MBA - MB0050 ± Research Methodology
Assignment Set: 1Question 1: Why should a manger know about research when the job entails managingpeople, products, events, environments, and the like?Answer:
Research simply means a search for facts ± answers to questions and solutions toproblems. It is a purposive investigation. It is an organized inquiry. It seeks to find explanationsto unexplained phenomenon to clarify the doubtful facts and to correct the misconceived facts.Research is the organized and systematic inquiry or investigation which provides information forsolving a problem or finding answers to a complex issue.
Research in business:
Often, organization members want to know everything about their productsservices, programs, etc. Your research plans depend on what information you need to collectin order to make major decisions about a product, service, program, etc. Researchprovides the needed information that guides managers to make informeddecisions to successful deal with problems. The more focused you are about yourresources, products, events and environments what you want to gain by your research, the moreeffective and efficient you can be in your research, the shorter the time it will take you andultimately the less it will cost you.
Question 2: How do you evolve research design for exploratory research?Briefly analyze.
Answer:Research design for exploratory research:
Research simply means a search for facts answers to questions andsolutions toproblems. It is a purposiveinvestigation. It is an organized inquiry. It seeks to findexplanations tounexplained phenomenon to clarify the doubtful facts and to correct themisconceived facts. Although any typology of research is inevitably arbitrary,Research may be classified crudely according to its major intent or the methods.It is also known as formulating research. It is preliminary study of anunfamiliar problem about which the researcher has little or no knowledge. It is ill-structured and much lessfocused on pre-lessfocused on pre-determined objectives. It usually takes the form of a pilot study. Thepurpose of this research may be to generate new ideas, or to increase the researcher¶sfamiliarity with the problem or to make a precise formulation of the problem or to gatherinformation for clarifying concepts or to determine whether it is feasiblethestudy. Katz conceptualizes two levels of exploratory studies. ³At thefirst level is thediscovery of the significant variable in the situation, atat the second, the discovery of relationships between variables.
Question 3: Independent and dependent and extraneous variables in a research design:Answer:
The research designer understandably cannot hold all his decisions in his head. Even if he could,he would have difficulty in understanding how these are inter-related. Therefore, he records hisdecisions on paper or record disc by using relevant symbols or concepts. Such a symbolicconstruction may be called the research design or model. A research design is a logical andsystematic plan prepared for directing a research study.
Dependent and Independent variables:
A magnitude that varies is known as a variable. The concept mayassume differentquantitative values, like height, weight, income, etc.Qualitative variables are notquantifiable in the strictest sense of objectivity.However, the qualitative phenomena may also be quantified in terms of the