Defining the Problem and Developing Theory - Defining a business problem
3 important questions on Defining the Problem and Developing Theory - Defining a business problem
When is a business problem feasible?
- The problem is demarcated? (afgebakend)
- The problem can be expressed in variables
- You are able to gather the required data for the business problem
- Existing data
- New data
What are the two sub categories of relevance?
- Managerial relevance
- Academic relevance
When is managerial relevance present?
At least one of .... Benefits from the problem being solved:
- Managers of;
- one company
- one industry
- multiple industries
- End users (consumers, investors, tax payers)
- Pubilc policy makers (government)
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