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PART 1

CHAPTER 2

Business Research Process

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LEARNING OUTCOMES

After studying this chapter, you should be able to:

 Differentiate between two different types of thought


process—deduction and Induction
 Differentiate between quantitative and qualitative
research
 Know the different scientific stages of business
research process

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2.1 Approaches to business
Research

Two different thought processes:

 Reasoning
1. Induction (Inductive Reasoning)— general principles are
inferred from specific observations to arrive at valid
conclusions.

Investigating a Specific problem to come up with general solution


Employee high turn over new salary structure

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Inductive—Bottom Up Approach

Conclusion

Hypothesis

Specific
Observation

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2.1 Approaches to Research
(cont.)

2. Deduction (Deductive Reasoning)—deductive


reasoning relies on specifics are inferred from
general principles/theory to arrive at valid
conclusions.

Use general model to solve a Specific problem

Use hierarchy of need theory Categorize employees


needs

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Deductive—Top Down Approach

Theory

Hypothesis

observation

Confirmation

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2.2 Quantitative vs Qualitative
Research

 Quantitative research to describe and understand


phenomena focusing on statistical analysis of
numerical data using large-scale survey research
method, and data collection methods of
questionnaire and/or structured interview.

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2.2 Quantitative vs Qualitative
Research (cont.)

 Qualitative research attempts to explore and


explain phenomena related to people’s beliefs,
experiences, attitudes, behaviour and interactions
through methods
 using case study and/or observation research
method, and data collection methods of direct or
participant observation and/or un-structured
interview.

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Both have their strengths and
weaknesses

 One of the advantages of quantitative research is


that of generalisation of research findings to the
population through the statistical analysis
 On the other hand, the qualitative research does
not necessarily seek to choose the sample that is
representative of the target population. However, it
provides in-depth information which is not possible
with quantitative data

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2.3.1 Problem Identification

 Desires to find information needed to fulfil a need.


In this context, a research is needed to address a
problem. If there is no problem then there is no
need for a research.

 Don’t confuse the research phenomenon with the


research problem

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2.3.1 Problem Identification

Match items of group A with the most relevant counterpart from group B

(Group A) (Group B)

1.Absenteeism 1.misleading Market segmentation


2.Confusing Consumer needs 2.Excessive Paperwork
3.Bottlenecks 3.Demotivated Employees
4.High material costs 4.Low Productivity
5.High Employee turn over 5.Incorrect Demand Forecasting
6.Bankruptcy 6.Low Employee awareness
7.Low Inventory turn over 7.Weak Attendance Policy
8.Employee Dissatisfaction 8.Inappropriate On - Job - Training
9.Low skilled employees 9.Incentive plan

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2.3.2 Defining the Research
Objective / question
 Need to be very focused to identify the research
objectives
 The objectives’ action verb should be clear
– Understand (describe) – What
– Explain – Why
– Explore – How

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2.3.3 Research Design

 Provides the framework to be used as a guide in


collecting and analysing data
 Match a research problem with appropriate
research design
– Descriptive research design
– Causal research design
– Exploratory research design

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Descriptive research design

Can be either (a) longitudinal or (b) cross-sectional.


–A. Longitudinal: Taking multiple measures from the same
sample over an extended period of time—from a few months to
a few years (ex: market share, productivity and inventory
turnover over 4 quarters)

–B. cross-sectional : Takes place at a single point in time and


aims to describe the relationship between variables (ex:
market share, productivity and inventory turnover over on
December 2017)

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Causal /experimental research
design

 Seeks to establish the cause and effect relationship


among the variables of interest

Ex. The impact of work design on the individual


performance

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Exploratory research design

 Is to generate hypotheses for further study


 Provide insight on how to do more conclusive
research

 Ex. Business process models (BPMs)

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2.3.4 Designing Research
Methodology

Major parts of research methodology are:

1. Research method: primary/secondary


2. Method of data collection (instruments)
3. Sampling plan OR complete census
4. Fieldwork plan
5. Analysis plan

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2.3.5 Budget and Cost
Estimation

Three basic parameters which provide an estimate of


how much a study is going to cost.

Sample size.
How difficult it is to find the sampling units
(respondents) and their geographical dispersion?
Who will do the fieldwork?

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2.3.6 Presentation, Report and
Decision-making

A business research starts with problem


identification and ends with an
actionable/formal report.

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Business Research Process:
An Overview
Defining
Opportunity and
information research
need felt objectives

Designing
Managerial research
decision and method
action
Diagrammatic
Representation of the
Business Research
Process
Plan and do
Report primary
writing and research
presentation

Plan and do
Tabulation secondary
and analysis research

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