In the field of research, there are two primary types of research: applied and fundamental research. Both types of research serve distinct purposes and have different goals, methods, and outcomes. This article will provide an in-depth comparison of the two types of research and explore their relevance in the context of business research methods.
Difference between Applied and Fundamental Research | Business Research Methods
Applied Research
Applied research aims to solve specific, practical problems and develop practical applications. The main objective of applied research is to provide practical solutions to real-world problems that can be applied in various fields, including business, medicine, engineering, and technology. Applied research is designed to meet the needs of a specific group of people or organization, and it is often conducted in partnership with industry or government.
Applied research is used to test theories and concepts that have been developed through fundamental research and to develop solutions to practical problems. The findings of applied research can be used to improve the quality of life, advance technology, and enhance economic development.
In business research, applied research can be used to solve business problems, such as developing new products or services, improving manufacturing processes, and finding ways to increase productivity. Applied research in business can be conducted through various methods, including surveys, focus groups, and case studies. The findings of applied research are often used to guide decision-making, develop business strategies, and improve the bottom line.
Fundamental Research
Fundamental research, also known as basic or pure research, aims to expand knowledge and understanding of fundamental principles and concepts. The main objective of fundamental research is to gain a deeper understanding of a particular phenomenon or concept. Fundamental research is typically driven by curiosity and a desire to explore new areas of knowledge.
Fundamental research is often conducted by academic institutions and research organizations, and it is generally funded by governments or private foundations. The findings of fundamental research are often published in academic journals and are used to advance the knowledge and understanding of a particular field.
In business research, fundamental research can be used to explore new ideas and concepts, test hypotheses, and develop new theories. Fundamental research can be conducted through various methods, including laboratory experiments, statistical analysis, and theoretical modeling. The findings of fundamental research can be used to develop new products, services, and technologies, as well as to enhance existing ones.
Differences between Applied and Fundamental Research
The main differences between applied and fundamental research are their objectives, methods, and outcomes. Applied research is designed to solve practical problems and develop practical applications, while fundamental research aims to expand knowledge and understanding of fundamental principles and concepts. Applied research is often conducted in partnership with industry or government, while fundamental research is typically conducted by academic institutions and research organizations.
The methods used in applied and fundamental research are also different. Applied research often involves the use of surveys, focus groups, and case studies, while fundamental research may involve laboratory experiments, statistical analysis, and theoretical modeling. Applied research is typically more focused and targeted, while fundamental research is broader and more exploratory in nature.
The outcomes of applied and fundamental research also differ. Applied research aims to develop practical solutions to real-world problems, while fundamental research aims to expand knowledge and understanding of fundamental principles and concepts. The findings of applied research are often used to guide decision-making, develop business strategies, and improve the bottom line, while the findings of fundamental research are often published in academic journals and used to advance the knowledge and understanding of a particular field.
Relevance in the Context of Business Research Methods
In the context of business research methods, both applied and fundamental research are relevant and important. Applied research can be used to solve practical business problems, such as developing new products or services, improving manufacturing processes, and finding ways to increase productivity. The findings of applied research can be used to guide decision-making, develop business strategies, and improve the bottom line.
Fundamental research is also relevant in the context of business
