This document discusses the formulation of research problems and development of research hypotheses. It defines a research problem as a gap in existing knowledge that hinders effective decision making. The process of identifying a research problem involves discussing issues with experts, reviewing literature, conducting qualitative analysis, and identifying a management research problem. This problem is then used to build a theoretical model, state research objectives, and form testable research hypotheses. Hypotheses should be measurable statements of the expected relationships between variables.