Chapter 1 – Role of Business Research Managerial value of bus res: product-oriented, process-o, marketing oriented. decision-making process associated with devt and implementation of a business strategy involves 4 interrelated stages (1. Identifying problems or opportunities, 2. Diagnosing and assessing problems or opportunities, 3. Selecting and implementing a course of action, 4. Evaluating course of action) Evaluation research: formal, objective measurement and appraisal of the extent a given…
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