Exploratory research design focuses on gathering either primary or secondary data using a formal or informal process to interpret them. Some exploratory design includes projective techniques , focus groups and in-depth interviews.
The essentials of success of business is customers,it's the foundation of the business who keeps for the long existance, without them (customers), the business will not be successful.
Labor, entrepreneurship, land cost.
Reduce cost and increase profit for shareholders
the nature of operation research?
Primary research or field research, is more expensive than secondary research because the material is not already available, hence the researcher must conduct their own research, creating surveys etc, which all cost money. Secondary research or desk research, is already available in libraries, the internet etc so the researcher does not have to conduct research, therfore requiring no/ little money
I am looking for few examples of exploratory research.
Exploratory research is when researcher little idea about topic and not applied previous theories or ideas.
Exploratory Research also known as formulative research that focus on the discovery of ideas and insights as opposed to collecting statistically accurate data.
ADVANTAGES: 1) The purpose of exploratory research is to know the unknown 2) It narrows down the scope of investigation
Exploratory research is that is in explicit in nature. And the result of this research is reliable.
Exploratory research is that is in explicit in nature. And the result of this research is reliable.
exploratory descriptive
Advantages of exploratory research are: In depth understanding of subject, Idea testing, guidance to researchers, Flexibility of sources, Better conclusions, Strategic planning.
Exploratory research has four defining characteristics. These include business importance, a practical element, combinations of theory, as well as dependable and useful facts.
Advantages of exploratory research are: In depth understanding of subject, Idea testing, guidance to researchers, Flexibility of sources, Better conclusions, Strategic planning.
The two phases of market research are exploratory research and conclusive research. Exploratory research helps to define the problem and gather initial insights, while conclusive research provides specific answers to the research questions through data collection and analysis.
Some of the advantages that go along with exploratory research design include flexibility of sources, strategic planning, and better conclusions. Some of the disadvantages that accompany exploratory research design include the fact that it is not usually very useful for the purpose of making decision on their own.