Preparing to Conduct Business Research
Preparing to Conduct Business Research Part Three
Team A
RES/351
Preparing to Conduct Business Research Part Three
In the business world today, management must know how to conduct business research for their organization to stay competitive. Organizations that stay competitive are those who have the knowledge to conduct business research and/or surround themselves with management that has the knowledge to do so. Knowing the right question to ask and how to get the answer is significant to reaching the organization’s goal.
Problem and Purpose The key to staying competitive is communication. One must clearly be able to identify the problem and the purpose of each program one is ready to implement either to improve or reach the businesses’ destination. For example, at Valley, the problem is that majority of the production standards are incorrect and not up to date, which causes the production to be inefficient. For instance, if the standard says twelve hitches an hour and the operator can only make ten hitches an hour, the efficiency is out the door. On the other hand, if a program was implemented and discovered that the standard is ten hitches an hour, the efficiency is good. The purpose of implementing the program is to find the root-cause, improve the process, and update the new data into the system. Without a clear thought and view of the situation, one will likely end up wasting valuable time and money. In short, if a business wants to be successful, a business must know the bottleneck and the resolution of implementing the program. The Significance of finding a Solution to the issue, problem, and opportunity. The significance of finding a solution to the issue, problem, or opportunity is to improve the production line and stay in business. For example, at Valley, without the implementation of the program to improve and correct the standard pieces an hour, it does not matter how hard the employees work,
Team A
RES/351
Preparing to Conduct Business Research Part Three
In the business world today, management must know how to conduct business research for their organization to stay competitive. Organizations that stay competitive are those who have the knowledge to conduct business research and/or surround themselves with management that has the knowledge to do so. Knowing the right question to ask and how to get the answer is significant to reaching the organization’s goal.
Problem and Purpose The key to staying competitive is communication. One must clearly be able to identify the problem and the purpose of each program one is ready to implement either to improve or reach the businesses’ destination. For example, at Valley, the problem is that majority of the production standards are incorrect and not up to date, which causes the production to be inefficient. For instance, if the standard says twelve hitches an hour and the operator can only make ten hitches an hour, the efficiency is out the door. On the other hand, if a program was implemented and discovered that the standard is ten hitches an hour, the efficiency is good. The purpose of implementing the program is to find the root-cause, improve the process, and update the new data into the system. Without a clear thought and view of the situation, one will likely end up wasting valuable time and money. In short, if a business wants to be successful, a business must know the bottleneck and the resolution of implementing the program. The Significance of finding a Solution to the issue, problem, and opportunity. The significance of finding a solution to the issue, problem, or opportunity is to improve the production line and stay in business. For example, at Valley, without the implementation of the program to improve and correct the standard pieces an hour, it does not matter how hard the employees work,
References: Cooper, D.R., & Schindler, P.S. (2011). Business Research Methods (11th ed.). Retrieved from The University of Phoenix eBook Collection database. Golicic, S. L., & Davis,, D. F. (2011, June). Benefits and challenges of conducting multiple methods research in marketing. Academy of Marketing Science. Journal39.3, Vol. 39, Issue 3(), p. 467-479. Sherren, J. (2005, June). Ethics in the workplace. Trade Journals, Vol. 8, Issue 4 2p.p.4-5. Retrieved from http://search.proquest.com.ezproxy.apollolibrary.com/docview/230359334?accountid=458