RBUS2900 Study Guide - Final Guide: Jetstar Airways, Net Present Value, Probability Distribution
Document Summary
Pure research: practical problem-solving is the focus. Studies are closely related to action or policy needs. It can assist management in making decisions: also problem-solving but aimed at solving perplexing questions of a theoretical nature. Large part of what we do here at uq: once information is known about a phenomena, it can then be applied. Applied research in action: ca(cid:374) (cid:271)e used at ea(cid:272)h of the four stages of desig(cid:374)i(cid:374)g a(cid:374)d i(cid:373)ple(cid:373)e(cid:374)ti(cid:374)g (cid:271)usi(cid:374)ess strateg(cid:455) to . Identify problems and opportunities: diagnose and assess problems/opportunities, select and implement courses of action, evaluate courses of action, example: jetstar australia, problem: sought to compete more effectively and profitably in low-cost carrier market. Theoretical frameworks: a theoretical framework represents how certain phenomena (or variables or concepts) are related to each other (a model) and an explanation of why you believe that these variables are associated with each other (a theory).
