Importance of Managerial Values in Business Research

BUSINESS RESEARCH
Question 1
I do disagree with the statement “there is no managerial value in doing research in business”.
Managerial values serve as guiding principles for every single operation of the business (Pera,
Occhiocupo and Clarke, 2016). Management keeps all plans on check while values regulate the
plans on operation. Therefore, managerial value is the shadow for the successful business
activities and operations. On regards to business research, managerial values have the following
benefits;
Managerial values helps to minimize ambiguity by providing reliable information that aid
decision making. In relevant to business research, a managerial value conveys the business
purposes by proving the road map on what is to attained and, helping a researcher to remain
focused by keeping track on the directions related to the research activity.
Managerial values help to reduce risk associated with business research such as confidentiality
risk and legal risk among others. With managerial values, researchers will be able to remain
guided by the principles which stipulate the direction to take and the future outcome of the
research project. A managerial value crystallizes research activities by bringing together the
objectives and the goals of the business research, this helps the researcher not to lose the track of
ongoing research activities.
Managerial values add value to the quality of the research being conducted. The researcher will
be in position of not diverting from subject matter and therefore remain keeping the required
standards of the research.

Through managerial value, the professionalism will be highly observed. The issues to do with
misuse of research ethics such as data manipulation, data mispresentation, plagiarism, collusion
and many more shall be minimized.
Question 2
Theory in accounting research is a basis or group of assumptions developed to study financial
reporting application principles (Beattie, 2014). Accounting theories involves analysis of both
historical accounting practices foundation as well as changes in governing regulatory accounting
framework.
There is need for theory in accounting research. This is because, it form the basis of rules used
by financial practitioners in preparing useful financial document (Richardson, 2012). Accounting
theories create uniformity in preparing financial report and also enables clear understanding by
both practitioners and users. The theories help users of financial document to make sound
decision based on their study.
Accounting theories creates awareness on the developing financial matters and also create room
for the further research. Theories give support to the existing principles and build the foundation
for the future financial reasoning changes.
Theories are used in building research propositions and hypothesis in the following ways; theory
is basically an idea intended to explain something. These ideas are characterized by assumptions
derived from the study problem. From these assumptions, prepositions are build which in some
cases may require effort and support to obtain meaningful results from it. On the other hand,
when these propositions are tested, they develop to hypotheses. Hypotheses are testable and
quantifiable while propositions require no laboratory testing.

Yes, we can accept or reject theory after a field of inquiry. Theory is an idea and not the fact,
though when well studied and researched, it can develop to fact. On this regard, when theory is
relevant to the research problem and, addressing all the issues on question, it can be accepted
whereas, if it is not relevant to or cannot be modified to fit the study topic, then, it can be
rejected. Secondly, theory can accepted if it has the sense of truth and opens more interest on the
future research.
Lastly, if the theory builds no basis for the study, it can be rejected. Theory has an idea should
provide insightful information across and beyond all relevant discipline researched and
commented by more than one scholar. If it does not meet such quality, it should be rejected.
Question 3
Exploratory research - It is described as a research used to find out a problem which is yet to be
clearly identified or defined (Denscombe, 2014). This research provides a better understanding
of an existing snag but not conclusive outcomes. On this research, the researcher is flexible in
changing the subject matter on the review of the new data. To note, this research is usually
conducted on the preliminary stages of the problem.
Descriptive research - This is a research method that focuses on “what” question rather than
“why”. It basically describes the features of a phenomenon that is being researched (Nassaji,
2015). Descriptive research gives the explanation of the outcome based on analyzed data. It gives
no answer to the existence of the data. Its also quantitative in nature. That is, collect quantifiable
data commonly for statistical analysis. It is also associated with uncontrolled variables which
none of them are influenced in any manner. Descriptive research can be used as a base for the
further research.

Casual research – This is a research method used to find out the cause and effect of a variable
(Maxwell, 2012). Casual research answers the why question, It is carried out in order to evaluate
the impact of a given changes on existing behavior. Casual research helps to explain the
relationship between different variables. Casual research is characterized with the following
components; Temporal sequence, Concomitant variation and Nonspurious association
Question 4
Stages in a research process
Identify research problem. This is the initial stage of the research activity, it includes selecting
the area of study interest and identifying the gap. The research problem is the area of concern or
area in the question to be improved. It should be of an interest to the person carrying out a
research for the easy writing.
Review of literature. This involves conducting the check on the other similar research problems
carried out earlier (Aveyard 2014). Though, the most part of the literature review is done after
the formulation of hypotheses to enable the researcher remain relevant on the topic. The
secondary data such as books, journals, newspapers, magazines and online articles are much used
for this part.
Literature review gives more insightful information for the study subject and helps to develop the
ground for the research problem. Simply, it gives the relation of the research topic with existing
work of the other scholars.
Formulate hypotheses. It includes identifying research goals, objectives and posing research
question. The research hypotheses give background of the whole study and the direction to take.