Business Research Methods Handout Final
Business Research Methods Handout Final
MANAGEMENT DEPARTMENT
COURSE TITLE: BUSINESS RESEARCH
METHODS
HAND OUT
not normative.
Applied Research: (Decisional Research)
It aims at finding a solution for an
immediate problem facing a society or an
organization. The research that aimed at
certain conclusions (ex. solution) facing a
concrete social or organizational problem is
an example of applied research.
The research to identify social, economic or political
trends that may affect a particular institutions or the
copy research (research to find out whether certain
communications will be read and understood) or the
marketing research or evaluation research are
examples of applied research. Thus, the central aim of
applied research is to discover a solution for some
pressing practical problem.
Applied research is concerned with the
solution of particular, problems; for policy
formulation, administration and
understanding of a phenomenon. It aims at
finding a solution for an immediate
problem facing a society or an organization.
It is an empirical and practical.
B. ON THE BASIS OF OBJECTIVES
1. Exploratory research :
It is a type of research conducted for a problem that
has not been clearly defined. The exploratory research
helps determine the best research design, data
collection method and selection of subjects. The
results of exploratory research are not usually useful
for decision-making by themselves, but they can
provide significant insight into a given situation.
The exploratory research is not typically
generalizable to the population at large. The
exploratory research can be quite informal,
relying on secondary research such as reviewing
available literature and/or data like informal
discussions with consumers, employees,
management, case studies or pilot studies etc.
Conclusive research :
Conclusive research is meant to provide
information that is useful in reaching conclusions. It
tends to be quantitative in nature, that is to say in the
form of numbers that can be quantified and
summarized. It relies on both secondary data,
particularly existing databases that are reanalyzed to
shed light on a different problem and primary data.
3) Based on Inquiry Mode
I. Structured approach/ quantitative research-
It involves a collection of numerical data to answer a specific
research question. Quantitative research is applicable to
phenomena that are measurable so that they can be expressed in
terms of quantity. the research process- objectives, design,
sample, and the questions that you plan to ask of respondents- is
predetermined the extent of a problem, issue or phenomenon by
quantifying the variation. e.g. how many people have a particular
problem?
(b) Unstructured approach/ qualitative research-
c) Educational Research
CHAPTER TWO
HYPOTHESIS FORMULATION
What is Research Problem?
Problem means a question or an issue
to be examined. A research problem
refers to some kind of problem which a
researcher experiences or observes in
the context of either a theoretical or
practical situation.
Research problem is one which
requires a researcher to find out the
best solution for the given problem, i.e.,
to find out by which course of action the
objective can be attained in a best
possible context of a given environment.
Formulating the research problem:
Problem formulation is perceived as
most important of all the other steps,
because of the fact that a clearly and
accurately identified problem would
lead to effective conduct of the other
steps involved in the research process.
Problem formulation refers to
translating the management problem
into a research problem. It involves
stating the general problem and
identifying the specific components of
research problem.
ROLE OF INFORMATION IN PROBLEM
FORMULATION
Empirical
Verifiable/provable
interesting
Selection and formulation of a research problem
Considerations in selecting a research
problem are:
Interest
Magnitude
Level of expertise
Relevance/Significance
Availability of data,
Ethical issues.
Steps for Defining and Formulating a
Research Problem
1. Stating the problem in a general way: - The
researcher should state the problem in general terms,
keeping in view either some practical concern or some
scientific or intellectual interest. Often the guides put forth
the problem in interesting terms and researcher narrows
RESEARCH PROPOSAL
What is a Research Proposal?
A research proposal is a document written by a
researcher that provides a detailed description of the
proposed program/plan.
“A research proposal is a document that describes
the essential features of a study to be conducted in
the future, as well as the method whereby the
investigation may be logically and successfully
accomplished.”
In fact the research proposal is the conceptual
structure within which research is conducted; it
constitutes the blueprint for the collection,
measurement and analysis of data.
Research outline
Synopsis of research
Plan of research
Research proposal
Title
Abstract
Key terms
Table of content
Introduction
Background of the study
Statement of the problem
Objectives of the research
Hypothesis/Research Question
Significance of the research
Organizations of Chapters
Review of literature
Methodology Used
Time schedule/work plan
References
Appendix (Attachments)
TITLE
It should be concise and descriptive. It is first page.
‘To determine’,
‘To ascertain’,
“To describe ‘
“To measure’,
OF RESEARCH PROJECT
Meaning of Research Design
“A research design is the arrangement of conditions
for collection and analysis of data in a manner that
aims to combine relevance to the research purpose
with economy in procedure.” (Kothari, 2004)
A research design specifies the methods and
procedures for conducting a particular study. The
researcher should specify the approach the researcher
intends to use with respect to the proposed study.
As such the design includes an outline of what
the researcher will do from writing the
hypothesis and its operational implications to
not related to the purpose of the study, but may affect the
Interview
Experimentation
Questionnaire
Use of telephone
Planning
Execution
Recording and
Interpretation
Interview
The interview is a process of communication or
interaction in which the subject or interviewee
gives the needed information verbally in a face – to
– face situation (Koul, 1996). Interview is a two-
way systematic conversation between an
investigator and an informant, initiated for
obtaining information relevant to a specific study.
Interviewing requires face to face contact or over
telephone.
Types of Interview
Structured
Semi -structured
Unstructured
Individual interview
Group interview
Supervisor interview
Structured Interview: In structured
interviews, questions are planned and created in
advance. All candidates are asked the same
questions in the same order. In structured interviews
all the candidates are asked the same questions. The
choice of alternative answers is restricted to a
predetermined list. This type of interview is rigidly
standardized and formal.
Semi structured Interview: a type of interview in which
the interviewer asks only a few predetermined
questions while the rest of the questions are not planned in
advance. Since semi-structured interviews combine both
the structured and unstructured interview styles, they can
offer the advantages of both. They allow for the
objective comparison of candidates, while also providing
an opportunity to spontaneously/unexpectedly explore
topics relevant to that particular candidate.
Unstructured Interview: An unstructured
interview is a type of interview in which the
interviewer asks questions which are not
prepared in advance. Instead, questions arise
spontaneously/unexpected in a free-flowing
conversation, which means that different
candidates are asked different questions.
Single Interview
Coding Boxes
1. Background Information about the Questionnaire
Both from ethical and practical point of view, the researcher need to
provide sufficient background information about the research and the
questionnaire. Each questionnaire should have a cover page, on which
some information appears about:
The sponsor
The purpose
Return address and date
Confidentiality
Voluntary responses and
Thanks
2. Secondary Source
Secondary sources include secondhand information, such
as a description of an event by someone other than an
eyewitness, or a textbook author’s explanation of a
researcher’s theory. Secondary sources are the reports of a
person that relate the testimony of an actual witness of, or
participant in, an event. The writer of the secondary
source was not on the scene of the event, but merely
reports what the person who was there said or wrote
(Kahn, 1999).
Some Fundamental Definitions
Population : is the full universe or entire group of
people or things from which the sample is selected.
6. Administrative convenience:
7. More scientific:
Steps in Sampling Design
have similar nature and should mot have any difference when
Quota Sampling
Cluster Sampling
Snowball
Multi Stage Sampling Sampling
1. Probability Sampling
• A probability sampling is one in which every unit in the
population has a chance of being selected in the sample.
a) lottery method,
c) Computers.
2) Systematic Sampling/Fixed interval sampling-The entire list of
items of the population are given serial numbers. Thereafter the
sample items are selected with equal intervals, then the first unit of a
sample is selected randomly and the remaining units at the fixed
interval (Kth element) in a given series. In this case, k = (population
size/sample size). For example in a population of 25 students in a
college under master of commerce studies. The management is going
to select 5 students out of 25 then the process is:
4. Appendices: