Report on Research Problem & Significance in Business Development

This report delves into the crucial aspects of research problems and their significance within the context of business development. It begins by defining a research problem, emphasizing the importance of identifying and understanding the issue to be addressed. The report highlights how a well-defined problem is essential for guiding the research process and ensuring meaningful outcomes. It then explores the significance of research, emphasizing its role in contributing to knowledge, informing decisions, and driving innovation. The report also outlines the key objectives of research, such as identifying potential solutions and evaluating the impact of findings. The report makes use of academic resources, like the works of Ary et al., (2018), Karabulut-Ilgu et al., (2018), and Fonagy, (2018), to support the arguments about research and its importance.

RESEARCH PROBLEM AND
ITS SIGNIFICANCE

Table of Contents
RESEARCH PROBLEM & SIGNIFICANCE ...............................................................................1
REFERENCES................................................................................................................................2

RESEARCH PROBLEM & SIGNIFICANCE
Research problem- Research problem is termed out as an area and condition to be improved
and there must difficulty to be eliminated. Therefore, Ary & et.al., (2018) stated that clear
expression about the area of concern and condition that needs to be improvised. Moreover,
Fonagy, (2018) formation of research problem is more crucial than its solution. According to the
view of Karabulut‐Ilgu & et.al., (2018) stated that this term leads to area of concern, condition to
be improvizes that is difficult to be eliminated. Hence, the component of research problem
defined as-
 An individual and group with problem
 Objectives of research that must be attained
 To identify two or more possible outcome of research.
 To identify the objective of study.
Research significance- Research study is very crucial as it aids to contribute to knowledge and
progress. Therefore, research has special focus on solving operational and planning problems of
business and industry. According to the view of Ary & et.al., (2018) stated that the study of
research and also aids to evaluate how specific audience will be beneficial from its findings.
Therefore, the main object of research is to inform the action. However, its true to said that it
plays crucial role in order to discover new treatments and make sure to use existing treatment in
the best possible manner. As per the view of Fonagy, (2018) stated that research is defined as a
systematic tool that aids to build knowledge and also supports to facilitate learning. Therefore,
Karabulut‐Ilgu & et.al., (2018) stated that the main aim of research is to inform action, to prove
the theory and this also aids to facilitate the learning about particular topic.
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REFERENCES
Books and Journals
Ary, D & et.al., (2018). Introduction to research in education. Cengage Learning.
Karabulut‐Ilgu, A & et.al., (2018). A systematic review of research on the flipped learning
method in engineering education. British Journal of Educational Technology. 49(3).
pp.398-411.
Fonagy, P., (2018). The significance of dreams: bridging clinical and extraclinical research in
psychoanalysis. Routledge.
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