| High performance is key to any successful | | | | qualitative and quantitative data. Qualitative data is |
| organization and there are many tools that businesses | | | | information that cannot be measured through metrics. |
| can use to study research performance of their | | | | These are data like opinions and suggestions gathered |
| business intelligence. Research is important to | | | | from individuals or groups affected by an organization. |
| businesses. It gives them essential data on their | | | | Quantitative data is measurable and presentable in |
| company, their competition, and the business | | | | graphs or charts. Factors like the number of products |
| environment. The more efficient and accurate the | | | | or services bought, or the number or customers per |
| research that is done, the better informed an | | | | employee, or a satisfaction rating. Quantitative data |
| organization's decision making is. | | | | gives the numbers and statistics while qualitative data |
| Good research performance will benefit an | | | | explains the reason behind them. |
| organization by keeping it abreast and informed of | | | | Metrics could gather quantifiable data to give us a |
| various business related factors and their effects. | | | | measure of performance of any aspect of a business |
| Research is vital to an organization thus it would be | | | | organization. They can be used to study research |
| wise to maintain the quality of the research done for | | | | performance through quantitative factors. The |
| the company or business. | | | | performance of research for an organization can be |
| To study research performance, it is important to | | | | seen in the number of innovations a company comes |
| know the role research plays in business. Research is | | | | up with after the relevant studies have been done. |
| valuable in acquiring data that would hold relevance in | | | | Balanced scorecards are also viable options to use to |
| identifying, analyzing, and formulating concepts, process, | | | | study research performance. A bsc would incorporate |
| products, services, etc. The information gathered | | | | a mix of quantitative and qualitative data into forming a |
| through research could be used to improve the | | | | scorecard that reflects the goals and direction of the |
| performance of an organization. Better decisions can | | | | organization with relation to its current performance |
| be made, more effective strategies can be applied, | | | | level. When applied to research, the measurement of |
| and better market performance could be improved. | | | | its benefits is seen in the output of solutions and |
| Performance is how well a process, product, or | | | | improvement of processes and products. |
| person accomplishes their assigned functions. Being | | | | Both methods of data collection and presentation can |
| able to measure how well something is functioning | | | | be utilized to study research performance. High |
| according to its purpose determines its level of | | | | research performance produces results in |
| operation. Research is a tool that should also be given | | | | improvement and growth of an organization. Business |
| a performance rating in order to maintain and develop | | | | intelligence is vital to the survival, success, and |
| it to the advantage of a business. | | | | sustainability of any organization. It is a valuable |
| Research can be done in a number of ways from | | | | resource that can be exploited to the optimum benefit |
| studying published materials on a topic to conducting | | | | of a business. Research would be doing its job |
| surveys and applying metrics. Two types of | | | | effectively if there are noticeable improvements in |
| information could be gathered through research, | | | | decision making, output, and strategies of a company. |