Most of us need to do research at some point or another in life, when we are educating ourselves. It is a part of and parcel of the education system today and there is nothing much that we can do about it. We all need to do that obligatory research before we can complete our degree. The aim of doing a research is to provide an answer to an unanswerable question. Those in science fields choose various science related questions. In the same way, those who have chosen business as their core area of study need to select a topic on which to do a comprehensive research. Finding the right topic, especially in business is not the easiest. The research becomes valuable only when you choose a practical topic that can actually create an impact. Here are some business research ideas that are useful and can actually create an impact.
Research on small businesses
There are not many researches done on small business. There are, however, a large number of small businesses out there in the country and the income from them is quite significant. They seem to have escaped the eye of the researchers despite this. There is plenty of helpful data that can be derived from them. Things such as how to improve cash flow in small business is one of the best topics that you can choose to do your research on. It is a problem that many small businesses suffer from due to various reasons. A research of this nature will help the business significantly.
Investment market comparison
Almost all of us invest in a number of markets, but how many of us actually have time to compare the pros and cons of investing in a particular market? Conducting research on a few different investment markets is something that will definitely make an impact. The best thing to do would be to do the research in a company that invests in various markets. Compare and contrast the investment returns and the market statuses. This information can be passed onto any investor who is interested in investing in the markets you have researched on.
HR policies and business output
Human Resources is something that most business people do not go into. It is, however, the human resources that run majority of businesses. It is only sensible that someone does a research on the correlation between good human resource management and its impact on the business output of a company. Take into consideration a few companies that are similar in their products or service. Talk to their HR departments and find out how well they manage the human capital of the organisation. Compare this with the business output of the company. You will definitely be able to come up with research findings that are policy changing.
An area that is mostly ignored in a company is its operational costs. Most company heads do not look at operational costs, even when the company is about to go bankrupt. Everyone simply assumes that there is no way to reduce operational costs. This is where most companies go wrong. Researching on operational costs and ways to reduce them is one area of research that can be quite fruitful. It will also create a lot of impact among companies, paving the way for a lot of policy changes for the better.