State the objectives of research and illustrate the issues and problems in research.

Q. State the objectives of research and illustrate the issues and problems in research.

Answer -

Objectives of Research 

1. Potential value of a business research effort should exceed its estimated costs.

2. Decreased uncertainty for the problem under consideration

3. Increased likelihood of a correct decision

4. Improved business performance and resulting higher profits

5. Reduce research expenditures 

6. Reduce delay of business decision and possible disclosure of information to rivals

7. Avoid Possible erroneous research results

Issues and Problems in Research

1. No clear statement of research aims, which defines the research question.

2. No proper information sheet for participants, which sets out clearly what the research is about, what it will involve and consent is obtained in writing on a consent form prior to research beginning.

3. The methodology is inappropriate to the research question.

4. The research carried out in a biased fashion.

5. The research from the beginning, have inappropriate and insufficient resources in terms of people, time, transport, money etc. allocated to it.

6. The people conducting the research not trained in research and research methods

7. Those involved in designing, conducting, analysıng and supervising the research do not have a full understanding of the subject area.

8. No fresh eyes and ears of an outsider are involved, which may lead to bias

9. Information generated from the research not informed to the policy-making process where applicable.