Business Research Project

Business Research Project

Business research can be defined as an organized analysis that provides information to guide business decisions (Cooper & Schindler, 2006). Business research is the implementation of planned, controlled, merited and experienced based controls. Business research, based upon this interpretation, plays various roles in a company’s decision-making process. In business research, a plan is formulated. It is the job of management in a company to get things done by the most efficient use of people, time, technology, etc. The purpose of research is to either create or test a theory (Cano, 2007).

Research is the tools used to test whether a theory is good or not. It is the process by which data is gathered to generate a theory or used to test a theory (Cooper & Schindler, 2006). Research is vital in all business environments, and put into practice far more than most people presume. Every modern day manager uses research with almost any decision he makes within the company. It is important to know that research helps decision-making. Gathering the necessary information on a problem and solving the problem utilizing the researched information will help one come to a better conclusion on the specified problem.

Enterprise Resource Planning (ERP) System is a software system that supports and automates the business processes by providing timely and accurate enterprise-wide information for decision making (Vemuri & Palvia, 2006). EPR is the system efficient enough to be cost effective. By researching the ERP system, the idea will be whether the investment towards the system is worth having. “Good research generates dependable data that are derived by professionally conducted practices and that can be used reliably for decision making” (Cooper & Schindler, 2006, p.22). The purpose of researching the ERP system is to evaluate the improvement of operational efficiency due to the implementation of the ERP system. By analyzing the performance of this system, one can compare to the cost of implementing the ERP system into a business and measure how the system would enhance confidence and efficacy in business operations.

By implementing the ERP system within a company a significant amount of money is needed to apply this implementation. An ERP system can range from a few million dollars to several hundred million dollars. “Despite high expenditures, ERP implementations have resulted in problems. Rushed software installations and inadequate training are blamed for well-publicized troubles with ERP” (Vemuri & Palvia, 2006, para.4).

When errors are made within a business, basically everyone is