3. Some Syndicated Data Providers
• AC Nielsen
• Scarborough
• Millward Brown
• Nielsen Media Research
• Roper ASW
• CSA TMO
• Yahoo!
• ORC International
• DoubleClick
• Nielsen/NetRatings
• Taylor Nelson Sofres
Intersearch
• J.D. Power Associates
• MediaMark
• Simmon (SMRB)
• BRMB
• Information Resources Inc.
7. Why Study Business Research?
Business
research provides
information to
guide business
decisions
8. Business Research
• A process of determining, acquiring,
analyzing, synthesizing, and disseminating
relevant business data, information, and
insights to decision makers in ways that
mobilize the organization to take
appropriate business actions that,
in turn, maximize business performance
9. Research Should Reduce Risk
The primary purpose of
research is to reduce
the level of risk of a
business decision
11. Characteristics of
Good Research
Clearly defined purpose
Detailed research process
Thoroughly planned design
High ethical standards
Limitations addressed
Unambiguous presentation
Conclusions justified
Credentials
Adequate analysis
13. DESCRIPTIVE RESEARCH can answer questions
who, what, where, when and how’.
� It includes surveys and fact-finding enquiries with adequate
interpretation.
� Descriptive research can involve a onetime interaction with groups of
people (cross-sectional study) or a study might follow individuals over
time (longitudinal study).
� Descriptive research is closely linked with ex post facto, historical,
exploratory, and quantitative research, and sometimes, these terms
can be used interchangeably.
• Eg:Ministry of Agriculture would like to know about the crop patterns
across different states in India and
14. Correlational Research
� It is undertaken to discover or establish relationship or
interdependence between two aspects of a situation.
Two or more variables may occur together but that
does not mean that one has caused the other to occur.
� It may identify factors leading to a certain situation.
� Eg:, ascertaining the degree of relationship between
stress among students to perform in the exam and
rote learning.
15. Experimental Research or Causal Studies
� It is cause-and-effect finding research; it seeks to
uncover cause-and-effect relationships.
� An action or occurrence can cause other action, for
example, smoking causes lung cancer. It brings up a
definite cause-and effect relationship. It identifies the
variable that changes the dependent variable. For
example, smoking causes weak lungs and not vice
versa.
� If we are able to identify the cause of a problem, then
we may be on the way to find a solution to the
problem, as is the case in medical science.
16. Exploratory Research
� It is generally done in the beginning of a research. It is
undertaken to explore an area where little is known or
to investigate the possibilities of undertaking a
particular research study and is akin to feasibility study
or pilot study.
� It attempts to clarify why and how there is a
relationship between two or more aspects of a
situation or phenomenon.
� It makes use of secondary data (mainly literature
review), experience surveys, case studies, interviews
(mainly focus groups’ interviews), projective
techniques, and Delphi techniques.
17. � Explanatory Research
Explanatory research attempts to answer how and why
between two aspects of a situation or a phenomenon.
For example,
▪ why examination related stress leads to rote learning?
▪ Why and how stress leads to a heart disease?
18. Classification of Research on the
Basis of Application
Fundamental (Basic or Pure) Research
� The main purpose of basic research is to add to the existing stock of knowledge
and, thus, can be intellectually challenging.
� The knowledge produced through pure research is sought in order to add to the
existing body of research methods.
� It is not likely to have any practical application at the present time or even in the
future.
Applied Research
� Applied research is done to solve specific, practical questions facing the society.
� It can be used for policy formulation, administration, and understanding of a
phenomenon.
� It is always done on the basis of basic research and can be carried out by academic
or industrial institutions.
• application of the knowledge generated to social concerns
Action research
is useful in solving an immediate, specific problem & for improvement of practices
21. Scientific Method
• The analysis and interpretation of empirical evidence (facts from
observation or experimentation) to confirm or disprove prior
conceptions.
22.
23. The Research Process
Stage 1: Clarifying the
Research question
Stage 2: Proposing Research
Stage 3: Designing the
Research
Stage 4: Data Collection &
Preparation
Stage 5: Data Analysis &
Interpretation
Stage 6: Reporting the
Results
24. Stage 1: Clarifying the Research Question
Management-research question hierarchy process begins
by identifying the management dilemma
25. Stage 1: Clarifying the Research Question
Step 1: Discover the Management Dilemma
26. Stage 1: Clarifying the Research Question
Step 2: Define the Management Question
27. Stage 1: Clarifying the Research Question
Step 3: Define the Research Question
40. Problem Discovery and Definition
• First step
• Problem, opportunity, or monitor operations
• Discovery before definition
• Problem means management problem
41. “The formulation of the problem is often more essential
than its solution.”
Albert Einstein
42. Problem Definition
• The indication of a specific business decision area that will be
clarified by answering some research questions.
43. Ascertain the Decision Maker’s Objectives
• Decision makers’ objectives
• Managerial goals expressed in measurable terms.
43
44. The Iceberg Principle
• The principle indicating that the dangerous part of many business
problems is neither visible to nor understood by managers.
45. Isolate and Identify the Problems, Not the Symptoms
• Symptoms can be confusing
45
46. Symptoms Can Be Confusing
Twenty-year-old neighborhood swimming association:
• Membership has been declining for years.
• New water park -residents prefer the expensive water park????
• Demographic changes: Children have grown up
47. Problem Definition
Organization Symptoms Based on Symptom True Problem
Twenty-year-old
neighborhood
swimming
association in a
major city.
Membership has been
declining for years.
New water park with
wave pool and water
slides moved into
town a few years ago.
Neighborhood
residents prefer the
expensive water
park and have
negative image of
swimming pool.
Demographic changes:
Children in this 20-
year-old neighborhood
have grown up. Older
residents no longer
swim anywhere.
48. Determine the Unit of Analysis
• Individuals, households, organizations, etc.
• In many studies, the family rather than the individual is the
appropriate unit of analysis.
48
49. Determine the Relevant Variable
• Anything that may assume different numerical values
49
51. What do wedo with Problems?
• Ignore them
• Talk about them
• Try to solve them
52. What is a Research Problem?
A research problem is an issueor concern
that an investigator presents and justifies
in a research study.
53. What is a research problem?
⚫A problem that someone would like to research
⚫Anything that a person find unsatisfactory or
unsettling, a difficulty of some sort, a state of
affairs that need to be changed.
⚫A problems involve areas of concerns to
researchers, for condition they want to improve,
difficulties they want to eliminate, questions for
which they want to seek answers.
54. How to Identify a Research Problem
• Search for a problem .
• Read more about your problem.
• Take notes or keep a research journal.
• Seek professional advice.
• Keep the topic interesting.
56. What do wedo with Problems?
• Ignore them
• Talk about them
• Try to solve them
57. What is a Research Problem?
A research problem is an issueor concern
that an investigator presents and justifies
in a research study.
58. What is a research problem?
⚫A problem that someone would like to research
⚫Anything that a person find unsatisfactory or
unsettling, a difficulty of some sort, a state of
affairs that need to be changed.
⚫A problems involve areas of concerns to
researchers, for condition they want to improve,
difficulties they want to eliminate, questions for
which they want to seek answers.
59. How to Identify a Research Problem
• Search for a problem .
• Read more about your problem.
• Take notes or keep a research journal.
• Seek professional advice.
• Keep the topic interesting.
60. Why is the Research ProblemImportant?
• Establishes importance of topic
• Creates reader interest
• Focuses reader’s attention on how study
will add to literature
61. CanandShouldtheProblemBeResearched?
• Can you study the problem?
– Do you have access to the research site?
– Do you have the time, resources and skills to
carry out the research?
• Should you study the problem?
– Does it advance knowledge?
– Does it contribute to practice?
77. What is Conceptual Framework
• Conceptual framework is a structure which the researcher
believes could best explain the natural progression of the
phenomenon to be studied (Camp, 2001).
•It offers a logical structure of connected concepts that help
provide a picture or visual display of how ideas in a study relate
to one another (Grant & Osanloo, 2014).
•It assists the researcher to specify and define the concepts
within the problem of the study (Luse, Mennecke & Townsend,
2012).