- MemberOctober 30, 2021 at 3:32 pm
Research is often related to scientific invention or discovery. However, research is applicable all industries and our daily life. Even in our daily life, we are keen to know about something or learn about something around us. We often ask question such as “Why”, “What”, “How” and “When” within ourselves. That lead to many questions and the process of finding the answers are called as research too.
In business, research is to gather, analyse, understand the market, products, customers, services, competitors, market pain, human capital and development is necessary for a successful business planning. Research in business identify the problem areas, provide vital data from the research for decision making. Proper research minimizes the business risk and able to make well informed business decision.