Locating, Assessing, and Presenting Evidence
The availability of information and the growth of the global economy has led to the diversification of research methods. Nearly all aspects of business reviews require recognized high-quality evidence systems to present the fundamental structures, functions, and objectives. Evidence can be found in a library or field that aids professionals to make informed decisions. Entrepreneurs, therefore, need to pose sufficient research skills to integrate key component to making sense of the data collected. What is the significance of evidence-based approaches to a business person and community? Evidence acts as a guarantor for current and future uncertainness on business practices that can either lead to the survival or failure of a business venture (Swanson & Young, 2016).
Identifying and collecting data depends on the purpose, scope, size, and the ability of research to locate the desired information. The quality and quantity of evidence collected depends on the organization agenda in a political, social, and economic setting (Swanson and Young 2016). The evidence is said to be empirical if the information collected can be duplicated in another setting and produce the same results. Literature review sets the guidelines on the type and quantity of evidence to be collected as well the environment pertaining the data. It furthers shows what has been done covered and not covered by researchers. Recording of events in the field can be used to draw conclusions on the behavior elements in the area. In the majority of cases, many intellects argue that the evidence collected should be consistent with the findings.
Worksheet assessment is a business-engineering tool commonly used by entrepreneurs to link business goals with evidence content. The assessment triangle focuses on three areas of alignment of collecting data such as cognition, observation, and interpretation. Cognition concentrates on the formulation and conceptualization of theories to meet the target domains. This process offers the ultimate transition of a researcher from a novice to an expert. Cognition provides guidelines, which are crucial in identifying evidence relating to a subject matter. Observation corner forms the essential tool for assessment and testing of proof in terms or reliability, validity, and accuracy. The interpretation corner sets in to vehemently make sense and relate the data collected to the main subject at hand.
Presentation of data requires selection of the appropriate design to cover all scopes of data collected selectively. One is bound to indicate how the collected evidence relates, supports, accepts, or rejects the set theories in a business context. The presentation should cover mechanism to be used in identifying opportunities, locating the business, advertising, and reaching the target population. The presentation should also include the regulations required for a company to operate and thrive in a particular region as opposed to another. Potential sources of capital, profits and losses should be covered to ensure the future success of the business (Degryse, & Van 2000). The collected evidence should decisively tailor the branding of products and services to be rendered by the entrepreneur.
Evidence collected should directly relate to the action continuum to be taken in defining the roles of various elements in the field. Researchers and entrepreneurs should be motivated to create an environment that is conducive enough to facilitate a society that can make an informed decision. To achieve this, researchers need to work in teams to collectively collect information and make inferences on ways to achieve the millennium goals. Evidence-based practice approaches believe research determines and defines evidence. Hammer and Collinson (2005) believe that evidence depends on values, judgment, and individual factors to define evidence.
Degryse, H., & Van Cayseele, P. (2000). Relationship lending within a bank-based system: Evidence from European small business data. Journal of Financial Intermediation, 9(1), 90-109.
Swanson, E. P., & Young, G. (2016). Are Activist Investors Good or Bad for Business? Evidence from Capital Market Prices, Informed Traders, and Firm Fundamentals. Retrieved from: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2823067
Hamer S and Collinson G (2005). Achieving Evidence-based practice A handbook for practitioners (2nd Ed.). London: UK. Balliere Tindall