RESEARCH PROBLEM FORMULATION IN MANAGEMENT SCIENCE

Purpose: The purpose of this paper is to explore the formulation of research problems in management science, highlighting the importance of a structured research methodology and its connection to both theory and practice. The paper seeks to bridge the gap between scientific research and business practice in the discipline of management. Design/methodology/approach: The paper is based on an extensive literature review and theoretical analysis of the development of management science. The methodological approach includes examining historical methods in management research, analyzing their evolution, and proposing a model for structuring the research process. The paper emphasizes methodological triangulation and the relevance of both qualitative and quantitative methods. Findings: The analysis reveals that management science has evolved significantly, from industrial efficiency to modern paradigms that include flexibility, sustainability, and innovation. The formulation of research problems in management science is driven by both theoretical inquiry and practical application, requiring a balance of qualitative and quantitative methods. The paper identifies the importance of methodological pluralism and the necessity of bridging theory with practice in modern management research. Research limitations/implications: The research primarily focuses on the theoretical development of management science and does not include empirical testing. Future research should aim to test the proposed models and frameworks in practical settings to validate their applicability and effectiveness. Practical implications: The paper offers insights into how businesses can benefit from structured research methodologies in management science, providing a guide for managers to apply academic research to real-world business problems. It encourages businesses to adopt flexible and innovative management practices, supported by rigorous research methods. Social implications: The research highlights the importance of sustainable and responsible business practices, suggesting that management science can contribute to societal well-being by promoting practices that balance economic success with environmental and social responsibility. Originality/value: This paper contributes to the ongoing discussion of research methodologies in management science by proposing a model that integrates theoretical and practical perspectives. It is valuable for researchers and practitioners looking to enhance their understanding of the evolving nature of management science and the formulation of research problems.