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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Week Six Live Session

Week Six Live Session

Q Using Research to Solve Managerial Problems Your instructor has scheduled a live session this week and will send the class an Announcement with the date and time of that session. This live session will cover the expectations of the midterm reaction paper. Enter the virtual class session by clicking the Blackboard Collaborate Ultra tab in the course navigation in a timely manner to ensure you are able to access the session. To fully participate in class sessions, it is highly recommended that you use a headset or headphones equipped with a microphone. If you miss the synchronous session, in order to have an opportunity to earn the points for the live session, you must watch the recorded conference and write a one-page reflection paper on the prompt: If you are unable to participate in the live session, you may earn credit for this assignment by watching the recorded session and writing a one-page reflection paper on the following: • What is the value of research in solving managerial problems? NOTE: The one-page reflection paper is not to be a written script of the live session, but rather a reflection on the specified prompt. Submit your alternative assessment reflection paper by Sunday at 11:59 p.m. ET.

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Research plays a very important role in decision making and solving managerial problems. Without research there is less possibility of understanding concepts and gaining knowledge. Research guidelines help in understanding the various governmental policies which help in making plans. For managers research is everything because they need to gain resources and data which they would need to analyze and understand. Managers need to research on the competitors and how the others are doing in the marketplace in terms of sales volume, tactics, strategies, product quality, services to customers and the prices and value of the goods and services(Bennett, 1974). If managers do not conduct the research properly there can be lack of proper information, data and understanding of the market situation.