This assignment delves into the concept of grounded theory, a systematic approach to generating theories through qualitative data analysis. It highlights the inductive nature of this method, contrasting it with traditional frameworks. The essay explores different perspectives on grounded theory, including those of Glaser and Strauss, emphasizing their views on data collection, coding, and theoretical sensitivity. Ultimately, the assignment concludes that grounded theory offers a valuable tool for understanding complex business situations from the respondents' viewpoints.