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Chap 1 Advanced Business RMs
Chap 1 Advanced Business RMs
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What is Research?
The term ‘Research’ consists of two words:
Research = Re + Search
‘Re’ means again and again and ‘Search’ means to find out
something, the following is the process:
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Definitions of Research:
1. Robert Ross defined research as an investigation, a
recording and analysis of evidences for the purpose of
gaining knowledge.
In short,
Research is the search for knowledge through
scientific and systematic method of finding solution
to a problem.
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On evaluating these definitions, we can conclude
that-Research refers to the systematic method
consisting of
Formulating the problem,
Formulating a hypothesis,
Collecting the fact or data,
Analyzing the facts and
Reaching to certain conclusions either in the form
of solutions towards the concerned problem or in
certain generalizations for some theoretical
formulation.
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Research Methods versus Methodology
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Objectives of Research
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2. To accurately portray the characteristics
of a particular individual, situation or a
group (studies with this object in view are
known as descriptive research studies);
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1.3 Classifications & Types of Research:
Classifications of Research:
There are two broad classifications of research:
I. Research in physical or natural sciences,
II. Research in social or human sciences.
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Types of Research
The basic types of research are as follows:
(i)Descriptive vs. Analytical:
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.
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In analytical research, on the other hand, the
researcher has to use facts or information already
available, and analyze these facts to make a critical
evaluation of the material.
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Essentials of qualitative research approach
Qualitative Research: This approach involves study of non-
quantitative data i.e. characteristics or attributes, attitude,
opinion or behavior.
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1.5 Research Process
Research process consists of series of actions or steps
necessary to effectively carry out research and the
desired sequencing of these steps.
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Stages In the Research Process
(1) Formulating the research problem;
(2) Extensive literature survey;
(3) Developing the hypothesis;
(4) Preparing the research design;
(5) Determining sample design;
(6) Collecting the data;
(7) Execution of the project;
(8) Analysis of data;
(9) Hypothesis testing;
(10) Generalizations and interpretation, and
(11) Preparation of the report or presentation of the
results, i.e., formal write-up of conclusions
reached.
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Brief Discussion of the Stages in the Research Process :
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3.Formulation of Research Objectives,
Questions and Hypothesis:
Discuss the problem with the colleagues
Examine the data and reports
Develop tentative assumptions.
4. Operationalization of Concept:
Define the concepts to be used in the study
Construct index/ guide/
Construct scale for measuring variables
8. Collection of data:
Primary data from primary sources
Secondary data from secondary sources.
9. Processing of data:
Editing Coding
Classification Transcription or decoding and Tabulation.
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10. Analysis of data: Descriptive analysis
Percentage
Average
Time series analysis
Index number analysis
Use of other statistical tools if necessary.
11. Hypothesis testing: inferential analysis
Chi-Square test
F-test
Z-test
T-test.
Regression and correlation analysis.
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N.B. If entire population is taken for
the study, it can be analyzed simply
using descriptive statistics only. It is
not possible to use inferential statistics
here because there is nothing to infer.
However, if sample is taken from
population, inferential statistics may be
used to infer the characteristics of
sample on population from which
sample has been drawn.
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12. Interpretation and Generalization:
Draw meaning from the analysis
Reach to the conclusion and compare your conclusion
against your set hypothesis.
See whether conclusions are applicable universally
Make generalization.
13. Report Writing:
The preliminary pages with Roman Numbers.
Main text:
Introduction (use Arabic Numbers for pagination).
Main reports
Summary and findings
Conclusion and recommendation
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Report Writing
Report writing is an effective communication of the
research findings to the:
Society
Clients
Government
Industries
Other Researchers
Scholars
Libraries etc.,
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1.6. Motivation in research
The possible motives for doing research may be
either one or more of the following:
1. Desire to get a research degree along with its
consequential benefits;
2. Desire to face the challenge in solving the
unsolved problems, i.e., concern over practical
problems initiates research;
3. Desire to get intellectual joy of doing some
creative work;
4. Desire to be of service to society;
5. Desire to get respectability. 34
1.7. Characteristics of Good Research
1. Good research is systematic: It means that research is
structured with specified steps to be taken in a
specified sequence in accordance with the well
defined set of rules. Systematic characteristic of the
research does reject the use of guessing and intuition in
arriving at conclusions.
2. Good research is logical: This implies that research is
guided by the rules of logical reasoning and the logical
process of induction and deduction are of great value in
carrying out research. Induction is the process of
reasoning from a part to the whole whereas deduction is
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the process of reasoning from some premise to a
conclusion which follows from that very premise. In
fact, logical reasoning makes research more meaningful
in the context of decision making.
3. Good research is empirical: It implies that research is
related basically to one or more aspects of a real
situation and deals with concrete data that provides a
basis for external validity to research results.
4. Good research is replicable: This characteristic allows
research results to be verified by replicating the study
and thereby building a sound basis for decisions.
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Criteria of Good Research
1. The purpose of the research should be clearly defined.
2. The research procedure used should be described in
sufficient detail to permit another researcher to repeat the
research for further advancement, keeping the continuity
of what has already been attained.
3. The procedural design of the research should be
carefully planned to yield results that are as objective as
possible.
4. The researcher should report with complete frankness,
flaws in procedural design and estimate their effects upon
the findings.
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5. The validity and reliability of the data should be checked
carefully.
6. Greater confidence in research is warranted if the
researcher is experienced, has a good reputation in
research and is a person of integrity.
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Chapter End
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