Unit 1
Unit 1
Unit 1
Meaning of Research
Research is a scientific and systematic search for various information about a specific topic.
It is just like a search for truth and knowledge. The English Dictionary meaning of Research
is “a careful investigation or inquiry especially through search for new facts in any branch of
knowledge.” information about a subject can be collected by deliberate effort and it is
presented in a new form after analyzing thoroughly in research work.
Research is an academic activity. It is a movement from the known to the unknown, which
may be called a discovery. Different definitions of research are given by the experts.
According to P.M. Cook, “Research is an honest, exhaustive, intelligent searching for facts
and their meanings or implications with reference to a given problem.”
J.M. Francis Rumel defines, “Research is an endeavour to discover, develop and verify
knowledge.”
Objectives
The main purpose of research is to discover answers to the meaningful questions through
scientific procedures and systematic attempt. The hidden truths which are not discovered yet
can easily come to light by research.
Characteristics of Research
Research Methods
All those methods which are used by the researcher during the course of studying his
research problems are called as Research Methods. Methods of research may be classified
from different points of view.
These are:
Personnel Management: Research works well for job redesign, organization restructuring,
development of motivational strategies and organizational development.
(ii) Marketing Management: Research performs an important part in choice and size of target
market, the consumer behavior with regards to attitudes, life style, and influences of the target
market. It is the primary tool in determining price policy, selection of channel of distribution
and development of sales strategies, product mix, promotional strategies, etc.
(iii) Financial Management: Research can be useful for portfolio management, distribution of
dividend, capital raising, hedging and looking after fluctuations in foreign currency and
product cycles.
(iv) Materials Management: It is utilized in choosing the supplier, making the decisions
relevant to make or buy as well as in selecting negotiation strategies.
(v) General Management: It contributes greatly in developing the standards, objectives, long-
term goals, and growth strategies.
We now have started to develop much better theories. The computer has provided us a
quantum leap in the capability to take care of difficulties. New techniques of quantitative
analysis utilize this power. Communication and measurement techniques have also been
improved. These developments reinforce each other and are having a substantial impact on
business management.
Business research assists decision makers shift from intuitive information gathering to
organized and objective study. Even though researchers in different functional fields may
examine different phenomena, they are comparable to each other simply because they make
use of similar research techniques. Research is the fountain of knowledge for the sake of
knowledge and it is a crucial source of providing guidelines for solving various business
issues. Thus, we can say that the scope of business research is enormous.
Purpose of Research
It can be hard to tell the exact purpose of business research. It will always be based on the
situation and the person conducting such study. Generally speaking, a business research’s
purpose is to ensure future success. Whenever a person or a group enters the market, their
aim is to earn considerable profits. Well, almost all businesses want to earn money, right?
Unless yours is a non-profit organization, the primary purpose of researching the market is to
generate more sales and income.
When you conduct a business research, you will be gathering relevant information that you
can use to make your business better. For instance, in a marketing search, you will be
identifying your target market and the needs. You have to offer something that the market
needs or you will not be able sell anything! Never enter into a business unless you have
everything planned out. Running a business can get complicated especially if you lack
knowledge. If you conduct a thorough business research, you can learn the basics and put it
to good use.
EXPLORATORY RESEARCH
Exploratory research, as the name implies, intends merely to explore the research questions
and does not intend to offer final and conclusive solutions to existing problems. This type of
research is usually conducted to study a problem that has not been clearly defined yet.
Conducted in order to determine the nature of the problem, exploratory research is not
intended to provide conclusive evidence, but helps us to have a better understanding of the
problem. When conducting exploratory research, the researcher ought to be willing to change
his/her direction as a result of revelation of new data and new insights.
Exploratory research design does not aim to provide the final and conclusive answers to the
research questions, but merely explores the research topic with varying levels of depth. It has
been noted that “exploratory research is the initial research, which forms the basis of more
conclusive research. It can even help in determining the research design, sampling
methodology and data collection method”. Exploratory research “tends to tackle new
problems on which little or no previous research has been done”. Unstructured interviews are
the most popular primary data collection method with exploratory studies.
2. A study into the role of social networking sites as an effective marketing communication
channel
3. An investigation into the ways of improvement of quality of customer services within
hospitality sector in London
4. An assessment of the role of corporate social responsibility on consumer behaviour in
pharmaceutical industry in the USA
DESCRIPTIVE RESEARCH
Descriptive research focuses on throwing more light on current issues through a process of
data collection. Descriptive studies are used to describe the behavior of a sample population.
In descriptive research, only one variable (anything that has quantity or quality that varies) is
required to conduct a study. The three main purposes of descriptive research are describing,
explaining and validating the findings. For example, a research conducted to know if top-level
management leaders in the 21st century posses the moral right to receive a huge sum of
money from the company profit.
EXPLANATORY RESEARCH
Comparative analysis
Exploratory Explanatory
Descriptive Research
Research Research
Research
Unstructured Structured Highly structured
Approach used
Research
Asking research Asking research By using research
Conducted
questions questions hypotheses.
Through
Units of Analysis are the objects of study within a research project. In sociology, the most
common units of analysis are individuals, groups, social interactions, organizations and
institutions, and social and cultural artifacts. In many cases, a research project can require
multiple units of analysis.
Identifying your units of analysis is an important part of the research process. Once you have
identified a research question, you will have to select your units of analysis as part of the
process of deciding on a research method and how you will operationalize that method. Let’s
review the most common units of analysis and why a researcher might choose to study them.
Individuals
Individuals are the most common units of analysis within sociological research. This is the
case because the core problem of sociology is understanding the relationships between
individuals and society, so we routinely turn to studies composed of individual people in order
to refine our understanding of the ties that bind individuals together into a society. Taken
together, information about individuals and their personal experiences can reveal patterns
and trends that are common to a society or particular groups within it, and can provide insight
into social problems and their solutions.
Organizations differ from groups in that they are considered more formal and, well, organized
ways of collecting people together around specific goals and norms. Organizations take many
forms, including corporations, religious congregations and whole systems like the Catholic
Church, judicial systems, police departments, and social movements, for example.
Social scientists who study organizations might be interested in, for example, how
corporations like Apple, Amazon, and Walmart impact various aspects of social and economic
life, like how we shop and what we shop for, and what work conditions have become normal
and/or problematic within the U.S. labor market. Sociologists who study organizations might
also be interested in comparing different examples of similar organizations to reveal the
nuanced ways in which they operate, and the values and norms that shape those operations.
Groups
Sociologists are keenly interested in social ties and relationships, which means that they often
study groups of people, be they large or small. Groups can be anything from romantic couples
to families, to people who fall into particular racial or gender categories, to friend groups, to
whole generations of people (think Millennials and all the attention they get from social
scientists). By studying groups sociologists can reveal how social structure and forces affect
whole categories of people on the basis of race, class, or gender, for example.
Sociologists have done this in pursuit of understanding a wide range of social phenomena
and problems, like for example this study that proved that living in a racist place leads to Black
people having worse health outcomes than white people; or this study that examined the
gender gap across different nations to find out which are better or worse at advancing and
protecting the rights of women and girls.
Conception
The first step in the measurement process is to define the concepts we are studying.
Researchers generate concepts by generalizing from particular facts. Concepts are based on
our experiences. Concepts can be based on real phenomena and are a generalized idea of
something of meaning. Examples of concepts include common demographic measures:
Income, Age, Eduction Level, Number of SIblings.
Constructs
Constructs are measured with multiple variables. Constructs exist at a higher level of
abstraction than concepts. Justice, Beauty, Happiness, and Health are all constructs.
Constructs are considered latent variable because they cannot be directly observable or
measured. Typical constructs in marketing research include Brand Loyalty, Purchase Intent,
and Customer Satisfaction. Constructs are the basis of working hypotheses.
Brand loyalty is a construct that marketing researchers study often. Brand loyalty can be
measured using a variety of measures:
Variables
Variables are measurements that are free to vary. Variable can be divided into Independent
Variables or Dependent Variables. A dependent variable changes in response to changes in
the independent variable or variables.
A variable can be transformed into a constant when the researcher decides to control the
variable by reducing its expression to a single value. Suppose a researcher is conducting a
test of consumers’ taste preference for three brands of frozen pizza. There are a number of
variables in this test:
(3) The manner in which each brand is prepared. To get an accurate measure of the first
variable—respondents’ ratings of the taste of the three pizza brands—the researcher will hold
the second and third variables constant. By serving all three pizzas on the same kind of plates
with the table dressed in the same manner, preparing the pizzas in identical ways, and serving
them at identical temperatures, the research controls for these variables. In doing so, the
researcher has removed, or controlled for the affect of the second and third variables on
respondents’ taste preferences.
Hypotheses
A different meaning of the term hypothesis is used in formal logic, to denote the antecedent
of a proposition; thus in the proposition “If P, then Q”, P denotes the hypothesis (or
antecedent); Q can be called a consequent. P is the assumption in a (possibly counterfactual)
What If question.
The adjective hypothetical, meaning “having the nature of a hypothesis”, or “being assumed
to exist as an immediate consequence of a hypothesis”, can refer to any of these meanings
of the term “hypothesis”.