Joseph works as a senior manager in his company's research and development department. He plans to conduct market research so that the business can make a few important decisions. Joseph has developed a research plan and identified the sources of market data. What should his next step be?

Question

Dalia Stevenson

Business

5 June, 20:06

Joseph works as a senior manager in his company's research and development department. He plans to conduct market research so that the business can make a few important decisions. Joseph has developed a research plan and identified the sources of market data. What should his next step be?

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Answers (1)

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Joyce Reilly · Answer 1

Hello,

The next step will be; analyse data and report the findings

Explanation:

After collecting data, Joseph should analyse the data to identify positive trends according to the assumptions he decides to make. At this step, he can summarize the whole study to capture the procedure involved, the results obtained and the conclusion derived from the research. He should check if the hypothesis was correct or wrong. Making decisions based on assumptions can affect the company. The data obtained should be analysed the way it is rather than adding more information that was not obtained in the research. After this step, take action!

Best of Luck!