generate alternatives, rate each alternative on each criterion, compute the optimal decision. Make sure your email addresses the following issues:
1. Were there any discrepancies between the calculated "optimal" decision and your actual (or favored) decision? (Make sure to show your calculations.) If so, what might account for the discrepancies?
2. What problems did you encounter when completing the steps? (For example, what were the challenges of computing the optimal decision?)
3. What were weaknesses in the "fully rational" model of decision-making?
Use the Library or other Web resources to support your argument. Be sure to cite your sources using APA Style guidelines.
Source:
Bazerman, M. H., & Moore, D. A. (2009). Judgment in managerial decision making (7th ed.). Hoboken, NJ: Wiley.
Your work MUST include a reference list. All research should be cited in the body of the paper. Reports without citations may not earn any higher grade than a 'C' letter grade. Your report should contain a short introduction and conclusion in addition to the body of the paper. Please note that if you have a source in your reference section, you need to cite it in the body of the paper per APA guidelines and vice-versa.

Objective: The Objective of the Unit 1 DB Assignment will involve the following the Course Outcomes and Grading Criteria with their respective percentages for the Grading Rubric:
? Summarize the role of decision making in business. (30%)
? Discuss common biases in decision making. (20%)
? Compare reflective and expedient decision making. (10%)
? Apply the standard of APA Style to all research and writing tasks. (10%)
? Apply critical thinking skills to analyze business situations. (10%)
? The remaining 20% of the grading will be based on your in-depth interactions with your colleagues.

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Solution Preview

The response addresses the queries posted in 2936 words with references.

Individual Project

Part 1

//In the document, we would discuss some of the theoretical as well as the practical differences that exist in a formal research and a business proposal. We would also discuss some of the commonalities and the capabilities in a business proposal and a formal research.//

There are various differences in a Formal Research as well as a Business Proposal. The variations in the two types of researches comprise of the differences in the content, academic style of writing as well in the manner the research is accomplished. Formal research pertains to the conduct of experiments to verify a stated hypothesis. On the other hand, a Business proposal is made to find out a solution of an existing business problem. This is accomplished with the systematic assemblage of data as well as information relevant to the business problem (Differences between a business proposal and formal research, n.d.).

In a formal research, there is a fixed format of writing a research paper, on the contrary, a business proposal is written in a format prescribed by the organization. In writing a formal research paper, an inclusion of abstract is mandatory, whereas in a business proposal, there is always an executive summary that has to be mentioned and then rest of the other contents of the business proposal are specified after the executive summary.

Though both the aforesaid researches rely on the various methods of data collection, but then the selection of the method depends upon the suitability of the method in accordance to the research topic. For instance, the literature reviews are used by both the kinds of researches but there is a remarkable difference in the type of articles used for them. For a formal research, the articles used for the literature analysis comprise of academic and scholastic articles, retrieved from an authentic online source or a journal (Differences between a business proposal and formal research, n.d.)

On the contrary, if for the literature review articles are used then the articles pertain to the trade and commerce that may provide vital information that proves to be of immense benefit for the growth of the business or the organization. If the organization wishes to find out a solution to an existing problem, then, solutions are sought by assessing a similar situation in the industry and utilizing the best industry practices for solving the issues.

In a business proposal often the best and the most appropriate solution is sought that identifies the key issues in the business and helps in the problem solving. However, in a formal research the problem statement is formulated by the researcher and then the specific problem statement is verified by the utilization of the various methods that verify and assess the problem statement. A hypothesis is included in a formal research which has to be proven and tested, whereas in a business proposal hypothesis is generally not used.

//Further in the research we would discuss the commonalities, capabilities and the practical differences in a formal research and a business proposal//

There are commonalities in both the kinds of researches. The similarities comprise in the approach of the types of research. Both types of research follow a similar pattern of writing in the sense, that there is an inclusion of a problem statement in the researches , both the researches have a purpose that has to be achieved through the conduct of the research. So, it can be said that the structure of the research in the two different types of researches is common.

There are surely differences in the capabilities of a formal research and a business proposal. There are differences in the outcomes of both kinds of researches. The Business proposal is capable of assessing the problem pertaining to the industry or the organization, whereas, the formal research is capable of finding out solutions, testing a hypothesis pertaining to the subject undertaken by the researcher. The outcomes of a business proposal helps in resolving important issues pertaining to the business activity of the organization or the industry in which the organization exists, whereas, the formal research is capable of retrieving or extracting information specific to the research topic undertaken by the researcher. The outcomes may then be used for the conduct of future researches by other researchers.

The practical differences among the two types of researches lies in the manner the two types of researches are conducted. Various analytical tools, such as SWOT, PEST analysis are used to draw vital information ...

Solution Summary

The response addresses the queries posted in 2936 words with references.

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