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Concept
• Management is what managers do.
• It is a set of objectives carried out by the manager including
planning, organizing, controlling, directing, leading all
organizational resources for achieving organizational goals in most
effective and efficient manner.
• Management research indicates to a set of activities directing
towards the study of various dimensions of the business problems
and to find the appropriate way to solve such business problems.
• Management research involves the systematic way of gathering
processing, analyzing data to make an appropriate business
decision.
• Management research helps the managers to minimize risk and
proper utilization of resources.
Nature of management research
Management research is an organized, systematic and
logical investigation directed towards identifying business or
managerial problems and acquiring an appropriate tool for
solving such problems.
The nature of management research are:-
1. Committed to Business Drives and Commercial
Advantage.
2. Systematic
3. Identifies Business or Managerial Problems.
4. Generalizability
5. Ethical Neutrality purposive and Goal Oriented
6. Qualitative as well as Quantitative
7. Fundamental as well as Applied Research
Value of Management Research in Business Decision Making