Business Management SL
Business Management SL
6
Chapters
175
Notes
Unit 1 - Introduction To Business Management - QB
Unit 1 - Introduction To Business Management - QB
Unit 2 - Human Resource Management - QB
Unit 2 - Human Resource Management - QB
Unit 3 - Finance & accounts - QB
Unit 3 - Finance & accounts - QB
Unit 4 - Marketing - QB
Unit 4 - Marketing - QB
Unit 5 - Operations management - QB
Unit 5 - Operations management - QB
Unit 6 - Assessment
Unit 6 - Assessment
IB Resources
Unit 4 - Marketing - QB
Business Management SL
Business Management SL

Unit 4 - Marketing - QB

Maximize Business Impact: Why Proper Data Collection Matters In Research

Word Count Emoji
679 words
Reading Time Emoji
4 mins read
Updated at Emoji
Last edited onย 16th Oct 2024

Table of content

Real - world introduction ๐ŸŒ

Imagine you're trying to find out if teenagers prefer chocolate or vanilla ice cream. Would you ask 2 friends or 200? Would you survey them during winter or summer? Your choices in how and when to ask are crucial to finding the real answer!

Why data matters in business ๐Ÿ“Š

  • Business Research: Businesses love to dig deep, discovering golden nuggets about the market, their products, or customer preferences.
  • Accuracy Matters: Think of it like taking a selfie - the clearer the image, the better it looks! So, businesses need clear and accurate data.

๐ŸŽ‰ Example: Apple wouldn’t launch a new iPhone without first understanding what features customers love.

The magic behind data collection โœจ

  • Quantitative Data: Numbers, percentages, stats. Like: "80% of students prefer online classes."
  • Qualitative Data: Descriptions, feelings, opinions. Like: "Students love online classes because they can wear pajamas!"

๐Ÿš€ Example: McDonald's might count how many people buy their Big Mac (quantitative) and also ask why they love it (qualitative).

Keeping research honest & pure ๐Ÿ›ก

  • Integrity: It's like being a detective without planting evidence! Research has to be clean and fair.
  • Right Tools for the Job: Using the correct data collection tools (like surveys or interviews) and ensuring clear instructions reduces silly mistakes.

๐Ÿ• Example: Domino's might use online surveys to see if customers want a new pizza flavor. But if the questions are confusing, they might end up launching a broccoli-flavored pizza!

Unlock the Full Content! File Is Locked Emoji

Dive deeper and gain exclusive access to premium files of Business Management SL. Subscribe now and get closer to that 45 ๐ŸŒŸ

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IB Resources
Unit 4 - Marketing - QB
Business Management SL
Business Management SL

Unit 4 - Marketing - QB

Maximize Business Impact: Why Proper Data Collection Matters In Research

Word Count Emoji
679 words
Reading Time Emoji
4 mins read
Updated at Emoji
Last edited onย 16th Oct 2024

Table of content

Real - world introduction ๐ŸŒ

Imagine you're trying to find out if teenagers prefer chocolate or vanilla ice cream. Would you ask 2 friends or 200? Would you survey them during winter or summer? Your choices in how and when to ask are crucial to finding the real answer!

Why data matters in business ๐Ÿ“Š

  • Business Research: Businesses love to dig deep, discovering golden nuggets about the market, their products, or customer preferences.
  • Accuracy Matters: Think of it like taking a selfie - the clearer the image, the better it looks! So, businesses need clear and accurate data.

๐ŸŽ‰ Example: Apple wouldn’t launch a new iPhone without first understanding what features customers love.

The magic behind data collection โœจ

  • Quantitative Data: Numbers, percentages, stats. Like: "80% of students prefer online classes."
  • Qualitative Data: Descriptions, feelings, opinions. Like: "Students love online classes because they can wear pajamas!"

๐Ÿš€ Example: McDonald's might count how many people buy their Big Mac (quantitative) and also ask why they love it (qualitative).

Keeping research honest & pure ๐Ÿ›ก

  • Integrity: It's like being a detective without planting evidence! Research has to be clean and fair.
  • Right Tools for the Job: Using the correct data collection tools (like surveys or interviews) and ensuring clear instructions reduces silly mistakes.

๐Ÿ• Example: Domino's might use online surveys to see if customers want a new pizza flavor. But if the questions are confusing, they might end up launching a broccoli-flavored pizza!

Unlock the Full Content! File Is Locked Emoji

Dive deeper and gain exclusive access to premium files of Business Management SL. Subscribe now and get closer to that 45 ๐ŸŒŸ