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Business Research Methods
Dr Irfan Ahmed Ansari
Concept
The research process involves:
• identifying,
• locating,
• assessing, and analyzing the information you
need to support your research question,
• and then developing and expressing your
ideas. These are the same skills you need any
time you write a report, proposal, or put
together a presentation.
Definition
‘ Research is a systematic search for
information, a process of inquiry. It can
be carried out in libraries, laboratories,
schoolrooms, hospitals, factories, in the
pages of the Bible, on street corners, or
in the wild watching a herd of elephants
’ (Graziano & Raulin 2004 : 31)
Basic Steps in the Research Process
• Step 1: Identify and develop your topic
• Step 2 : Do a preliminary search for
information
• Step 3: Locate materials
• Step 4: Evaluate your sources
• Step 5: Make notes
• Step 6: Write your paper
• Step 7: Cite your sources properly
• Step 8: Proofread
Types of research-Exploratory Research
• This is carried out to investigate the
possibilities of undertaking a particular
research study.
• This type of research is also called
feasibility study or pilot study
• It is usually carried out when a
researcher wants to explore areas about
which he/she has little or no knowledge.
Types of research-Exploratory Research
• A small scale study is undertaken to
decide if it is worth carrying out a
detailed investigation.
• Are also carried out to develop,
refine and or test measurement
tools and procedures.
Causal research
• Causal research, also known as explanatory
research is conducted in order to identify the
extent and nature of cause-and-effect
relationships. Causal research can be conducted
in order to assess impacts of specific changes on
existing norms, various processes etc.
• Causal studies focus on an analysis of a situation
or a specific problem to explain the patterns of
relationships between variables.
Basis of difference Causal research Exploratory research
Amount of uncertainty
characterizing decision
situation Clearly defined Highly ambiguous
Key research statement Research hypotheses Research question
When conducted?
Later stages of decision
making
Early stage of decision
making
Usual research
approach Highly structured Unstructured
‘Will consumers buy
more products in a blue
package?’
‘
Which of two
advertising campaigns
will be more effective?’
‘Our sales are declining
for no apparent reason’
‘What kinds of new
products are fast-food
consumers interested
in?’
Theoretical research
• Theoretical research enables you to explore and
discuss a research object on the basis of your
use of abstract theoretical structures and
philosophical concepts.
• You cannot, in theoretical research, directly
observe the research object. The aim of your
research is to define and outline conceptual
models, explanations and structures of the
chosen topic with the help of research literature.
Empirical research
• Empirical research is defined as any
research where conclusions of the study
is strictly drawn from concretely
empirical evidence, and therefore
“verifiable” evidence.
• This empirical evidence can be gathered
using quantitative market research
and qualitative market research methods
For example:
• Pharmaceutical companies
use empirical research to try out a
specific drug on controlled groups or
random groups to study the effect and
cause. This way they prove certain
theories they had proposed for the
specific drug.
Cross-sectional research
• It involves using different groups of
people who differ in the variable of
interest but share other characteristics,
such as socioeconomic status,
educational background, and
ethnicity. Cross-sectional
research studies are often used
by researchers studying developmental
psychology.
Cross sectional research
• The participants in this type of study
are selected based on particular
variables of interest. Cross-sectional
studies are often used in
developmental psychology, but this
method is also utilized in many
other areas including social science
and education.
For example
• A cross-sectional study might be
used to determine if exposure to
specific risk factors might correlate
with particular outcomes. A
researcher might collect cross-
sectional data on past smoking
habits and current diagnoses of lung
cancer.
Time series research
• Time series analysis is a statistical
technique that deals with time
series data, or trend analysis. Time
series data means that data is in
a series of particular time periods or
intervals. Time series data: A set of
observations on the values that a
variable takes at different times.
For example
• a time series is a sequence taken at
successive equally spaced points
in time. Examples of time series are
heights of ocean tides, counts of
sunspots, and the daily closing value
of the SEBI.
Business_Research_Methods.pptx
Business_Research_Methods.pptx

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Business_Research_Methods.pptx

  • 1. Business Research Methods Dr Irfan Ahmed Ansari
  • 2. Concept The research process involves: • identifying, • locating, • assessing, and analyzing the information you need to support your research question, • and then developing and expressing your ideas. These are the same skills you need any time you write a report, proposal, or put together a presentation.
  • 3. Definition ‘ Research is a systematic search for information, a process of inquiry. It can be carried out in libraries, laboratories, schoolrooms, hospitals, factories, in the pages of the Bible, on street corners, or in the wild watching a herd of elephants ’ (Graziano & Raulin 2004 : 31)
  • 4. Basic Steps in the Research Process • Step 1: Identify and develop your topic • Step 2 : Do a preliminary search for information • Step 3: Locate materials • Step 4: Evaluate your sources • Step 5: Make notes • Step 6: Write your paper • Step 7: Cite your sources properly • Step 8: Proofread
  • 5. Types of research-Exploratory Research • This is carried out to investigate the possibilities of undertaking a particular research study. • This type of research is also called feasibility study or pilot study • It is usually carried out when a researcher wants to explore areas about which he/she has little or no knowledge.
  • 6. Types of research-Exploratory Research • A small scale study is undertaken to decide if it is worth carrying out a detailed investigation. • Are also carried out to develop, refine and or test measurement tools and procedures.
  • 7. Causal research • Causal research, also known as explanatory research is conducted in order to identify the extent and nature of cause-and-effect relationships. Causal research can be conducted in order to assess impacts of specific changes on existing norms, various processes etc. • Causal studies focus on an analysis of a situation or a specific problem to explain the patterns of relationships between variables.
  • 8. Basis of difference Causal research Exploratory research Amount of uncertainty characterizing decision situation Clearly defined Highly ambiguous Key research statement Research hypotheses Research question When conducted? Later stages of decision making Early stage of decision making Usual research approach Highly structured Unstructured ‘Will consumers buy more products in a blue package?’ ‘ Which of two advertising campaigns will be more effective?’ ‘Our sales are declining for no apparent reason’ ‘What kinds of new products are fast-food consumers interested in?’
  • 9. Theoretical research • Theoretical research enables you to explore and discuss a research object on the basis of your use of abstract theoretical structures and philosophical concepts. • You cannot, in theoretical research, directly observe the research object. The aim of your research is to define and outline conceptual models, explanations and structures of the chosen topic with the help of research literature.
  • 10. Empirical research • Empirical research is defined as any research where conclusions of the study is strictly drawn from concretely empirical evidence, and therefore “verifiable” evidence. • This empirical evidence can be gathered using quantitative market research and qualitative market research methods
  • 11. For example: • Pharmaceutical companies use empirical research to try out a specific drug on controlled groups or random groups to study the effect and cause. This way they prove certain theories they had proposed for the specific drug.
  • 12. Cross-sectional research • It involves using different groups of people who differ in the variable of interest but share other characteristics, such as socioeconomic status, educational background, and ethnicity. Cross-sectional research studies are often used by researchers studying developmental psychology.
  • 13. Cross sectional research • The participants in this type of study are selected based on particular variables of interest. Cross-sectional studies are often used in developmental psychology, but this method is also utilized in many other areas including social science and education.
  • 14. For example • A cross-sectional study might be used to determine if exposure to specific risk factors might correlate with particular outcomes. A researcher might collect cross- sectional data on past smoking habits and current diagnoses of lung cancer.
  • 15. Time series research • Time series analysis is a statistical technique that deals with time series data, or trend analysis. Time series data means that data is in a series of particular time periods or intervals. Time series data: A set of observations on the values that a variable takes at different times.
  • 16. For example • a time series is a sequence taken at successive equally spaced points in time. Examples of time series are heights of ocean tides, counts of sunspots, and the daily closing value of the SEBI.