Professional Documents
Culture Documents
Advantages Disadvantages
• Internal team may be more readily accepted • May have a stereotypical view of the problems
by the employees which may inhibit new ideas
• The team requires much less time to • May face powerful influences from within the
understand the structure, the philosophy, the organization that may bias their results
climate and the work system of the • They may not be perceived as experts by the
organization staff and management
• They are available to help implement any • They may have their own personal biases that
recommendations, trouble-shoot, and evaluate could affect their objectivity
the results
• May be much less costly
External researchers/consultants
External research consultants – are hired by the company especially to conduct a
research project
Advantages
Bring a wealth of diverse experience and new ways of thinking (can think
divergently and convergently)
May have access to more current sophisticated problem solving models
Disadvantages
Costly
Employees may not be cooperative
Additional fees will be involved for implementation and follow-up
When to use Internal vs External researchers
Characteristics of Good Business
Research
3. Define the research problem more specifically – write it in ONE question or statement
1. Relevant – does it have a Business objective?
2. Feasible – can it be done in the time frame, do you have access to the appropriate resources?
3. Interesting – will it advance your career?
Descriptive questions –
Exploratory questions – Causal Questions
quantitative and
qualitative, used when: (hypothesis testing)
qualitative
• Not much is known about • Help to create profiles • Trying to identify if an
a phenomenon • Identify various aspects independent variable
• Existing research results • Offer ideas for further causes a change in a
are unclear or unreliable probing dependent variable
• The topic is highly • Help make research (more about this later)
complex decisions
• There is no theoretical
framework
Unique research opportunities
If you have access to “cool” data, this can be turned into a great project (for
example, your company is implementing a new software, a new strategic
plan, engaging in a merger etc). In these cases, you could measure the impact
on a particular aspect of the company or evaluate the process compared to
“best practices”.
3. Read some articles in an area of interest – focus on the research gaps or limitations that are noted
in the article – consider researching these gaps
Business route
1. Identify a problem or challenge at your workplace or in your industry – conduct research and
prepare a comprehensive action plan to solve this issue that addresses the needs of all key
stakeholders
2. Identify a disruptive opportunity for your company to explore (new products, new production
methods, new markets, new distribution channels etc) – research and analyze all of the key
elements involved in this opportunity and prepare an action plan that addresses all key stakeholders
How to narrow down a research topic
into a question
Topic Question
AI How can AI be used to improve operational efficiency in ABC
Manufacturing plant?
Fintech How can Smart contracts be used by ABC Company to improve
the cash collections process?
Digital What digital marketing strategy can be used to increase the
marketing sales of product A in market B by 10%?
Operational How can the number of defects in product X be reduced by 10%
efficiency through the use of the automated inspection?
Joint ventures What are the key elements to be included in a successful joint
venture contract between manufacturer A and client B?
Google Scholar – use the advanced search function to search using key
words and limit by date and peer-reviewed ( the disadvantage is that you
will find some free articles and others that you need to pay for)
Critical analysis of published research
Always read with purpose – take these notes as you read: