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Business Research Methods

BRM - Term 3, MBA 08


Dr Aswathy Asokan Ajitha

Source- The quint


MBM023 Business Research Methods | MBA08

Your expectations!

Source: University of Warwick

Dr Aswathy Asokan Ajitha


MBM023 Business Research Methods | MBA08

Their expectations!
• Solves business problems • Real life applications
• Makes business decisions • Practical skills rather than
• Systematic way of decision making theoretical skills
• Helps in good forecast • Applied course rather than
• Method of market research theory
• Helps in strategy formulation • Helps in case study competition
• Deals with qualitative and quantitative methods
• Helps in publishing in journals
• Studies exploratory and descriptive designs
• Helps in project management
• Deals with primary data
• Useful for research projects
• Gains valuable industry insights - Batch 07
Source: Global Focus Magazine

Dr Aswathy Asokan Ajitha


MBM023 Business Research Methods | MBA08

BRM – An Introduction
BRM – Session 1, 2nd January 2023

Dr Aswathy Asokan Ajitha Source: William T. Grant Foundation


MBM023 Business Research Methods | MBA08

Learning Objectives
• Introducing BRM
• Importance of BRM
• BRM & Decision Making
• The Research Process

Source: Michigan Virtual

Dr Aswathy Asokan Ajitha


MBM023 Business Research Methods | MBA08

What is Business Research Methods?


What is a method?
What is research?
What is research methods?

Dr Aswathy Asokan Ajitha Source: S J Hemley Marketing


MBM023 Business Research Methods | MBA08

Why Business Research Methods?


Problem solving
Informed decision making
What could be examples?
Basic and applied research

Dr Aswathy Asokan Ajitha Source: Medium


MBM023 Business Research Methods | MBA08

From “Economic Man” to Behavioral Economics


A short history of modern decision making by Justin Fox

• The rational revolution


• Irrationalities revenge
• When heuristics work
• The state of the art
• Making better decisions

Dr Aswathy Asokan Ajitha Source: 123RF


MBM023 Business Research Methods | MBA08

The Business Research Process

Dr Aswathy Asokan Ajitha Source: S J Hemley Marketing


MBM023 Business Research Methods | MBA08

Session Plan
• Introduction to BRM
• Problem definition and research approach
• Research design
• Exploratory research design
• Descriptive research design
• Experimental research design
• Measurements and scaling techniques
• Sampling
• Introduction to data analysis – uni-, bi-, and multi-variate analysis
• Methods – t-test, ANOVA, MANOVA, Correlation, Regression, Chi-squared test,
• Overview - Logistic regression, Discriminant analysis, Factor analysis, Cluster analysis,
Conjoint analysis, and Multidimensional scaling

Dr Aswathy Asokan Ajitha Source: S J Hemley Marketing


MBM023 Business Research Methods | MBA08

End of Session 1
Session 2, 4th Jan 2023
Topic – Research approaches

Dr Aswathy Asokan Ajitha Source: S J Hemley Marketing

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