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B​‌‍‍‍‌‍‌‍‍‍‌‌‌‍‌‌‌‌‌‌​usiness and management research is often applied or actio

B​‌‍‍‍‌‍‌‍‍‍‌‌‌‍‌‌‌‌‌‌​usiness and management research is often applied or action-oriented, interdisciplinary, empirical, conducted within the context of real-world organisations, uses quantitative methods and is designed to inform decision-making within organisations. This type of research is practical and useful for those working in business and management settings (Cassell & Lee, 2011).
I think understanding the distinctiveness of business and management research and why this should be considered when specifying research questions and objectives is critical for the success of our future projects.
Moreover, it is widely accepted that business and management research is distinctive when compared to other forms of research in academia. For example; business and management research is designed to inform decision-making within organisations, rather than simply understanding or describing phenomena. Business and management research is interdisciplinary. This means that it draws on multiple disciplines, including economics, psychology, sociology and anthropology (Tranfield & Denyer, 2004: Tranfield & Starkey, (1998).
Businesses are usually interested in applied research that has a direct impact on business performance, while academic institutions are generally more focused on basic research that contributes to the understanding of business phenomena (Saunders et al., 2019: Bell et al., 2022).
Upon critical analysis, several of the academics already cited in this post suggest there are several benefits of conducting business and management research. First, research can help organisations improve their performance by providing insights into best practices. Second, research can help organisations make better decisions by providing a rigorous, evidence-based assessment of different op​‌‍‍‍‌‍‌‍‍‍‌‌‌‍‌‌‌‌‌‌​tions. Third, research can help organisations to innovate and stay ahead of the competition by generating new ideas and insights. Finally, research can build the capacity of organisations by developing the skills and knowledge of their employees.
However, according to Tranfield and Denyer (2004) and Tranfield and Starkey (1998), there are several challenges that need to be considered when conducting business and management research. First, the nature of businesses makes it difficult to collect data that is representative of the population. Second, businesses are often reluctant to share confidential information with researchers. Third, the time frame within which research must be conducted is often very short. Fourth, the resources available to conduct research are often limited. Finally, the results of the research are often not immediately actionable.
Would the group agree that despite the challenges, business and management research can be a valuable tool for organisations?
References
Bell, E., Bryman, E. & Harley, B. (2022) Business Research Methods. (6 Ed). Oxford: Oxford University Press.
Cassell, C. & Lee, B. (2011) Challenges and Controversies in Management Research. (Eds). New York: Routledge.
Saunders, M. Lewis, P. & Thornhill, A. (2019). Research Methods for Business Students. (8th Ed). London: Pearson.
Tranfield, D. & Denyer, D. (2004) Linking theory to practice: A grand challenge for management research in the 21st century?. Organization Management Journal. 1(1): 10-14. DOI: https://doi.org/10.1057/omj.2004.4.
Tranfield, D. & Starkey, K. (1998) The nature, social organization and promotion of management research: Towards policy. British Journal of Management. 9(4): 341–53. DOI: https://doi.org/10.1111/1467-8551.001​‌‍‍‍‌‍‌‍‍‍‌‌‌‍‌‌‌‌‌‌​03.

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