Understand the purpose of budgets, learn to interpret information provided in budgets, and learn to critique the benefits and shortcomings of budgets. Why is Budgeting […]
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A Tomato that pushes you hard
Here’s a technique that you could use that will provide you enough time to accommodate more into your daily routine. Being efficiency is something that […]
RESEARCH PROCESS
Research Methods Explained
Research methods are the specific research methods, techniques or tools (such as surveys, experiments, case studies, and interviews) used to gather and analyze data. Researchers may select appropriate methods based on the the research question, type of data needed, and the resources available. A research method refers to the specific techniques, procedures, or processes that […]
The Research Process: Step-by-step guide to conduct effective research
Research process is a broader concept that includes all the steps and activities involved in conducting research from start to finish. It encompasses everything from defining research questions, literature review, data collection, data analysis, interpretation of findings, and reporting results. Planning to undertake research work? Understanding the research process will enable you to conduct research […]
Data Collection Techniques
Various Data Collection Techniques used in Research. Data collection techniques are a part of research methods. You can also read about the complete research process here. Survey Research (Quantitative Data Collection Method) Survey research is a commonly used method of collecting information about a population of interest. There are many different types of surveys, several […]
RESEARCH PROCESS
Quantitative Data Analysis
Data collection forms a major part of the research process but this data has to be analyzed to make sense of it. Here we take a look at the various methods to analyze quantitative data. Virtually any business and management research you undertake is likely to involve some numerical data or contain data that has […]
What is a Hypothesis? Steps in Testing Hypothesis
A hypothesis (hypotheses) is a statement, a proposition (suggestion) about how something might work or behave. You can develop your own hypothesis on the grounds of informal observation or your own experience if you wish to do so. You may also develop it from an examination of the existing literature. The intention of your research […]
Research Onion Model (by Saunders) Explained
The research onion, developed by Saunders and others, is an easy-to-understand diagram that shows the various stages that a researcher must take into account, in order to develop an effective research methodology (Saunders et al, 2012). The research onion describe the various stages through which the researcher must pass when formulating an effective methodology. First, […]
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Types of Market Structures Explained
Market structure refers to how a market is setup, its organizational characteristics and the level of competition within the market. Market structure influences pricing, product differentiation, and other market dynamics. Perfect Competition In a perfect competition market structure, there are many buyers and sellers. There is no one big seller that dominates the market. Monopolistic […]
The Stability (and Instability) of the Market Economy
Stability of the Market Economy Classical/Neoclassical View The economy is inherently stable. Any instability is a temporary phenomenon as the market (forces of demand and supply) has strong self-correcting tendencies which make it stable. For example, this is highlighted by: The market for loanable funds The important characteristics of this market are: The economy’s output […]
Measures of Economic Activity and Wellbeing
The learning outcomes for Economics are very broad and require us to take a critical perspective on economics. Thus, we cannot simply go through the typical introduction to economics topics such as the supply/demand model, perfect competition, monopoly, macroeconomic income determination and the like. We do go through each of these topics but we also […]
Goldilocks Economy Explained
A Goldilocks economy is an ideal economic state where every thing is economic stability. There is optimal growth, low inflation, full employment, balanced saving and spending. In such an economy, there is no risk of high inflation or recession. In the economic climate, there are three basic conditions: hot, cold and warm. A hot climate […]
Global Leadership in Modern Times: An Intersection of Culture, Politics, and Economics
Effectiveness of global leadership is seen as a key factor in global success today. Find insights on effective global leadership. Understand leadership within the context of global organizations and the interdependent world. Understand the traits and characteristics of a Global Leader that promote cross-cultural collaboration. Need for Global Leaders The world today is highly interconnected […]
