Answer to Question #155863 in Management for Prabhdeep

Question

What are the objectives of exploratory research ?under what conditions it should be used ?write a note on its importance ?(please answer in 200 to 250 words)

Answer 1

Exploration studies refer to studies used to solve a problem that is not clearly defined. It is implemented to better understand the current problem, but it does not produce convincing results. In such studies, the researcher begins with a general idea and uses this research as a tool to identify problems that may focus on future research. An important aspect is that the researcher must want to change direction depending on the discovery of new information or insights.

The aim of the research is to formulate problems, clarify notion and create hypotheses. The researcher can start the study by searching literature, discussing target groups, or case studies. The purpose of research to determine the type of problem and not to provide convincing evidence, but to help better understand the problem.

Exploratory research is conducted where the subject requires a thorough understanding, especially if it has not been done before. The purpose of such a study is to investigate the problem in and around it, not to draw conclusions from it. Such research allows the researcher to create a solid basis for exploring their ideas, choosing the right research project and analyzing variables that are really important. More importantly, such research can help organizations or scientists save a lot of time and resources by informing the researcher whether it is worth continuing.