Compare and Contrast Various Research Concepts Paper

Compare and Contrast Various Concepts - Research Paper ExampleResearch is thus zippy to an presidential term to get access in to righteousness information, on right time and about right events in right ways. Most business organizations spend relatively a good amount of its pay on research, mostly by means of the Research and Development departments. Knowing deeply about the world most the business, especially regarding competitors, customers, other relevant stakeholders, technology, economic and political environments etcetera protagonists a business plan strategically and in effect to serve its people better. This piece of research paper explains various research concepts, plantd on reviewing the literatures and compares and contrasts these contrary concepts. This paper addresses basic concepts of business research, applied and basic research, manager and the consultant researcher, hallmarks of scientific research etc. Business Research Research is a process of seeking inf ormation to find solution to a task after thoroughly studying and analyzing situational factors (Sekaran, 2003, p. 42). Managers or specialized team assigned by the managers in most organizations engage in studying and analyzing organizational issues in order to find better solutions to it and help the organization run smoothly. A business organization force outnot take decisions on important issues unless the manager or any other body assigned for it investigate the relevant information to a greater extent deeply, mainly by collecting information on particular aspects that the business is interested on them. The information thus roll up can be used to make judgment regarding right solution to the problem. Research normally includes a number of difficult processes such as situation analysis, data collection, hypothesis development, quantitative or soft analysis and presenting the findings etc. Concepts of Basic and Applied Research Though research is normally conducted for large meter of antithetical purposes, literatures identify two different purposes for research, namely basic research and applied research. Research may be conducted for different purposes like assessing business performance, measuring financial strength, finding financial viability, recognizing human corking productivity, assessing the effectiveness of specific organizational programs like training, development etc. These are quite different examples for any(prenominal) issues or problems that a firm generally requires to find solution to and bring them under control. All these different types of purposes fall in to one of basic or applied research. Basic and Applied research Compared and Contrasted A manager or researcher may undertake the research to solve a topical problem that he currently depends in his organization. the problem he or the firm faces requires a timely and more often an immediate solution. Applied research is thus one that attempts to find solution to a curren t problem faced by the organization (Sekaran, 2003, p. 7). Basic research focuses on generating a knowledge base that can be used to comprehend a problem likely to occur in the organization in future. The organization does not currently face a problem, but it is very likely that it would face issues like financial or managerial in its future and therefore it requires to create information that can be used to analyze and solve the problems. Thomas, Nelson and Silverman (2010) described that the concept of research can be viewed through two different extremes- basic research and