Marketing Build a Bear Management Strategies

Questions: 1. Give examples of needs, wants, and demands that Build-A-Bear customers demonstrate, differentiating each of these three concepts. What are the implications of Each on Build-A-Bears actions? 2. In detail, describe all facets of Build-A-Bears product. What is being exchanged in a Build-A-Bear transaction? 3. Which of the five marketing management concepts best describes Build-A-Bear Workshop? 4. Discuss in detail the value that Build-A-Bear creates for its customers? 5. Is Build-A-Bear likely to be successful in continuing to build customer relationships Why or why not? Answers: Introduction The success of the business organisation depends upon the strategies formulated by the management of the organisation. The management of the business organisation focuses on the strategies for the development of the innovative products which will ultimately win the competitive market and fulfilling the expectation of the target market. In this assignment, the case study of Build-A-Bear has been discussed and it studies how Maxine Clark has won Fast Companys Customer-centered Leader Award through her innovations. 1. Maxine Clark has proved herself a successful entrepreneur and her Build- A-Bear is a huge success business venture. Maxine Clark received Fast Company's Customer-Centered leader award. Maxine focused on the customers and exercised their experience for the production of new and innovative bear and animal stuff. The success of the company is found in the experience of the children in participating the creations of entertainmentthat is very much personalised. Personalised and customised products for the customers are the key strategies of the company. The need of the customers of the company was to procure the personalised and customised products. The customers of the company need a high-quality product that meets their expectations. The customers want the company to offer them an opportunity to assess the quality of the products and let the children find the utility and entertaining features of them. The customers of the company feel happy to wait in line behind the other customers and they do not feel that it is an unpleasant work(coursehero.com, 2017). They want to enhance their experience by waiting for long. The customers, basically the children leave the store at the end with a product that is completely different from any product they have bought or seen. They feel that the product that the customers procured have been created by them. 2. The demand of the customers is always for a product that is customised. The concept of the company is absolutely based on customisation. The demand for the personalised features has been clearly realised. The company believes that the creativity of the customers and the freedom to express themselves help the company to produce a quality product. The The case study of the company entitled Build- A-Bear: Build- A-Memory simply talks about the experience that the customers the customers find after procuring the product of the company. Since its inception in the year 1996, the company consistently wins the customers. The company has almost 370 stores and more than tens of millions of teddy bears other stuffed animals and these are custom-made. The company has multiple and all facets of Build-A-Bear's products. The company does not showcase what it achieves as a success(Mueller, 2016). Maxine says that success of the company does not come from the sale of the tangible objects that the children carry with them. It comes from its real selling that is the experience of the participation of the customers in the creation of entertainment that has been personalised. A child finds a genuine fantasy world in the Build-A-Bear store. The store appears like work stations. The experience of the child begins with "Choose Me" station where he or she picks one unstuffed animal from the bin. The animal appears live when it is being operated by the child. "Hear Me", "Stitch Me", Fluff Me", "Dress Me" and "Name Me" are the customized products of the company. The customers get a pleasant experience and leave the store with a product. The experience the customers get is that the product that the carry is created by them. This experience the customers get at the end of their shopping. 3. There are five important marketing concepts. These five concepts are the concepts of production, product, selling, marketing, and marketing for the well-being of the society. Each concept has their distinctive activities. The concept of the production focuses on the operation of the organisation and production(Bhasin, 2016). The concept of product focuses on the consumer's expectations and focuses on the features like quality, performance and innovation(Dulaney, 2015). This concept advocates that customers become loyal to the products when they get more benefits out of it. The concept of selling focuses on the promotion of the products so that customers will get attracted to the products. The next concept is marketing. The company focuses on delivering the target market the better products than the competitors. The societal concept believes in delivering the target market the value better than the competitors. This focuses on preserving the well being of the consumer's as well as the society. In the case study organisation this has been found that the company focuses on formulating strategies that will be employed for producing quality and innovative products. The company focuses on delivering the customers the most personalised and customised products. The company focuses on delivering the customers the most exciting experience of the participation in the creation of the entertainment that is personalised. Each of the products has its distinctive features and offers rich experience. At the end, the customers go with its product. The company knows that the customers will be loyal when the products have personalised features. 4. Maxine Clark is called the strategic visionary for her Build-A-BEAR concept. The skills of Maxine related to the development and implementation of strategy brought huge success to her business. She employed the methods called low tech and high tech for establishing the company as an organisation that is truly customers centric(Nicklaus, 2016). Maxine believes that the success of the company depends on the favourable interaction of both the customers and the company. She prefers to interact with the customers and helps her employees during the time of service delivery. The company gives utmost priority to the customers. The direct interaction between the customers and the management could possible through e-mail. Virtual Club Advisory Council is a platform created by her to capitalise on the communication of the customers. Maxine has a panel of children in the list of her email. This high-tech communication helps Maxine to gather the valuable ideas and she prefers to rely on the customers for help. The Build-A-Bear puts the ideas of the customers into the practice. The Cub Council gets the real time feedback from the customers. Thus it helps the company to get real-time feedback. 5. The success of any company depends upon its business strategies for winning the customer's expectations. The survival of the business depends as long as the customers are satisfied with the business(stltoday.com, 2016).The strategy of Build-A-Bear for the building customer relationships are unique and innovative. This strategy will help the company to survive in this business world. There are various strategies that have been identified here.. Innovation The company focuses on innovations and tries to make the products different from all the competitors. The customers get personalised experience when they procure the products of the company. Product The products of the company are different from other business competitors. The company focuses on exploiting the innovative ideas of the customers. It focuses on customised and personalised products. Cost leadership strategy The company gives more stress on offering the customers the best products based on the high price to delight ratio. The bears of the company cost as low as $ 10 the average cost of the product are $ 25. Due to the low and average cost, the parents and the children prefer to visit the store of the company. Customers facing activities The company gives more importance to its customers. Clark has clearly stated that the direct relation with the customers help the company to go for new products every time. The company always let the customers be very creative and express their innovative ideas. Clark visits the stores and talks to the customers directly. She talks to the parents and children so that their ideas will help her to go for new innovation. Clark has created a Virtual Cub Advisory Council which contains the email address of the children. This helps the company to get real-time feedback. The company has found that Hello Kitty bears, mascot bears sequined purses are the innovative products of the company that was created by the help of the customers. These were the successful innovation of the companies for the customers of the company. The concept of build your own is a successful concept of the company. This has brought more commercial advantages to the company. Friends 2B Made is another concept of the company that is built around the customised dolls. All these show that the strategies formulated by the company will help it to establish a successful long run relationship with the customers. Conclusion The success of the company depends on the appropriate strategy of the business organisation. Build-A-Bear has won the competitive advantage and got the support of the customers with its customer's friendly strategy. The company gives more importance for the production of new and innovative bears and animal stuff with the help of the customers. Bibliography Bhasin, H. (2016, 12 4). Concepts of Marketing - Five Marketing concepts explained. Retrieved 03 08, 2017, from marketing91.com: www.marketing91.com Marketing management articles coursehero.com. (2017). Build a Bear-58 Part One Aftter Viewing the Video. Retrieved 03 08, 2017, from /www.coursehero.com: https://www.coursehero.com/file/13048764/Build-a-Bear/ Dulaney, C. (2015, 02 19). Build-A-Bear Posts Better-Than-Expected Results. Retrieved 03 08, 2017, from www.wsj.com: https://www.wsj.com/articles/build-a-bear-posts-better-than-expected-results-1424369501 Mueller, A. (2016, 12 19). Why Build-A-Bear has set sail. Retrieved 03 08, 2017, from www.bizjournals.com: https://www.bizjournals.com/stlouis/news/2016/12/19/why-build-a-bear-has-set-sail.html Nicklaus, D. (2016, 05 08). Build-A-Bear, unloved by Wall Street, ponders its future. Retrieved 03 08, 2017, from www.stltoday.com: https://www.stltoday.com/business/columns/david-nicklaus/build-a-bear-unloved-by-wall-street-ponders-its-future/article_abce76c7-c749-5474-bdb1-2c848d7f0dbf.html stltoday.com. (2016, 05 08). Customer Strategist Journal Build-a-Bear Builds a Brand ... - TeleTech. Retrieved 03 08, 2017, from www.stltoday.com: www.stltoday.com/.../build-a-bear.../article_abce76c7-c749-5474-bdb1-2c848d7f0db...

Theories of sociology free essay sample

Abstract The purpose of this essay is to discuss the three basic theories of sociology. The three basic theories of sociology are functional, conflict, and symbolic interactionism. These theories are studied on the micro or macro level. The micro level is the sum of interactions between people and groups. The micro level analysis is based on small groups and individuals versus the macro level which is viewed on a larger scale and looks at society as a whole. In the functional theory members of society share a common interest of values, beliefs, and behavioral expectations. In the conflict theory there is a constant struggle between resources and it varies upon social changes. In the symbolic interactionism theory peoples behaviors are examined in their day to day interactions with each other. CLASSIC THEORIES OF SOCIOLOGY In order to understand the classic theories of sociology we must be able to define what sociology means in full definition. We will write a custom essay sample on Theories of sociology or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Sociology is the study of how humans act in society and how the groups they belong to affect them as a person. Through my research, I have found the three classic theories of sociology are as follows 1) functional perspective, 2) conflict perspective, and 3) symbolic interactionist perspective. Now that we have listed the three classic theories we can take a deeper look at each perspective individually. The functionalist perspective also known as the social-function theory is a stable and orderly system that is composed of members that share a common set of values, beliefs, and behavioral expectations. In the functionalist perspective society serves as a function and contributes to the stability of the society. The functionalist perspective is analyzed on the macro level. Societies develop social structures or institutions such as schools, churches, and government agencies. Institutions provide educational opportunities, religious practices, and provide citizens with their social needs. The smoothness of how these institutions affect the community depends on how the systems function whether it be functional or disfunctional. The second theory is the conflict perspective that is also referred to as social-conflict. The conflict perspective is viewed as a situation where groups in society are engaged in a continuous power struggle for control of resources or resources that are highly unattainable. The conflict perspective is analyzed on the macro level. Conflicts vary from politics to family discussions about financial spending. The conflict perspective isn’t based solely on one specific problem area. The conflict perspective focuses on three different areas such as: 1) struggles between different social classes of society that creates social changes, 2) racial-ethnic inequalities and exploitation of members, 3) the feminist perspective which supports equal rights for women. CLASSIC THEORIES OF SOCIOLOGY The third theory is the symbolic interactionist perspective that is also known as symbolic interactionism. Symbolic interactionist perspectives are examined by following the patterns of individuals day to day interactions and behaviors displayed in groups. Symbolic interactionist perspectives are analyzed on the micro level by focusing on individuals and small groups. Symbolic interaction is basically understood when people use symbols to communicate. Symbols are something that is meaningful to the person like a home that belongs to a family. Symbols can be portrayed by someones facial expression, tone of voice, or body language. These three theories can compare and differ in a few ways and by researching them I have found that the functionalist perspective and conflict perspective are both analyzed on the macro level. The symbolic interactionist perspective is analyzed on the micro level which is a whole different perspective and way to view how theories work by focusing on small scale groups. All three of the theories focus on society and how it is affected by members in societies behaviors. One change or shift in society can either make optimal opportunities to the community or create the start of a downward spiral. I have found that all three theories are based on society and how an individual person or a group of people acts or behaves greatly affects each of these theories. It is amazing the amount of changes that a person can go through by having to deal with social changes. Lastly, in order to explain which theory best describes our social reality we need to define what social reality means. Social reality is basically created through social interactions, individual motives, and actions. It is a little difficult for me to choose one theory that relates to our social reality that we live in today. I feel that we could easily fall under each theory depending on the circumstances. The functionalist theory is made up of different parts that all work together like a puzzle to build stability or a strong foundation. This theory involves CLASSIC THEORIES OF SOCIOLOGY families and large communities that have a strong bond formed to support one another. We must support and invest in our schools and churches to make a difference in our community. If we lose our church due to lack of finances then our community could lose its faith. The conflict theory is generally when there is a struggle for resources. Let’s face it, today we as a society are struggling with obtaining resources needed as the cost of living has increased in the last five years and with gas prices soaring, food products are sold in smaller packages yet the cost is still rising, and minimum wage is not enough to pay the bills. In my neighborhood, people are struggling all around me and clearly unable to meet their social needs. A majority of the people rely on the work link bus or public access to get to their destination. They are on public welfare and living off of food stamps, social security, and/or have been laid off due to employment cuts. The symbolic interactionist theory also relates to our social reality because it shows how behaviors are learned by interactions with others. We as a society can view symbols as a generous way of interpreting how others feel about us. For example, we have Valentine’s Day coming up this week and a lot of people feel that this is a way that we can show our significant others how we care about them. I personally would like some flowers and some dark chocolate candy but if my procrastinating boyfriend doesn’t go out until late that day and comes home with some random things I will still be happy and appreciate his efforts. So, for some people in society we require symbols as proof that our relationships our valuable to one another. Other members of society feel that symbols are unnecessary and feel confident with their relationships to require such things. I guess it depends on the person, time, and situation to determine which theory that our society relates to best. Throughout our lifetime we can experience each of these theories personally and relate to each one individually. We as humans experience great social changes in life and that’s what makes life so interesting!

The Character of Jesus

The Author’s Intent The author of the book intends to provoke those proclaiming to be Christians to develop a deeper and unwavering commitment to Christ and to encourage those not already professing Christianity, to have an interest and craving for it, and to convince them to follow a Christian way of living.Advertising We will write a custom book review sample on The Character of Jesus specifically for you for only $16.05 $11/page Learn More He wants to discredit those depicting the New Testament as being implausible and outlandish to provide a true character of Jesus Christ, that though it might not be flawless, it actually suffices to deliver God’s message to humanity. He aspires to provide testimonials that may encourage others to become Christians (Jefferson 39). Synopsis Jefferson strives to convince the reader to become a Christian. He begins by explaining why some people actually forsake Christianity in favor of other religions. He notes that some people will shun Christianity, not because it is a loathed and undesirable religion, but because of the initial influence from those who claim to be Christians. He notes that many have been discouraged by Christianity because they preferred to join it through episcopal means. This might be through someone who professes Christianity, but has been inconsistent or pharisaical. Another instance is where the local church does not have a true Christian foundation. This usually results in someone shunning Christianity in his/her entire life. However, Jefferson suggests that the best way to become a Christian is through a study of his character. He states that neither professing Christianity nor making bigoted assertions are ways to become a Christian. He suggests that one should be interested in Jesus’s character other than in his outer life (Jefferson 37).Advertising Looking for book review on religion theology? Let's see if we can help you! Get your first pap er with 15% OFF Learn More The author depicts the character of Jesus as being a sincere person. He states how Jesus in the midst of a detestable set of inexorable detractors and murderers, stood forth unruffled and steadfast in God’s ways. He also describes Jesus as a reasonable person, original, trustful, brotherly, optimistic, patient, humble and holy. The author’s Accomplishments Jefferson has achieved his mission of explaining the character of Jesus, through direct quotations from the four gospels in the New Testament. His Justifications of Jesus’ character form a strong basis of trying to convince the reader to follow Christianity. He explains the character of Jesus by considering his life as explained by those he came into contact with. For instance, he presents Jesus’ reasonableness on topics such as fasting, the Sabbath, prayer and swearing. He uses examples of how people react to a fallen horse on the street of an American city and a dru nken man in the same street. He explains Jesus’ originality by quoting how he proclaimed himself to be the light of the world, bread and water of life, the only good shepherd, the way, the truth, the life and mediator between God and man (Jefferson 102). In epitomizing Jesus as trustful, he notes how he was persecuted, scorned, maligned, abused, and even execrated. He was incriminated of blasphemy and of treason, but his trust in God remained steadfast.Advertising We will write a custom book review sample on The Character of Jesus specifically for you for only $16.05 $11/page Learn More His brotherliness is shown in the manner he ate, talked and even visited the homes of those shunned and despised as unholy by society. He shows how Jesus was holy by leading a serene life, free from any sins. Bibliography Jefferson, Charles Edward. The Character of Jesus, New York: Thomas Y. Crowell, 1908. Archive.org. Web. This book review on The Character of Jesus was written and submitted by user Kaitlin Howard to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

What Is a Perfect Square

What Is a Perfect Square SAT / ACT Prep Online Guides and Tips What is a perfect square? How do you know if a number is a perfect square? In this article, we’ll define perfect squares, provide a list of the first 25 perfect squares (and the integers that make them up), and teach you how to tell if a number is a perfect square. What Is a Perfect Square? A perfect square is a number that can be expressed as the product of two equal integers. What does that mean? Basically, a perfect square is what you get when you multiply two equal integers by each other. For instance: $$5 * 5 = 25$$ 25 is a perfect square because you’re multiplying two equal integers (5 and 5) by each other. You can also express $5 * 5$ as $5^2$. That’s where you get the term â€Å"perfect square† List of Perfect Squares Here’s a list of the first 25 perfect squares. A hint: if you want to create a perfect square, simply square an integer! Square Integers 1 $1 * 1$ 4 $2 * 2$ 9 $3 * 3$ 16 $4 * 4$ 25 $5 * 5$ 36 $6 * 6$ 49 $7 * 7$ 64 $8 * 8$ 81 $9 * 9$ 100 $10 * 10$ 121 $11 * 11$ 144 $12 * 12$ 169 $13 * 13$ 196 $14 * 14$ 225 $15 * 15$ 256 $16 * 16$ 289 $17 * 17$ 324 $18 * 18$ 361 $19 * 19$ 400 $20 * 20$ 441 $21 * 21$ 484 $22 * 22$ 529 $23 * 23$ 576 $24 * 24$ 625 $25 * 25$ How to Tell If a Number Is a Perfect Square You can tell if a number is a perfect square in a couple of different ways. First of all, if you create a square by multiplying two equal integers by each other, then the product is a perfect square. So, $1 * 1$ is a perfect square. So is $10 * 10$ and $1,000 * 1,000$. You can also tell if a number is a perfect square by finding its square roots. Finding the square root is the inverse (opposite) of squaring a number. If you find the square root of a number and it’s a whole integer, that tells you that the number is a perfect square. For instance, the square root of 25 is 5. The square root of 26 is not a whole integer. So, 26 is not a perfect square. Key Takeaways: Understanding Perfect Squares A perfect square is a number that can be expressed as the product of two equal integers. You can tell if a number by finding its square root and seeing if that square root is a whole integer. What's Next? Getting ready to take the ACT? We have a list of31 formulas you must know to conquer the ACT. Taking the SAT instead?Here’s a list of our favorite SAT Math prep books that will help set you on the path to success. Looking to brush up on your fundamental algebra skills?A good place to start is mastering systems of equations.

Elements, Mixtures and Compounds Essay Example | Topics and Well Written Essays - 1000 words

Elements, Mixtures and Compounds - Essay Example For example, a mixture of iron and sulfur can be taken in any proportion while a compound such as iron (II) sulfide always has a ratio of 7 : 4 by mass of iron and sulfur (Leong & Aik, 2009). When a mixture is prepared by mixing two or more substances, there is no chemical exchange involved and there is absence of heat or light production. When a compound is prepared, it is usually accompanied with a chemical change in which some heat, light or both are liberated. For example, when a mixture is prepared by mixing iron filings and sulfur, no heat is liberated. However, when hot iron filings and sulfur are taken together in a test tube, a chemical reaction occurs resulting in the formation of iron sulfide (Fe + S ?FeS). The test tube glows red because of heat produced during the reaction (Leong & Aik, 2009). The properties of a mixture are characteristic of the individual substances mixed. On the contrary, the properties of a compound are very different from those of the original eleme nts. For example, in a mixture of iron filings and sulfur, properties such as magnetism, color, texture of the individual substances are retained. Iron sulfide, a compound, has very different properties from those of iron and sulfur. It lacks magnetic activity and also has different physical and chemical properties (Leong & Aik, 2009). ... 2) Supposed that you have a pure substance, how can you tell whether it is a compound or an element?   An element cannot be further broken down chemically, while a compound can be broken down into individual components or elements using chemical reactions specific for that compound. For example, heating mercuric oxide, which is a compound, over a Bunsen flame, will result in the decomposition and separation of mercuric oxide into mercury and oxygen. However, mercury and oxygen, which are elements, cannot be further broken down using any chemical means (Leong & Aik, 2009). Therefore, in order to tell whether a given pure compound is an element or a compound, it will be subjected to various separation procedures to determine if it can be broken down further. Its melting and boiling points and other physical and chemical properties will also be noted and compared with those of preexisting elements and compounds for ease of identification. 3) What is the difference between an ionic and a covalent bond? Chemical bonds such as ionic and covalent bonds determine the properties of a compound. The main differences between the two kinds of bonds are discussed as follows: Ionic bond is formed when electrons are transferred from one atom to another. The transfer of electrons results in the formation of a positive and a negative ion that are held together by strong electrostatic attraction. For example, salt (NaCl) is formed when an electron from sodium (Na) is transferred to chlorine (Cl) to form ions (Na+ and Cl- ) that are held together to form salt (NaCl). Covalent bond is formed when an electron pair from the outer shell is shared between two atoms. For instance, Hydrochloric acid

Analytical Method Essay Example | Topics and Well Written Essays - 750 words

Analytical Method - Essay Example This formed the problem statement for the article thereby triggering the researchers to seek for the most appropriate tools and techniques for achieving their objectives. In which case, the researchers provide the theoretical background asserting that the chemical analysis of GSR can either focus on inorganic or organic components of the analyte therein. Intuitively, flame ionization detector (FID), thermal energy analysis (TEA), electron capture detector (ECD) and mass spectrometry (MS) together with Gas chromatography are important aspects which could be considered in this OGSR analysis. For the methods and materials, the use of MS/MS mode guided in explicit identification of target analyte. The researchers majorly focused on liquid chromatography tandem mass spectrometry (LC–MS/MS) coupled with GC; as evident in the use of LC–MS grade methanol used in the mobile phase and in Chromatographic analysis was performed on an Agilent 1200 Series HPLC system coupled with a hybrid quadrupole time-of-flight mass spectrometer. The QTOF system was core to facilitating analysis in MS or MS/MS mode. The researchers carried out accurate mass measurement of the precursor ion, within MS spectra, mass measurement of the most specific product ion, and the retention time of the analyte compared with the retention time of the standard. Swabs were compared with home-modified tape lift supports covered with a PTFE layer to determine the better sampling technique. The modified tape lift provided better extraction recoveries and enabled the analysis of inorganic and organic G SR simultaneously. In Optimization of LC–QTOF in MS/MS mode parameters, different columns were tested to ensure optimization of the composition of the mobile phase through unequivocally separating and ionizing the analytes. In which case, chances for getting false positive and false negative results

Descartes and David Essay Example | Topics and Well Written Essays - 1000 words

Descartes and David - Essay Example Researcher and philosopher would have to decide whether to go where with which type of inquiry method. Empirical method of inquiry to which Mr. David Hume belongs is basically the research which is based on the direct experiences and observations made. This method is adopted usually to test a hypothesis drawn for a research. Hypothesis is the assessment of association of variables and phenomenon gathered and drawn out of past studies. The word empirical itself means facts collected after direct experiences and observations. The paper â€Å"Dialogue Concerning Natural Religion† by David Hume is portraying the beliefs and knowledge gathering based on empirical method. David believes that knowledge comes from evidential base, so whether the religion beliefs are right or wrong, and you can say rational or not. By applying empirical method technique, David has to analyze whether there are enough proofs and valid arguments regarding existence of God or it is just about a person born with a particular religion. Another benefit comes from empirical studies that you have to ask directly the related population of your research about the concerns of objectives. Empirical studies are basically divided into two main broad categories. They are Qualitative methods and Quantitative methods. Qualitative research is an analysis by interpretation of facts and information gathered from interviews and questionnaires filled in by the population sample. The analysis made is without the involvement of any number and quantifiable material or aspect. Qualitative research is based on directly interacting with the people and asking about the views and belief for specific object. Quantitative research on the other hand is totally based on the measurements of facts, relations significance, number involvements etc. the phenomenon and all the collected facts are gathered in the way that they can be measured and quantified. Checking in the strengths of empirical method in this paper let us discuss the methodology Hume adopted for the collection of religion beliefs facts. He did not ask if he could rationally prove that God exist. Rather all should come to the conclusions demonstrating God’s nature. For the sake, he described three characteristics of different point of views; Cleanthes, Demea and Philo. Interactions among the researchers and believers enabled the information to give fruitful and reliable results of topics. Quantitative methods are strongly beneficial for the discovery of facts related to measurable research like finance, economic integrations, and scientific facts. But this method cannot work efficiently in the research of human beliefs and views about a real truth. For this purpose of exploration about people thoughts and beliefs on universal truth direct interactions, interviews focus group discussions and arguments are best ways to analyze. This method is called Qualitative method as discussed above. Empirical studies give best results in the research of economic and finance related topics through quantitative methods. And political science, philosophies, universal truths etc tends to come out more beneficial through Qualitative methods. Understanding and gathering of knowledge comes from researching each fact and figure related to them. And research expertise comes from holding complete command on the methods of research e.g. metaphysical method of inquiry, empirical methods of inquiry etc. These techniques help a lot in