What are the Applications of Causal Research in Business?
Causal research finds applications across various domains within a business:
Marketing: Understanding the impact of advertising campaigns, pricing strategies, and promotional offers on sales. Human Resources: Analyzing the effect of training programs, employee engagement initiatives, and compensation packages on performance and retention. Finance: Assessing the impact of financial policies, investment decisions, and economic variables on company performance. Operations: Identifying the factors that influence production efficiency, supply chain effectiveness, and quality control.