QUESTION 1.3 If any research endeavor. Errors in data collecting can have an impact on the results of a study, ultimately leading to erroneous results. The methods used to collect data for impact evaluation differ on a scale. Quantitative data gathering methods are at one end of the scale, while qualitative data collection methods are at the other. Choosing a particular data collection strategy will be determined by the accuracy of the information produced as well as practical issues such as the availability of staff, time, equipment, and other resources. Analyse the different data collection techniques, evaluate their respective purposes and assess their strengths and limitations in order to create a critical understanding.

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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QUESTION 1.3

If any research endeavor. Errors in data collecting can have an impact on the results of a study, ultimately leading to erroneous results. The methods used to collect data for impact evaluation differ on a scale. Quantitative data gathering methods are at one end of the scale, while qualitative data collection methods are at the other. Choosing a particular data collection strategy will be determined by the accuracy of the information produced as well as practical issues such as the availability of staff, time, equipment, and other resources.

Analyse the different data collection techniques, evaluate their respective purposes and assess their strengths and
limitations in order to create a critical understanding.

 

Expert Solution
Step 1: Introduction to research and decision-making:-

A key component of research and decision-making in many disciplines, including management, is efficient data collection. Selecting the right data gathering methods is a crucial option that may have a big influence on the accuracy and applicability of the information acquired. It's critical to comprehend various data-gathering techniques in this context, as well as to weigh the benefits and drawbacks of each. For researchers, managers, and other professionals looking to make wise choices, create plans, and obtain insightful knowledge in the field of management and other areas, this information is essential.



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