Podcast
Questions and Answers
Which phrase best captures an effective approach to decision-making in business research?
Which phrase best captures an effective approach to decision-making in business research?
- Prioritise intuition over logic in selecting research methods
- Use as many methods for a diverse research approach as possible
- Maximise complexity for comprehensive analysis
- Thrive for simplicity yet follows a logical and sequential research method selection (correct)
In research-focused decision-making, which analogy best represents the role of intuition in choosing the most relevant solution in a situation or context?
In research-focused decision-making, which analogy best represents the role of intuition in choosing the most relevant solution in a situation or context?
- Intuition as a flashlight illuminating the darkest corners of your research problem
- Intuition as a compass guiding you to the right direction among solutions (correct)
- Intuition as a maze with multiple pathways leading to a single answer
- Intuition as a closed door guiding your decisions
What is the fundamental nature of abductive reasoning in the context of decision-making?
What is the fundamental nature of abductive reasoning in the context of decision-making?
- Collecting data that can subsequently be interpreted for significance and clarified for meaning
- Starting with an outcome and working backwards to understand how and why (correct)
- Choosing the most appropriate alternative hypotheses
- Applying wisdom to make smart choices based on what's most significant for a given circumstance
What is the theoretical framework of the study applied to the case study of large-scale land investments and capitalised actors?
What is the theoretical framework of the study applied to the case study of large-scale land investments and capitalised actors?
What problem has emerged due to remote work arrangements altering traditional work dynamics?
What problem has emerged due to remote work arrangements altering traditional work dynamics?
What is a key component of research skills as mentioned in the text?
What is a key component of research skills as mentioned in the text?
What does intuition serve as in decision-making?
What does intuition serve as in decision-making?
What is one of the reasons mentioned in the text for the importance of research skills in international business and trade?
What is one of the reasons mentioned in the text for the importance of research skills in international business and trade?
Which activity is associated with research skills according to the text?
Which activity is associated with research skills according to the text?
What is described as a key reason for a specific situation in the text?
What is described as a key reason for a specific situation in the text?
Study Notes
Effective Approach to Decision-Making
- A research-focused approach is effective in decision-making.
Role of Intuition in Decision-Making
- Intuition is like a "gut feeling" that guides the choice of the most relevant solution in a situation or context.
Abductive Reasoning in Decision-Making
- Abductive reasoning involves making an educated guess or hypothesis based on incomplete information.
Theoretical Framework of the Study
- The study applied a theoretical framework to the case study of large-scale land investments and capitalised actors.
Challenges of Remote Work
- Remote work arrangements have altered traditional work dynamics, leading to a lack of face-to-face interactions and reduced social cues.
Key Component of Research Skills
- Critical thinking is a key component of research skills.
Role of Intuition in Decision-Making
- Intuition serves as a catalyst for further research and analysis in decision-making.
Importance of Research Skills in International Business
- One reason for the importance of research skills in international business and trade is to navigate cultural differences and nuances.
Association of Research Skills
- Research skills are associated with the activity of collecting and analyzing data.
Key Reason for a Specific Situation
- A lack of transparency and accountability is described as a key reason for a specific situation in the text.
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Description
Explore the various skills and techniques involved in research, including data analysis, critical thinking, information gathering, problem-solving, interviewing, surveys, questionnaires, literature reviews, database usage, and proper source referencing. Understand how research skills contribute to evidence-based decision-making, business sustainability, societal progress, and personal development.
