Professional Documents
Culture Documents
Is it worth to research?
What is the purpose of your research?
What would be your research questions?
From whom you will collect information?
From how many persons, you will collect information?
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You May Consider Some More Questions….
Research Definition:
Research is an organized and systematic inquiry
(investigation) which provides information for solving a
problem or finding answers to a complex issue.
What is Business Research?
Basic research
and
Applied research
Types of Business Research: Basic Research
Should McDonalds add KFC add more localized food items to its
menu?
Employee performance in Mobilink Company is not good from the
last one year.
Sales of Warid Company is going down day by day .
Should Procter & Gamble add a high-priced home teeth bleaching
kit to its product line?
Role of Research in Decision Making
Decision-making is the process of selecting the best alternative from the available
set of alternatives.
• Good decision making need a “yes” to the following questions:
• Do Manager identify where exactly the problem lies
• Do they correctly recognize the relevant factors to be investigated
• Do they know what type of information are to be gathered and how
• Do they know how to use those information to reach on a conclusion and to make
decision
• Do they know how to implement the result
Role of Research in Decision Making…
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Research Approaches: Inductive Approach
Observation
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Deduction / Induction
Inference (Interpretation):
from a general principle or law to individual instances (deduction):
(General) If something is red, it is a Tomato.
Your car is red (General)
(Particular) Your car is also a Tomato
from several instances to a law (induction)
(Specific) My apple is red
Your apple is red
(General) All apples are red
Hallmarks of Research
Purposiveness
Rigor
Testability
Replicability
Precision and Confidence
Objectivity
Generalizability
Parsimony
Hallmarks (Attributes) of Research
3. Testability:
Hypothesis developed for study can be tested by applying certain
statistical tests to the data collected for the study. E.g. Correlation
coefficient etc.
4. Replicability:
The results of the tests of hypothesis should be supported again and yet
again when the same type of research is repeated in other similar
circumstances
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Hallmarks (Attributes) of Research…
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Hypothetico-Deductive Method
3. Theory formulation - What can I find out that varies from the reported
research (available research)?
Hypothetico-Deductive Method
A sales manager might observe that customers are perhaps not as pleased as
they used to be. The manager may not be certain that this is really the case
but may experience anxiety and some uneasiness that customer satisfaction
is on the decline.
This process of observation or sensing of the phenomena around us is what
gets most of the research—whether applied or basic—started.
Example…
The next step for the manager is to determine whether there is a real
problem, and if so, how serious it is.
This problem identification calls for some preliminary data gathering. The
manager might talk casually to a few customers to find out how they feel
about the products and customer service.
During the course of these conversations the manager might find that the
customers like the products but are upset because many of the items they
need are frequently out of stock, and they perceive the salespersons as not
being helpful.
Example…
From discussions with some of the salespersons, the manager might discover
that the factory does not supply the goods on time and promises new delivery
dates that it fails on occasions to keep. Salespersons might also indicate that
they try to please and retain the customers by communicating the delivery
dates given to them by the factory.
Integration of the information obtained through the informal and formal
interviewing process has helped the manager to determine that a problem
does exist.
Example…