All progress is born of inquiry. Doubt is often better than overconfidence, for it leads to inquiry, and inquiry leads to invention is a famous Hudson Maxim in context of which the significance of research can well be understood. Increased amounts of research make progress possible. Research inculcates scientific and inductive thinking and it promotes the development of logical habits of thinking and organization.
Research has its special significance in solving various operational and planning problems of business and industry. Operations research and market research, along with motivational research,are considered crucial and their results assist, in more than one way, in taking business decisions.
