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Drawing on the readings and articles you have analyzed, differentiate between basic and applied research providing advantages and disadvantages of both.
Applied research is a research methodology that creates practical solutions for specific problems while basic research is an approach to research that seeks to expand knowledge in a field of study. These two key distinctions create unique strengths and weaknesses as it relates to the application of each method.
For one, applied research is much more applicable to real world problems. As such, it can be used to provide an immediate benefit to society in the form of new products, goods, or services. Society can therefore benefit as these products can help improve the overall quality of life for all involved. Applied research also that the ability to become much more profitable that basic research. Through the introduction of new products, the research findings can help increase profitability of a particular organization. In addition, applied research is much more focused and objective than basic research. Due to this objective nature of the methodology, applied research is more unbiased that basic research. This occurs as applied research is often based on empirical evidence based primarily on scientific research methodologies. In addition, depending on the outcome of the research, the findings are often subjected to strict regulatory and other forms of oversight (Babbie, 2007).
Basic research is unique in the sense that it can...…win-win situation in which society obtains the goods and services they demand, businesses who provide these services profit, and society as a whole improves. Basic research does not consistently produce these results. As a result, in certain areas, financial capital is wasted as the benefits of research do not directly benefit society or can not be monetized to further improve the quality of life for society. Likewise, although an increase in understanding is very useful, the research itself is difficult to maintain as it relies on donations, grants, gifts, or other tax payer funded programs. With applied research and the profit mechanism, organizations can self-fund their research without having to burden the tax payer to do so…
References
1. Babbie, E. R. 2007. The basics of social research (4th ed.). Australia: Thomson/Wadsworth. 576 pages.ISBN: 0495094684.
2. Denscombe, Martyn. 2007. The good research guide for small-scale social research projects. 3rd ed. Maidenhead, UK: Open University Press. 360 pages. ISBN: 0335220223.
3. Dooley, David. 2001. Social research methods. 4th ed. Upper Saddle River, NJ: Prentice Hall. 385p. ISBN: 0139554289
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