RESEARCH METHODOLOGY

SIGNIFICANCE OF RESEARCH

All progress is born of inquiry. Doubt is often better than

over confidence, for it leads to inquiry and inquiry leads to
invention.
- Hudson Maxim
Increase amount of research makes progress possible.

SIGNIFICANCE OF REASEARCH ON
GOVERNMENT
Government Budgets To analyze needs & desires of peoples
and to check the availability of revenues to meet them.
To device alternative policies & to check its consequences.
Research helps in decision making
Government can find programmes for dealing with all facets of
countrys various operations.
Research helps to know what is happening in the economy and
what changes are taking place, which is necessary for economy
& social structure of the nation.

IN CONTEXT OF GOVERNMENT,
RESEARCH AS A TOOL TO ECONOMIC
POLICY HAS 3 DISTINCT PHASES OF
OPERATION.
Investigation of economic structure through continual
compilation
Diagnosis of events that are happening & analysis of
forces underlying them.
Prediction of future developments

SIGNIFICANCE OF RESEARCH ON
BUSINESS & INDUSTRY
Research is crucial and their results assist in taking
business decisions.
Market Research is important for the structure &
development of market for formulating efficient policies
for purchasing, production & sales
Operations Research is the application of mathematical,
logical & analytical techniques to the solution of business
problems (Optimization Problems).
Motivational Research is to find out the consumer
behaviour.

SIGNIFICANCE OF RESEARCH ON
BUSINESS & INDUSTRY
Research helps industry to predict future demands and to
adjust the supply schedule.
Helps in business budgeting which ultimately results in
profit loss accounts.
Helps in business forecasting for planning efficient
production & investment programme.
Research is required in business for more logical &
scientific decisions.

SIGNIFICANCE OF RESEARCH IN SOCIAL

PROBLEMS
Research is important for studying social relationships
and seeking answers to various social problems.
Helps research scientists to do something better or in an
efficient manner on social problems.
Helps in development of a body of principles that helps in
understanding the whole range of human interactions.
It is a practical guidance in solving immediate problems
of human relations.

SIGNIFICANCE OF RESEARCH
For students, research is careerism or to attain high
position in social structure.
For professionals, research is livelihood.
For philosophers & thinkers, research is an outlet of new
ideas & insights
For literary men & women, research is development of
new styles & creating work
To analysts & intellectuals, research is development of
new theories.

CONCLUSION
Research is the fountain of knowledge for the sake of
knowledge and an important source of providing
guidelines for solving different business, governmental, &
social problems.
It is a sort of formal training which enables one to
understand the new developments in ones field in a better
way.

THANK YOU