10 Questions
Which phrase best captures an effective approach to decision-making in business research?
Thrive for simplicity yet follows a logical and sequential research method selection
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 compass guiding you to the right direction among solutions
What is the fundamental nature of abductive reasoning in the context of decision-making?
Starting with an outcome and working backwards to understand how and why
What is the theoretical framework of the study applied to the case study of large-scale land investments and capitalised actors?
Deductive reasoning
What problem has emerged due to remote work arrangements altering traditional work dynamics?
Difficulty in maintaining optimal levels of employee engagement
What is a key component of research skills as mentioned in the text?
Data analysis and critical thinking
What does intuition serve as in decision-making?
A gut feeling based on experiences
What is one of the reasons mentioned in the text for the importance of research skills in international business and trade?
Understanding market dynamics
Which activity is associated with research skills according to the text?
Conducting literature reviews
What is described as a key reason for a specific situation in the text?
Intuition
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.
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.
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