Importance of Studying Sociology in Business

    If you ever get to start a business with a person who claims the conducting sociological surveys and studies is not beneficial to business, please, do yourself a favor and quit before it’s too late. Unfortunately, those who do not understand the importance of sociology to business, those are the people whose businesses are doomed to failure. Of course, it was not so some twenty years ago when those were the companies that dictated the rules of markets. Nowadays, as those are the customers that decide whфффich company is going to be successful and which will go bankrupt tomorrow or even today, studying people’s preferences, desires, and vision is extremely important. This article was written to answer the question of why is sociology important to business?

    Sociology Marketing

    Do you know that every single add that you see online and all the emails that you receive with an offer to buy a particular commodity or order service is not randomly sent? That’s right, this is the sociological marketing action. Your behaviors, your preferences, and even the shops that you visit (say hello to the location service on your smartphone) are studied, analyzed, and translated into the offers that might interest you.

    Sociology lies at the core of the modern business as it actually defines what, where, how, and whom to sell. If you still doubt this information, choose sociology essay at GradesFixer and see what the professional researchers and writers talk about. The essay examples that are present on this website are nothing else but brilliant proof to the fact that the majority of essays on sociology are being written today signifying the homogeneity of business and sociology.

    All the major corporations in the world are nowadays using sociology as the basis for defining the key markets they should enter. For example, before entering a foreign market, the corporation sends there a team of sociologists or hires a local team of professionals, so they could conduct a sociological analysis of the market. Thus, the corporation knows whether it would be viable and, what is more, lucrative to enter this country’s market. Sociology can save billions and billions of dollars to businesses who are not afraid to spend thousands on sociological research.

    The Need for Learning

    If your major is business studies, business administration, economics, or anything else that is finance-related, you should definitely learn sociology. Do not even try stating business has nothing to do with the study of sociology as modern entrepreneurship is, in fact, based on what sociologists say. For example, if the latest sociological survey results claim that the citizens of California are no longer interested in buying groceries at the land-based stores, you should, probably, open an online store if you plan business in California.

    How It Works

    If you Google any sociological research, you will see that it is, first of all, based on the results of surveys that sociologists conduct prior to actually analyzing data. Let us regard the aforementioned made-up survey of the citizens of California on the propriety of opening land-based grocery stores. The sociologists spread all over the state and ask, for example, 200 people from Sacramento, 400 from Los Angeles, 300 people in San Francisco, 50 people in Anaheim, and 50 people from Fairfield whether they still consider buying groceries in land-based markets appropriate, convenient, etc.

    The total selection of 1000 individuals is considered to be enough for defining the general ‘mood’ of the state’s citizens. Of course, California is huge, but as you can see the survey specialists have been dispersed all over the state, following the right pattern of correlation between the number of a city’s citizens and the number of respondents assigned to it. Thus, the survey results and the follow-up study, analysis, and interpretation of these results may help you make the best business decision.

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    A Perfect Match

    Sociology and business are inseparable today. Try searching free essay examples online and see that almost every paper on business studies features a sociological research data as one of the sources that it is based upon. What is more, this connection is a reciprocal one. Topics may vary, but the number of examples of role in sociology that a business can play remains impressive.

    Here comes a list of benefits that sociology brings to business:

    –        It predicts the customers’ behavioral samples;

    –        Defines the probability of a product becoming successful;

    –        Predicts the most lucrative markets;

    Conclusion

    Knowing sociology is an essential skill for anyone who is eager to know how modern business works. Those who ignore the might of sociological surveys and studies will be left behind the backs of successful entrepreneurs. The future of business is based on sociology, so learning it is essential for all business students.

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    • Tom La Vecchia

      Founder of New Theory & X Factor Media

      Founder and Publisher of New Theory Magazine and Podcast. Serial Entrepreneur who loves wine, cigars and anything that allows to people to connect and share experiences.

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