The Importance of Business Research
Not what you're looking for?
The new president of an old, established company is facing a problem. The company is currently unprofitable and is, in the president's opinion, operating inefficiently. The company sells a wide line of equipment and supplies to the dairy industry. Some items it manufacturers and many it wholesales to dairies, creameries, and similar plants. Because the industry is changing in several ways, survival will be more difficult in the future. In particular, many equipment companies are bypassing the wholesalers and selling directly to dairies. In addition, many of the independent dairies are being taken over by large food chains. How might business research help the new president make the right decisions?
Purchase this Solution
Solution Summary
The Solution discusses why business research is important and helps business owners make the right decisions.
Solution Preview
Business research would help the new president to make the right decisions, due to the fact that business research will provide the new president with the methodology that has been used in the past by businesses that helped them to overcome obstacles, and remain successful despite changing circumstances. In addition, business research will provide the new president with information on the activities that other companies within his industry have taken, that did not lead them to successful outcomes, which would help this ...
Education
- Criminal Justice, Elizabeth City State University
- Master of Public Administration, North Carolina Central University
Recent Feedback
- "Excellent work, from the time of my post to the time I received a response was days ahead of my requirements. "
- "Great, Thank You for our Help!!"
- "Excellent, thank you "
- "Thank you"
- "Thank you!"
Purchase this Solution
Free BrainMass Quizzes
Organizational Leadership Quiz
This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.
Understanding Management
This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.
Employee Orientation
Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.
Basics of corporate finance
These questions will test you on your knowledge of finance.
Income Streams
In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.