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INTRODUCTION
Research is an art of investigation. In common parlance, it refers to a search for
knowledge. One can also define research as a scientific and systemic search for
pertinent information on specific topic. The word ‘Research’ is derived from the
middle French word ‘recherche’ meaning ‘to go about seeking’. the Advanced
Learner’s Dictionary of Current English states the meaning of research as “a
careful investigation or inquiry specially through search for new facts in any
branch of knowledge.” Redman and Mory defines research as “systemized
effort to gain new knowledge.” We all have the vital instinct of inquisitiveness
for, when the unknown confronts us, we wonder, and our inquisitiveness makes
us probe and attain full and fuller understanding of the unknown. This instinct
of inquisitiveness is the mother of all knowledge and method, which a man
employs for obtaining the knowledge of whatever the unknown was, this
knowledge is termed as research. Research is an academic activity, According
to D. Slesinger and M. Stephson in the Encyclopaedia of Social Science defines
research as s “the manipulation of things, concepts or symbols for the purpose
of generalising to extend, correct or verify knowledge, whether that knowledge
aids in construction of theory or in the e practice of an art.” Therefore, Research
is an original contribution to the existing stock of knowledge making its
advancement. It is the pursuit of truth with the help of study, observation,
comparison and experiment. In brief, the search for knowledge through
objective and systematic method of finding solution to a problem is research.
Author Clifford Woody states that research comprises defining and redefining
problems, formulation of hypothesis: collection, organizing and evaluation of
data; and reaching conclusions; at last, carefully testing the conclusion to
determine whether they fir the formulating hypothesis. In my view, Research
refers to the systematic method which consists of enunciating the problem,
formulating a hypothesis, collecting the facts or data, analysing the facts and
reaching certain conclusion either in the form of solutions towards the problem
or in certain generalisations for some theoretical formulation.
PURPOSE OF RESEARCH
The main purpose of research is to find answers to question through the
application of scientific methods. The main aim is to find out truth which is
hidden, and which has not been discovered yet. Although each research study
has its own specific purpose, but we may think of research purposes as
following into number of broad categories.
To gain familiarity with a phenomenon or to achieve new insights into it.
To portray accurately the characteristics of particular individual, situation
or a group.
To determine the frequency with which something occurs or with which
it is associated.
To test hypothesis of a causal relationship between variables.
TYPES OF RESEARCH
Research can be classified into various categories depending on the perspective
under which the research activity is initiated and conducted.
DESCRIPTIVE RESEARCH: Descriptive research includes surveys
and fact-finding enquiries of different kinds. The major purpose of
descriptive research is description of the state of affairs as it exists at
present. In social science and business research, it is quite often used as
the term as Ex post facto research. The main characteristic of this method
is that researcher has no control over variables; he/she can only report
what has happened or what is happening. Most ex post facto research
projects used descriptive studies in which the researcher seeks to measure
things like frequency of shopping, preferences of people, related data.
ANALYTICAL RESEARCH: Analytical research is a critical
evaluation based on information that is available. The research makes use
of the facts or data already available and analyses these to make a critical
evaluation of the material. It is mainly concerned with hypothesis testing.
It specifies and interprets relationships by analyse the facts or the existing
data. It provides the answer to the “why” part of a research. It is usually
concerned with cause-effect relationships. For example, explaining why
and how US trade balance move in a particular way over time.
FUNDAMENTAL RESEARCH: Gathering knowledge for
knowledge’s sake is termed as fundamental research. It is mainly
concerned with generalisations and with the formulation of a theory.
Fundamental research is directed towards finding information that has a
broad base of application and thus, adds to the existing scientific
knowledge. Research concerning some natural phenomenon or relating to
pure mathematics are examples of fundamental research. Likewise,
research which concerns human behaviour carried with a view to make
generalisation about human behaviour are also example of fundamental
research.
APPLIED RESEARCH: Applied Research aims at finding a solution
for an immediate problem facing a society or an industrial business
organization. It is practical in nature as it aims to find a solution for some
existing problem. Research conducted to identify social, economic or
political trends that may affect a particular institution, or the marketing
research or evaluation research is to discover a solution for some pressing
practical problem.
QUANTITAIVE RESEARCH: quantitative research is based on the
measurement of quantity or amount. It is applicable to phenomena that
can be expressed in terms of quantity. For example, studying the number
of enquiries received for room booking though different modes like
internet, emails, calls, letters or other sources.
QUALITTATIVE RESEARCH: Qualitative Research is concerned
with qualitative phenomenon, i.e., phenomena relating to or involving
quality or kind. For example, investigating the reasons for human
behaviour, ‘motivation research’, an important type of qualitative
research. Attitude or opinion research i.e., research conducted to find out
how people feel or what they think about particular subject or institution
is also qualitative research.
CONCEPTUAL RESEARCH: Conceptual Research is that related to
some abstract ideas or theory. It is used by philosophers and thinkers to
develop new concepts or to reinterpret existing ones.
EMPIRICAL RESEARCH: Empirical Research relies on experience or
observation alone, it is data-based research. This type of research comes
up with solution which are capable of being verifies by observation or
experiment. We can also term this as experimental research. In such
research it is necessary to get at facts first-hand, at their source and
actively to go about doing certain things to stimulate the production of
desired information.
SOME OTHER TYPES OF RESEARCH: all other types of research
are variation of one or more above mentation types, based on either the
purpose, or the time required to accomplish research, on the environment
in which research is done, or on the basis of some other similar factor.
With the time point of view, we can think of research as one-time
research or longitudinal research. In this case, research is confined to a
single time-period. Research can be field-setting research or laboratory
research or simulation research, depending upon the environment in
which it is to be carried out. Research can also be termed as clinical or
diagnostic research; it focuses on case study methods or in-depth
approaches to reach the basic casual relations. Such research which goes
deep into the causes of things or events that interests us using very small
samples and deep probing data gathering devices, that type of research is
exploratory research. The main objective of type of research is the
development of hypothesis rather than their testing. Additionally, there
are Historical Research which utilizes the historical documents, remains,
etc. to study events or ideas of the past, including the philosophy of
persons and groups at any remote point of time. Research can be further
classified into conclusion-oriented and decision-oriented. While
conducting conclusion-oriented research, a researcher is free to pick up a
problem, redesign the enquiry as he proceeds and is prepared to
conceptualize as he wishes. Decision-oriented research is always for the
need of a decision maker and the research in this case is not free embark
upon research according to his own inclination.
SIGNFICANCE OF RESEARCH
Famous Author Hudson Maxim stated “All progress is a born of inquiry.
Doubt is often better than overconfidence, for it leads to inquiry, and
inquiry leads to invention.” This can be well understood in the context of
significance of research.
Increased amount of research makes progress possible as Research
inculcates scientific and inductive thinking, and it promotes the
development of logical habits of thinking and organization. The role of
research in several fields of applied economics whether related to
business or to the economy or whole has greatly increase in modern era.
The increasingly complex nature of business and government has laid
emphasis on the use of research in solving operational problems.
Research provides the basis for nearly all government policies in our
economic system. For instance, government’s budget rest in part on an
analysis of the needs and desires of the people and on the availability of
revenues to meet these ends. Research certainly facilitates the decisions
of the policy maker. In addition, research is also considered necessary
with regard to allocation of nation’s resources as government chalks out
programme for dealing with all facets of the countries on the basis of
research only.
Research has its special significance in solving various operational and
planning problems of business and industry. Operations research and
market research along with motivational research, are considered crucial
and their result assist in taking business decisions. Research with regard
to demand and market factors has great utility in business. Given
knowledge of future demand, it is generally not difficult for a firm, or for
an industry to adjust its supply schedule within the limits of its projected
capacity. Market analysis has become an integral tool of business policy
these days.
Research is equally important for social scientist in studying social
relationships and in solving various social problems. It provides the
intellectual satisfaction of a knowing few things just for the sake of
knowledge. Research in social science is concerned both with knowledge
for its own sake and with knowledge for what it can contribute to
practical concerns.
In addition, what has been mention above, the significance of research
can also be understood, for those who are pursuing master’s or Ph.D.
thesis, research may mean a careerism or a way to attain a high position
in the social structure, for professionals in research methodology,
research may mean a source of livelihood, for philosophers and thinkers,
research may mean a way for new ideas and insights.
Therefore, research is fountain of knowledge for the sake of knowledge and an
important source of providing guidelines for solving different business,
governmental and social problems.
Secondary data means data that are already available, when the researcher
utilizes secondary data then he has to look into various sources where he can
obtain it into from – published and unpublished source.
Usually published data are available in: various publication of the centra, state,
are local governments; (b) various publications of foreign journals and
organization; c books, magzines and newspapers; d reports and publications of
various associations connected with business and industry, banks , stock
exchanges etc. e public record and statistics, historical documents f reports
prepared by scholars and universities and other sources of published info.
The source of unpublished data are many like diaries, letters, unpublished
biographies and autobiographies and also maybe with scholars and research
worker, trade association, labour bureaus and others.