Importance of research for a student of Business Administration
A research study is important because it provides a scientific way to improve or develop new methods of health care. ... Research studies are important because they contribute to knowledge and progress on diseases and disorders. Research is the fastest and safest way to find treatments that work.
The major purpose of business research is to provide executives with knowledge regarding the organization, the markets, the economy, finance, and sales. Business intelligence enables the executives of the company to make better and rational decisions based on the results provided by the research.
The goal of doing market research is to equip yourself with the information you need to make informed business decisions about start-up, innovation, growth and the 4 'Ps': Product, price, place, and promotion. Product — Improve your product or service based on findings of what your customers really want and need.
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