Business Research: Definition, Methods, Types and Examples

Running head: BUSINESS RESEARCH METHODS 1
Business Research Methods
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BUSINESS RESEARCH METHODS 2
Quantitative Research Tools, in decision making, play a great role towards estimation of the
probabilities for the event plus their consequences. The tools play a great role towards helping in
the planning, monitoring of risks, scheduling and the forecasting. However, the main purpose for
quantitative approach is making the optimal decision through the usage of mathematical plus
statistical models within the situation, when probability of outcomes becomes uncertain.
Therefore, an exploration will be done showing how quantitative research tools can be used to
aid in decision making in Environmental Health and Safety sector (Hartas, 2015).
Quantitative tactic towards decision making helps in the production of results that are accurate.
This happens if the problem becomes clearly defined with the existence of alternatives plus
measurable decision outcomes. However, if there is an existence of external factors that are high
in number outside the control of the decision makers plus the unknown probability, quantitative
methods becomes very unreliable (Richards, Aziz, Bale, at el. 2015).
Quantitative approach tactics relying on the statistical software, tend to have an advantage
towards suggesting a solution for the available problem in the absence of identifying the possible
alternatives. The approach is very useful in problem solving where there is possible number of
alternatives that are very huge but only a few number of the alternatives are worth for the
selection. When the problem plus the conditions become defined, decision making procedure
becomes easier and faster at the same time (Lewin, Glenton, Munthe-Kaas, at el. 2015.)
Within the Environmental Health and Safety sector, the top management has helped in setting up
policies and tools that have been used in implementing the policies aimed at maintaining the
safety and health of the sector. The policies that are set up play a great role towards outlining the
expectations of the faculty, individual employees, and the organization at large (Babin, Zikmund,
2015).This policies are usually in line with the communication of the laboratory personnel so