Reference no: EM131030850

The Value of Management Research for Decision-Making

Think about the last major organisational decision you made on your own or as part of a team. How was the decision made? Did you, or your team, make a decision about what seemed right given the specific situation and your professional experience, or did you conduct research to inform your decision? Sometimes it is difficult to incorporate research in all decision-making processes due to constraints, such as lack of time, funding and people available to help. However, when feasible, evidence-based decisions can provide a more solid foundation for organisational decisions.

In this Shared Activity, you will analyse the role of the practitioner-researcher in business organisations by comparing three management research studies included in this unit. These examples demonstrate the value of management research and its practical application. You will also compare how each example could inform management decision-making, and in the second week of Unit 1, you will extend your discussion by sharing ideas on how to begin identifying research topics and resources you can review to assist you in selecting a research topic. You can start by considering research topics that are directly related to your current role within an organisation or a new role that you are interested in undertaking.

To prepare for this Shared Activity:

Reflect on the management research literature you have read throughout your programme and its potential value for informing management practice. Read the assigned readings and management research examples.

Consider how each example provides findings or results that could inform management decision-making.

To complete this Shared Activity:

By approximately Day 4 of Unit 1, post a comparison of how the three examples of management research provided could each inform management decision-making.

How are the three examples similar or different in their approach to the problem studied?

How could a manager use the findings and conclusions presented in each example?

Would a manager find the studies of equal value, or would differences in research approach lead to differences in a study's value for informing management decision-making?

Review your colleagues' posts and respond to colleagues with ways of expanding on their ideas or ways of thinking about the examples differently.

Discuss possible reasons behind similarities and differences in your views.

Discuss as a group the potential value of specific kinds of research for informing management practice and how you, as a manager or leader, engage in or use research in your own practice.