Exploratory Research
Exploratory Research
Characteristics
Consider a scenario where a juice bar owner feels that increasing the variety of
juices will enable an increase in customers. However, he is not sure and needs
more information. The owner intends to conduct exploratory research to find out;
hence, he decides to do exploratory research to find out if expanding their juices
selection will enable him to get more customers or if there is a better idea.
Content Index
Interviews: While you may get a lot of information from public sources, but
sometimes an in person interview can give in-depth information on the
subject being studied. Such a research is a qualitative research method. An
interview with a subject matter expert can give you meaningful insights that
a generalized public source won’t be able to provide. Interviews are carried
out in person or on telephone which have open-ended questions to get
meaningful information about the topic.
For example: An interview with an employee can give you more insights to find
out the degree of job satisfaction, or an interview with a subject matter expert of
quantum theory can give you in-depth information on that topic.
Focus groups: Focus group is yet another widely used method in exploratory
research. In such a method a group of people is chosen and are allowed to
express their insights on the topic that is being studied. Although, it is
important to make sure that while choosing the individuals in a focus group
they should have a common background and have comparable experiences.
For example: A focus group helps a research identify the opinions of consumers if
they were to buy a phone. Such a research can help the researcher understand what
the consumer value while buying a phone. It may be screen size, brand value or
even the dimensions. Based on which the organization can understand what are
consumer buying attitudes, consumer opinions, etc.
For example: An FMCG company wants to know how it’s consumer react to the
new shape of their product. The researcher observes the customers first reaction
and collects the data, which is then used to draw inferences from the collective
information.
Online research: In today’s world, this is one of the fastest way to gather
information on any topic. A lot of data is readily available on the internet
and the researcher can download it whenever he needs it. An important
aspect to be noted for such a research is the genuineness and authenticity of
the source websites that the researcher is gathering the information from.
For example: A researcher needs to find out what is the percentage of people that
prefer a specific brand phone. The researcher just enters the information he needs
in a search engine and gets multiple links with related information and statistics.
However, a few things have to be kept in mind while researching from these
sources. Government agencies have authentic information but sometimes may
come with a nominal cost. Also, research from educational institutions is generally
overlooked, but in fact educational institutions carry out more number of research
than any other entities.
For example: A company has low sales. It can be easily explored from available
statistics and market literature if the problem is market related or organization
related or if the topic being studied is regarding financial situation of the country,
then research data can be accessed through government documents or commercial
sources.
Case study research: Case study research can help a researcher with
finding more information through carefully analyzing existing cases which
have gone through a similar problem. Such analysis are very important and
critical especially in today’s business world. The researcher just needs to
make sure he analyses the case carefully in regards to all the variables present
in the previous case against his own case. It is very commonly used by
business organizations or social sciences sector or even in the health sector.
For example: A particular orthopedic surgeon has the highest success rate for
performing knee surgeries. A lot of other hospitals or doctors have taken up this
case to understand and benchmark the method in which this surgeon does the
procedure to increase their success rate.