The Third Stage Is the Conclusions Stage

question 14

True/False

The third stage is the conclusions stage. In this stage the researcher draws minor conclusions from the data, as the process of data analysis unfolds. The question the researcher asks themselves in this stage is this - 'if this is what the data says, and these are the possible meanings of that, what are the implications of that?' The researcher tries to tease out the implications of the data. The data may have different implications for different parties to the research,
e.g. the participants in the research, the broader population of the study, the discipline, if there is a discipline, the area of business, if the research is situated within a particular area of business, and so on. The researcher tries to tease out the implications of the data for all of those parties.

Determine the elasticity of demand for necessities versus luxuries.

Calculate the impact of price changes on quantity demanded and total revenue using elasticity coefficients.

Understand how specific and challenging goals affect commitment and motivation.

Acquire knowledge on the application and effectiveness of expectancy theory in improving workplace motivation.

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Definitions:

Corporate Social Performance

A company's effectiveness in meeting its societal obligations, contributing positively to its stakeholders and the environment.

Downsizing

The reduction of an organization's workforce to improve its efficiency, cut costs, or realign its structure, often resulting in layoffs or elimination of positions.

Long-Term Profitability

The sustained ability of a company to generate earnings over an extended period, ensuring its viability and growth.

Displaced Workers

Individuals who have lost their jobs due to economic changes, technological advancements, or organizational restructuring, often requiring retraining or career change.