technology and research by mohsin

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    Allama Iqbal Open University Islamabad.

    Topic

    Technology and business research

    Presented By : Muhammad MohsinRoll No : AM572682

    Presented To : Sir waseem Ahmad

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    What Is Business Research?

    Business research is a field of practical study in whicha company obtains data and analyzes it in order tobetter manage the company. Business research caninclude financial data, consumer feedback, productresearch and competitive analysis. Executives andmanagers who use business research methods are ableto better understand their company, the position itholds in the market and how to improve that position.

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    Technology

    Technology is the making, modification, usage, andknowledge of tools, machines in order to solve aproblem, improve a pre-existing solution to a problem,achieve a goal. It can also refer to the collection of suchtools, including machinery, modifications,arrangements and procedures. Technologiessignificantly affect human as well as other animalspecies' ability to control and adapt to their naturalenvironments.

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    Technology

    Importance

    Business owners can use technology to reduce

    business costs. Business technology helps automateback office functions, such as record keeping,accounting and payroll.

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    Technology

    Features

    Business technology can help businesses improve their

    communication processes. Emails, texting, websitesand personal digital products applications, known asapps," can help companies improve communicationwith consumers.

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    Technology

    Function

    Businesses can increase their employees' productivity

    through the use of technology. Computer programsand business software usually allow employees toprocess more information than manual methods.Business owners can also implement business

    technology to reduce the amount of human labor inbusiness functions.

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    Technology

    Daily communication

    Technology has caused communication to change

    drastically, both on a personal level and a global level.It seems that everyone today carries a cell phone, andmany people almost feel lost if they forget their phoneat home. Email and text messages have also changed

    the way that people interact on a daily basis.

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    Research ProcessSteps of the research process Step 1: Identify the Problem The first step in the process is to identify a problem or develop a

    research question. The research problem may be something theagency identifies as a problem, some knowledge or informationthat is needed by the agency, or the desire to identify a recreationtrend nationally.

    Step 2: Review the Literature Now that the problem has been identified, the researcher must

    learn more about the topic under investigation. To do this, theresearcher must review the literature related to the researchproblem. This step provides foundational knowledge about theproblem area.

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    Research Process Step 3: Clearly Define Terms and Concepts

    Terms and concepts are words or phrases used in the

    purpose statement of the study or the description ofthe study. These items need to be specifically definedas they apply to the study. Terms or concepts oftenhave different definitions depending on who is readingthe study. To minimize confusion about what theterms and phrases mean, the researcher mustspecifically define them for the study.

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    Research Process Step 4: Define the Population

    Research projects can focus on a specific group of

    people, facilities, park development, employeeevaluations, programs, financial status, marketingefforts, or the integration of technology into theoperations. For example, if a researcher wants toexamine a specific group of people in the community,the study could examine a specific age group, males orfemales, people living in a specific geographic area, ora specific ethnic group.

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    Research Process Step 5: Collect Data The actual study begins with the collection of data. The

    collection of data is a critical step in providing the informationneeded to answer the research question. Every study includes the

    collection of some type of datawhether it is from the literatureor from subjectsto answer the research question. Data can becollected in the form of words on a survey, with a questionnaire,through observations, or from the literature.

    Step 6: Analyze the Data

    All the time, effort, and resources dedicated to steps 1 through 7of the research process culminate in this final step. Theresearcher finally has data to analyze so that the researchquestion can be answered. In the instrumentation plan, theresearcher specified how the data will be analyzed. Theresearcher now analyzes the data according to the plan.

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