In this changing era and fast pace development, people are demanding for sound assessment. Research involves the investigation and study of materials and sources in order to establish facts and come up with a conclusion.
Every industry requires investigation for its growth and development. There are different types of research, some are secondary that are already available for businesses to use. These are in the forms of newspapers, books, on the internet and even talking to historians. Then, there is a primary source wherein the data are collected for the first time by surveys, questionnaires or interviews.
It is said that private companies take up fact-finding to benefit themselves. They identify the demand for their goods and services in the market and with the help of this data, they improve their offerings. Private companies have better money than government to carry down the study. They know that too much time on investigation will leave them with little time for implementation.
Private companies generate employment for the investigators and survey conductors. They have much more to provide, rather than administration bodies who may pay them in pennies. Research and Development has taken a turn in the business world as now large MNC's keep a separate department for it and spend at least a quarter of their profits in it.
Governments are instead paying the small private companies for carrying out analysis on their behalf. Also administration work is mostly slow and lethargic. When a private medical company has to take up analysis for the new disease, they can put in days of effort into finding the best solutions and can sell the result for executive use. So the companies can recover the costs and also add a patenting to the result.
To conclude, it's best for private companies to work on investigation as they have more resources and schedule, rather government must only focus on results and whether they benefit the society or not.
In this changing era and
fast
pace development,
people
are demanding for sound assessment. Research involves the
investigation
and study of materials and sources in order to establish facts and
come
up with a conclusion.
Every industry requires
investigation
for its growth and development. There are
different
types of research,
some
are secondary that are already available for businesses to
use
. These are in the forms of newspapers, books, on the internet and even talking to historians. Then, there is a primary source wherein the data
are collected
for the
first
time by surveys, questionnaires or interviews.
It
is said
that
private
companies
take up fact-finding to benefit themselves. They identify the demand for their
goods
and services in the market and with the
help
of this data, they
improve
their offerings.
Private
companies
have better money than
government
to carry down the study. They know that too much time on
investigation
will
leave
them with
little
time for implementation.
Private
companies
generate employment for the investigators and survey conductors. They have much more to provide,
rather
than administration bodies who may pay them in pennies. Research and Development has taken a turn in the business world as
now
large
MNC
's
keep
a separate department for it and spend at least a quarter of their profits in it.
Governments
are
instead
paying the
small
private
companies
for carrying out analysis on their behalf.
Also
administration work is
mostly
slow and lethargic. When a
private
medical
company
has to
take up analysis for the new disease, they can put in days of effort into finding the best solutions and can sell the result for executive
use
.
So
the
companies
can recover the costs and
also
add
a patenting to the result.
To conclude
, it's best for
private
companies
to work on
investigation
as they have more resources and schedule,
rather
government
must
only
focus on results and whether they benefit the society or not.