How does business research contribute to business success

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Reference no: EM133361989

Questions:

1. How does business research contribute to business success?
2. Provide sample scenarios.
3. How research activities be used to address business decisions? Provide examples.
4. Comment on the following statements:
a. Managers are paid to take chances with decisions. Researchers are paid to reduce the risk of making those decisions.
b. A business strategy can be no better than the information on which it is formulated.
c. The purpose of research is to solve business problems.

Reference no: EM133361989

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