What is the first step in exploring new research options?

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Study for the University of Central Florida QMB3602 Business Research for Decision Making Exam 1. Prepare with detailed questions and in-depth explanations to excel in your test! Enhance your decision-making skills effectively.

The first step in exploring new research options is to define new options to address management dilemmas. Understanding the management dilemma is crucial as it sets the foundation for the entire research process. Once the specific issue that needs to be addressed is clearly identified, researchers can determine the appropriate avenues for investigation and the type of data needed. This initial step ensures that subsequent actions, such as framing research questions, conducting background searches, and analyzing existing data, are all aligned with addressing the core issue at hand.

Searching aggressively before conducting new research is more of a supportive activity that comes after identifying the core issues, rather than the first step in the research process. Similarly, framing a research question and analyzing existing data are important steps, but they rely on a clear understanding of what management needs to address. Thus, the initial step that guides all subsequent research activities is defining the new options to address the management dilemma.